The largest SPAC ever has been liquidated.
PSTH liquidates and mass abandonment in this edition of the Morning Recap, the pre-market recap for SPAC Track Pro subscribers.
Good Morning,
The largest SPAC ever has been liquidated. Pershing Square Tontine Holdings raised $4B in its July 2020 IPO and now - 2 years later, the SPAC has officially been laid to rest: PSTH was delisted yesterday.
Also, 5 SPAC registrations were marked abandoned by the SEC yesterday (9 months of the registration statement on file without effectiveness + failing to respond to the SEC). The backlog still remains quite substantial — 170 SPACs still have registrations on file to go public. Though, that number will surely continue to dwindle.
We hope you find the updated newsletter format helpful - the goal is for our Pro users to be able to quickly grab information and be on with their day. FYI, much more data, features, and overall coverage will be coming soon to the platform!
Just a Couple of Random De-SPACs around 10:
Over $10: AdaptHealth [$AHCO] — $21.04
Not far from 10 cents: Clarus Therapeutics [$CRXT] — $0.29
Pre-Market Movers*
*at the time of this writing; Not a comprehensive list, just some of the biggest pre-market movers among De-SPACs from 2019-
Previous Session Stats
Gainers & Losers
Volume Leaders
News & De-SPAC Updates
Electric Last Mile [OTC: $ELMSQ] Board, Backers Hit With SPAC Merger Challenge (BB Tax)
Saudi investor becomes largest shareholder in Otonomo [$OTMO] (Globes)
The Deals
No new deals.
SPAC Updates
Extensions
Approved Extension: International Media [$IMAQ] from 7/28/22 to 01/8/22 (3 3-month extensions at $350k each extension)
Sponsor Deposit & New Deadline: -
Shares redeemed: 20,858,105 or an estimated ~91% of the public SPAC shares
Registrations
New S-1s
No new S-1s
Registration Withdrawals
Khosla Ventures Acquisition Co. IV
FirstMark Acquisition Corp. II & III
Gefen Landa Acquisition Corp.
Sachem Acquisition Corp.
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Key Filings
SPAC S-4 Activity
S-4/A
Avista II [$AHPA] & OmniAb
Software Acquisition III [$SWAG] & Nogin
Mana Capital [$MAAQ] & Cardio Diagnostics
*Latest S-4 filings are found in the “Deal Details” view under the column “S-4 Link”
De-SPAC/ Post-Merger S-1s
S-1/A
MoonLake Immunotherapeutics [$MLTX]
*including PIPE resale registrations where applicable — latest post-merger S-1 filings are found in the “De-SPAC" view under the column “Post-Close S-1”
Upcoming Dates:
Announced Shareholder Meetings, Unit Splits, Warrant Redemptions
See the full calendar with proxy links here.
SPAC Track Pro:
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,
The team at SPAC Track (spactrack.io)