The Nightcap
Nightly recap of the day's SPAC highlights (April 27th, 2021)
April 27th, 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) Blue Water Acquisition Corp. (BLUW) & Clarus Therapeutics, “a pharmaceutical company dedicated to providing solutions to unmet medical needs by advancing androgen and metabolic therapies for men and women”.
$215.9M EV
$25M PIPE
Deal News Reports:
1) Galileo Acquisition Corp (GLEO) is said to be nearing a merger deal with Shapeways, a 3D-printing technology company, at a valuation of $410M, according to Reuters.
S-1 Filings:
1) Mountain Crest Acquisition Corp. III (MCAE)
$50M, no warrants, 1 right (1/10th of a share)
Sponsor’s Previous SPAC Activity:
Mountain Crest Acquisition Corp. II (MCAD: $9.91) announced a merger deal with Better Therapeutics earlier this month
Mountain Crest Acquisition Corp I completed their merger with Playboy (PLBY: $53.35) in February
SPACs Leaving the Nest:
Star Peak Energy Transition Corp (STPK) shareholders approved the business combination with Stem. STPK will trade as STEM upon merger completion
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Wednesday, April 28th
Tuscan Holdings Corp (THCB) Shareholder Meeting to Extend Deadline for Business Combination
Thursday, April 29th
Vesper Healthcare Acquisition Corp. (VSPR) Shareholder Meeting to Approve Business Combination with HydraFacial
Unit Splits: Independence Holdings Corp. (ACQR)
Friday, April 30th
Unit Splits: Colonnade Acquisition Corp. II (CLAA), Forest Road Acquisition Corp. II (FRXB)
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Thanks for reading,