Precap from SPAC Track

The Precap newsletter: SPAC Track’s morning recap of the action in the SPAC world for premium subscribers. (April 5, 2022)

The Stats:

Pre-Market Movers:

DWAC -4.6%, THCA +2.9%, KLAQ +1.7%, RVAC +1.2%, SV +1.3%

Previous Session Movers & Volume Leaders:

SPAC Track @SPACtrack

#SPACVolume Leaders (4/4/22) $GGPI 21.4M (+11.9%) $PPGH 5.9M (+23.7%) $ISAA 5.4M (Deal with HYPEBEAST, no warrants) $DWAC 4.8M (-10%) $RVAC 4.6M (Deal with Westrock Coffee, warrants +20%) $IXAQ 3.2M $FMIV 2.6M $IPOF 2.6M $GIA 1.4M $CFVI 1.1M

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The Deals:

No new deals

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News:

• Trump-Tied Social Media SPAC Slides After Key Executives Quit (Bloomberg)

• Citi to Pause New SPAC Issuance as SEC Signals Crackdown (Bloomberg)

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Updates:

• MDH Acquisition Corp. (MDH) and Olive Ventures Holdings, Inc. mutually agree to terminate merger

• Poema Global Holdings Corp. (PPGH) completed its merger with Gogoro and will begin trading under the new ticker: GGR today

  • 29.5M shares were redeemed or an estimated ~86% of the public SPAC shares

• Ventoux CCM Acquisition Corp. (VTAQ) extends the deadline from 3/30/22 to 6/30/22 by adding $0.10 per share to trust

• NuScale [merging with Spring Valley Acquisition Corp. (SV)] announces Japan Bank for International Cooperation has invested $110M in NuScale via a purchase of equity from existing investor, Fluor. Fluor continues to be the majority owner in NuScale

• Scilex [merging with Vickers Vantage Corp I (VCKA)] announces it has entered into a Non-Binding term sheet for $5B committed equity financing facility with B. Riley Principal Capital to be effective upon closing of the merger

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New SPACs (S-1s):

No new S-1s

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

S-1:

• Quanergy Systems (QNGY)

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S-4 Activity:

S-4/ F-4:

• Thunder Bridge Capital Partners IV, Inc. (THCP) & Coincheck (Confidential filing)

S-4/A:

• Social Capital Suvretta Holdings Corp. I (DNAA) & Akili Interactive (1st amendment)

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Upcoming Dates:

Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions

See the full calendar here.

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Notes:

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.