The Nightcap
Nightly recap of the day's SPAC highlights (March 25th, 2021)
March 25th, 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 SPAC Market Stats:
The Deals:
1) Genesis Park Acquisition Corp. (GNPK) & Redwire, a space infrastructure technology company.
$615M EV
$100M PIPE
Deal News Reports:
1) Roth Ch Acquisition II Co. (ROCC) is in talks to merge with Reservoir Media Management, an independent music publisher, at a more than $700M valuation, according to Bloomberg.
Notable S-1 Filings:
1) Project Energy Reimagined Acquisition Corp. (PEGR)
$300M, 1/3 warrant
Focus: Electric Grid 2.0 (Energy Transition)
Officers:
Srinath Narayanan (Managing Partner of Edgewater Investments and Director of Hyperloop Transportation Technologies)
Directors:
Eric Spiegel (Former CEO of Siemens USA)
2) Falcon Acquisition Corp. (Ticker not available yet)
$250M, 1/3 warrant
Focus: Tech
Chairman: Thomas Barrack (Founder of Colony Capital and Former Director of Carrefour & Continental Airlines)
3) Jackson Acquisition Company (RJAC)
$300M, 1/3 warrant
Focus: Healthcare, Healthcare Tech
Officers:
Jeb Bush (Former Governor of Florida)
Directors:
David Perdue (Former US Senator, Former CEO of Reebok, and Former CEO of Dollar General)
SPACs Leaving the Nest:
1) Foley Trasimene Acquisition Corp. II (BFT) shareholders approve the business combination with Paysafe. The merger is expected to close on March 30th and BFT is expected to trade as PSFE starting March 31st.
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Friday, March 26th
Unit Splits: The Music Acquisition Corporation (TMAC), Goal Acquisitions Corp. (PUCK), Rosecliff Acquisition Corp I (RCLF)
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Thanks for reading,