Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 30, 2022)
The Stats:
Pre-Market Movers*:
Active Moves (1%+): DWAC -3.6%, DNAC -4.6%, TRON +4.9%
Some De-SPAC Moves (10%+): KERN -50.6%, ENJY -27.9%, HYPR -18.5%
REVB +122%, SYM +11.4%
*at time of this writing
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
News:
Bird (BRDS — trading at $0.43) CEO Travis VanderZanden steps down as president (TechCrunch)
4D pharma (LBPS), which has been placed into administration under English law after being unable to repay loans from its creditors, is set to be delisted from Nasdaq on 7/7
Updates:
Far Peak Acquisition Corporation (FPAC) & Bullish announce they have extended the outside date from 7/8 to 12/31 with Bullish having paid a $2.5M extension fee to FPAC to be used for working capital
FPAC also noted in its amended F-4 that the deal will move forward without the $300M PIPE as the PIPE subscription agreements expire on 7/8
26 Capital Acquisition Corp. (ADER) and Okada Manila amend the merger agreement to extend the outside date to 10/1
Kalera released redemption numbers for its merger with Agrico Acquisition Corp. (RICO):
~14.3M shares were redeemed or an estimated ~98% of the public SPAC shares
Global Consumer Acquisition Corp. (GACQ) amends its merger agreements with Luminex and with GP Global, to extend the outside dates to 8/15 and 9/11 respectively
Model Performance Acquisition Corp. (MPAC) announced that it has deposited $0.10 per share into trust to extend its deadline from 7/12 to 10/12
The extension was funded by MPAC’s merger partner, MultiMetaVerse— which agreed to loan MPAC $2.75M
Brookline Capital Acquisition Corp. (BCAC) deposited $0.033 per public share into the trust to extend its deadline by 1 month to 8/2
BCAC can extend on a monthly basis to 11/2
Vivid Seats (SEAT) Announces Expiration and Results of Exchange Offer and Consent Solicitation Relating to its Public Warrants
New SPACs (S-1s):
No new S-1s
Registration Withdrawals:
Switchback III Corp (SWBT)
Spartan Acquisition Corp. IV (SRTN)
Resources Acquisition Corp. (RAF)
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De-SPAC S-1s (including PIPE resale registrations*):
S-1:
Symbotic (SYM)
S-4 Activity:
S-4/A:
Software Acquisition Group Inc. III (SWAG) & Nogin (2nd amendment)
Far Peak Acquisition Corporation (FPAC) & Bullish (7th amendment)
Iron Spark I Inc. (ISAA) & Hypebeast (1st 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,