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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 29, 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 (12/29)
$EOCW 5M
$GGPI 2.8M
$DCRN 2.1M
$CFVI 1.6M
$KVSC 1.3M
$CFIV 1.3M
$IPOF 1.2M
$GMII 1.2M
$DWAC 1M
$PSTH 1M— SPAC Track (spactrack.io) (@SPACtrack)
9:31 PM • Dec 29, 2021
The Deals:
None today.
News:
TPG Pace Beneficial Finance and EVBox Group Mutually Agree to Terminate Business Combination Agreement
TPG Pace Beneficial Finance Corp. (TPGY), a publicly traded special purpose acquisition company, and EV Charged B.V. (“EVBox Group”), today announced that TPG Pace, Edison Holdco B.V., New TPG Pace Beneficial Finance Corp., ENGIE New Business S.A.S. (“Engie Seller”) and EVBox Group have mutually agreed to terminate their previously announced business combination agreement, effective immediately.
TPG Pace intends to continue to pursue the consummation of a business combination with an appropriate target. With the agreement terminated, TPG Pace, Engie Seller and EVBox Group may (but are not required to) continue to discuss a potential business combination transaction involving TPG Pace and EVBox Group.
The merger was announced in December of 2020.
Merger Votes/ Completions:
NextGen Acquisition Corp. II (NGCA) completed its merger with Virgin Orbit. Ticker change to VORB set for tomorrow
The transaction raised appx $228M after an estimated ~82% of the public shares were redeemed
Athena Technology Acquisition Corp. (ATHN) released redemption numbers: 22.7M shares were redeemed, or an estimated ~91% of the public SPAC shares
The transaction is expected to close on 12/30, with the ticker change to HLGN on 12/31
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Quick News:
FiscalNote, Duddell Street Acquisition Corp.’s (DSAC) merger partner, announced it has entered into a definitive agreement to acquire Aicel Technologies a Korean alternative data company
IPOs*:
1) Aetherium Acquisition Corp. Prices $100 Million Initial Public Offering (GMFI-U)
*Priced as of this writing
S-4 Activity (Pro subscribers only):
Tracking De-SPAC S-1s (including PIPE resale registrations*) (Pro subscribers only):
3 updates today
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.
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,