Precap from SPAC Track

The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (May 20, 2022)

The Stats:

Pre-Market Movers:

LCAP -8%, DWAC +1.8%

Previous Session Movers & Volume Leaders:

SPAC Track (spactrack.io) @SPACtrack

#SPACVolume Leaders (05/19/22) $ASZ 3.7M $GGPI 3.4M $IPOF 2.5M $CVII 1.9M $APSG 1.9M $FLAG 1.8M $EJFA 1.6M $ZING 1.6M $AMPI 1.5M $BLEU 1.5M

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The Deals:

No new deals

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News:

• Singapore’s Grab (GRAB) cuts losses as region lifts pandemic restrictions (FT)

• Amid a push to bulk up in Latin America, Procaps (PROC) buys Mexican drugmaker Grupo Somar (Fierce Biotech)

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Updates:

• Bowlero Corp. (BOWL) Completes Redemption of All Outstanding Warrants and Provides an Update on its Share Repurchase Program

• Lionheart Acquisition Corporation III (LCAP), which previously announced shareholders approved its merger with MSP Recovery, announces:

  • Cantor Fitzgerald purchased ~1.13M shares outside of the redemption process in connection with the merger

  • the post-merger company “expects to have 2,312,257 Shares held by non-affiliates and 8,712,257 total Shares outstanding”

• Nukkleus [merging with Brilliant Acquisition Corporation (BRLI)] entered into a stock purchase agreement with White Lion Capital Partners of up to $75M

• Babylon Holdings Limited (BBLN) Announces Commencement of Exchange Offer and Consent Solicitation Relating to Warrants

• OTR Acquisition Corp. (OTRA) completed its merger with Comera Life Sciences and will begin trading as CMRA today

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New SPACs (S-1s):

No new S-1s

Registration Withdrawals:

• Galliot Acquisition Corp. (TWCG) — registration abandoned

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

S-1/A:

• BigBear.AI (BBAI)

• Forge Global (FRGE)

• Allego (ALLG)

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S-4 Activity:

S-4/A:

• EJF Acquisition Corp. (EJFA) & Pagaya Technologies (2nd amendment)

• Global SPAC Partners Co. (GLSPT) & Gorilla Technology Group (3rd amendment)

• ITHAX Acquisition Corp. (ITHX) & Mondee (2nd amendment)

• Alpha Capital Acquisition Co (ASPC) & Semantix (2nd amendment)

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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.