The Nightcap

Nightly recap of the day's SPAC highlights (March 24th, 2021)

March 24th, 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:

SPAC Track @SPACtrack

#SPAC Volume Leaders (3/24) $CCIV 23.7M $KVSB 9.6M* $BFT 9.1M $DISA-U 8.1M* $KVSC 6.3M* $GGPI-U 6M $PSTH 4.4M $IPOE 4.2M $RTP 4.2M $FTOC 4.0M *New IPO

The Deals:

No deals.

Deal News Reports:

1) D8 Holdings Corp. (DEH) is in talks to merge with Vicarious Surgical, a developer of medical robot technology backed by Bill Gates, at a valuation of around $1.1B, according to Bloomberg.

Notable IPO’s to begin trading tomorrow:

 1) Landcadia Holdings IV, Inc. (LCA.HU)

• $500M, 1/4 warrant

• Focus: Consumer, Dining, Hospitality, Entertainment and Gaming

• Tilman Fertitta’s 4th SPAC

• Sponsor’s Previous SPAC Activity: Landcadia Holdings III merged with Fertitta’s Golden Nugget Online Gaming (GNOG) in December of last year.

Notable S-1 Filings:

1) NewHold Investment Corp. II (NHLD)

• $175M, 1/4 Warrant

• Focus: Industrial Tech

• Directors:

  • Neil Glat (Former President of the New York Jets)

• Sponsor’s Previous SPAC Activity:

  • NewHold Investment Corp. I (NHIC) announced a merger deal with Evolv Technology earlier this month.

2) Ascendant Digital Acquisition Corp. II (Ticker not available yet)

• $300M, 1/3 warrant

• Focus: Attention Economy (Media / Entertainment)

• Officers:

  • 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 earlier this month.

3) Spartan Acquisition Corp. IV (Ticker not available yet)

• $400M, 1/5 warrant

• Sponsor: Apollo

• Focus: Energy with a particular focus on energy transition and sustainability

• Sponsor’s Previous SPAC Activity: Spartan Acquisition Corp. II (SPRQ) announced a merger deal with Sunlight Financial in late January.

4) Horizon Acquisition Corporation III (HZNA)

• $500M, 1/4 warrant

• Officers:

  • Todd Boehly (Co-founder, Chairman and CEO of Eldridge)

• Directors:

  • Haroon Mokhtarzada (Co-founder and CEO of Truebill)

Upcoming Dates:

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

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), Thimble Point Acquisition Corp. (THMA), Noble Rock Acquisition Corporation (NRAC)

Friday, March 26th

• Unit Splits: The Music Acquisition Corporation (TMAC), Goal Acquisitions Corp. (PUCK)

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Thanks for reading,

SPAC Track

spactrack.net