The Nightcap

Nightly recap of the day's SPAC highlights (April 19th, 2021)

April 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 Stats:

SPAC Track @SPACtrack

#SPAC Volume Leaders (4/19) $CCIV 19.4M $ACAH-U 4.9M $PSTH 4.5M $KCAC 4.2M $IPOE 3.8M $QELL 3.1M $DBDR 2.9M (Definitive Agreement with CompoSecure, +0.2%) $FRX 2.9M $MUDS 2.8M $AGC 2.6M

The Deals:

1) Roman DBDR Tech Acquisition Corp. (DBDR) & Composecure, a provider of premium payment card services & "cryptocurrency and digital asset storage and security solutions".

• $1.20B EV

• $45M PIPE including investments from funds and accounts managed by BlackRock and Highbridge Capital Management

• $130M 5-year convertible note

Deal News Reports:

None today.

S-1 Filings:

1) Ascendant Digital Acquisition Corp. III (Ticker not yet available)

• $250M, 1/3 warrant

• Focus: Attention Economy: Consumer media, entertainment and services

• Management:

  • Mark Gerhard (Former CEO and CTO of Jagex Game Studios: creator of Runescape)

  • Riaan Hodgson (Former COO and CFO of Jagex Game Studios)

• Directors:

  • Mickie Rosen (Former Director of Pandora Media)

  • Michael Jesselson (Former Director of American Eagle Outfitters and Director of XPO Logistics)

  • Diane Nelson (Former COO of Content at Quibi, Former President of DC Entertainment)

  • Bob Foresman (Former Vice chairman of UBS Investment Bank)

• Sponsor’s Previous SPAC Activity: Ascendant Digital Acquisition (ACND) announced a merger deal with Beacon Street Group in early March.

Upcoming Dates:

This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)

Wednesday, April 21st

• GigCapital3 Inc (GIK) Shareholder Meeting to Approve Business Combination with Lightning eMotors

• Big Rock Partners Acquisition Corp (BRPA) Shareholder Meeting to Extend Deadline for Business Combination

Thursday, April 22nd

• Unit Splits: Supernova Partners Acquisition Co II, Ltd. (SNII), Advanced Merger Partners, Inc. (AMPI), Haymaker Acquisition Corp. III (HYAC)

Friday, April 23rd

• Northern Genesis Acquisition Corp. (NGA) Shareholder Meeting to Approve Business Combination with Lion Electric

• Alberton Acquisition Corp (ALAC) Shareholder Meeting to Extend Deadline for Business Combination

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Thanks for reading,

SPAC Track

spactrack.net