The Nightcap

Nightly recap of the day's SPAC highlights (April 13th, 2021)

April 13th, 2021

Good evening,

Thanks for reading “The Nightcap”, a nightly recap of all the day’s highlights in the SPAC world. In this newsletter, you will find a breakdown of the day’s deals, IPO’s, “in talks” reports, and noteworthy new SPAC S-1 filings.

Of course, you can always discover and track all of the SPACs at spactrack.net.

The Stats:

SPAC Track @SPACtrack

#SPAC Volume Leaders (4/13) $AGC 29.0M (Definitive Agreement with Grab, + 9.9%) $CCIV 15.8M $MUDS 9.5M $SRNG-U 3.0M $STPK 2.4M (-10.2%) $IPOE 2.2M $GRSV 2.0M $RTPY-U 2.0M $VGAC 2.0M $FTCV 1.9M

The Deals:

1) Altimeter Growth Corp (AGC) & Grab, the “superapp for deliveries, mobility, and financial services in Southeast Asia".

Deal News Reports:

1) PTK Acquisition (PTK) is in talks to merge with Valens Semiconductor, an Israeli chipmaker, at a $1-1.2B valuation, according to Bloomberg.

2) Alkuri Global Acquisition Corp. (KURI) is in talks to merge with Babylon, a digital healthcare service, at a $3-4B valuation, according to Bloomberg.

Notable IPOs to begin trading tomorrow (priced):

1) TCV Acquisition Corp. (TCVA)

• $350M, no warrants

• Focus: Tech: Software, Internet, and Fintech

• Management:

  • Jay Hoag (Founding General Partner of TCV, Director of Electronic Arts, Netflix, Peloton, TripAdvisor, & Zillow)

  • Woody Marshall (General Partner of TCV and Director of GoFundMe, Newsela, Payoneer, Retail Merchant Services, Sojern, Spotify, and Nerdy)

• Directors:

  • Katie Mitic (Co-founder & Co-CEO of SomethingElse, and Co-founder & Former CEO of Sitch

  • Tayloe Stansbury (CEO of Kaleidescape and Former CTO of Intuit)

S-1 Filings:

None today!

Upcoming Dates:

This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)

Wednesday, April 14th

• SC Health Corp (SCPE) Shareholder Meeting to Extend Deadline for Business Combination

• Tuscan Holdings Corp II (THCA) Shareholder Meeting to Extend Deadline for Business Combination

Thursday, April 15th

• Unit Splits: Gores Holdings VII, Inc. (GSEV)

Friday, April 16th

• dMY Technology Group, Inc. II (DMYD) Shareholder Meeting to Approve Business Combination with Genius Sports Group

• Union Acquisition Corp II (LATN) Shareholder Meeting to Extend Deadline for Business Combination

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Thanks for reading,

SPAC Track

spactrack.net