Morning Update from SPAC Track
Pre-market recap of the action in the SPAC world for SPAC Track's premium subscribers. (June 22, 2022)
The Stats:
Pre-Market Movers*:
Active Moves (1%+): RICO -1.9% (ex-redemption), DWAC -1.6%
Some De-SPAC Moves (5%+): GROV +7.3%, BOXD +6.8%, CELU +6.6%
ME -5%, DRTS -7.3%, BKSY -7.4%, ADN -7.4%, RDBX -8.2%
*at time of this writing
Previous Session Movers & Volume Leaders:
The Deals:
1) Goldenstone Acquisition Limited (GDST) & Roxe
Roxe is a global payment network that uses blockchain to make money smarter. Roxe's smart payment technology automatically selects the best route for the fastest, least expensive, and most reliable payments for any business or individual anywhere in the world. The company unifies fragmented global payment systems so that payment and remittance companies, banks, central banks, and consumers can get the speed and cost savings benefits of blockchain technology without directly transacting with cryptocurrencies. Roxe also removes barriers of time, geography, and currency so that financial value moves with unprecedented speed across the globe. Powered by Roxe Chain, a hybrid blockchain purpose-built for payments and other value transfer applications, Roxe also empowers its partners to offer their end customers ultra-fast remittance and payments products. Roxe is designed to be the fundamental component of the global payments industry and is compatible with any traditional and digital financial system.
Valuation: $3.6B Pro-forma Enterprise Value
Investor Presentation pending
News:
Better.com [merging with AURC] loses three more senior executives, including SVP and VP of sales (TechCrunch)
Updates:
Ackrell SPAC Partners I Co. (ACKIT) shareholders approved the deadline extension from 6/23 to 9/23
8,645,776 shares were redeemed or an estimated ~63% of the public SPAC shares
Merger vote set: B. Riley Principal 150 Merger Corp. (BRPM) & FaZe Clan (7/15)
New SPACs (S-1s):
1) Ocean Capital Acquisition Corporation (Ticker N/A)
$60M, 1/2 Warrant, 1 Right (1/10th of a share)
Registration Withdrawals:
Lamar Partnering Corp (LPC)
Lionheart IV Corp (LHIV)
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De-SPAC S-1s (including PIPE resale registrations*):
S-1:
Global Business Travel Group (GBTG)
S-1/A:
Prenetics (PRE)
S-4 Activity:
S-4:
Kensington Capital Acquisition Corp. IV (KCAC) & Amprius Technologies
Effective:
B. Riley Principal 150 Merger Corp. (BRPM) & FaZe Clan
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,