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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 1, 2021)
Discover and track all of the SPACs at spactrack.net.
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The Stats:
#SPAC Volume Leaders (11/1)
$DWAC 10.7M (-10.2%)
$SWBK 7.5M
$DCRC 6.1M
$VSAC-U 5.3M*
$DGNS 4M
$GGPI 3.8M
$AUS 3.5M
$SVFA 3.1M
$XPDI 2.7M
$RTPY 2.5M— SPAC Track (spactrack.io) (@SPACtrack)
10:36 PM • Nov 1, 2021
The Deals:
None today.
Merger Votes/ Completions:
Khosla Ventures Acquisition Co. II (KVSB) announces that 13% of public shares were redeemed and it expects the merger with Nextdoor to close on 11/5
Switchback II Corporation (SWBK) announces that its merger with Bird is expected to close on 11/4
Reinvent Technology Partners Y (RTPY) announces that it expects to close its merger with Aurora on 11/3 with the ticker change to AUR expected on 11/4
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Tracking De-SPAC S-1s (including PIPE resale registrations):
S-1 filings:
Wallbox (WBX: $16.09 +2.81%)
424B3 filings (S-1 likely to go effective tomorrow):
Renovacor (RCOR: $7.50 +2.04%)
Quick News:
Goldman Sachs is now offering a product known as “SPAC-linked structured notes” in order to give investors exposure to SPACs without having to own them. The notes are structured as a 2-year bond that pays interest. There will be no management fee. Goldman will make money by providing financing for the notes and keeping some of the returns from the SPACs.
New S-1s (5):
1) Jupiter Wellness Acquisition Corp. (JWAC)
$100M, 1 Right (1/8th sh)
Focus: Healthcare
2) EF Hutton Acquisition Corp. (EFHT)
$125M, 1/2 Warrant
Focus: Consumer and retail
Management:David Boral (CEO of EF Hutton)
3) Pomelo Acquisition Corporation Limited (PACL)
$75M, 1/2 Warrant
Focus: Asia-Pacific and North America
4) Seaport Global Acquisition II Corp. (SGII)
$125M, 1/2 Warrant
Focus: Companies undergoing transformational, transitional, or reorganizational business strategies
Directors:Charles Yamarone (Director of Redbox and Former Director of United Continental Holdings)
5) Arisz Acquisition Corp. (Ticker not available yet)
$60M, 1 Warrant, 1 Right (1/20th of a share)
Focus: Healthcare
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,