The Nightcap from SPAC Track

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (January 12, 2021)

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The Stats:

The Deals (we got 1!):

1) Viveon Health Acquisition Corp. (VHAQ: warrants +6.38%) & Suneva Medical

  • Deal information for Pro subscribers

Merger Votes/ Completions:

  • Decarbonization Plus Acquisition Corporation II (DCRN) shareholders approved its merger with Tritium

    • Closing is expected to be 1/13 with the ticker change to DCFC on 1/14

    • DCRN had earlier announced that:

      • Tritium has waived the min. cash condition

      • DCRN expects to receive backstop commitments from Tritium shareholders and the sponsor to purchase up to $45M of shares post-closing at $6 per share

Quick News:

  • CC Neuberger Principal Holdings III (PRPC) entered into a backstop agreement with Neuberger Berman affiliate of up to $300M

  • Greenrose Acquisition Corp. (GNRS) terminated its merger agreement Futureworks

    • Initially, GNRS announced the deal with Theraplant, Shango Holdings, Futureworks, and assets of True Harvest.

    • Subsequently, the SPAC announced that it would only merge with Theraplant and assets of True Harvest, and acquire the other two companies after the initial merger. The SPAC transaction was completed with just Theraplant. The company announced that it had closed its acquisition of the assets of True Harvest on Jan 3

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S-4 Activity:

  • Pro subscriber content only

Tracking De-SPAC S-1s (including PIPE resale registrations):

  • Pro subscriber content only

New S-1s:

None today

Upcoming Dates:

Upcoming Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, Earnings, and Expected Ticker Changes

See the full calendar here.

The Pro edition of the Nightcap newsletter is sent to SPAC Track Pro subscribers and includes: deal details, S-1 registration details, S-4 merger filing updates, post-closing S-1 updates (incl. PIPE share registrations), and quick links to investor presentations, press releases, and relevant filings.

Sign up for SPAC Track Pro with 10% off of the first month or the first year of the annual subscription with the coupon: ‘10NIGHTCAP2022’.The Pro edition of the Nightcap newsletter is sent to SPAC Track Pro subscribers and includes: deal details, S-1 registration details, S-4 merger filing updates, post-closing S-1 updates (incl. PIPE share registrations), and quick links to investor presentations, press releases, and relevant filings.

Sign up for SPAC Track Pro with 10% off of the first month or the first year of the annual subscription with the coupon: ‘10NIGHTCAP2022’.

Thanks for reading,

SPAC Track

Note: Common share price changes are only included if 5%+
DISCLAIMER: The information provided in this newsletter is for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. SPAC Track and its parent, CommonFi, do not make any guarantees, representations, or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, or accuracy of any of the information or data provided in this newsletter or on the SPAC Track website.