Precap from SPAC Track
The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (March 9, 2022)
The Stats:
Pre-Market Movers:
DWAC 2.9%, CFVI 2.5%, GGPI 1.2%
Yesterday’s Movers and Volume Leaders:
The Deals:
No new deals
News:
Games Global in Talks With Tailwind International SPAC
Games Global is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter.
Games Global and Tailwind International Acquisition Corp. (TWNI) have signed a letter of intent regarding a transaction that values the combined entity at more than $3 billion, said one of the people, all of whom requested anonymity discussing private talks. Terms aren’t finalized and it’s possible talks collapse.
A Tailwind representative declined to comment. A spokesperson for Isle of Man-based Games Global didn’t immediately respond to a request for comment.
Founded in 2021, Games Global is led by Chief Executive Officer Walter Bugno, a former International Game Technology Plc executive. The company describes itself as a supplier to the online gaming industry. It offers over 3,000 gaming titles made by more than 50 firms including Gameburger Studios, All41 Studios and Slingshot Studios, its website shows.
Updates:
Spartan Acquisition Corp. III (SPAQ) shareholders approve the merger with Allego. Closing is expected on the week of March 14th with the ticker changing to ALLG after closing
Globis Acquisition Corp. (GLAQ) announces extension of the deadline to 6/15/22
Silver Crest Acquisition Corporation (SLCR) announces a decrease in pre-money equity valuation from $1.69B to $1.4B and announces an up to $94.5M PIPE as well as additional financing
IPOs*:
1) Lakeshore Acquisition II Corp. Announces Pricing of $60 Million Initial Public Offering (LBBB-U)
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
No activity
S-4 Activity:
S-4 filings:
OTR Acquisition Corp. (OTRA) & Comera Life Sciences
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
See the full calendar here.
Notes:
All the Pro data points on the Pro Screener along with which table “view” and export eligibility can be found here: spactrack.io/screener-instructions
Thanks for reading,