The Nightcap

Nightly recap of the day's SPAC highlights (May 3rd, 2021)

May 3rd, 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 (5/3) $CCIV 13.1M $MAAC 8.1M (Definitive Agreement with Roivant, +0.9%) $WPF 3.5M $MUDS 3.4M (+9.6%) $CONX 2.7M $AGC 2.3M $AAC 2.2M $VGII-U 2.1M $SEAH 2.0M $DGNR 1.8M

The Deals:

1) Montes Archimedes Acquisition Corp. (MAAC) & Roivant Sciences, a biopharmaceutical and healthcare technology company.

• $5B EV

• $200M PIPE including investments from Fidelity Management & Research, SB Management: a subsidiary of SoftBank Group Corp., as well as strategic investors including Sumitomo Dainippon Pharma and Palantir Technologies

Deal News Reports:

1) Israeli-founded video advertising company, Innovid, is in talks to go public via a merger with a SPAC at a $1.2B valuation, according to Calcalist. ION Acquisition Corp 2 Ltd. (IACB) is among the candidates.

S-1 Filings:

1) Summit Healthcare Acquisition Corp. (SMIH)

• $200M, 1/2 warrant

• Focus: Healthcare

2) Ascendant Mobility Acquisition Corp I (Ticker not available yet)

• $350M, 1/3 warrant

• Focus: Electric Vehicle, energy storage & distribution, or mobility technologies ecosystem

• Management:

  • Former Tesla leaders in European market: Peter Bardenfleth-Hansen and Jochen Rudat

• Directors:

  • Mark Gerhard (Former CEO and CTO of Jagex Game Studios: creator of Runescape)

  • Riaan Hodgson (Former COO and CFO of Jagex Game Studios)

• Sponsor’s Previous SPAC Activity: Ascendant Digital Acquisition (ACND) announced a merger deal with Beacon Street Group in early March.

Upcoming Dates:

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

Wednesday, May 5th

• Experience Investment Corp (EXPC) Shareholder Meeting to Approve Business Combination with BLADE

Thursday, May 6th

• Stable Road Acquisition Corp (SRAC) Shareholder Meeting to Extend Deadline for Business Combination

• Unit Splits: FAST Acquisition Corp. II (FZT)

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Thanks for reading,

SPAC Track

spactrack.net