The Nightcap from SPAC Track
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (December 30, 2021)
Nightcap Newsletter Update:
The detailed version of the Nightcap newsletter has become the Pro version. It is exclusively offered to SPAC Track Pro subscribers. See the end of this newsletter for more information.
From now until the end of the year, we are offering 20% off of the first month or the first year of the annual subscription with the coupon: ‘20NIGHTCAP2021’.
The Stats:
The Deals:
None today.
Merger Votes/ Completions:
CF Acquisition Corp. V’s (CFV) shareholder meeting to approve its merger with Satellogic has been adjourned (for the third time) until 1/24 to allow Satellogic "and a potential third-party investor additional time to finalize the terms on which such potential investor may complete a significant additional PIPE financing"
Athena Technology Acquisition Corp. (ATHN) completes its merger with Heliogen. Ticker change to HLGN is set for tomorrow, 12/31
The transaction raised appx $188M
Fathom Digital Manufacturing (FATH) releases the redemption numbers from its merger with Altimar Acquisition Corp. II (ATMR)
32M shares were redeemed, or an estimated ~93% of the public SPAC shares
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Quick News:
FinTech Acquisition Corp. V (FTCV) revises the merger agreement with eToro, including, among other things, reducing eToro’s pre-money valuation by 15% (from $9.3B to $7.9B) and extending the outside date from 12/31 to 6/30
S-4 Activity (Pro subscribers only):
3 updates today
Tracking De-SPAC S-1s (including PIPE resale registrations*) (Pro subscribers only):
8 updates today
New S-1s (4):
1) PowerUp Acquisition Corp. (PWUP)
2) Grandview Capital Acquisition Corp. (GDVW)
3) LIV Capital Acquisition Corp. II (LIVB)
4) Aries II Acquisition Corporation (RAMX)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes
See the full calendar here.
Pro Nightcap
What is the difference between the Free and the Pro version of the Nightcap newsletter?
The Pro version of the Nightcap newsletter will contain much more detail (that will not be included in the free newsletter):
announced deal details (valuation, PIPE & additional financing details, merger partner descriptions)
New SPAC S-1 registration details (unit & warrant details, focus, and notable leadership)
S-4 merger filing updates
post-closing S-1 updates (incl. PIPE share registrations)
quick links to investor presentations, press releases, and relevant filings
What do I get with a SPAC Track Pro subscription?
SPAC Track Pro is a premium SPAC information service to discover, track, and analyze SPACs & De-SPACs. The Pro version of our SPAC Screener comes with 4x more data points than the free version and includes several other useful features such as premium filters and table views, a unified view of SPACs and De-SPACs, as well as unlimited downloads of the Active & De-SPAC list.
In addition, you will receive the Pro version of the Nightcap newsletter, which provides a highly detailed view of the daily activity in the SPAC world!
From now until the end of the year, we are offering 20% off of the first month or the first year of the annual subscription with the coupon: ‘20NIGHTCAP2021’.
To learn more about Pro and subscribe, click the link below!
Feel free to reach out with any questions or inquiries at spactrack@commonfi.com.
Thanks for reading,