The Nightcap

Nightly recap of all the day's SPAC highlights (Feb 10th, 2021)

February 10th, 2021

Good evening,

Thanks for reading “The Nightcap”, a nightly recap of all the day’s highlights in the SPAC world. In this newsletter, you will find a breakdown of the day’s deals, IPO’s, “in talks” reports, and noteworthy new SPAC S-1 filings.

Of course, you can always discover and track all of the SPACs at spactrack.net.

The SPAC Market Stats:

Volume Leaders:

Top Gainers:

Top Losers:

The Deals:

1) CM Life Sciences, Inc (CMLF) & Sema4, “an AI- and machine learning-driven patient-centered genomic and clinical data intelligence company.”

  • $2.07B EV

  • $350M PIPE including investments from SB Management, a subsidiary of SoftBank Group Corp, and funds and accounts managed by Blackrock

  • CMLF closed the day at $22.10 (+42.4%)

2) Atlas Crest Investment Corp. (ACIC) & Archer Aviation, an electric aircraft company that is developing “environmentally sustainable air taxis.”

  • $2.7B EV

  • $600M PIPE including investments from United Airlines, Ken Moelis (ACIC Chairman and Chairman & CEO of Moelis & Company), and Mark Lore (Founder of Jet.com)

  • ACIC closed the day at $13.68 (+21.71%)

3) Forest Road Acquisition Corp. (FRX) & Beachbody, a fitness & nutrition company, and Myx Fitness, a home cycling company.

  • $2.9B EV

  • $225M PIPE

  • FRX closed the day at $11.67 (+8.46%)

4) FG New America Acquisition Corp. (FGNA) & Opportunity Financial, a fintech platform that offers financial services, including credit access, to the “Everyday Consumer”

  • $9.09M EV

  • FGNA closed the day at $11.30 (+5.61%)

Today’s Notable IPO’s:

1) Goal Acquisitions Corp (PUCK.U) — will trade tomorrow

  • $225M, 1 warrant

  • Focus: Professional Sports Teams & Media sectors (including sports tech, gaming & e-sports)

  • CEO:

    • Harvey Schiller (Former CEO of YankeeNets and Former Executive Director of the US Olympic Committee)

  • Advisors:

    • Jon Miller (Fomer Chairman and CEO of AOL and Director of AMC Networks)

Notable New SPAC S-1 filings:

1 and 2) Austerlitz Acquisition Corp I (AUS) and Austerlitz Acquisition Corp II (ASZ)

  • Austerlitz Acquisition Corp I (AUS)

    • $500M, 1/4 warrant

    • Focus: Fintech

  • Austerlitz Acquisition Corp II (ASZ)

    • $1B, 1/4 warrant

    • Focus: Fintech

  • Founder and Director:

    • Bill Foley (Founder and Chairman of Fidelity National Financial, Chairman of Cannae Holdings, and Owner of the Vegas Golden Knights NHL Team)

3) Supernova Partners Acquisition Co II, Ltd. (SNII)

  • $250M, 1/4 warrant

  • Focus: Tech (Enterprise)

  • Co-Chairs:

    • Spencer Rascoff (Co-founder and Former CEO of Zillow, Co-founder of Hotwire and Director of Palantir)

    • Alexander Klabin (Co-founder of Senator Investment Group, Executive Chairman of Sotheby’s Financial Services)

4) Freedom Acquisition I Corp. (FACT)

  • $250M, 1/3 warrant

  • Focus: Financial Services, Fintech

  • Affiliate of PIMCO

  • Executive Chairman:

    • Tidjane Thiam (Former CEO of Credit Suisse Group AG, Former CEO of Prudential plc, Former Director of 21st Century Fox, and Director of Kering)

Upcoming Events:

Tomorrow’s Shareholder Meetings:

  • Switchback Energy Acquisition Corp (SBE) Shareholder Meeting to Approve Business Combination with ChargePoint

Tomorrow’s Unit Splits (common shares and warrants to commence trading separately from underlying units):

  • Northern Star Investment Corp II (NSTB)

SPACs Leaving the Nest:

  • Panacea Acquisition (PANA) completed its business combination with Nuvation Bio. Will trade as NUVB starting tomorrow.

  • Mountain Crest Acquisition Corp (MCAC) completed its business combination with Playboy. Will trade as PLBY starting tomorrow.

Thank you for reading.

Thanks,

SPAC Track