Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 29, 2022)
The Stats:
Pre-Market Movers*:
Active Moves (1%+): DWAC +1.9%, DNAC -3.7%
Some De-SPAC Moves (5%+): WEJO -9.7%, EVEX -8.2%
MSPR +7.1%, SMFR +6.1%, BRDS +5.8%, VLD +5.8%
*at time of this writing
Previous Session Movers & Volume Leaders:
The Deals:
1) American Acquisition Opportunity Inc. (AMAO) & Royalty Management Corporation
Royalty Management Corporation is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a sustainable market environment. The model is to acquire and structure cashflow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future.
$111M Pro-forma Enterprise Value
News:
With SPAC merger [with Vickers Vantage Corp. I (VCKA)] looming, Scilex sues Apotex to block generic copy of key pain patch (Fierce Pharma)
Updates:
Agrico Acquisition Corporation (RICO) completed its merger with Kalera and will being trading as KAL starting today, 6/29
Tuscan Holdings Corp. II (THCA) deposited $0.10 per public share to the trust for the first 3 months of their 6 month extension
Northern Lights Acquisition Corp. (NLIT) shareholders approved its merger with Safe Harbor Financial
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
S-1:
Senti Biosciences (SNTI)
S-1/A:
S-4 Activity:
S-4:
Lakeshore Acquisition I Corp. (LAAA) & ProSomnus
S-4/A:
CC Neuberger Principal Holdings II (PRPB) & Getty Images (5th 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,