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The Nightcap
Nightly recap of the day's SPAC highlights (April 28th, 2021)
April 28th, 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:
#SPAC Volume Leaders (4/28)
$CCIV 19.0M
$MRAC 11.8M (Definitive Agreement with Enjoy Technologies, -0.3%)
$MUDS 11.0M
$WPF 3.4M
$SEAH 3.1M
$JWSM 3.0M
$THCB 2.8M
$VSPR 2.1M (+11.1%)
$REVH-U 1.9M
$GOAC 1.8M— SPAC Track (spactrack.io) (@SPACtrack)
8:20 PM • Apr 28, 2021
The Deals:
1) Marquee Raine Acquisition Corp. (MRAC) & Enjoy Technologies, a “mobile retail store” that is partnered with companies like AT&T to offer home delivery and in-person set up of mobile devices.
$1.18B EV
$80M PIPE
2) Galileo Acquisition Corp (GLEO) & Shapeways, a 3D-printing technology company.
$410M EV
$75M PIPE including investments from Miller Value, XN, Desktop Metal and existing investors: Lux Capital, Union Square Ventures, INKEF Capital, and Andreesen Horowitz
Deal News Reports:
None today.
IPOs to Begin Trading Tomorrow:
1) Big Sky Growth Partners (BSKY.U)
$300M, 1/4 warrant
Focus: Internet Retail and Direct-to-Consumer
Chairman & CEO: Mark Vadon (Co-founder of Zulily, Former Chairman of Chewy)
Directors:
Joseph Zwillinger (Co-founder of Allbirds)
Michael Smith (Director & Former COO of Stitch Fix, Former COO of Walmart.com, Director of Ulta Beauty)
S-1 Filings:
None today.
SPACs Leaving the Nest:
Star Peak Energy Transition Corp (STPK) completed its business combination with Stem. STPK will trade as STEM starting tomorrow, 4/29.
Upcoming Dates:
This Week’s Shareholder Meetings and Unit Splits (common shares and warrants to commence trading separately from underlying units)
Thursday, April 29th
Vesper Healthcare Acquisition Corp. (VSPR) Shareholder Meeting to Approve Business Combination with HydraFacial
Unit Splits: Independence Holdings Corp. (ACQR)
Friday, April 30th
Unit Splits: Colonnade Acquisition Corp. II (CLAA), Forest Road Acquisition Corp. II (FRXB)
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Thanks for reading,