The Nightcap

Nightly recap of the day's SPAC highlights (April 13th, 2021)

April 13th, 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 Stats:

The Deals:

1) Altimeter Growth Corp (AGC) & Grab, the “superapp for deliveries, mobility, and financial services in Southeast Asia".

Deal News Reports:

1) PTK Acquisition (PTK) is in talks to merge with Valens Semiconductor, an Israeli chipmaker, at a $1-1.2B valuation, according to Bloomberg.

2) Alkuri Global Acquisition Corp. (KURI) is in talks to merge with Babylon, a digital healthcare service, at a $3-4B valuation, according to Bloomberg.

Notable IPOs to begin trading tomorrow (priced):

1) TCV Acquisition Corp. (TCVA)

  • $350M, no warrants

  • Focus: Tech: Software, Internet, and Fintech

  • Management:

    • Jay Hoag (Founding General Partner of TCV, Director of Electronic Arts, Netflix, Peloton, TripAdvisor, & Zillow)

    • Woody Marshall (General Partner of TCV and Director of GoFundMe, Newsela, Payoneer, Retail Merchant Services, Sojern, Spotify, and Nerdy)

  • Directors:

    • Katie Mitic (Co-founder & Co-CEO of SomethingElse, and Co-founder & Former CEO of Sitch

    • Tayloe Stansbury (CEO of Kaleidescape and Former CTO of Intuit)

S-1 Filings:

None today!

Upcoming Dates:

This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)

Wednesday, April 14th

  • SC Health Corp (SCPE) Shareholder Meeting to Extend Deadline for Business Combination

  • Tuscan Holdings Corp II (THCA) Shareholder Meeting to Extend Deadline for Business Combination

Thursday, April 15th

  • Unit Splits: Gores Holdings VII, Inc. (GSEV)

Friday, April 16th

  • dMY Technology Group, Inc. II (DMYD) Shareholder Meeting to Approve Business Combination with Genius Sports Group

  • Union Acquisition Corp II (LATN) Shareholder Meeting to Extend Deadline for Business Combination

If you would like to share the Nightcap nightly newsletter, click the link below.

Thanks for reading,

SPAC Track