The Nightcap from SPAC Track

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (November 4, 2021)

Discover and track all of the SPACs at spactrack.net.

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The Stats:

The Deals:

1) Quantum FinTech Acquisition Corporation (QFTA: warrants +78.4%) & TradeStation

Merger Partner Description:

TradeStation has, for decades, been a fintech pioneer in its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web and mobile, as well as via API technologies which seamlessly provide access to TradeStation’s brokerage environment through third-party platforms. TradeStation’s offerings also include a deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders.

  • Valuation: $1.43B EV

  • PIPE: $115M led by Monex Group, Inc. and Galaxy Digital LP, $50 million each, and including XBTO Ventures, LLC and Appian Way Asset Management

  • Press Release

  • Investor Presentation

After-Hours Deal:

2) AGBA Acquisition Limited (AGBA) & TAG Companies

Merger Partner Description:

OnePlatform Holdings Limited ("OPH") and TAG Asia Capital Holdings Limited ("Fintech") (collectively "Platform Businesses") form an integral part of TAG's wider portfolio of companies. Through their wholly-owned subsidiaries, OPH is engaged in business-to-business (or B2B) services and Fintech is engaged in the financial technology or fintech business. The Platform Businesses are wholly-owned by TAG Holdings Limited ("TAG").

  • Valuation: $555M EV

  • PIPE: Up to $35M

  • Press Release

  • No Investor Presentation filed as of yet

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

424B3 filings (S-1 likely to go effective tomorrow):

Quick News:

IPOs to begin trading tomorrow*:

1) Intelligent Medicine Acquisition Corp. Announces Pricing of Upsized $180,000,000 Initial Public Offering (IQMD-U)

2) Mountain & Co. I Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering (MCAA-U)

3) New Providence Acquisition Corp. II Announces Pricing of Upsized $225 Million Initial Public Offering (NPAB-U)

4) Rigel Resource Acquisition Corp. Announces Pricing of $275 Million Initial Public Offering (RRAC-U)

5) 7 Acquisition Corporation Announces Pricing of $200 Million Initial Public Offering (SVNA-U)

*Priced as of this writing

New S-1s (1):

  • $150M, 1/2 Warrant

  • Focus: Tech in India (or with strong connection to India)

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,

SPAC Track

Note: Share prices only included if 5%+ moves and for all De-SPAC PIPE entries
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.