The Nightcap
Nightly recap of the day's SPAC highlights (May 18th, 2021)
May 18th, 2021
Good evening,
Thanks for reading “The Nightcap”, a nightly recap of the highlights of the SPAC world. You can always discover and track all of the SPACs at spactrack.net.
The Stats:
The Deals:
None today.
Deal News Reports:
1) COVA Acquisition Corp. (COVA) is in talks to merge with Tiket.com
Indonesian Travel Startup Considers $2 Billion SPAC Deal (Bloomberg— behind paywall)
Indonesian online travel company Tiket.com is exploring going public through a merger with a special purpose acquisition company as it seeks to expand its business, according to people with knowledge of the matter.
The startup is in talks with COVA Acquisition Corp. for a deal that would value the combined entity at about $2 billion, according to the people, who asked not to be identified because the talks are private. Goldman Sachs Group Inc. is advising Jakarta-based Tiket, which is valued at more than $1 billion and owned by diversified Indonesian conglomerate Djarum Group, they said.
IPOs to Begin Trading Tomorrow:
1) Aries I Acquisition Corp. (RAM.U)
$125M, 1/2 warrant
Focus: “aerospace, satellites, and space exploration; quantum computing and chemistry; artificial intelligence and machine learning; cybersecurity; and blockchain and digital currencies”
New S-1 Filings:
None today.
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