Precap from SPAC Track

The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (May 13, 2022)

The Stats:

Pre-Market Movers:

OTRA +6.3%, DWAC +5.2%, ARTA +2.8%, CFVI +2%

Previous Session Movers & Volume Leaders:

SPAC Track (spactrack.io) @SPACtrack

#SPACVolume Leaders (05/12/22) $GGPI 2.6M $IPOF 2.3M $RBAC 1.9M $CFVI 1.7M $ASZ 1.7M $EPHY 1.7M $DWAC 1.7M $KVSC 1.6M $ACTD 1.6M $FPAC 1.5M

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Earnings*:

Yesterday After-Close:

$INDI $NVTS $JOBY $RKLY $AVPT $BLBD $UP $PAYO

This Morning:

$HIPO $ZEV $HUMA $VLTA $BTTX $LLAP $EQRX $CDRO

*De-SPACs completed 2019- per Earnings Whispers

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The Deals:

No new deals

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News:

• How a Digital Token Designed to be Stable Fueled a Crypto Crash (Barron’s) >> [references: Concord Acquisition Corp (CND) & Circle]

• SmartRent’s (SMRT) losses widen as supply-chain crisis lingers (TheRealDeal)

• WeWork (WE) narrows quarterly losses as workers make slow return

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Updates:

• Merger vote set: Globis Acquisition Corp. (GLAQ) & Forafric (6/7)

• OTR Acquisition Corp. (OTRA) shareholders approved the merger with Comera Life Sciences

  • 10.3M shares were redeemed or an estimated ~97% of the public SPAC shares

• ShiftPixy, Inc. (PIXY) announced a special distribution to ShiftPixy shareholders in the form of shares of common stock of Industrial Human Capital, Inc. (AXH). PIXY shareholders will receive pro rata share of AXH common stock equal in proportion to their percentage holdings of ShiftPixy common stock

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IPOs*:

• Prime Number Acquisition I Corp. Announces Pricing of $60 Million Initial Public Offering (PNAC-U)

*announced pricing as of this writing

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New SPACs (S-1s):

No new S-1s

Registration Withdrawals:

Excelsa Acquisition Corp. (XLSA)

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De-SPAC S-1s (including PIPE resale registrations*):

S-1:

• NuScale Power (SMR)

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S-4 Activity:

S-4:

• Tiga Acquisition Corp. (TINV) & Grindr

S-4/A:

• ArcLight Clean Transition Corp. II (ACTD) & OPAL Fuels (4th amendment)

• Social Capital Suvretta Holdings Corp. I (DNAA) & Akili Interactive (2nd amendment)

• Venus Acquisition Corporation (VENA) & VIYI Algorithm (6th amendment)

• Founder SPAC (FOUN) & Rubicon Technologies (2nd amendment)

• Tuatara Capital Acquisition Corporation (TCAC) & SpringBig (5th amendment)

• L&F Acquisition Corp. (LNFA) & ZeroFox (2nd amendment)

• CF Acquisition Corp. VI (CFVI) & Rumble (1st amendment)

Effective:

• Globis Acquisition Corp. (GLAQ) & Forafric

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Upcoming Dates:

Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions

See the full calendar here.

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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

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Thanks for reading,

SPAC Track

spactrack.io

DISCLAIMER: The information provided in this newsletter is for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. SPAC Track and its parent, CommonFi, do not make any guarantees, representations, or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, or accuracy of any of the information or data provided in this newsletter or on the SPAC Track website.