Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 7, 2022)
The Stats:
Pre-Market Movers:
Active Moves (1%+): DWAC -1%, DYNS +10.1%
Some De-SPAC Moves (5%+): BOXD -7.4%, BZFD +21.5%, HLBZ +18.5%, FRGE +5.5%
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
News:
Hippo (HIPO) board replaces CEO Wand after stock price drops 80% (Globes)
Updates:
Global Consumer Acquisition Corp. (GACQ) announces it will extend its deadline from 6/11 to 9/11 by depositing ~$1.8M into trust
New SPACs (S-1s):
1) Qomolangma Acquisition Corp. (Ticker n/a)
$50M, 1 Warrant, 1 Right (1/10th of a share)
Focus: Asia
UW: Ladenburg Thalmann
If you find this newsletter useful, feel free to share it with a friend (the free version of the newsletter) and suggest they subscribe:
De-SPAC S-1s (including PIPE resale registrations*):
Effective:
Allego (ALLG)
LumiraDx (LMDX)
S-4 Activity:
S-4/A:
CHW Acquisition Corp (CHWA) & Wag Labs (2nd amendment)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
See the full calendar here.
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
Thanks for reading,