The Nightcap from SPAC Track
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (November 4, 2021)
Discover and track all of the SPACs at spactrack.net.
If you haven’t subscribed to this Free nightly newsletter, you can do so below.
The Stats:
The Deals:
1) Quantum FinTech Acquisition Corporation (QFTA: warrants +78.4%) & TradeStation
Merger Partner Description:
TradeStation has, for decades, been a fintech pioneer in its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web and mobile, as well as via API technologies which seamlessly provide access to TradeStation’s brokerage environment through third-party platforms. TradeStation’s offerings also include a deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders.
Valuation: $1.43B EV
PIPE: $115M led by Monex Group, Inc. and Galaxy Digital LP, $50 million each, and including XBTO Ventures, LLC and Appian Way Asset Management
After-Hours Deal:
2) AGBA Acquisition Limited (AGBA) & TAG Companies
Merger Partner Description:
OnePlatform Holdings Limited ("OPH") and TAG Asia Capital Holdings Limited ("Fintech") (collectively "Platform Businesses") form an integral part of TAG's wider portfolio of companies. Through their wholly-owned subsidiaries, OPH is engaged in business-to-business (or B2B) services and Fintech is engaged in the financial technology or fintech business. The Platform Businesses are wholly-owned by TAG Holdings Limited ("TAG").
Valuation: $555M EV
PIPE: Up to $35M
No Investor Presentation filed as of yet
If you find this newsletter useful, feel free to share it with a friend and suggest they subscribe:
Tracking De-SPAC S-1s (including PIPE resale registrations):
424B3 filings (S-1 likely to go effective tomorrow):
Mirion Technologies (MIR: $11.06 +0.45%)
Quick News:
Archaea Energy (LFG: $18.70 -0.90%) announces redemption of public warrants with the redemption deadline set for 12/6 at 5pm
SoFi (SOFI: $23.29 +1.44%) announces redemption of public warrants with the redemption deadline set for 12/6 at 5pm
IPOs to begin trading tomorrow*:
1) Intelligent Medicine Acquisition Corp. Announces Pricing of Upsized $180,000,000 Initial Public Offering (IQMD-U)
2) Mountain & Co. I Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering (MCAA-U)
3) New Providence Acquisition Corp. II Announces Pricing of Upsized $225 Million Initial Public Offering (NPAB-U)
4) Rigel Resource Acquisition Corp. Announces Pricing of $275 Million Initial Public Offering (RRAC-U)
5) 7 Acquisition Corporation Announces Pricing of $200 Million Initial Public Offering (SVNA-U)
*Priced as of this writing
New S-1s (1):
1) Vahanna Tech Edge Acquisition I Corp. (VHNA)
$150M, 1/2 Warrant
Focus: Tech in India (or with strong connection to India)
Upcoming Dates:
This Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings and Expected Ticker Changes
See the full calendar here.
Thanks for reading,