The Nightcap
Nightly recap of the day's SPAC highlights (April 5th, 2021)
April 5th, 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:
None today.
Deal News Reports:
Marquee Raine Acquisition Corp. (MRAC) is in talks to merge with Enjoy Technology, a “mobile retail store” that is partnered with companies like AT&T to offer home delivery and in-person set up of mobile devices, at a valuation of about $1.6B, according to Bloomberg.
Notable IPOs to begin trading tomorrow:
One IPO priced tonight:
Ace Global Business Acquisition Limited (ACBA) targeting Gaming / E-commerce in China, Japan & SE Asia
Notable S-1 Filings:
1) Juniper II Corp. (JUN)
$400M, 1/4 warrant
Focus: Industrial
Sponsor’s Previous SPAC Activity: Juniper Industrial Holdings (JIH) announced a merger deal with Janus International in December of last year. JIH closed the day at $13.30.
2) Osiris Acquisition Corp. (OSI)
$250M, 1/2 warrant
Focus: Consumer, Retail, and Leisure
Directors:
Omar Johnson (Former CMO of Beats by Dr. Dre)
Dhiren Fonseca (Former Chief Commercial Officer of Expedia, and Director of Alaska Air Group)
3) Aurvandil Acquisition Corp. (AURV)
$250M, 1/2 warrant
Focus: Space ecosystem
Directors:
Vyomesh Joshi (Former CEO of 3D Systems Corp., and Former Director of Yahoo, Wipro, and Harris Corp)
Scott Parazynski (Hall of Fame Astronaut)
4) EG Acquisition Corp. (EGGF)
$250M, 1/3 warrant
Focus: Transportation and real assets, financial services, fintech, healthcare, real estate, and sustainability-focused businesses.
Officers:
Gregg Hymowitz (Chairman & CEO of EnTrust Global)
Directors:
Linda Hall Daschle (Former FAA Deputy Administrator)
Jonathan Silver (Director of National Grid and Plug Power)
SPACs Leaving the Nest:
1) Collective Growth Corp (CGRO) and Innoviz Technologies announce the closing of their business combination. CGRO will begin trading as INVZ tomorrow, 4/6.
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Wednesday, April 7
Unit Splits: Moringa Acquisition Corp (MACA)
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Thanks for reading,