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Fanatics with the steal
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (January 3, 2022)
Discover and track all of the SPACs at spactrack.io.
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The Stats:
#SPACVolume Leaders (1/3)
$GGPI 4.4M
$CFVI 2.2M
$IPOF 1.6M
$CNDA 1.4M
$XPDI 1.3M
$MAQC 1.3M
$LEGA 1.1M
$SEAH 1.1M
$DCRN 1.1M
$CVII 1M— SPAC Track (spactrack.io) (@SPACtrack)
11:59 PM • Jan 3, 2022
The Deals:
None today.
News:
Fanatics acquires Topps trading cards (CNBC)
Michael Rubin’s e-commerce company Fanatics has acquired Topps trading cards, sources close to the deal confirmed to CNBC on Monday night.
Terms of the agreement were not available, but industry sources put the deal at roughly $500 million. It will include only Topps’ name and sports and entertainment division, but not the company’s candy and gift cards line, one source said.
Fanatics and Topps declined to provide comment.
An announcement is expected Tuesday.
Last year, Topps was valued at $1.3 billion in a SPAC merger with Mudrick Capital Acquisition Corp. II (MUDS).
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Quick News:
Capstar Special Purpose Acquisition Corp. (CPSR) enters into backstop agreement, for its merger with Gelesis, with PureTech Health and SSD2 of up to 1.5M shares and “at the closing of the sale of the Backstop Purchase Shares, the Company will issue to the Purchasers 1,983,750 Capstar Class A Shares”
Malacca Straits Acquisition Company Limited (MLAC) extends deadline to October 17 with 9.7M shares redeemed
S-4 Activity (Pro subscribers only):
6 updates today
Tracking De-SPAC S-1s (including PIPE resale registrations*) (Pro subscribers only):
8 updates today
New S-1s (1):
1) GLA II Meteora Acquisition Corp. (GLAA)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes
See the full calendar here.
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.
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Thanks for reading,