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The Nightcap from SPAC Track
The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (November 11, 2021)
Discover and track all of the SPACs at spactrack.net.
Very light day today as the SEC was closed due to Veterans Day.
Thank you to all the Veterans out there!
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The Stats:
#SPAC Volume Leaders (11/11)
$LGVC-U 16.8M*
$VMGA-U 16.6M*
$AGC 8.6M (+12.5%)
$GGPI 6.5M
$SEAH 11.9M
$ASZ 5M
$DCRC 2.9M
$KAHC 2.7M
$SBEA 2.7M
$IPOF 2.5M*New IPO
— SPAC Track (spactrack.io) (@SPACtrack)
12:53 AM • Nov 12, 2021
The Deals:
None today.
If you find this newsletter useful, feel free to share it with a friend and suggest they subscribe:
Tracking De-SPAC S-1s (including PIPE resale registrations):
S-1s to see effective notices tomorrow (424B3s filed yesterday):
Enjoy Technology (ENJY: $8.25 +0.12%)
ESS Inc. (GWH: $15.02 -10.75%)
IPOs to begin trading tomorrow*:
1) Integrated Rail and Resources Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering (IRRX-U)
*Priced as of this writing
New S-1s:
None today — SEC closed.
Some Tweets to Occupy Your Time:
43 de-SPACs reported earnings today from the '20-21 class. '21 guidance updates by category through Q3 (current '21 guide verse '21 SPAC projection):
Raised - 22 (51% of total)
Reaffirmed - 4
No update - 5
Lowered - 12 (28%)spactrack.net/earnings/
— djohnson.eth (@DJohnson_CPA)
2:10 AM • Nov 11, 2021
The average return of the 168 De-SPACs (common shares return from IPO) that completed their mergers YTD is now +3.6%.
The average return of the 64 De-SPACs that completed their mergers in 2020 is +27%.
— SPAC Track (spactrack.io) (@SPACtrack)
10:05 PM • Nov 11, 2021
CNBC 2020 Disruptor List SPAC Basket
Average Return from SPAC IPO: 47%
De-SPAC: $SOFI-- $22.97, $DNA/Ginkgo-- $13.48
SPAC: $AURC/Better.com-- $9.94, $AGC/Grab-- $17.06, $VPCC/Dave-- $9.99— SPAC Track (spactrack.io) (@SPACtrack)
10:47 PM • Nov 11, 2021
Happy Veterans Day to the brave ones who have given their blood & sweat / hearts & minds / souls & lives to protect & serve the people of this country and others in need around the world.
Thank you. https://t.co/ZvF
— Stock Talk Weekly (@stocktalkweekly)
1:57 PM • Nov 11, 2021
Upcoming Dates:
This Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes
See the full calendar here.
Thanks for reading,