The Nightcap

Nightly recap of the day's SPAC highlights (March 19th, 2021)

March 19th, 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) SC Health Corp. (SCPE) & Rockley Photonics, supplier of integrated silicon photonic chips that will be used in a “clinic-on-the-wrist” sensing platform that enables “continuous, non-invasive monitoring of multi-modal biomarkers such as lactate, glucose, hydration, blood pressure, and core body temperature”.

  • $1.21B EV

  • $150M PIPE

Deal News Reports:

None today.

Notable S-1 Filings:

1) and 2) Lionheart III Corp (LHRT) and IV (LHIV)

  • LHRT: $100M, 1/3 warrant

  • LHIV: $250M, 1/3 warrant

  • Officers:

    • Ophir Sternberg (Founder & CEO of Lionheart Capital)

  • Directors:

    • Steven Berrard (Co-founder & Former Co-CEO of AutoNation, Former CEO of Blockbuster, and Former Chairman & CEO of Jamba)

  • Sponsor’s Previous SPAC Activity: Opes Acquisition Corp (OPES) merged with BurgerFi (BFI) last December. BFI closed the day at $15.55.

3) Colombier Acquisition Corp. (CLBR)

  • $150M, 1/3 warrant

  • Officers:

    • Omeed Malik (Founder & CEO of Farvahar Partners and Former Global Head of Hedge Fund Advisory at Bank of America Merrill Lynch)

  • Directors:

    • Ryan Kavanaugh (Founder & Former CEO of Relativity Media and Co-founder of Triller)

    • Keri Findley (Senior Managing Director of SuRo Capital, Former Partner at Third Point, Advisor to 8VC, and Director of Clearbanc)

4) TCV Acquisition Corp. (TCVA)

  • $350M, no warrants

  • Focus: Tech: Software, Internet, and Fintech

  • Officers:

    • 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)

5) Chain Bridge I (CBRG)

  • $300M, 1/3 warrant

  • Focus: “Innovative technology that can help the U.S. government and its allies successfully compete in the national security arena”

  • Officers:

    • Christopher Darby (CEO of IQT)

  • Directors:

    • Michael Morell (Former Deputy Director of the CIA

    • Letitia Long (Former Director of the National Geospatial-Intelligence Agency and Former Director of Raytheon)

6) Arena Fortify Acquisition Corp. (AFAC)

  • $200M, 1/3 warrant

  • Focus: Natural Resources companies that have “recently emerged from bankruptcy” or are restructuring

  • Officers:

    • Daniel Zwirn (CEO & CIO of Arena Investors and Founder & Former Managing Partner of D.B. Zwirn & Co)

7) Laris Media Acquisition Corp (LRIS)

  • $250M, 1/3 warrant

  • Focus: Music and Audio

  • Officers:

    • Darren Throop (CEO of Entertainment One (“eOne”), and Director of IMAX Corporation)

  • Director:

    • Simon Katz (Multi-platinum artist, songwriter and producer including as a band member of Jamiroquai and Gorillaz, Senior A&R executive at Republic Records, and Founder of Grand Central)

8) Coliseum Acquisition Corp. (MITA)

  • $150M, 1/3 warrant

  • Focus: Consumer companies at the intersection of sports, entertainment, digital media and/or technology

  • Officers:

    • Jason Stein (Co-founder & General Partner at SC Holdings)

  • Directors:

    • Rich Paul (Founder & CEO of Klutch Sports Group)

    • Jim Lanzone (CEO of Tinder, Former CEO of CBS Interactive, and Former CEO of Ask.com)

    • Andrew Heyer (Founder & CEO of Mistral Equity Partners and Serial SPAC sponsor)

9) Anthropos Capital Corporation (HUMC)

  • $250M, 1/3 warrant

  • Focus: Companies whose value proposition to clients is delivering human capital, including research and advisory, facility services, marketing and advertising, etc

  • Officers:

    • John Megrue (Co-Chairman of Bridgewater Associates, Former Co-CEO of Apax Partners, and Vice-Chairman of Radical Ventures)

  • Directors:

    • Michelle Horn (Chief Strategy Officer at Delta Airlines)

  • Sponsor Partners:

    • Jeffery Boyd (Former CEO of Booking Holdings, Chairman of Oscar Health, Director of Booking Holdings and The Home Depot)

    • Robert J. Mylod Jr. (Former CFO of Booking Holdings, Chairman of Booking Holdings & Vroom, Director of Redfin, and Dropbox)

SPACs Leaving the Nest:

  • CIIG Merger Corp (CIIC) shareholders approve the business combination with Arrival. The closing is expected to take place on 3/24 with CIIC starting to trade as ARVL on 3/25.

Upcoming Dates:

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

Monday, March 22nd:

  • Unit Splits: CF Acquisition Corp. V (CFV), TLG Acquisition One Corp. (TLGA), EQ Health Acquisition Corp. (EQHA), Growth Capital Acquisition Corp. (GCAC)

Wednesday, March 24th:

  • Unit Splits: Adara Acquisition Corp. (ADRA)

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)

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Thanks for reading,

SPAC Track