The Nightcap

Nightly recap of the day's SPAC highlights (April 23rd, 2021)

April 23rd, 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:

None today.

Deal News Reports:

  • SVF Investment Corp. 3 (SVFC), a SoftBank sponsored SPAC, is in talks to merge with MapBox, a mapping technology company that describes itself as “Photoshop for maps” and portfolio company of SoftBank’s Vision Fund, at a valuation of between $1.5-2B, according to Sky News.

S-1 Filings:

1) SPK Acquisition Corp. (SPKU)

  • $50M, 1 warrant

  • Focus: Asia, TMT

2) Focus Impact Acquisition Corp. (Ticker not available yet)

  • $250M, 1/2 warrant

  • Focus: “Social-Forward Companies”: companies aligned with one or more of four UN SDGs: Three (Good Health and Well-being); Four (Quality Education); Eight (Decent Work and Economic Growth); and Ten (Reduced Inequality)

  • Management:

    • Wes Moore (CEO of Robin Hood Foundation — no, not that one)

  • Directors:

    • Troy Carter (Director of WeTransfer and SoundCloud)

    • Jerri DeVard (Former CMO of Nokia and Director of Under Armour & Cars.com)

SPACs Leaving the Nest:

  • Northern Genesis Acquisition Corp. (NGA) shareholders approved the business combination with Lion Electric. Upon completion of the merger, NGA will trade as LEV.

Upcoming Dates:

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

Monday, April 26th

  • Unit Splits: dMY Technology Group, Inc. IV (DMYQ), InterPrivate II Acquisition Corp. (IPVA), InterPrivate IV InfraTech Partners Inc. (IPVI), InterPrivate III Financial Partners Inc. (IPVF), M3-Brigade Acquisition II Corp. (MBAC), Atlantic Coastal Acquisition Corp. (ACAH), Altimar Acquisition Corp. III (ATAQ), Warburg Pincus Capital Corp I-A (WPCA), Warburg Pincus Capital Corp I-B (WPCB)

Tuesday, April 27th

  • Star Peak Energy Transition Corp (STPK) Shareholder Meeting to Approve Business Combination with Stem

Wednesday, April 28th

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

Thursday, April 29th

  • Vesper Healthcare Acquisition Corp. (VSPR) Shareholder Meeting to Approve Business Combination with HydraFacial

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Thanks for reading,

SPAC Track