Precap from SPAC Track
The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (April 21, 2022)
The Stats:
Pre-Market Movers
ESSC +2.3%, IPOF -1.3%
Previous Session Movers & Volume Leaders:
The Deals:
No new deals
Updates:
Greencity Acquisition Corporation (GRCY) shareholders approved the extension of the deadline from 4/28/22 to 10/28/22
78k shares were redeemed, leaving $41M in the trust
Software Acquisition Group Inc. III (SWAG) and Nogin announce $60M convertible note financing as part of the PIPE, in connection with the upcoming merger (expected to take place Q2) led by funds managed by UBS Asset Management’s Hedge Fund Solutions business, and also including commitments from Tenor Capital Management and Jonathan Huberman, Chief Executive Officer of SWAG III.
New SPACs (S-1s):
1) Global Blockchain Acquisition Corp. (GBBK)
$150M, 1 Warrant, 1 Right (1/10th of a share)
Focus: Blockchain related tech
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De-SPAC S-1s (including PIPE resale registrations*):
No activity
S-4 Activity:
S-4/A:
Globis Acquisition Corp. (GLAQ) & Forafric (2nd amendment)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
See the full calendar here.
SPAC Track Pro Updates:
New Data Points, Filters, and a new table view have been added to the Pro Screener as of 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
Thanks for reading,