Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 3, 2022)
The Stats:
Pre-Market Movers:
Active Moves: GIIX -5%, BIOT +6.7, DYNS +1.4%
Some De-SPAC Moves: NRXP -12.3%, REE -7.6%
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
News:
Traveloka Nears $200 Million Funding After SPAC Talks (Bloomberg)
Djarum-backed Blibli plans to raise over $500m in imminent Indonesia IPO (DealStreetAsia)
Blibli plans to merge with Tiket.com ahead of IPO
Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M (TechCrunch)
Updates:
Biote (BTMD) released redemption figures from its merger with Haymaker Acquisition Corp III (HYAC)
30,525,729 shares were redeemed or an estimated ~96% of the public SPAC shares
Altitude Acquisition Corp. (ALTU) announced that it plans to adjourn its shareholder meeting to extend its deadline from the original date of 6/7 to 6/10
Biotech Acquisition Company (BIOT) and Blade Therapeutics postponed the shareholder meeting to approve the merger to “a to-be determined later date” after postponing from the original date of 6/1 to 6/3
New SPACs (S-1s):
No new S-1s
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*):
S-1/A:
Comera Life Sciences (CMRA)
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,