Precap from SPAC Track

The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (May 2, 2022)

The Stats:

Pre-Market Movers

DWAC -3.8%, ACEV -2.1%, CFVI -1%

Previous Session Movers & Volume Leaders:

SPAC Track @SPACtrack

#SPACVolume Leaders (4/29/22) $DWAC 6.2M (9%) $ENTF 2.6M $CNGL 1.9M $GGPI 1.7M $CFVI 1.7M (+6.4%) $LCAA 1.7M $PSTH 1.6M $HWKZ 1.3M $IPOF 1M $WAVC 1M De-SPAC Movers: $GTYH +115% $RDBX +69% $ATNF +23% $BIOX +22% $FRGE +16% $SWVL -15% $CRXT -16%

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The Deals:

No new deals

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News:

• Facebook Billionaire Eduardo Saverin’s B Capital Abandons SPAC Plans Amid Market Volatility (Forbes)

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Updates:

• SAI.TECH Global Corporation (SAI) announces closing of the merger with TradeUP Global Corporation (TUGC) and will begin trading as SAI today, 5/2

• Ignyte Acquisition Corp. (IGNY) & Peak Bio file the investor presentation for the deal

• Tuatara Capital Acquisition Corporation (TCAC) and SpringBig announce amendments to the merger agreement as well as additional committed capital, including among other things:

  • valuation reduced by 8% to $275M

  • bonus pool of up to 1M shares of TCAC common stock for non-redeeming public stockholders

  • Up to $16M in convertible notes, and up to $50M in committed equity financing from Cantor

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New SPACs (S-1s):

1) Bellevue Life Sciences Acquisition Corp. (BLAC)

• $60M, 1 Warrant

• Focus: Biotech

Registration Withdrawals

• Space Acquisition Corp. I (OUTR)

• Victory Acquisition Corp. (VACI)

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

S-1/A:

• Satellogic (SATL) (F-1/A)

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S-4 Activity:

S-4/A:

• Lionheart Acquisition Corp. II (LCAP) & (7th amendment)

• B. Riley Principal 150 Merger Corp. (BRPM) & FaZe Clan (3rd amendment)

• Gores Holdings VIII, Inc. (GIIX) & Footprint (1st amendment)

• Oaktree Acquisition Corp. II (OACB) & Alvotech (5th 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 Updates:

New Data Points and Filters have been added to the Pro Screener as of 4/26:

New Data Points: Estimated $ Discount/premium to trust value per share, Estimated % Disc/prem to trust value per share

New Filters: Deadline approaching within 1-4 months

**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.