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The Stats:
#SPAC Volume Leaders (10/19)
$ENTF -U 15.6M*
$SMAP-U 6.7M*
$FEXD-U 6.3M*
$GSAH 5.9M (Merger with Mirion approved, -1.4%)
$SNII 4.4M
$BOWX 3.3M (Merger with WeWork approved, -9.9%)
$BMAQ-U 3.1M*
$AGC 2.8M
$RTPY 1.9M
$HIGA 1.3M*New IPO
— #SPAC Track (spactrack.io) (#@SPACtrack)
8:41 PM • Oct 19, 2021
The Deals:
None today.
Merger Votes/ Completions:
GS Acquisition Holdings Corp II (GSAH) shareholders approve merger with Mirion Technologies
GSAH previously announced they expect to raise appx $554M from the GSAH trust, indicating an estimated 26% of public shares were redeemed
Closing is expected on 10/20 with ticker change to WE set for 10/21
BowX Acquisition Corp. (BOWX) shareholders approve merger with WeWork
WeWork set to receive $1.3B in gross proceeds
Closing is expected on 10/20 with ticker change to WE set for 10/21
Navitas Semiconductor closes its merger with Live Oak Acquisition Corp. II (LOKB). Ticker change to NVTS set for tomorrow.
Navitas set to receive ~$320M in gross proceeds, indicating an estimated ~42% of public shares were redeemed
Algoma Steel closes its merger with Legato Merger Corp. (LEGO). Ticker change to ASTL set for tomorrow.
Algoma Steel is set to receive net proceeds of appx. $306M
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Tracking De-SPAC S-1s (including PIPE resale registrations):
No De-SPAC S-1 activity today
IPOs to begin trading tomorrow*:
1) ESGEN Acquisition Corporation Announces Pricing of Upsized $240 Million Initial Public Offering (ESAC-U)
2) Athena Consumer Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering (ACAQ-U)
3) Newcourt Acquisition Corp Announces Pricing of Upsized $220 Million Initial Public Offering (NCAC-U)
*Priced at the time of this writing
New S-1s (4):
1) Blue Water Acquisition Corp. II (BWTR)
$75M, 1/2 Warrant
Focus: Healthcare
2) Mana Capital Acquisition Corp. (MANA)
$60M, 1/2 W, 1 R (1/7th of a share)
Focus: Healthcare, tech, green economy, and consumer products
3) Everest Consolidator Acquisition Corp (MNTN)
$150M, 1/2 Warrant
Focus: Independent financial advisory providers and Wealthtech
4) Rigel Resource Acquisition Corp. (RRAC)
$250M, 1/2 Warrant
Focus: Global mining, metals, and basic materials
Upcoming Dates:
This Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, and Expected Ticker Changes
See the full calendar here.
Thanks for reading,
