March 24th, 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:
The Deals:
No deals.
Deal News Reports:
1) D8 Holdings Corp. (DEH) is in talks to merge with Vicarious Surgical, a developer of medical robot technology backed by Bill Gates, at a valuation of around $1.1B, according to Bloomberg.
Notable IPO’s to begin trading tomorrow:
1) Landcadia Holdings IV, Inc. (LCA.HU)
$500M, 1/4 warrant
Focus: Consumer, Dining, Hospitality, Entertainment and Gaming
Tilman Fertitta’s 4th SPAC
Sponsor’s Previous SPAC Activity: Landcadia Holdings III merged with Fertitta’s Golden Nugget Online Gaming (GNOG) in December of last year.
Notable S-1 Filings:
1) NewHold Investment Corp. II (NHLD)
$175M, 1/4 Warrant
Focus: Industrial Tech
Directors:
Neil Glat (Former President of the New York Jets)
Sponsor’s Previous SPAC Activity:
NewHold Investment Corp. I (NHIC) announced a merger deal with Evolv Technology earlier this month.
2) Ascendant Digital Acquisition Corp. II (Ticker not available yet)
$300M, 1/3 warrant
Focus: Attention Economy (Media / Entertainment)
Officers:
Mark Gerhard (Former CEO and CTO of Jagex Game Studios: creator of Runescape)
Riaan Hodgson (Former COO and CFO of Jagex Game Studios)
Directors:
Mickie Rosen (Former Director of Pandora Media)
Michael Jesselson (Former Director of American Eagle Outfitters and Director of XPO Logistics)
Diane Nelson (Former COO of Content at Quibi, Former President of DC Entertainment)
Bob Foresman (Former Vice chairman of UBS Investment Bank)
Sponsor’s Previous SPAC Activity: Ascendant Digital Acquisition (ACND) announced a merger deal with Beacon Street Group earlier this month.
3) Spartan Acquisition Corp. IV (Ticker not available yet)
$400M, 1/5 warrant
Sponsor: Apollo
Focus: Energy with a particular focus on energy transition and sustainability
Sponsor’s Previous SPAC Activity: Spartan Acquisition Corp. II (SPRQ) announced a merger deal with Sunlight Financial in late January.
4) Horizon Acquisition Corporation III (HZNA)
$500M, 1/4 warrant
Officers:
Todd Boehly (Co-founder, Chairman and CEO of Eldridge)
Directors:
Haroon Mokhtarzada (Co-founder and CEO of Truebill)
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Thursday, March 25th:
Foley Trasimene Acquisition Corp. II (BFT) Shareholder Meeting to Approve Business Combination with Paysafe
Replay Acquisition Corp (RPLA) Shareholder Meeting to Approve Business Combination with Finance of America Equity Capital
Unit Splits: African Gold Acquisition Corp (AGAC), Thimble Point Acquisition Corp. (THMA), Noble Rock Acquisition Corporation (NRAC)
Friday, March 26th
Unit Splits: The Music Acquisition Corporation (TMAC), Goal Acquisitions Corp. (PUCK)
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Thanks for reading,
