Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 23, 2022)
The Stats:
Previous Session Movers & Volume Leaders:
The Deals:
1) Adara Acquisition Corp. (ADRA) & Alliance Entertainment
Alliance Entertainment is a premier distributor of music, movies, and consumer electronics. We offer 485,000 unique in stock SKU’s, including over 57,300 unique compact discs, vinyl LP records, DVDs, Blu-rays, and video games. Complementing our vast media catalog, we also stock a full array of related accessories, toys and collectibles. With more than thirty-five years of distribution experience, Alliance Entertainment serves customers of every size, providing a robust suite of services to resellers and retailers worldwide. Our efficient processing and essential seller tools noticeably reduce the costs associated with administrating multiple vendor relationships, while helping omni-channel retailers expand their product selection and fulfillment goals.
Valuation: $48M Pro-forma Equity Value
Updates:
EJF Acquisition Corp. (EJFA) and Pagaya completed their merger and started trading as the new ticker, PGY
Golden Path Acquisition Corporation (GPCO) extended the deadline from 6/24 to 7/24 by depositing $0.033 per public share into trust. The sponsor plans to do this each month for the next 8 months (until 3/24/23), representing an additional $0.267 per share
Gores Guggenheim Inc. (GGPI) shareholders approved the merger with Polestar
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
S-1/A:
Biote (BTMD)
Comera Life Sciences (CMRA)
S-4 Activity:
S-4:
Angel Pond Holdings Corp (POND) & MariaDB
S-4/A:
Duddell Street Acquisition Corp. (DSAC) & FiscalNote (6th amendment)
Silver Crest Acquisition Corporation (SLCR) & Tim Hortons China (6th amendment)
Golden Path Acquisition Corp (GPCO) & MC Hologram (5th amendment)
CHW Acquisition Corp. (CHWA) & Wag Labs
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,