Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 6, 2022)
The Stats:
Pre-Market Movers:
Active Moves: DWAC -1.2%, DYNS +4%, CFVI +1%
Some De-SPAC Moves: DAVE +7.5%, CORZ +7.2%, EOSE +5%, SST -6.3%
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
Updates:
SVF Investment Corp. 3 (SVFC) shareholders approved the merger with Symbotic
27.5M shares were redeemed or an estimated ~86% of the public SPAC shares
Concord Acquisition Corp (CND) announced it will extend its deadline from 6/10 to 12/10 by adding $0.10 per public share into trust
EdtechX Holdings Acquisition Corp. II (EDTX) shareholders approved the extension of its deadline from 6/15 to 12/15
~9.2M shares were redeemed or an estimated ~79% of the public SPAC shares
Oaktree Acquisition Corp. II (OACB) announced that, assuming satisfaction of closing conditions, the merger with Alvotech will close on 6/15 with the NYSE delisting and relisting on Nasdaq under the new ticker, ALVO, on 6/16
Merger vote set: 26 Capital Acquisition Corp (ADER) & Okada Manila (6/28)
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
S-1/A:
Fast Radius (FSRD)
Starry (STRY)
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,