The Nightcap: The 1st of the 349 SPACs to IPO in 2021 has Left the Building

Good evening,

Thanks for reading “The Nightcap”, a nightly recap of the highlights of the SPAC world. You can always discover and track all of the SPACs at spactrack.net.

The Stats:

The Deals:

1) DFP Healthcare Acquisitions Corp. (DFPH: $10.00) & The Oncology Institute

• DFP Healthcare Acquisitions Corp. Announces Proposed Business Combination With The Oncology Institute (Press Release)

• Merger Partner Description:

• Valuation: $842M EV

• PIPE: $275M including investments from Fidelity Management & Research Company LLC, Deerfield Management Company, L.P. and Redmile Group

• The Oncology Institute Investor Presentation

Deal News Reports:

None today.

Quick News Corner:

• Thoma Bravo Advantage (TBA: $10.98) completed its merger with ironSource. TBA will begin trading as IS tomorrow. TBA was the first SPAC that IPO’d in 2021 (on Jan 14) to complete its business combination.

• FTAC Olympus Acquisition Corp. (FTOC) completed its merger with Payoneer (PAYO: $10.60). FTOC began trading as PAYO today.

• Forest Road Acquisition Corp. (FRX) completed its merger with The Beachbody Company Group and Myx Fitness. The combined company, The Beachbody Company (BODY: $12.74) started trading as BODY today.

• ION Acquisition Corp. 1 Ltd. (IACA: $10.18) shareholders approve merger with Taboola. IACA is expected to begin trading as TBLA on June 30.

• Singapore’s Carousell Explores U.S. Listing Via SPAC (article behind paywall)

• Iron Spark I Inc. (ISAA: $9.92) Announces Quarterly Cash Dividend

New S-1 Filings:

1) Chavant Capital Acquisition Corp. (CLAY)

• $100M, 3/4 warrant

• Focus: Advanced manufacturing and advanced materials technology

• Management:

  • André-Jacques Auberton-Hervé (Co-founder & Chairman Emeritus of Soitec)

• S-1 Link: https://www.sec.gov/Archives/edgar/data/1855467/000110465921085853/tm2112269d2_s1.htm

2), 3), 4), 5) Navigation Capital Acquisition Corp VI, VII, VIII, and IX (Tickers not yet available)

• All four SPACs are $150M, 1/3 warrant

• 2) Navigation Capital Acquisition Corp VI

  • Focus: Fintech

  • Management:

    • Dennis Lockhart (Former CEO of the Federal Reserve Bank of Atlanta)

  • S-1 Link: https://www.sec.gov/Archives/edgar/data/1858766/000119312521201847/d312087ds1.htm

• 3) Navigation Capital Acquisition Corp VII

  • Focus: Technology, media and telecommunications (TMT)

  • Management:

    • Darrell Mays (Managing Partner of Navigation Capital and Former CEO of American Virtual Cloud Technologies, Inc.)

  • Directors:

    • Kimberly Paige (CMO of BET Networks)

  • S-1 Link: https://www.sec.gov/Archives/edgar/data/1860430/000119312521201862/d63915ds1.htm

• 4) Navigation Capital Acquisition Corp VIII

  • Focus: Niche manufacturing services

  • Management:

    • Dr. Lonnie Johnson

      • NASA scientist and inventor

      • Former Senior Systems Engineer at NASA’s Jet Propulsion Laboratory in Pasadena, California, where he worked on the Galileo mission to Jupiter, the Mars Observer project and the Cassini (Saturn) project

      • Inventor of the SuperSoaker water gun and several Nerf dart guns

  • S-1 Link: https://www.sec.gov/Archives/edgar/data/1859601/000119312521201874/d10499ds1.htm

• 5) Navigation Capital Acquisition Corp IX

  • Focus: Business and distribution services

  • Management:

    • David Panton (Co-founder of Navigation Capital Partners)

  • Directors:

    • Jerome “The Bus” Bettis (Pro Football Hall of Famer)

  • S-1 Link: https://www.sec.gov/Archives/edgar/data/1860120/000119312521201912/d120236ds1.htm

Upcoming Dates:

This Week’s Shareholder Meetings and Unit Splits:

Tuesday, June 29th

• Climate Change Crisis Real Impact I Acquisition Corp (CLII: $16.50) Shareholder Meeting to Approve Business Combination with EVgo

• Falcon Capital Acquisition Corp. (FCAC: $10.26) Shareholder Meeting to Approve Business Combination with Sharecare

• Therapeutics Acquisition Corp (d/b/a Research Alliance Corp) (RACA: $10.06) Shareholder Meeting to Approve Business Combination with POINT Biopharma

• Northern Star Investment Corp. II (NSTB: $9.99) Shareholder Meeting to Approve Business Combination with Apex Clearing (Preliminary Date— could change)

Wednesday, June 30th

• Holicity Inc. (HOL: $11.50) Shareholder Meeting to Approve Business Combination with Astra

• Alussa Energy Acquisition Corp (ALUS: $9.64) Shareholder Meeting to Approve Business Combination with FREYR Battery

• Apex Technology Acquisition Corp (APXT: $12.38) Shareholder Meeting to Approve Business Combination with AvePoint

• Foley Trasimene Acquisition Corp (WPF: $9.99) Shareholder Meeting to Approve Business Combination with Alight

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