Super Serial
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (December 15, 2021)
Quite a bit of serial sponsor activity today, which has been sparse as of late. Two serial SPAC sponsor IPOs: Cantor (CF VII) and Betsy Cohen (FTAC Emerald). Also, Sloan and Sagansky filed an S-1 for the next installment of the Eagle series: Screaming Eagle.
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The Stats:
The Deals:
No deals today.
Merger Votes/ Completions:
Isos Acquisition Corp (ISOS) completed its merger with Bowlero. Will trade as BOWL starting tomorrow
Investindustrial Acquisition Corp. (IIAC) shareholders approved its merger with Ermenegildo Zegna Group
Closing is expected to be on 12/17, with the ticker change to ZGN on 12/20
23.4M shares were redeemed (an estimated ~58% of the public shares)
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Tracking De-SPAC S-1s (including PIPE resale registrations*):
S-1/A filings:
DocGo (DCGO: $8.16 +0.25%)
424B3 filings (S-1 likely to go effective tomorrow):
Bakkt (BKKT: $13.76 +1.70%)
*When applicable
Quick News:
Matterport (MTTR) announces redemption of public warrants with a deadline of 1/14
Aspiration Secures $315M of Incremental Equity from Oaktree and Affiliates of Steve Ballmer in Advance of Closing Business Combination with InterPrivate III Financial Partners Inc. (IPVF) (including $15M additional PIPE investment)
IPOs to begin trading tomorrow*:
1) CF Acquisition Corp. VII Announces Pricing of $175 Million Initial Public Offering (CFFS-U)
2) FTAC Emerald Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering (EMLD-U)
3) Spree Acquisition Corp. 1 Limited Announces Pricing of $175 Million Initial Public Offering (SHAP-U)
*Priced as of this writing
New S-1s (1):
1) Screaming Eagle Acquisition Corp. (SCRM)
$750M, 1/3 Warrant
Management:
Harry Sloan (Former Chairman & CEO of MGM, Vice Chairman of DraftKings, Director of Ginkgo Bioworks and Skillz)
Directors:
Jeff Sagansky (Former Vice Chairman & CEO of PAX, Former President of CBS Entertainment)
Paul Buccieri (President & Chairman of the A+E Networks Group)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes
See the full calendar here.
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