The Nightcap from SPAC Track

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (November 22, 2021)

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

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The Stats:

The Deals:

None today.

Merger Votes/ Completions:

  • Leo Holdings III Corp (LIII) completed its merger with Local Bounti (LOCL) and began trading as LOCL today

  • Merger Vote Set: 

    • Isos Acquisition Corporation (ISOS) & Bowlero: 12/14

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

S-1 filings:

Quick News:

  • Hillman Solutions (HLMN) announces redemption of public warrants with a deadline of 12/22

  • 23andMe (ME) announces redemption of public warrants with a deadline of 12/22

  • BMKP Technology, a Chinese EV Ride-Hailing Service Provider, issued a press release announcing that the company is “Said to Mull $1 Billion U.S. SPAC Deal” and that the company expects to be listed “around March 2022 at the earliest”. No SPAC was identified

  • CHP Merger Corp (CHPM) adjourns its extension meeting (to extend the deadline from 11/26 to 5/26) to 11/24 in order to give time to redeeming shareholders to reverse their redemptions

    • CHPM is now offering ~$.03 per share per month of the extension period up to a maximum of $0.20 per share

IPOs to begin trading tomorrow*:

1) Mana Capital Acquisition Corp. Announces Pricing of $62 Million Initial Public Offering (MAAQ-U)

*Priced as of this writing

New S-1s (2):

  • $200M, 1/2 Warrant

  • Focus: Consumer

  • Directors:Kenneth Romanzi (Former CEO of B&G Foods)

2) FTAC Emerald Acquisition Corp. (Ticker not set yet)

  • $220M, 1/2 Warrant

  • Focus: Clean/renewable energy; water sustainability; agricultural technology; shared economy software; and next-generation mobility

  • Management: Betsy Cohen (Serial SPAC Sponsor, Former Director of Metromile, Former Chairman & CEO of Bancorp)Mark Tercek (Former CEO of The Nature Conservancy)

  • Directors:Therese Rein (Former First Lady of Australia)Tensie Whelan (Former Director of Aston Martin)

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.