The Nightcap

Nightly recap of the day's SPAC highlights (March 29th, 2021)

March 29th, 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:

1) CM Life Sciences II Inc. (CMII) & SomaLogic, an “AI-data driven proteomics platform”.

  • $1.23B EV

  • $375M PIPE including investments from SB Management, a subsidiary of SoftBank Group Corp, separate accounts advised by ARK Invest, and a new strategic investor Illumina

2) Ajax I (AJAX) & Cazoo, an online car retailer in the UK “with a fast-growing presence in Europe".

  • $7B EV

  • $800M PIPE including new and existing investors including Altimeter, funds & accounts managed by BlackRock

Deal News Reports:

None.

Notable S-1 Filings:

1) Silverman Acquisition Corp I (SACQ)

  • $250M, 1/3 warrant

  • Focus: Consumer and Business Services

  • Officers:

    • Henry Silverman (Former COO & Vice Chairman of Apollo Global Management and Former CEO & Chairman of Cendant)

    • Stephen Holmes (Former Chairman & CEO of Wyndham Worldwide)

2) Apollo Strategic Growth Capital III (APGC)

  • $400M, 1/4 warrant

  • Officers:

    • Sanjay Patel  (Chairman International and Senior Partner of Private Equity of Apollo)

  • Directors:

    • Laurie Ann Goldman (Former CEO of Spanx)

3) Tribe Capital Growth Corp II (BTVC)

  • $300M, 1/4 warrant

  • Focus: Tech

  • Officers: Arjun Sethi (Co-founder of Tribe Capital and Former Partner of Social Capital)

  • Directors:

    • Richard Peretz (Former CFO of UPS)

    • Carol Foster (Former COO & CFO of SharesPost)

    • Duriya Farooqui (Director of InterContinental Hotels Group and Intercontinental Exchange)

  • Advisors:

    • Odell Beckham Jr. (NFL Player)

    • Henry Ward (CEO of Carta)

Upcoming Dates:

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

Wednesday, March 31st

  • Collective Growth Corp (CGRO) Shareholder Meeting to Approve Business Combination with Innoviz

Thursday, April 1st

  • Unit Splits: Priveterra Acquisition Corp. (PMGM), GigCapital4, Inc. (GIG), Evo Acquisition Corp. (EVOJ)

  • New Providence Acquisition Corp (NPA) Shareholder Meeting to Approve Business Combination with AST SpaceMobile

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Thanks for reading,

SPAC Track