The Nightcap by SPAC Track
Nightly recap of all the day's SPAC highlights
February 1st, 2021
Good evening,
Thank you for stopping by to read the first edition of “The Nightcap”, a (soon to be) nightly recap of all the day’s highlights in the SPAC world. In this newsletter, you will find a breakdown of the day’s deals, “in talks” reports, and noteworthy new SPAC S-1 filings.
Of course, you can always discover and track all of the SPACs at spactrack.net.
The Nightcap
What a wild day to start this off! Today’s 7 deal bonanza of a SPAC Merger Monday put last week’s 5 deal Merger Monday to shame.
As a recap from last Monday, Jan 25th:
$TSIA & Latch, $IACA & Taboola, $LCY & Hillman Group, $WPF & Alight, $SPRQ & Sunlight.
See the recap below from this morning:
Let’s start with the stats before we jump into the deals…
The SPAC Market Stats:
Volume Leaders:
Top Gainers:
Top Losers:
The Deals:
1) Tuscan Holdings Corp (THCB) & Microvast, an EV Battery developer
$3B Pro-forma equity value
$540M PIPE including investments from Oshkosh Corporation, funds and accounts managed by BlackRock, Koch Strategic Platforms and InterPrivate
2) Aspirational Consumer Lifestyle Corp (ASPL) & WheelsUp, a private aviation platform
$2.1B EV
$550M PIPE
3) Software Acquisition Group Inc. II (SAII) & Otonomo, an Israeli platform and marketplace for vehicle data.
$1.4B EV
$172M PIPE
4) Kismet Acquisition Corp (KSMT) & Nexters Global, a mobile and social game developer (flagship game is Hero Wars).
$1.9B EV
5) FAST Acquisition Corp (FST) & Fertitta Entertainment, the parent company of Golden Nugget/Landry's.
$6.6B EV
$1.2B PIPE
6) Leisure Acquisition Corp. (LACQ) & Ensysce Biosciences, a clinical-stage biopharma company working on prescription medicines that prevent drug abuse and overdoses.
$207M EV
7) The Bonus After Hours Deal:
Acies Acquisition Corp (ACAC) & PLAYSTUDIOS an online gambling-themed game developer backed by MGM Resorts International
$1.1B EV
$250M PIPE
New “In Talks” Reports:
(Reports from reputable publications on “talks” with a prospective merger partner):
No “in talks” reports today as of this writing.
Here is a list of the reports from this past week:
Below is the link to the full list of all the reports of SPACs "In Talks" along with status, article links, post-report returns, and some stats.
“SPACTrack.net - SPACs "In Talks" (or "Rumors") Report Tracker”
Notable New SPAC S-1 filings:
1) CM Life Sciences II (Ticker not available)
$200M, 1/3 warrant
Focused on Life Sciences
The previous SPAC, CM Life Sciences (CMLF), which priced its offering in September of last year has not announced a deal yet.
Chairman:
Keith Meister (Founder of Corvex Management; Former CEO of Icahn Enterprises; Director at MGM; Former Director at Yum! Brands, and Motorola)
2) New Vista Acquisition Corp (NVSA)
$200M, 1/2 warrant
Focused on Aviation, Aerospace, Defense
Chairman:
Dennis Muilenburg (Former CEO of Boeing from 2015-2019)
Directors:
Marion Blakey (Former CEO of Rolls-Royce North America; Former Administrator of the FAA)
General Stephen Wilson, Ret. (Retired 4-star US Air Force General)
Advisors:
Lieut. Gen. Herbert Raymond McMaster, Ret. (Retired US Army Lieutenant General; Former US National Security Advisor to President Trump)
Gen. Maryanne Miller, Ret. (Retired 4-star US Air Force General)
Dr. John Tracy (Former CTO of Boeing)
Paul Eremenko (CEO, Universal Hydrogen)
Gur Kimchi (Co-founded Amazon’s Prime Air delivery-by-drone project)
SPACs Leaving the Nest:
Novus Capital Corp ($NOVS) announced the completion of its business combination with AppHarvest. The post-merger company, AppHarvest Inc., began trading today on the NASDAQ as $APPH.
Visuals are tight:
In honor of Gores, one of the most serial of the serial SPAC sponsors, filing S-1’s for the 7th and 8th Gores Group SPACs (GSEV & GIIX respectively), below are all the completed Gores’ SPACs for you.
That concludes the first edition of The Nightcap by SPAC Track! This will become a nightly newsletter published every weeknight as soon as next month. For now, it will be a Merger Monday special!
See you next Monday.
Thanks,