The Nightcap from SPAC Track
Nightly recap of the day's SPAC highlights (June 2nd, 2021)
June 2nd, 2021
Good evening,
Thanks for reading “The Nightcap”, a nightly recap of the highlights of the SPAC world. You can always discover and track all of the SPACs at spactrack.net.
The Stats:
The Deals:
None today.
Deal News Reports:
None today.
New S-1 Filings:
1), 2), 3), 4) Four new Chamath SPACs:
Details for all four SPACs:
Focus: Biotech
$200M with no warrants
Management: Chamath Palihapitiya (Managing Partner of Social Capital, Chairman of Virgin Galactic)
1) Social Capital Suvretta Holdings Corp. I (DNAA)
Focus: Biotechnology industry and within the neurology subsector
Directors:
Vladimir Coric (CEO of Biohaven Pharmaceuticals)
S-1 Link: https://www.sec.gov/Archives/edgar/data/1850266/000119312521180021/d61214ds1.htm
2) Social Capital Suvretta Holdings Corp. II (DNAB)
Focus: Biotechnology industry with a subsector in Oncology
S-1 Link: https://www.sec.gov/Archives/edgar/data/1850271/000119312521180031/d126071ds1.htm
3) Social Capital Suvretta Holdings Corp. III (DNAC)
Focus: Biotechnology industry with a subsector in "Organ space” — intrinsic diseases of the heart, kidney, endocrine system (including diabetes and lipids) and blood compartment (non-oncologic diseases).
Directors:
Marc Semigran (Chief Medical Officer of Renovacor)
S-1 Link: https://www.sec.gov/Archives/edgar/data/1850270/000119312521180036/d137843ds1.htm
4) Social Capital Suvretta Holdings Corp. IV (DNAD)
Focus: Biotechnology industry with a subsector in Immunology
Directors:
Amit Munshi (CEO of Arena Pharmaceuticals and Former CEO of Epirus Biopharmaceuticals)
S-1 Link: https://www.sec.gov/Archives/edgar/data/1850272/000119312521180045/d143767ds1.htm
5) Northern Lights Acquisition Corp. (NLIT)
$100M, 1/2 warrant
Focus: Cannabis
S-1 Link: https://www.sec.gov/Archives/edgar/data/1854963/000110465921075303/tm2112515d2_s-1.htm
SPACs Leaving the Nest:
Jaws Acquisition Corp (JWS: $14.86) shareholders approved the business combination with Cano Health. The merger is expected to close on 6/3 and JWS is expected to begin trading as CANO on 6/4.
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Thursday, June 3rd
TS Innovation Acquisitions Corp. (TSIA: $11.10) Shareholder Meeting to Approve Business Combination with Latch
Juniper Industrial Holdings Inc. (JIH: $13.45) Shareholder Meeting to Approve Business Combination with Janus International
Friday, June 4th
Deerfield Healthcare Technology Acquisitions (DFHT: $14.85) Shareholder Meeting to Approve Business Combination with CareMax
GigCapital2, Inc (GIX: $9.92) Shareholder Meeting to Approve Business Combination with UpHealth and Cloudbreak
If you found this newsletter useful and you aren’t a subscriber yet, subscribe for free here:
Thanks for reading,