The Nightcap
Nightly recap of the day's SPAC highlights (April 14th, 2021)
April 14th, 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:
The Deals:
1) BCTG Acquisition Corp. (BCTG) & Tango Therapeutics, “a biotechnology company committed to discovering and delivering the next generation of precision cancer medicines”.
$550M Pro-forma equity value
$186M PIPE including investments from Boxer Capital, as well as Avoro Capital Advisors, Bain Capital Life Sciences, funds and accounts managed by Blackrock, EcoR1 Capital, Farallon Capital, Fidelity Management & Research Company LLC, Foresite Capital, Janus Henderson Investors, Logos Capital, RA Capital Management, Samsara BioCapital, Southpoint Capital, Surveyor Capital (a Citadel Company) and Woodline Partners LP, in addition to existing Tango Therapeutics shareholders including Casdin Capital, Cormorant Asset Management and Gilead Sciences.
2) Roth CH Acquisition II Co. (ROCC) & Reservoir Holdings, an independent music publisher.
$788M EV
$150M PIPE including investments from Caledonia
Deal News Reports:
1) D8 Holdings Corp (DEH) Is said to be close to announcing a deal (as early as Thursday) with Vicarious Surgical at around a $1.1B valuation, according to Bloomberg. The deal is said to be backed by Becton Dickinson with PIPE investors including Bill Gates, Khosla Ventures, and E15 VC.
S-1 Filings:
1) G3 VRM Acquisition Corp. (GGGV)
$100M, 1/2 warrant
Focus: Tech and business services
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Thursday, April 15th
Unit Splits: CM Life Sciences II Inc. (CMII), Gores Holdings VII, Inc. (GSEV), Slam Corp. (SLAM), Velocity Acquisition Corp. (VELO), Arctos NorthStar Acquisition Corporation (ANAC)
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
Unit Splits: Hudson Executive Investment Corp. III (HIII), Cartesian Growth Corporation (GLBL), Newbury Street Acquisition Corporation (NBST)
If you would like to share the Nightcap nightly newsletter, click the link below.
Thanks for reading,