The Nightcap from SPAC Track

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (October 15, 2021)

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

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The Stats:

SPAC Track @SPACtrack

#SPAC Volume Leaders (10/15) $FOUN-U 17.5M* $PEPL-U 8.9M* $SANB-U 8.8M* $AGC 7.4M $CDAQ-U 6.5M* $ADER 5.9M (Deal with Okada Manila, warrants -15.7%) $AVHI-U 3.8M* $IPOF 2.9M $XPDI 1.9M $GGPI 1.9M *New IPO

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The Deals:

1) 26 Capital Acquisition Corp. (ADER: warrants -15.66%) & Okada Manila

• Merger Partner Description:

Okada Manila is the premier casino and integrated resort in Entertainment City, Manila. Okada Manila is the largest integrated resort in the Philippines and amongst the largest in the world. Located in one of the fastest-growing gaming markets in Asia, Okada Manila sits on over 50 acres of land, and upon final completion will have licensed capacity to operate 974 gaming tables and 6,890 electronic gaming machines and have nearly 1,000 luxury hotel rooms.

• Valuation: $2.6B EV

• PIPE: No PIPE

• Press Release

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Merger Votes/ Completions:

• Enjoy Technology completed its merger with Marquee Raine Acquisition Corp. (MRAC)

  • Enjoy raised over $250M gross proceeds after an estimated ~55% of public shares were redeemed

  • The ticker will change to ENJY on Monday, 10/18

• VPC Impact Acquisition Holdings (VIH) completed its merger with Bakkt

  • ~41% of public shares were redeemed resulting in appx. $448M in gross proceeds

  • Ticker change to BKKT set for Monday, 10/18

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Quick News:

• GigCapital4 enters into FPAs with Glazer Capital & Highbridge in connection with the merger with BigBear.ai

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Tracking De-SPAC S-1s (including PIPE resale registrations):

• Nerdy (NRDY: $8.94 -0.89%) filed S-1

• Vicarious Surgical (RBOT: $10.57 -8.64%) filed S-1

• KORE Group Holdings (KORE: $6.83 -6.31%) filed S-1

• Sarcos Technology and Robotics Corporation (STRC: $6.50 -1.22%) filed S-1

• Renovacor (RCOR: $8.12 +0.77%) filed S-1

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New S-1s (3):

1) Bombax Healthcare Acquisition Corporation (Ticker not available yet)

• $50M, 1/2 Warrant

• Focus: Healthcare

2) Sculptor Acquisition Corp I (SCUA)

• $200M, 1/2 Warrant

• Focus: Real Estate

• Management:

  James Levin (CEO of Sculptor Capital)

  Steven Orbuch (Founder of Sculptor Real Estate)

3) Finnovate Acquisition Corp. (FNVT)

• $150M, 3/4 Warrant

• Focus: Tech in Israel

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Upcoming Dates:

Next Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, and Expected Ticker Changes

See the full calendar here.

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Thanks for reading,

SPAC Track

spactrack.net

Note: Share prices only included if 5%+ moves and for all De-SPAC PIPE entries

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.