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The Nightcap from SPAC Track
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (December 27, 2021)
Nightcap Newsletter Update:
The detailed version of the Nightcap newsletter has become the Pro version. It is exclusively offered to SPAC Track Pro subscribers. See the end of this newsletter for more information.
From now until the end of the year, we are offering 20% off of the first month or the first year of the annual subscription with the coupon: ‘20NIGHTCAP2021’.
Discover and track all of the SPACs at spactrack.io
If you haven’t subscribed to this Free nightly newsletter, you can do so below.
The Stats:
#SPACVolume Leaders (12/27)
$AOGO-U 3.3M (New IPO)
$GGPI 2.1M
$DGNU 1.8M
$CFVI 1.8M
$DWAC 1.7M
$CRHC 1.3M
$PSTH 1.1M
$GMII 1M
$PRPB 1M
$IPOF 0.9M— SPAC Track (spactrack.io) (@SPACtrack)
10:28 PM • Dec 27, 2021
The Deals:
None today.
News:
Colin Kaepernick SPAC Deal Collapses, Testing Celebrity Halo (WSJ)
The Change Co. seemed like the perfect company for Colin Kaepernick’s SPAC to buy. The California lender focuses on minority borrowers underserved by traditional banks, a snug fit with the former National Football League star’s social-justice activism.
But a deal ran aground last week over a peculiar issue: Mr. Kaepernick’s reluctance to stump for the merger on live television, people familiar with the matter said.
Mr. Kaepernick balked at requests from Change Co. executives that he sit for an appearance with George Stephanopoulos on “Good Morning America” and declined to participate in interviews as part of the rollout, according to an internal document.
The deal is now dead, these people said.
“The Change Company would proudly consider a partnership with Mr. Kaepernick—yesterday, today, or tomorrow,” the lender’s chief executive, Steven Sugarman, said in a written statement on Thursday that praised the former quarterback’s commitment to racial justice.
A spokesman for Mr. Kaepernick’s Mission Advancement Corp. (MACC) said that the company operates “with the highest ethical standards” and will “continue our work while we look for a great fit to merge with in 2022.”
Merger Votes/ Completions:
Pardes Biosciences (PRDS +8.37%) completed its merger FS Development Corp. II (FSII) and started trading as PRDS today
Fathom Digital Manufacturing (FATH -10.26%) completed its merger with Altimar Acquisition Corp. II (ATMR) and started trading as FATH today
Roman DBDR Tech Acquisition Corp. (DBDR) completed its merger with CompuSecure. Ticker change to CMPO set for tomorrow, 12/28
Merger Vote Set:
Capstar Special Purpose Acquisition Corp. (CPSR) & Gelesis: 1/11
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Quick News:
Li-Cycle (LICY) announces redemption of public warrants with a deadline of 1/26
Zanite Acquisition Corp. (ZNTE) adds $10M to the PIPE for its merger with Eve, bringing the total PIPE investment to $315M
Merida Merger Corp. I (MCMJ) entered into non-redemption agreements of up to 3.2M shares
Aurora Acquisition Corp. (AURC) files an 8-K update on its merger partner, Better, and the transaction:
Better’s Chief Executive Officer Vishal Garg is taking a break to reflect and refocus. During this time, Vishal Garg will remain Chief Executive Officer while Kevin Ryan will help oversee the leadership team and continue his duties as Chief Financial Officer. Aurora remains confident in Better and the proposed transaction.
IPOs*:
1) Welsbach Technology Metals Acquisition Corp. Announces Pricing of $75 Million Initial Public Offering (WTMA-U)
*Priced as of this writing
S-4 Activity (Pro subscribers only):
3 updates today
Tracking De-SPAC S-1s (including PIPE resale registrations*) (Pro subscribers only):
5 updates today
New S-1s (2):
1) Future Tech II Acquisition Corp. (FTII)
2) SHUAA Partners Acquisition Corp I (SHUA)
Upcoming Dates:
Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes
See the full calendar here.
Pro Nightcap
What is the difference between the Free and the Pro version of the Nightcap newsletter?
The Pro version of the Nightcap newsletter will contain much more detail (that will not be included in the free newsletter):
announced deal details (valuation, PIPE & additional financing details, merger partner descriptions)
New SPAC S-1 registration details (unit & warrant details, focus, and notable leadership)
S-4 merger filing updates
post-closing S-1 updates (incl. PIPE share registrations)
quick links to investor presentations, press releases, and relevant filings
What do I get with a SPAC Track Pro subscription?
SPAC Track Pro is a premium SPAC information service to discover, track, and analyze SPACs & De-SPACs. The Pro version of our SPAC Screener comes with 4x more data points than the free version and includes several other useful features such as premium filters and table views, a unified view of SPACs and De-SPACs, as well as unlimited downloads of the Active & De-SPAC list.
In addition, you will receive the Pro version of the Nightcap newsletter, which provides a highly detailed view of the daily activity in the SPAC world!
From now until the end of the year, we are offering 20% off of the first month or the first year of the annual subscription with the coupon: ‘20NIGHTCAP2021’.
To learn more about Pro and subscribe, click the link below!
Feel free to reach out with any questions or inquiries at [email protected].
Thanks for reading,