The Nightcap from SPAC Track

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (January 4, 2021)

Discover and track all of the SPACs at spactrack.io.

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If you haven’t subscribed to this Free nightly newsletter, you can do so below.

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The Stats:

SPAC Track @SPACtrack

#SPACVolume Leaders (1/4) $GGPI 3M $IPOF 2.8M $TREB 2.4M $XPDI 2.4M $FOUN 2.2M $MTAL 2.1M $POND 2.1M $CFVI 1.7M $AAC 1.5M $LNFA 1.5M

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The Deals:

None today - and no deals announced this year as of yet. But no need to worry:

SPAC Track @SPACtrack

The first deal announcement of 2021 was Jan 7th: $IPOE + SoFi ( $SOFI). We now have over 3x the SPACs out searching for a merger partner than there were in Jan '21.

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Merger Votes/ Completions:

• VPC Impact Acquisition Holdings III, Inc. (VPCC) shareholders approved its merger with Dave

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Quick News:

• Globis Acquisition Corp. (GLAQ) enters into a PIPE agreement for its merger with Forafric for up to 1.9M shares at a purchase price of $10.50 per share

  • Additionally, affiliates of Up and Up Capital, LLC and the Globis sponsors subscribed for $9.5M in convertible bonds from Forafric that will automatically convert into ordinary shares at a 10% discount to the PIPE Investment

• FTAC Athena Acquisition Corp.’s (FTAA) merger partner, Pico, announces it has acquired Redline Trading Solutions, a provider of high-performance trading and market data software solutions

• Novus Capital Corporation II (NXU) announces an additional $50M PIPE investment for its merger with Energy Vault, bringing the total PIPE proceeds to $150M

• Thayer Ventures Acquisition Corporation’s (TVAC) PIPE subscription agreements expired on December 30th and the SPAC has re-confirmed commitments of ~87% of the prior committed amount. The total PIPE proceeds have decreased from $103.5M to $89.5M

• Ex-Citi exec, SPAC directors must face trial over MultiPlan (MPLN -5.1%) deal (Reuters)

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IPOs*:

1) Cartica Acquisition Corp Announces Pricing of $200 Million Initial Public Offering (CITE-U)

*Priced as of this writing

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S-4 Activity (Pro subscribers only):

• 5 updates today

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Tracking De-SPAC S-1s (including PIPE resale registrations*) (Pro subscribers only):

• 3 updates today

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New S-1s:

None today

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Upcoming Dates:

Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes

See the full calendar here.

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The Pro edition of the Nightcap newsletter is sent to SPAC Track Pro subscribers and includes: deal details, S-1 registration details, S-4 merger filing updates, post-closing S-1 updates (incl. PIPE share registrations), and quick links to investor presentations, press releases, and relevant filings.

Sign up for SPAC Track Pro with 10% off of the first month or the first year of the annual subscription with the coupon: ‘10NIGHTCAP2022’.

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Thanks for reading,

SPAC Track

spactrack.io

Note: Common share price changes are only included if 5%+

DISCLAIMER: The information provided in this newsletter is for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. SPAC Track and its parent, CommonFi, do not make any guarantees, representations, or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, or accuracy of any of the information or data provided in this newsletter or on the SPAC Track website.