February 1st, 2021
Good evening,
Thank you for stopping by to read the first edition of “The Nightcap”, a (soon to be) 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, “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 Nightcap
What a wild day to start this off! Today’s 7 deal bonanza of a SPAC Merger Monday put last week’s 5 deal Merger Monday to shame.
As a recap from last Monday, Jan 25th:
$TSIA & Latch, $IACA & Taboola, $LCY & Hillman Group, $WPF & Alight, $SPRQ & Sunlight.
See the recap below from this morning:
Let’s start with the stats before we jump into the deals…
The SPAC Market Stats:
Volume Leaders:
Top Gainers:
Top Losers:
The Deals:
1) Tuscan Holdings Corp (THCB) & Microvast, an EV Battery developer
$3B Pro-forma equity value
$540M PIPE including investments from Oshkosh Corporation, funds and accounts managed by BlackRock, Koch Strategic Platforms and InterPrivate
2) Aspirational Consumer Lifestyle Corp (ASPL) & WheelsUp, a private aviation platform
$2.1B EV
$550M PIPE
3) Software Acquisition Group Inc. II (SAII) & Otonomo, an Israeli platform and marketplace for vehicle data.
$1.4B EV
$172M PIPE
4) Kismet Acquisition Corp (KSMT) & Nexters Global, a mobile and social game developer (flagship game is Hero Wars).
$1.9B EV
5) FAST Acquisition Corp (FST) & Fertitta Entertainment, the parent company of Golden Nugget/Landry's.
$6.6B EV
$1.2B PIPE
6) Leisure Acquisition Corp. (LACQ) & Ensysce Biosciences, a clinical-stage biopharma company working on prescription medicines that prevent drug abuse and overdoses.
$207M EV
7) The Bonus After Hours Deal:
Acies Acquisition Corp (ACAC) & PLAYSTUDIOS an online gambling-themed game developer backed by MGM Resorts International
$1.1B EV
$250M PIPE
New “In Talks” Reports:
(Reports from reputable publications on “talks” with a prospective merger partner):
No “in talks” reports today as of this writing.
Here is a list of the reports from this past week:
Below is the link to the full list of all the reports of SPACs "In Talks" along with status, article links, post-report returns, and some stats.
Notable New SPAC S-1 filings:
1) CM Life Sciences II (Ticker not available)
$200M, 1/3 warrant
Focused on Life Sciences
The previous SPAC, CM Life Sciences (CMLF), which priced its offering in September of last year has not announced a deal yet.
Chairman:
Keith Meister (Founder of Corvex Management; Former CEO of Icahn Enterprises; Director at MGM; Former Director at Yum! Brands, and Motorola)
2) New Vista Acquisition Corp (NVSA)
$200M, 1/2 warrant
Focused on Aviation, Aerospace, Defense
Chairman:
Dennis Muilenburg (Former CEO of Boeing from 2015-2019)
Directors:
Marion Blakey (Former CEO of Rolls-Royce North America; Former Administrator of the FAA)
General Stephen Wilson, Ret. (Retired 4-star US Air Force General)
Advisors:
Lieut. Gen. Herbert Raymond McMaster, Ret. (Retired US Army Lieutenant General; Former US National Security Advisor to President Trump)
Gen. Maryanne Miller, Ret. (Retired 4-star US Air Force General)
Dr. John Tracy (Former CTO of Boeing)
Paul Eremenko (CEO, Universal Hydrogen)
Gur Kimchi (Co-founded Amazon’s Prime Air delivery-by-drone project)
SPACs Leaving the Nest:
Novus Capital Corp ($NOVS) announced the completion of its business combination with AppHarvest. The post-merger company, AppHarvest Inc., began trading today on the NASDAQ as $APPH.
Visuals are tight:
In honor of Gores, one of the most serial of the serial SPAC sponsors, filing S-1’s for the 7th and 8th Gores Group SPACs (GSEV & GIIX respectively), below are all the completed Gores’ SPACs for you.
That concludes the first edition of The Nightcap by SPAC Track! This will become a nightly newsletter published every weeknight as soon as next month. For now, it will be a Merger Monday special!
See you next Monday.
Thanks,
