Precap from SPAC Track
The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (April 19, 2022)
The Stats:
Pre-Market Movers
CHWA -1.6%, DWAC -1%, UTAA +1%
Previous Session Movers & Volume Leaders:
The Deals:
1) Bull Horn Holdings Corp. (BHSE) & Coeptis Therapeutics (warrants +16% pre-market)
Coeptis Therapeutics, Inc., along with its wholly owned subsidiary Coeptis Pharmaceuticals, Inc. (together “Coeptis”), is a biopharmaceutical company developing innovative cell therapy platforms for cancer that have the potential to disrupt conventional treatment paradigms and improve patient outcomes. Coeptis’ product portfolio and rights are highlighted by a cell therapy technology (CD38-GEAR-NK) and an in vitro diagnostic (CD38-Diagnostic) targeting CD38-related cancers, which the company is developing with VyGen-Bio and leading medical researchers at the Karolinska Institutet. Coeptis’ business model is designed around maximizing the value of its current product portfolio and rights through in-license agreements, out-license agreements and co-development relationships, as well as entering into strategic partnerships to expand its product rights and offerings, specifically those targeting cancer. Coeptis was founded in 2017 and is headquartered in Wexford, Pa.
Valuation: $175M
PIPE: No PIPE
Updates:
Merger Vote Set:
Gesher I Acquisition Corp. (GIAC) receives a commitment of $10M from Composite Analysis Group to backstop redemptions
This is the 2nd commitment it has received. See: GIAC enters into an amended FPA agreement with M&G Investment Management Limited
New SPACs (S-1s):
No new S-1s
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De-SPAC S-1s (including PIPE resale registrations*):
S-1:
Starry (STRY)
Forge Global (FRGE)
S-1/A:
BigBear.AI (BBAI)
BRC (Black Rifle Coffee) (BRCC)
Effective:
System1 (SST)
S-4 Activity:
S-4/A:
Duddell Street Acquisition Corp. (DSAC) & FiscalNote (3rd amendment)
Apollo Strategic Growth Capital (APSG) & American Express Global Business Travel (3rd amendment)
Effective:
ACE Convergence Acquisition Corp (ACEV) & Tempo Automation
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,