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:
#SPAC Volume Leaders (6/28)
$CCIV 18.6M
$PSTH 2.8M
$SRNG 2.7M
$NGCA 2.2M
$TWCT 2.2M
$GSAH 1.8M
$HOL 1.7M
$PSAC 1.6M
$LCAA 1.5M
$CMLF 1.4M— #SPAC Track (spactrack.io) (#@SPACtrack)
9:28 PM • Jun 28, 2021
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:
Founded in 2007, The Oncology Institute of Hope and Innovation is one of the largest community oncology practices in the U.S. as well as our nation’s leading value-based oncology services platform. The Oncology Institute provides care through more than 80 physicians and advanced practice providers in 50+ clinic locations, with more than 500 total employees helping to offer leading-edge, evidence-based cancer care to a population of more than 1 million patients.
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)
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)
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)
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
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)
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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