The Nightcap

Nightly recap of the day's SPAC highlights (April 15th, 2021)

April 15th, 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 (4/15) $CCIV 25.4M $DEH 9.0M (Definitive Agreement with Vicarious Surgical, +0.9%) $MUDS 6.2M $AGC 4.5M $KAHC-U 2.8M $SRNG-U 2.6M $ROCC 2.1M (DA with Reservoir Holdings, +1%) $IPOE 2.1M $TBA 1.9M $IPOF 1.9M

The Deals:

1) D8 Holdings Corp (DEH) & Vicarious Surgical, “a next generation robotics company developing a disruptive technology with the goals of increasing the efficiency of surgical procedures”.

• $1.12B EV

• $115M PIPE including investments from BD (Becton, Dickinson and Company), Bill Gates, Khosla Ventures, Eric Schmidt's Innovation Endeavors, and Philip Liang’s E15 VC.

2) Consonance-HFW Acquisition Corp. (CHFW) & Surrozen, “a biotechnology company discovering and developing drug candidates to selectively modulate the Wnt pathway”.

• $203.3M EV

• $120M PIPE

Deal News Reports:

1) Thayer Ventures Acquisition Corp. (TVAC) is in talks to merge with Inspirato, a luxury travel platform, at a valuation of over $1B.

2) D & Z Media Acquisition Corp. (DNZ) is in talks to merge with Simplifi Holdings, an advertising technology platform, at a valuation of $1.5B or more, according to Bloomberg.

S-1 Filings:

1) GigInternational1, Inc. (GIW)

• $200M, 1/3 warrant

• Focus: TMT, aerospace and defense, mobility, semiconductor industries and targets in EMEA

• Management:

  • Dr. Avi S. Katz

Upcoming Dates:

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

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)

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Thanks for reading,

SPAC Track

spactrack.net