The Nightcap from SPAC Track
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (December 22, 2021)
Nightcap Newsletter Update:
This detailed version of the Nightcap newsletter will become the Pro version beginning next Monday, December 27th. It will be exclusively offered to SPAC Track Pro subscribers.
The free version of the Nightcap newsletter, however, isn’t going anywhere! We will still be sliding into your inbox nightly to keep you up to date on all of the key news in the SPAC world (stories, deals, S-1s, IPOs ++) — the Pro version will just be much more detailed.
Scroll to the bottom of this newsletter to read more.
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The Stats:
The Deals:
1) Global SPAC Partners Co. (GLSPT: warrants -4.76%) & Gorilla Technology Group
Merger Partner Description:
Gorilla, headquartered in Taipei, Taiwan, is a global leader in security intelligence, network intelligence, business intelligence and IoT technology. The company develops a wide range of solutions including Smart Cities, Smart Retail, Enterprise Security and Smart Media. In addition, Gorilla provides a complete Security Convergence Platform to government institutions, Telecom companies and private enterprises with network surveillance and cyber security.
Valuation: $708M EV
PIPE: No PIPE
Merger Votes/ Completions:
HealthCor Catalio Acquisition Corp. (HCAQ) completed its merger with Hyperfine & Liminal Sciences. Hyperfine, Inc. will trade as HYPR starting tomorrow
The transaction raised appx $160M after an estimated ~83% of public shares were redeemed
MCAP Acquisition Corporation (MACQ) completed its merger with AdTheorent and will start trading as ADTH tomorrow
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Quick News:
Petra Acquisition, Inc. (PAIC) Announces Share Redemption Backstop and Forward Purchase Agreements of up to $12M for its merger with Revelation Biosciences that, according to the press release: “should ensure the minimum cash condition required of the business combination agreement will be met”
Merida Merger Corp. I (MCMJ) shareholders have approved its deadline extension to 2/28 (from 12/31)
2.5M shares were redeemed, removing $25.4M from the trust
MCMJ previously scheduled its shareholder meeting to vote on its merger with Leafly for 1/14
Rocket Lab (RKLB) announces redemption of public warrants with a deadline of 1/21
S-4 Activity:
S-4 filings:
Crown PropTech Acquisitions (CPTK) & Brivo
S-4/A filings:
Sports Entertainment Acquisition Corp. (SEAH) & Super Group (4th amendment)
Gores Guggenheim, Inc. (GGPI) & Polestar (1st amendment)
MedTech Acquisition Corporation (MTAC) & Memic Innovative Surgery (1st amendment)
Capstar Special Purpose Acquisition Corp (CPSR) & Gelesis (6th amendment)
Tracking De-SPAC S-1s (including PIPE resale registrations*):
S-1/A filings:
*When applicable
New S-1s (2):
1) KnightSwan Acquisiton Corp (KNSW)
$200M, 1/2 Warrant
Focus: Cyber, cloud, and mission intelligence
2) Technology & Telecommunication Acquisition Corp (Ticker not available yet)
$100M, 1/2 Warrant
Focus: Tech and Telecom in Malaysia
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes
See the full calendar here.
IMPORTANT UPDATE ON THE NIGHTCAP NEWSLETTER:
This detailed version of the Nightcap newsletter will become the Pro version beginning next Monday, December 27th. It will be exclusively offered to SPAC Track Pro subscribers.
The free version of the Nightcap newsletter, however, isn’t going anywhere! We will still be sliding into your inbox nightly to keep you up to date on all of the key news in the SPAC world (stories, deals, S-1s, IPOs ++) — the Pro version will just be much more detailed.
What will be the difference between the Free and the Pro version of the nightly Nightcap newsletter?
The Pro version of the Nightcap newsletter will contain much more detail (that will not be included in the free newsletter):
deal details (valuation, PIPE & additional financing details, merger partner descriptions)
S-1 details (unit & warrant details, focus, and notable leadership)
S-4 filing updates
post-closing S-1 updates (incl. PIPE registrations)
quick links to investor presentations, press releases, and relevant filings
The Pro version is essentially the current Nightcap that has been sent out for many months with some new recent additions (such as S-4 filing updates).
How do I sign up to continue receiving the free Nightcap newsletter?
If you are receiving this email in your inbox, no need to do anything! You’re already subscribed. If you did not already subscribe (this email didn’t hit your inbox directly) here is the link to do so (free version):
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 now receive the Pro version of the nightly 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,