Precap from SPAC Track
The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (April 14, 2022)
Good morning,
Another very slow day in M&A news… SPAC M&A news, that is!
SPAC Track Pro Updates:
New Data Points, Filters, and a new table view have been added to the Pro Screener as of today, 4/14:
Votes / Actions View
A downloadable table view to quickly access upcoming vote details, trust per share details, disc/prem to trust, & other relevant data points
New Data Points
Disc/prem to trust (Votes/Action View) and Merger Partner Geography (Deal Details View)
New Filters
Warrant Coverage, Upcoming Vote (definitive merger or extension vote scheduled), Merger Partner Geography
**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
The Stats:
Pre-Market Movers:
DWAC -4.7%, UTAA +1.8%
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
News
Activist investors are hunting targets in the SPAC market, but battles won’t be easy to win (CNBC)
BlackRock’s Newest Investment Paves The Way For Digital Assets On Wall Street (Forbes)
NASDAQ Grants View, Inc. (VIEW) Stay of Delisting through End of May 2022, Consistent with View’s Expected Timeline to Become Current with Filings
Updates:
Alberton Acquisition Corp. (ALAC) was notified by its merger partner, SolarMax Technology, that it intends to terminate the merger “because it reasonably believed that the proposed merger (the “Merger”) between the Company and SolarMax would not be completed by April 26, 2022”
Nasdaq granted an extension to ALAC to keep the SPAC’s securities listed until 4/26, unless the merger is completed by that date
ALAC advised:
As of April 13, 2022, the registration statement on Form S-4with a proxy statement containing information about the Merger was not declared effective by the U.S. Securities and Exchange Commission (the “Commission”). If the Company cannot commence mailing of a definitive proxy statement on April 14, 2022, the Company will not be able to consummate the Merger by April 26, 2022 and will be forced to dissolve and liquidate.
Bowlero Corp. (BOWL) Announces Redemption of All Outstanding Warrants
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
S-1/A:
System1 (SST)
S-4 Activity:
S-4/A:
Alpha Capital Acquisition Co (ASPC) & Semantix (1st amendment)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
See the full calendar here.
Thanks for reading,