Precap from SPAC Track
The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (March 3, 2022)
The Stats:
Pre-Market Movers:
SPAQ -4.9%, DWAC +1.9%, PAQC +1.6%
Yesterday’s Movers and Volume Leaders:
Volume Leaders
DWAC 8.9M, GGPI 1.9M, MOTV 1.7M, CFVI 1.5M, FWAC 1.2M, LGV 0.9M, IPOF 0.9M, ALTU 0.9M, KNSW-U 0.8M, FMAC 0.7M
The Deals:
1) Provident Acquisition Corp. (PAQC) & Perfect Corp.
Merger Partner Description:
Founded in 2015, Perfect is a global leader in providing AR and AI SaaS solutions to beauty and fashion industries. Utilizing facial 3D modeling, and AI deep learning technologies, Perfect empowers beauty brands with product try-on, facial diagnostics, and digital consultation solutions to provide consumers with an enjoyable, personalized, and convenient omnichannel shopping experience. Today, Perfect has the leading market share in helping the world’s top beauty brands execute digital transformation, improve customer engagement, increase purchase conversion, and drive sales growth while maintaining environmental sustainability and fulfilling social responsibilities.
Valuation: $1.02B EV
News
GM sells its stake in troubled electric pickup maker Lordstown Motors (Engadget)
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
S-1/A filings:
Anghami (ANGH)
S-4 Activity:
S-4 filings:
SPK Acquisition Corp. (SPK) & Varian Biopharmaceuticals
S-4/A filings:
Poema Global Holdings Corp. & Gogoro (PPGH) & (3rd amendment)
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,