Morning Update from SPAC Track

Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (July 22, 2022)

Active SPAC Pre-Market Movers (1%+)*:

⬆️ —

⬇️ PRPB -4.3%, DWAC -2.4%, BCAC -1.5%

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De-SPAC Pre-Market Movers (5%+)**:

⬆️ EVEX +7.0%, LMDX +6.8%, CORZ +6.0%, AUR +5.5%

⬇️ FFIE -20.2%, GROV -5.6%

*at the time of this writing

**De-SPACs from 2019-

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Previous Session Movers & Volume Leaders:

spactrack.io @SPACtrack

#SPACVolume Leaders (07/20/22) $CVII 14.7M $PSTH 9.4M $DSAC 4.3M $JWSM 2.1M $IPOF 2M $FWAC 1.7M $ACTD 1.5M (-23%) $ARYE 1.1M $CFVI 0.8M $EOCW 0.8M

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The Deals:

No new deals

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News:

• Nikola Founder’s First Fuel Cell Semi Truck Lacked a Fuel Cell (Bloomberg)

• ironSource: "We struck while the iron was cold” (CTech)

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Updates:

• ArcLight Clean Transition Corp. II ( ACTD 0.00%↑ ) completed its merger with OPAL Fuels and will start trading as $OPAL today

• Aries I Acquisition Corporation RAM 0.00%↑ and InfiniteWorld amend the merger agreement to extend the outside date from 11/21/22 to 8/21/23 and amend InfiniteWorld’s equity value from $525M to $527M

• Larkspur Health Acquisition LSPR 0.00%↑ files the investor presentation for its merger with ZyVersa Therapeutics

• Merger Vote Set:

  • —> Social Capital Suvretta Holdings Corp. I DNAA 0.00%↑ & Akili Interactive (8/18)

• Perella Weinberg Partners PWP 0.00%↑ announced an exchange offer for its public warrants: 0.20 shares of Class A Common Stock in exchange for each Warrant

  • —> The offer will expire on 8/18

  • —> PWP also is looking to amend the warrant agreement for the company to be able to require that each Warrant (including each Private Placement Warrant) that is outstanding upon the closing of the offer be converted into 0.18 shares of Class A Common Stock (10% less than the offer exchange rate)

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New SPACs (S-1s):

No new S-1s

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De-SPAC S-1s (including PIPE resale registrations*):

S-1/A:

• MSP Recovery MSPR 0.00%↑

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S-4 Activity:

S-4:

• Chardan NexTech Acquisition 2 CNTQ 0.00%↑ & Dragonfly Energy (withdrew previous)

• Data Knights Acquisition Corp. DKDCA 0.00%↑ & OneMedNet

Effective:

• Social Capital Suvretta Holdings Corp. I DNAA 0.00%↑ & Akili Interactive

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Upcoming Dates:

Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions

See the full calendar here.

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SPAC Track Pro Notes:

Please note that a list of all the data points available on the Pro Screener with download eligibility can be found here: spactrack.io/screener-instructions

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Thanks for reading,

SPAC Track

spactrack.io

DISCLAIMER: The information provided in this newsletter is for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. SPAC Track and its parent, CommonFi, do not make any guarantees, representations, or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, or accuracy of any of the information or data provided in this newsletter or on the SPAC Track website.