Sponsors take a weeklong break from deals to ape into NFTs (I presume)
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (September 2, 2021)
Discover and track all of the SPACs at spactrack.net.
This week we have had only 1 deal announcement: Petra Acquisition, Inc. (PAIC: $10.05) & Revelation Biosciences (announced on 8/30). The last week with only 1 SPAC deal announcement was the short New Years’ week of 12/28 last year.
We’ll see if sponsors take a break from buying Lazy Lions and Bored Apes NFTs to announce any deals tomorrow.
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No deals today.
Quick News Corner:
Chardan Healthcare Acquisition 2 Corp (CHAQ: $8.41) completed its merger with Renovacor
Ticker change to RCOR is set for tomorrow, 9/3
Renovacor received ~$95.1M in gross proceeds after 2,112,100 shares were redeemed (~25%)
Genesis Park Acquisition Corp. (GNPK: $10.50) completed its merger with Redwire
Ticker change to RDW is set for tomorrow, 9/3
Tracking De-SPAC S-1s (PIPE Registrations):
Hippo’s (HIPO: $4.39 -14.76%) S-1 went effective today
Sunlight Financial (SUNL: $5.69) filed an S-1/A after hours
Berkshire Grey (BGRY: $8.62) filed a 424B3 after hours (likely set to go effective tomorrow)
Taboola (TBLA: $9.29) filed a 424B3 after hours (likely set to go effective tomorrow)
IPOs to Begin Trading Tomorrow:
1) Oxus Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering (OXUS-U)
*Priced at the time of this writing
1) Crixus BH3 Acquisition Corp. (BHAC)
$200M, 1/2 warrant
Focus: Real Estate
2) Gesher I Acquisition Corp. (GIAC)
$100M, 1/2 warrant
Focus: Israeli companies
This Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
Fri, Sep 3
Merger Meeting: Sustainable Opportunities Acquisition Corp (SOAC: $9.94) & DeepGreen Metals
Thanks for reading,