Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 2, 2022)
The Stats:
Pre-Market Movers:
Active Moves: GLAQ -3.7%, BIOT +7.7%, SVFC +2.5%
Some De-SPAC Moves: RGTI -12.7%, FSRD -7.3%, PGRU -7.3%, CRXT -5%, KIND +7.5%
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
News:
Binance is 'reviewing all possible options' for Forbes investment after scrapped SPAC (The Block)
Crypto SPAC deals take a long time under SEC review (Axios)
Updates:
8i Acquisition 2 Corp. (LAX) amended the merger agreement “to extend the time for LAX to complete its financial, operational and legal due diligence review of EUDA Health from May 31, 2022 to June 15, 2022”
Blue Safari Group Acquisition Corp. (BSGA) deposited $0.10 into the trust per public share ito extend its deadline from 6/14 to 9/14
New SPACs (S-1s):
1) Mobiv Acquisition Corp (MOBV)
$100M, 1/2 Warrant
Electric Vehicles and Urban Mobility
Registration Withdrawals:
BharCap Acquisition Corp. — registration abandoned
Mindset Growth Opportunities I Corp. (MSVA)
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De-SPAC S-1s (including PIPE resale registrations*):
S-1/A:
Rigetti Computing (RGTI)
Terran Orbital (LLAP)
Effective:
Rigetti Computing (RGTI)
PropertyGuru (PGRU)
S-4 Activity:
No activity
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,