Nightcap: Ready your breakfast and eat hardy on Monday morning, for next week we have 10 merger meetings
Nightly recap of the day's SPAC highlights (July 16, 2021)
Good evening,
Thanks for reading the “Nightcap”, a nightly recap of the highlights in the SPAC world. You can always discover and track all of the SPACs at spactrack.net.
The Weekly Stats:
The Stats:
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The Deals:
1) Altimar Acquisition Corp. II (ATMR: $9.86) & Fathom Digital Manufacturing Corporation
Fathom Digital Manufacturing Corporation, an On-Demand Manufacturing Leader, to Go Public Through a Business Combination with Altimar Acquisition Corp. II (Press Release)
Merger Partner Description:
Fathom is one of the largest on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs of the largest and most innovative companies in the world. With more than 25 unique manufacturing processes and a national footprint with nearly 450,000 square feet of manufacturing capacity across 12 facilities, Fathom seamlessly blends in-house capabilities across plastic and metal additive technologies, CNC machining, injection molding & tooling, sheet metal fabrication, and design and engineering.
Valuation: $1.49B Pro-forma EV
PIPE: $80M
Fathom Investor Presentation
Quick News Corner:
Stable Road Acquisition Corp. (SRAC: $10.49) provided the option to PIPE investors to terminate their subscription agreements due to the SEC order. SRAC announced the PIPE is reduced from $175M to $110M, and the PIPE investors will be issued 1 warrant per share
FG New America Acquisition Corp. (FGNA: $11.20) shareholders approve the merger with OppFi
Decarbonization Plus Acquisition Corporation (DCRB: $10.33) completes its merger with Hyzon Motors. Set to trade as HYZN starting Monday.
Empower Ltd. (EMPW: $9.80) completes its merger with Holley. Set to trade as HLLY starting Monday.
New S-1s (2)
1) Aquarius II Acquisition Corp. (AQUB)
$50M, 1/2 Warrant
Directors
Chunning Wang (CEO of Lion Group Holding)
2) Golden Ventures Acquisition Corp (GVAC)
$100M, 1/2 warrant
Focus: Commodities, including those related to the energy transition
Upcoming Dates:
Next Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
Monday, July 19th
Merger Meeting: Andina Acquisition Corp III (ANDA: $9.45) & Stryve
Unit Split: OceanTech Acquisitions I Corp. (OTEC-U: $10.16)
Arrival (ARVL: $13.51) Redemption of Public Warrants
Tuesday, July 20th
Merger Meetings:
Gores Holdings VI, Inc. (GHVI: $13.44) & Matterport
Tailwind Acquisition Corp. (TWND: $9.31) & QOMPLX
Ascendant Digital Acquisition (ACND: $9.13) & MarketWise
Property Solutions Acquisition (PSAC: $13.26) & Faraday Future
Revolution Acceleration Acquisition Corp (RAAC: $9.00) & Berkshire Grey
Wednesday, July 21st
Merger Meetings:
Tuscan Holdings Corp (THCB: $11.17) &Microvast
CM Life Sciences, Inc. (CMLF: $11.39) & Sema4
10X Capital Venture Acquisition Corp (VCVC: $9.71) & REE Automotive
Thursday, July 22nd
Merger Meeting: Churchill Capital Corp IV (CCIV: $22.79) & Lucid Motors
Unit Split: Lakeshore Acquisition I Corp. (LAAA-U: $10.22)
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