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- A light news week with rollercoaster De-SPAC action
A light news week with rollercoaster De-SPAC action
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (September 17, 2021)
Discover and track all of the SPACs at spactrack.net.
Interesting Stats of the Day:
The average return of De-SPACs (only common shares return from IPO) that completed their mergers YTD is now +7.7%.
On Aug 23rd, this number was at -6.3%.
The top performer, IronNet (which had 93% of shares redeemed prior to its merger closing on 8/26), is up 203% ($30.26).
While the bottom performer is Ensysce Biosciences at -71% ($2.95).
The Stats:
#SPAC Volume Leaders (9/17)
$SPFR 4.1M
$PSTH 3.0M
$VIH 2.8M
$PPGH 2.0M
$DMYI 2.0M
$TPGS 1.9M
$FUSE 1.8M
$CAHC 1.8M
$VYGG 1.7M
$IPOF 1.4M— SPAC Track (spactrack.io) (@SPACtrack)
8:25 PM • Sep 17, 2021
De-SPAC* Volume Leaders (9/17)
$LCID 103M (+8.4%)
$HLBZ 67M (+96.5%)
$SOFI 55M
$MPLN 28M (+5.1%)
$HIPO 27M
$SPCE 23M (+7.8%)
$CLOV 22M
$ALIT 21M
$BFLY 21M
$ETWO 20M*completed mergers 2019-
— SPAC Track (spactrack.io) (@SPACtrack)
8:35 PM • Sep 17, 2021
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The Deals:
None today
Tracking De-SPAC S-1s (PIPE Registrations):
Ginkgo Bioworks’ (DNA: $12.18 +6.65%) S-1 went effective
Helbiz (HLBZ: $17.69 +96.56%) filed its S-1/A
New S-1s:
None today.
Upcoming Dates:
Next Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, and Expected Ticker Changes
Mon, Sep 20
Warrant Redemption: Stem (STEM) Redemption of Public Warrants
Expected Ticker Change:D8 Holdings Corp (DEH) → Vicarious Surgical (RBOT)
Unit Splits: Metals Acquisition Corp (MTAL-U)XPAC Acquisition Corp. (XPAX-U)
Tues, Sep 21
Merger Meeting: Fusion Acquisition (FUSE) & MoneyLion
Expected Ticker Change:TPG Pace Tech Opportunities (PACE: $11.16 +10.93%) → Nerdy (NRDY)
Wed, Sep 22
Merger Meetings: Union Acquisition Corp II (LATN) & ProcapsCerberus Telecom Acquisition Corp (CTAC) & KORE
Thanks for reading,