• ListingTrack
  • Posts
  • Sponsors take a weeklong break from deals to ape into NFTs (I presume)

Sponsors take a weeklong break from deals to ape into NFTs (I presume)

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (September 2, 2021)

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

This week we have had only 1 deal announcement: Petra Acquisition, Inc. (PAIC: $10.05) & Revelation Biosciences (announced on 8/30). The last week with only 1 SPAC deal announcement was the short New Years’ week of 12/28 last year.

We’ll see if sponsors take a break from buying Lazy Lions and Bored Apes NFTs to announce any deals tomorrow.

The Stats:

If you haven’t subscribed to this Free nightly newsletter, you can do so below.

The Deals:

No deals today.

Quick News Corner:

  • Chardan Healthcare Acquisition 2 Corp (CHAQ: $8.41) completed its merger with Renovacor

    • Ticker change to RCOR is set for tomorrow, 9/3

    • Renovacor received ~$95.1M in gross proceeds after 2,112,100 shares were redeemed (~25%)

  • Genesis Park Acquisition Corp. (GNPK: $10.50) completed its merger with Redwire

    • Ticker change to RDW is set for tomorrow, 9/3

Tracking De-SPAC S-1s (PIPE Registrations):

  • Hippo’s (HIPO: $4.39 -14.76%) S-1 went effective today

  • Sunlight Financial (SUNL: $5.69) filed an S-1/A after hours

  • Berkshire Grey (BGRY: $8.62) filed a 424B3 after hours (likely set to go effective tomorrow)

  • Taboola (TBLA: $9.29) filed a 424B3 after hours (likely set to go effective tomorrow)

IPOs to Begin Trading Tomorrow:

1) Oxus Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering (OXUS-U)

*Priced at the time of this writing

New S-1s:

  • $200M, 1/2 warrant

  • Focus: Real Estate

  • $100M, 1/2 warrant

  • Focus: Israeli companies

Upcoming Dates:

This Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions

Fri, Sep 3

  • Merger Meeting: Sustainable Opportunities Acquisition Corp (SOAC: $9.94) & DeepGreen Metals

Thanks for reading,

SPAC Track

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.