The Nightcap
Nightly recap of the day's SPAC highlights (March 19th, 2021)
March 19th, 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) SC Health Corp. (SCPE) & Rockley Photonics, supplier of integrated silicon photonic chips that will be used in a “clinic-on-the-wrist” sensing platform that enables “continuous, non-invasive monitoring of multi-modal biomarkers such as lactate, glucose, hydration, blood pressure, and core body temperature”.
$1.21B EV
$150M PIPE
Deal News Reports:
None today.
Notable S-1 Filings:
1) and 2) Lionheart III Corp (LHRT) and IV (LHIV)
LHRT: $100M, 1/3 warrant
LHIV: $250M, 1/3 warrant
Officers:
Ophir Sternberg (Founder & CEO of Lionheart Capital)
Directors:
Steven Berrard (Co-founder & Former Co-CEO of AutoNation, Former CEO of Blockbuster, and Former Chairman & CEO of Jamba)
Sponsor’s Previous SPAC Activity: Opes Acquisition Corp (OPES) merged with BurgerFi (BFI) last December. BFI closed the day at $15.55.
3) Colombier Acquisition Corp. (CLBR)
$150M, 1/3 warrant
Officers:
Omeed Malik (Founder & CEO of Farvahar Partners and Former Global Head of Hedge Fund Advisory at Bank of America Merrill Lynch)
Directors:
Ryan Kavanaugh (Founder & Former CEO of Relativity Media and Co-founder of Triller)
Keri Findley (Senior Managing Director of SuRo Capital, Former Partner at Third Point, Advisor to 8VC, and Director of Clearbanc)
4) TCV Acquisition Corp. (TCVA)
$350M, no warrants
Focus: Tech: Software, Internet, and Fintech
Officers:
Jay Hoag (Founding General Partner of TCV, Director of Electronic Arts, Netflix, Peloton, TripAdvisor, & Zillow)
Woody Marshall (General Partner of TCV and Director of GoFundMe, Newsela, Payoneer, Retail Merchant Services, Sojern, Spotify, and Nerdy)
Directors:
Katie Mitic (Co-founder & Co-CEO of SomethingElse, and Co-founder & Former CEO of Sitch
Tayloe Stansbury (CEO of Kaleidescape and Former CTO of Intuit)
5) Chain Bridge I (CBRG)
$300M, 1/3 warrant
Focus: “Innovative technology that can help the U.S. government and its allies successfully compete in the national security arena”
Officers:
Christopher Darby (CEO of IQT)
Directors:
Michael Morell (Former Deputy Director of the CIA
Letitia Long (Former Director of the National Geospatial-Intelligence Agency and Former Director of Raytheon)
6) Arena Fortify Acquisition Corp. (AFAC)
$200M, 1/3 warrant
Focus: Natural Resources companies that have “recently emerged from bankruptcy” or are restructuring
Officers:
Daniel Zwirn (CEO & CIO of Arena Investors and Founder & Former Managing Partner of D.B. Zwirn & Co)
7) Laris Media Acquisition Corp (LRIS)
$250M, 1/3 warrant
Focus: Music and Audio
Officers:
Darren Throop (CEO of Entertainment One (“eOne”), and Director of IMAX Corporation)
Director:
Simon Katz (Multi-platinum artist, songwriter and producer including as a band member of Jamiroquai and Gorillaz, Senior A&R executive at Republic Records, and Founder of Grand Central)
8) Coliseum Acquisition Corp. (MITA)
$150M, 1/3 warrant
Focus: Consumer companies at the intersection of sports, entertainment, digital media and/or technology
Officers:
Jason Stein (Co-founder & General Partner at SC Holdings)
Directors:
Rich Paul (Founder & CEO of Klutch Sports Group)
Jim Lanzone (CEO of Tinder, Former CEO of CBS Interactive, and Former CEO of Ask.com)
Andrew Heyer (Founder & CEO of Mistral Equity Partners and Serial SPAC sponsor)
9) Anthropos Capital Corporation (HUMC)
$250M, 1/3 warrant
Focus: Companies whose value proposition to clients is delivering human capital, including research and advisory, facility services, marketing and advertising, etc
Officers:
John Megrue (Co-Chairman of Bridgewater Associates, Former Co-CEO of Apax Partners, and Vice-Chairman of Radical Ventures)
Directors:
Michelle Horn (Chief Strategy Officer at Delta Airlines)
Sponsor Partners:
Jeffery Boyd (Former CEO of Booking Holdings, Chairman of Oscar Health, Director of Booking Holdings and The Home Depot)
Robert J. Mylod Jr. (Former CFO of Booking Holdings, Chairman of Booking Holdings & Vroom, Director of Redfin, and Dropbox)
SPACs Leaving the Nest:
CIIG Merger Corp (CIIC) shareholders approve the business combination with Arrival. The closing is expected to take place on 3/24 with CIIC starting to trade as ARVL on 3/25.
Upcoming Dates:
Next Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Monday, March 22nd:
Unit Splits: CF Acquisition Corp. V (CFV), TLG Acquisition One Corp. (TLGA), EQ Health Acquisition Corp. (EQHA), Growth Capital Acquisition Corp. (GCAC)
Wednesday, March 24th:
Unit Splits: Adara Acquisition Corp. (ADRA)
Thursday, March 25th:
Foley Trasimene Acquisition Corp. II (BFT) Shareholder Meeting to Approve Business Combination with Paysafe
Replay Acquisition Corp (RPLA) Shareholder Meeting to Approve Business Combination with Finance of America Equity Capital
Unit Splits: African Gold Acquisition Corp (AGAC)
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Thanks for reading,