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The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (October 22, 2021)
Discover and track all of the SPACs at spactrack.net.
What an action-packed week we had in the SPAC world…
Below are the results to a Twitter poll regarding participation in the Digital World Acquisition Corp (DWAC: $94.20 +107.03%) mania after it announced its merger with Trump Media & Technology Group.
27% traded it, 9% are holding it as a longer term investment and the majority have just been watching the madness unfold.
If you haven’t subscribed to this Free nightly newsletter, you can do so below.
The Stats:
#SPAC Volume Leaders (10/22)
$DWAC 127.9M (+107%)
$BENE 59.8M (+15.7%)
$MBSC-U 15.8M (New IPO)
$BCYP 15.1M (-19.2%)
$ZGYH 14.6M
$AGC 11.6M
$PGSS-U 8M (New IPO)
$MAQC 6.7M
$GLAQ 5.8M
$SEAH 3.3M— SPAC Track (spactrack.io) (@SPACtrack)
8:27 PM • Oct 22, 2021
The Deals:
None today.
Merger Votes/ Completions:
Seaport Global Acquisition Corp. (SGAM:$9.62 -24.84%) closed its merger with Redbox
Redbox set to receive $88M in proceeds after 12.3M redemptions (~85%)
Ticker change to RDBX set for Monday
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Tracking De-SPAC S-1s (including PIPE resale registrations):
S-1s that went effective today:
Sarcos Technology & Robotics Corp (STRC: $6.56 +3.63%)
Archaea Energy (LFG: $18.83 +4.84%)
S-1/A filings:
Humacyte (HUMA: $$9.70 -1.42%)
Archer Aviation (ACHR: $6.71 -1.18%)
IonQ (IONQ: $9.66 -5.11%)
424B3 filings (S-1 likely to go effective Monday):
MoneyLion (ML: $6.84 +2.70%)
the metals company (TMC: $3.33 -10.72%)
Quick News:
Ivanhoe Capital Acquisition Corp. (IVAN) added an additional $75M to the PIPE for its deal with SES Holdings, bringing the total PIPE investment to $275M
GigCapital4, Inc. entered into a non-redemption agreement with Tenor Opportunity Master Fund for up to 2.5M shares
New S-1s (6):
1) DP Cap Acquisition Corp I (DPCS)
$200M, 1/2 Warrant
Focus: Tech-enabled consumer and tech, particularly e-commerce, marketplaces, and enterprise software
Directors:Diane Hessan (Founder & Former CEO of Communispace)Leonard Schlesinger (Former Vice Chairman & COO of Limited Brands — now L Brands and Director of Restoration Hardware)
Advisors:Jason Robbins (CEO of DraftKings)
2) Financial Strategies Acquisition Corp. (FXCO)
$72M, 1 Warrant, 1 Right (1/10th of a share)
Focus: Fintech
3) Generation Asia I Acquisition Ltd (GAQ)
$200M, 1/2 Warrant
Focus: Tech, Media & telecom (TMT), business services, or consumer in Asia, in particular North Asia & Southeast Asia.
4) Gardiner Healthcare Acquisitions Corp. (GDNR)
$75M, 1 Warrant
Focus: Healthcare in North America or Europe with specific focus on small and large molecule therapeutics
5) Roman DBDR Tech Acquisition Corp. II (RDTX)
$250M, 1/3 Warrant
Focus: Tech, media, and telecom (TMT)
Management:Dixon Doll, Jr. (CEO & Chairman of DBM Cloud Systems)
Directors:Dixon Doll (Former Director of DirecTV)
Advisors:James Nelson (Director of Xerox, Former Director of Herbalife, and Former Director of Caesars Entertainment)
6) VMG Consumer Acquisition Corp. (VMGA)
$200M, 1/2 Warrant
Focus: Consumer and retail
Directors:John Toth (CFO of BarkBox)
Upcoming Dates:
Next Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, and Expected Ticker Changes
See the full calendar here.
Thanks for reading,