Precap from SPAC Track
The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (April 7, 2022)
The Stats:
Pre-Market Movers:
AMAO +1%, THCA -1.5%
Previous Session Movers & Volume Leaders:
The Deals:
Late morning deal yesterday:
1) Pacifico Acquisition Corp. (PAFO) & Caravelle Group (rights +130%)
Caravelle Group Co., Ltd is a world-leading ocean technology firm providing a carbon-neutral solutions to the traditional timber and shipping industries. Boasting a seasoned, entrepreneurial team with extensive experience in the international shipping and timber industry, Caravelle will transform ocean-based shipping with its integration of its traditional shipping services and the newly launched CO-Tech business
Valuation: $527M EV
PIPE: Anticipated $60M PIPE
News:
Data-Center Operator Cyxtera Exploring a Sale Among Strategic Options (Bloomberg)
Cyxtera Technologies Inc. (CYXT), the data-center operator that merged last year with blank-check firm Starboard Value Acquisition Corp., is exploring strategic options including a sale, according to people with knowledge of the matter.
Cyxtera is working with advisers as it mulls alternatives, said the people, requesting anonymity discussing private talks.
A Cyxtera representative didn’t immediately respond to a request for comment.
The Coral Gables, Florida-based company, led by Chairman Manny Medina and Chief Executive Officer Nelson Fonseca, has a market value of about $2.2 billion. It operates 61 data centers across the world in cities including Boston, Chicago, London and Singapore, its website shows.
IPOs*:
1) Denali Capital Acquisition Corp. Announces Pricing of $75 Million Initial Public Offering (DECA-U)
*priced as of this writing
New SPACs (S-1s):
No new S-1s
Registration Withdrawals
Spinning Eagle Acquisition Corp. (SPNG)
Think Elevation Capital Growth Opportunities (TEGA)
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De-SPAC S-1s (including PIPE resale registrations*):
No activity
S-4 Activity:
S-4 / F-4:
EJF Acquisition Corp. (EJFA) & Pagaya Technologies
S-4/A:
OTR Acquisition Corp. (OTRA) & Comera Life Sciences (2nd amendment)
Artisan Acquisition Corp. (ARTA) & Prenetics (9th amendment)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
See the full calendar here.
Notes:
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,