The Nightcap

Nightly recap of the day's SPAC highlights (April 27th, 2021)

April 27th, 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) Blue Water Acquisition Corp. (BLUW) & Clarus Therapeutics, “a pharmaceutical company dedicated to providing solutions to unmet medical needs by advancing androgen and metabolic therapies for men and women”.

  • $215.9M EV

  • $25M PIPE

Deal News Reports:

1) Galileo Acquisition Corp (GLEO) is said to be nearing a merger deal with Shapeways, a 3D-printing technology company, at a valuation of $410M, according to Reuters.

S-1 Filings:

1) Mountain Crest Acquisition Corp. III (MCAE)

  • $50M, no warrants, 1 right (1/10th of a share)

  • Sponsor’s Previous SPAC Activity:

    • Mountain Crest Acquisition Corp. II (MCAD: $9.91) announced a merger deal with Better Therapeutics earlier this month

    • Mountain Crest Acquisition Corp I completed their merger with Playboy (PLBY: $53.35) in February

SPACs Leaving the Nest:

  • Star Peak Energy Transition Corp (STPK) shareholders approved the business combination with Stem. STPK will trade as STEM upon merger completion

Upcoming Dates:

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

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

  • 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,

SPAC Track