Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of people moves made at notable companies this past week. 

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CEO & CFO Move Highlights

• Bob Iger is back at Walt Disney Co. (DIS) in a stunning move. Iger returns as CEO and takes over from Bob Chapek, his hand picked successor. A little bit of boardroom drama as CFO Christine McCarthy reportedly helped persuade the board to make a change
• Terry Gohl resigned as CEO at Horizon Global (HZN) with Board Chair John C Kennedy being appointed interim CEO as the company conducts a broader search and remains focused on strategic alternatives
• Barbara Novick, a Co-Founder of BlackRock Inc. (BLK), will join the board of Intel Inc. (INTC) in December

Highlights from Twitter

Get the latest in real-time from our twitter account. 

CEO Moves

HORIZON GLOBAL CORP (HZN)
Leaving: CEO – Terry Gohl ( 3.2 yrs; -43.4% TSR)
Replaced by: John C Kennedy

Mr. Kennedy, age 64 was appointed to the Board in April 2019, and has served as Chair of the Board since his appointment. Mr. Kennedy is currently president and chief executive officer of Autocam Medical, a privately held contract manufacturer of precision-machined implants and instruments for surgical applications, which he founded in 2005. Mr. Kennedy previously served as the president and ch…read full bio

IVANHOE ELECTRIC INC (IE)
Leaving: CEO – Robert Jct Friedland ( .4 yrs; 25.3% TSR)
Replaced by: Taylor Melvin

Mr. Melvin has over 20 years of experience in the natural resources sector as a senior corporate development professional and investment banker. He was most recently Vice President, Corporate Development for Freeport McMoRan Inc. (NYSE: FCX), a leading international mining company focused on copper, headquartered in Arizona. Prior to joining Freeport-McMoRan in 2008, Mr. Melvin was an Executive…read full bio

MARKEL CORP (MKL)
Leaving: CEO – Richard R Whitt III ( 6.9 yrs; 4.8% TSR)
Replaced by: Resigned as Co-CEO

MARKETWISE INC (MKTW)
Leaving: CEO – Mark Arnold ( 1.3 yrs; -64.4% TSR)
Replaced by: Stephen D Sjuggerud

Dr. Sjuggerud joined the Company in 2001 and is the editor of our True Wealth franchise of publications. He has served as a member of our Board of Directors since July 2021. Dr. Sjuggerud has published investment research continuously since 1996, and prior to that, was a stockbroker, a vice president of a global mutual fund, and worked for a New York hedge-fund with $900 million in assets under ma…read full bio

PACWEST BANCORP (PACW)
Leaving: CEO – Matthew P Wagner ( 17.6 yrs; .2% TSR)
Replaced by: W Taylor Paul

PAUL W. TAYLOR Mr. Taylor was chief executive officer, president and director of Opus Bank, a California-chartered bank, which subsequently merged into Pacific Premier Bank, a California-chartered bank, from 2019 until 2020. He was chief executive officer, president and director of Guaranty Bancorp, a publicly traded financial institution, and chief executive officer and chairman of the board of d…read full bio

SYMBOTIC INC (SYM)
Leaving: CEO – Michael J Loparco ( .4 yrs; 18.2% TSR)
Replaced by: Richard B Cohen

Richard B. Cohen, Chairman, President and Chief Product Officer Effective as of the Closing, Mr. Cohen was elected as a Director of the Company and the Board appointed him as President and Chief Product Officer. Mr. Cohen served as Chairman of Warehouse from December 2006 and as President of Symbotic LLC from November 2017 until the Closing. Mr. Cohen served as Chief Executive Officer of Symbotic …read full bio

WALT DISNEY CO (DIS)
Leaving: CEO – Robert Chapek ( 2.8 yrs; -12.3% TSR)
Replaced by: Robert A Iger

ROBERT A. IGER CHAIRMAN AND CHIEF EXECUTIVE OFFICER, THE WALT DISNEY COMPANY Mr. Iger, 68, contributes to the mix of experience and qualifications the Board seeks to maintain primarily through his position as Chairman and Chief Executive Officer of the Company and his long experience with the business of the Company. As Chairman and Chief Executive Officer and as a result of the experience he gain…read full bio

CFO Moves

BLUE OCEAN ACQUISITION CORP (BOCN)
Leaving: CFO – Ankur Manglik ( 1.0 yrs; 1.3% TSR)
Replaced by: Matt Lasov

Matt Lasov is an accomplished finance and strategy executive in the professional services and technology industries, with a strong track record of growing and operating businesses globally. From October 2021 through July 2022, Mr. Lasov served as the Chief Strategy Officer at ConsumerDirect, a financial technology company in the money, credit, and privacy spaces. Prior to ConsumerDirect, from Febr…read full bio

DOMINION ENERGY INC (D)
Leaving: CFO – James R Chapman ( 4.0 yrs; .8% TSR)
Replaced by: Steven D. Ridge

Mr. Ridge, age 42, has served as Vice President and General Manager–Western Distribution of the Company and its subsidiaries since October 2021. Prior to that, Mr. Ridge served as Vice President – Investor Relations from April 2019 to September 2021 and Director – Investor Relations from October 2017 to March 2019. From March 2014 to September 2017, Mr. Ridge he…read full bio

IVANHOE ELECTRIC INC (IE)
Leaving: CFO – Catherine Anne Barone ( .6 yrs; 25.3% TSR)
Replaced by: Quentin Markin

Mr. Markin is a seasoned mining lawyer with 24 years’ experience, all with the Canadian firm Stikeman Elliott LLP, where he has been a partner since 2008. Over his career, he has lived and practiced in the world’s mining centers – Sydney, London, Vancouver and Toronto. Mr. Markin’s practice focused on M&A, project development and financing matters for mining companies globally and has been recogni…read full bio

Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of people moves made at notable companies this past week. Get a demo today to see how you can receive real-time alerts and in-depth analytics.

CEO

AMED, AXTA, BIIB, CHRA, CURO, EVA, FOXO, GWGHQ, HUBG, LVLU, MCG, MOG.A, ROG, RUBY, SGA, TER, V

CFO

BOKF, CHRA, CRON, CSSE, DCGO, DOCN, DT, EHTH, ENZ, FCUV, FNHC, KDP, KEY, KPLT, LAZY, LCTX, MTX, NRGV, RKT, ROP, RUBY, SMG, STRY, VOYA

Exec Moves on Twitter

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CEO & CFO Move Highlights

• Visa (V) CEO Al Kelly will retire in 2023 and hand the top job over to Ryan McInerney
• FOXO Technologies (FOXO) just recently went public via SPAC and has fired its founder and CEO Jon Sabes
• The new Governor of Maryland, Westley (Wes) Moore, resigned from the boards of Under Armour (UAA) and IAC (IAC)

CEO Moves Week of Nov 18, 2022

AMEDISYS INC (AMED)
Leaving: CEO – Christopher Gerard ( .6 yrs; -56.6% TSR)
Replaced by: Paul B K Kusserow

Paul B. Kusserow . Mr. Kusserow is our Chairman of the Board (since October 2019) and has been a member of our Board of Directors since joining our Company in December 2014. Mr. Kusserow previously served as our Chief Executive Officer (from December 2014 to April 2022) and our President from December 2014 to February 2021. Previously, he was Vice Chairman and President of Alignment Healthcare, In…read full bio

AXALTA COATING SYSTEMS LTD (AXTA)
Leaving: CEO – Rakesh Sachdev ( .4 yrs; )
Replaced by: Chris Villavarayan

Mr. Villavarayan joins the Company from Meritor, Inc., a global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation and industrial sectors, where he held a number of positions of increasing responsibility over the course of 22 years, most recently serving, from 2021 until October …read full bio

CHARAH SOLUTIONS INC (CHRA)
Leaving: CEO – Scott Andrew Sewell ( 3.8 yrs; -31.5% TSR)
Replaced by: Jonathan Batarseh

Mr. Batarseh is a licensed Certified Public Accountant (CPA) with more than 20 years of corporate finance and accounting experience in the engineering and construction industries. He joins the Company from Brown & Root Industrial Services, a partnership between KBR (NYSE: KBR) and Bernhard Capital Partners (BCP) providing engineering, procurement, and construction services, where he was CFO for si…read full bio

CURO GROUP HOLDINGS CORP (CURO)
Leaving: CEO – Donald Gayhardt ( 10.8 yrs; -21.1% TSR)
Replaced by: Douglas D Clark

Mr. Clark, 57, served as the Company’s President of North America Direct Lending since June 2022, following the Company’s acquisition of SouthernCo, Inc. (d/b/a Heights Finance) (“Heights Finance”) in December 2021. Mr. Clark joined Heights Finance in July 2020 to lead the integration of Heights Finance and Southern Management Corporation. From 2015 to 2020, Mr. Clark wa…read full bio

ENVIVA INC (EVA)
Leaving: CEO – John K Keppler ( 9.0 yrs; 22.6% TSR)
Replaced by: Thomas Meth

Meth co-founded the Company beginning with Intrinergy, the predecessor to our former sponsor, in 2004, where he served as Executive Vice President, Sales and Marketing continuously through the transition of Intrinergy to Enviva and with the general partner of Enviva Partners, LP beginning in November 2013. He subsequently served as Executive Vice President and Chief Commercial Officer of the Compa…read full bio

FOXO TECHNOLOGIES INC (FOXO)
Leaving: CEO – Jon Sabes ( .2 yrs; )
Replaced by: Tyler Danielson

Mr. Danielson will also continue in his role as Chief Technology Officer. Mr. Danielson, age 37, has served as the Company’s Chief Technology Officer since the consummation of the Business Combination and as FOXO OpCo’s Chief Technology Officer since 2020. From 2019 to 2020, Mr. Danielson served as Platform Product Owner of Cargill, a Global Food Distributor. Before that, from 2015 to 2019, Mr. Da…read full bio

HUB GROUP INC (HUBG)
Leaving: CEO – David P Yeager ( 27.8 yrs; 9.9% TSR)
Replaced by: Phillip D Yeager

Phillip D. Yeager, 35, currently President and Chief Operating Officer of the Company, will continue as President and will succeed Mr. David Yeager as the Company’s Chief Executive Officer. In his new role, Mr. Phillip Yeager will also join the Board of Directors of the Company, effective January 1, 2023. Mr. Phillip Yeager joined the Company in 2011 and has held leadership ro…read full bio

LULU’S FASHION LOUNGE HOLDINGS INC (LVLU)
Leaving: CEO – David W McCreight ( 1.9 yrs; -58.8% TSR)
Replaced by: Crystal Landsem

Crystal Landsem, age 39 , has served as Lulus’ Co-President since July 2020 and Chief Financial Officer since September 2015. Previously, she was the Co-Founder and Chief Financial Officer of sqwrl LLC, a consulting and project management services firm, where she oversaw finance and accounting functions, budgeting, forecasting, cash management, accounting, and analysis for small to mid-sized e-com…read full bio

MEMBERSHIP COLLECTIVE GROUP INC (MCG)
Leaving: CEO – Nick Jones ( 1.3 yrs; -51.5% TSR)
Replaced by: Andrew Carnie

Andrew Carnie has served as President of Soho House since September 2020. He previously served as the Chief Commercial Officer of Soho House from June 2019 to September 2020. From November 2013 to April 2019, Andrew worked in various positions at Anthropologie Group, a retail apparel and accessories company, including as President from April 2018 to April 2019. We believe Andrew is qualified to se…read full bio

MOOG INC (MOG.A)
Leaving: CEO – John Scannell ( 11.2 yrs; 7.7% TSR)
Replaced by: Patrick J Roche

Mr. Roche will report directly to John Scannell, Chief Executive Officer. Prior to the current appointment, Mr. Roche served as Vice President and President of Moog’s Industrial Group since 2012. Mr. Roche has held various engineering and management positions of increasing responsibility since first joining Moog in 2000. In addition, the Board of Directors has elected Stuart Mclachlan, age 50, to …read full bio

ROGERS CORP (ROG)
Leaving: CEO – Bruce D Hoechner ( 11.2 yrs; 12.2% TSR)
Replaced by: Randall Colin Gouveia

Mr. Gouveia has served as Senior Vice President and General Manager of EMS since June 2019 and brings more than three decades of cross-functional experience in the specialty chemical and materials manufacturing industries. Prior to joining the Company, Mr. Gouveia served as Vice President and General Manager of Eastman Chemical’s global Chemical Intermediates business unit. Mr. Gouveia has also he…read full bio

RUBIUS THERAPEUTICS INC (RUBY)
Leaving: CEO – Pablo J Cagnoni ( 4.4 yrs; -63.4% TSR)
Replaced by: Dannielle Appelhans

Dannielle Appelhans has served as our Chief Operating Officer since August 2021. Prior to joining our company, Ms. Appelhans served as senior vice president of technical operations and chief technical officer at Novartis Gene Therapies from 2020 to 2021, where she oversaw late-stage development, clinical and commercial manufacturing, supply chain and all supporting operational functions for the ge…read full bio

SAGA COMMUNICATIONS INC (SGA)
Leaving: CEO – Warren S Lada ( .3 yrs; )
Replaced by: Christopher Forgy

Mr. Forgy will assume this new position effective December 7, 2022. Currently, Mr. Forgy serves as the Company’s Senior Vice President of Operations. Mr. Forgy received unanimous Board approval to serve as the Company’s next President and Chief Executive Officer. Mr. Forgy joined the Company in 1995 and served as Director of Sales for the Company’s radio stations in Columbus, Ohio until 2006. He l…read full bio

TERADYNE INC (TER)
Leaving: CEO – Mark E Jagiela ( 9.1 yrs; 20.6% TSR)
Replaced by: Gregory Stephen Smith

Mr. Smith is currently the Company’s President and a sixteen year veteran of Teradyne. Prior to his promotion to Company President earlier in 2022, he held a variety of management roles until his appointment in 2016 as President of the Semiconductor Test Division, the company’s largest operating unit. In 2020, Greg became President of Teradyne’s newly created Industrial A…read full bio

CFO Moves Week of Nov 18, 2022

BOK FINANCIAL CORP (BOKF)
Leaving: CFO – Steven E Nell ( 22.2 yrs; 10.5% TSR)
Replaced by: Mindy Mahaney

She has been with the company since 2008 and most recently served as Chief Operating Officer for wealth management. Before joining BOK Financial Corporation in July 2008, Mahaney served as chief financial officer at Oklahoma’s Spirit Bank. She previously spent a decade in public accounting at Arthur Andersen….read full bio

CHARAH SOLUTIONS INC (CHRA)
Leaving: CFO – Jonathan Batarseh ( .1 yrs; )
Replaced by: Joe Skidmore

Mr. Skidmore is a licensed Certified Public Accountant (CPA). Mr. Skidmore joined the Company in 2018. Having been promoted with increasing responsibility, he served as Corporate Controller for the past two years. Prior to joining the Company, Mr. Skidmore worked at KPMG in audit for close to a decade. He began his career in tax with positions at Yum!…read full bio

CHICKEN SOUP FOR THE SOUL ENTERTAINMENT INC (CSSE)
Leaving: CFO – Christopher Mitchell ( 3.8 yrs; -5.7% TSR)
Replaced by: Jason Meier

Mr. Meier became our Chief Financial Officer as of November 15, 2022. He served previously as our company’s Executive Vice President, Finance, and Chief Accounting Officer since joining our company in September 2021. From July 2020 to the time he joined our company, Mr. Meier was the President and founder of Jason Meier Advisory, a firm that provided outsourced chief financial officer and…read full bio

CRONOS GROUP INC (CRON)
Leaving: CFO – Robert L Madore ( 1.3 yrs; -50.8% TSR)
Replaced by: James Holm

Mr. Holm joined the Company from Vertiv, where he most recently served as Global Vice President of Finance Transformation. Previously, he served as Americas Controller from September 2018 to February 2022. Prior to his roles at Vertiv, Mr. Holm served as Worldpay’s Finance Leader, Finance Solutions & Process Transformation Organization from May 2016 to September 2018. Before that, he …read full bio

DOCGO INC (DCGO)
Leaving: CFO – Adriaan Stephanus Oberholzer ( 1.1 yrs; -7.8% TSR)
Replaced by: Norman Rosenberg

Mr. Rosenberg, age 53, has served as the Chief Financial Officer of Ambulnz Holdings, LLC since January 2020. From January 2015 to December 2019, Mr. Rosenberg served in a variety of roles at AmTrust Financial, Inc., an insurance company, including as President of the Direct-to-Consumer Division and Chief Financial Officer of AmTrust’s global fee companies. He previously served as Chief Financial …read full bio

EHEALTH INC (EHTH)
Leaving: CFO – Christine A Janofsky ( 1.2 yrs; -87.9% TSR)
Replaced by: John J Stelben

Mr. Stelben, age 61, most recently served as CFO CVS Integration for Aetna from 2017 to 2018. Prior to that, Mr. Stelben served in a number of positions of increasing responsibility at Aetna, including CFO Government Programs, which included Medicare, Medicaid and public exchange businesses, from 2013 to 2017. Mr. Stelben also served in various senior leadership roles at Coventry Health Care,…read full bio

FEDNAT HOLDING CO (FNHC)
Leaving: CFO – James Gordon Jennings III ( .2 yrs; )
Replaced by: Richard B. Gaudet

Mr. Gaudet, age 62, currently serves as the Company’s Head of Finance and Accounting, a role he undertook on September 30, 2022 in connection with the Company’s engagement of GGG Partners, LLC (“GGG Partners”) to provide financial advisory and restructuring services to the Company (please see Item 8.01 below for more information). Mr. Gaudet, a partner of GGG Partners since 2020, has more than 18 …read full bio

KATAPULT HOLDINGS INC (KPLT)
Leaving: CFO – Karissa Cupito ( 1.5 yrs; -81.9% TSR)
Replaced by: Nancy A Walsh

Prior to joining the Company, Ms. Walsh most recently served as Executive Vice President and Chief Financial Officer of LL Flooring Holdings, Inc., a retailer of hard-surface flooring, from September 2019 until November 2022, Executive Vice President and Chief Financial Officer of Pier 1 Imports, Inc., a home furnishing and décor retailer, from January 2018 until April 2019 and Executive…read full bio

KEURIG DR PEPPER INC (KDP)
Leaving: CFO – George Lagoudakis ( .3 yrs; )
Replaced by: Sudhanshu Shekhar Priyadarshi

Mr. Priyadarshi holds an MBA from the University of Technology Sydney. In connection with this appointment, the Company entered into a letter agreement with Mr. Priyadarshi on October 21, 2022. Pursuant to this agreement, Mr. Priyadarshi will receive an annual base salary of $850,000 and will be eligible to receive an annual bonus at a target level of 80% of his base salary. He will also be eligib…read full bio

LAZYDAYS HOLDINGS INC (LAZY)
Leaving: CFO – Nicholas J Tomashot ( 4.5 yrs; 6.4% TSR)
Replaced by: Kelly Porter

Ms. Porter has held various leadership roles with Lithia Motors, Inc. (NYSE: LAD), the largest automotive dealership group in the United States, since October 2017, most recently as Corporate Controller and Vice President of Financial Planning & Analysis. Prior to joining Lithia, Ms. Porter was a Partner at Moss Adams, a public accounting firm, spending over 20 years growing their Dealershi…read full bio

LINEAGE CELL THERAPEUTICS INC (LCTX)
Leaving: CFO – Brian M Culley ( .3 yrs; 179.8% TSR)
Replaced by: Jill Ann Howe

Ms. Howe, 46, most recently served as the Chief Financial Officer of DTx Pharma, Inc., a biotechnology company, a position she held from June 2021 through July 2022. Prior to joining DTx Pharma, from January 2018 to June 2021, Ms. Howe served as Vice President of Finance and Treasurer for Gossamer Bio, Inc. (Nasdaq: GOSS), a clinical-stage biopharmaceutical company. Prior to Gossamer Bio, she serv…read full bio

MINERALS TECHNOLOGIES INC (MTX)
Leaving: CFO – Matthew E Garth ( 5.8 yrs; -5.8% TSR)
Replaced by: Erik Aldag

Mr. Aldag has a wide-ranging background in corporate finance, investor relations, financial planning & analysis, business unit finance, corporate accounting, internal audit, global shared services, and plant controllership. He has led finance teams in the U.S. and internationally in companies serving both consumer and indust…read full bio

ROPER TECHNOLOGIES INC (ROP)
Leaving: CFO – Robert Crisci ( 5.8 yrs; 13.2% TSR)
Replaced by: Jason Conley

Jason P. Conley , 46, has served as Vice President and Chief Accounting Officer since 2021 and as Vice President and Controller from 2017 to 2021. Prior thereto, he served as the Chief Financial Officer at Managed Healthcare Associates, a Roper subsidiary, from 2013 to 2017. He also led the financial planning and investor relations activities for Roper from 2006 to 2013. Before Roper, Mr. Conley s…read full bio

RUBIUS THERAPEUTICS INC (RUBY)
Leaving: CFO – Jose Carmona ( 2.1 yrs; -72.4% TSR)
Replaced by: Dannielle Appelhans

Dannielle Appelhans has served as our Chief Operating Officer since August 2021. Prior to joining our company, Ms. Appelhans served as senior vice president of technical operations and chief technical officer at Novartis Gene Therapies from 2020 to 2021, where she oversaw late-stage development, clinical and commercial manufacturing, supply chain and all supporting operational functions for the ge…read full bio

STARRY GROUP HOLDINGS INC (STRY)
Leaving: CFO – Komal Misra ( .7 yrs; -98.6% TSR)
Replaced by: Michael Pasciak

Mr. Pasciak, age 54, has served as the Company’s Vice President, Finance and Corporate Controller since October 2019. Prior to that, Mr. Pasciak served as the Chief Financial Officer of Xpress Natural Gas, a “virtual pipeline” company providing trucked natural ga…read full bio

Director Joins

BUNGE LTD (BG)
De Andrade Eliane Aleixo Lustosa

Ms. Aleixo Lustosa, age 59, currently serves as a non-executive director of the following companies: Grupo CCR S.A. (since 2020), BrasilAgro S.A. (since 2021), and Aegea Saneamento S.A.(since 2022). Ms. Aleixo Lustosa has been a referee of the Brazilian Arbitration Chamber of Novo Mercado Bovespa…read full bio

CALIX INC (CALX)
Eleanor Fields

Ellie currently serves as the chief product and engineering officer of Salesloft, a leader in the sales engagement platform market. The products that she and her team are developing are the driving force behind one of the fastest growing tech companies in the United States. The innovation…read full bio

CHARAH SOLUTIONS INC (CHRA)
Jonathan Batarseh

Mr. Batarseh is a licensed Certified Public Accountant (CPA) with more than 20 years of corporate finance and accounting experience in the engineering and construction industries. He joins the Company from Brown & Root Industrial Services, a partnership between KBR (NYSE: KBR) and Bernhard Capital P…read full bio

CHARAH SOLUTIONS INC (CHRA)
L.W. “Bill” Varner

Bill Varner was most recently the CEO and Board member of Select Interior Concepts, a premier installer and nationwide distributor of interior products, leading the company from June 2020 to October 2021 where he increased s…read full bio

CHARAH SOLUTIONS INC (CHRA)
Robert “Bob” Decensi

Mr. Decensi was recently the CEO and Board member of BHI Energy, a utility service company that provides engineering, construction, and maintenance to the power generation and power delivery markets. Prior joining BHI Energy, Mr. Decensi spent 18 years in the utility power generation and power deliv…read full bio

COMPASS MINERALS INTERNATIONAL INC (CMP)
Jon A. Chisholm

Chisholm currently serves as the managing director for Koch Disruptive Technologies, leading the Energy Transformation investment vertical for the company. Prior to that position, he served from 2014 to 2022 as vice president of KM&T, where he was responsible for business development …read full bio

COMPASS MINERALS INTERNATIONAL INC (CMP)
Shane T. Wagnon

Wagnon currently serves as the vice president of trading and terminals for Koch Carbon, LLC. In this role, he holds profit and loss (P&L) responsibility for the company’s low-sulfur petroleum coke division and manages its ocean freight chartering group, along with general busine…read full bio

CURO GROUP HOLDINGS CORP (CURO)
Douglas D Clark

Mr. Clark, 57, served as the Company’s President of North America Direct Lending since June 2022, following the Company’s acquisition of SouthernCo, Inc. (d/b/a Heights Finance) (“Heights Finance”) in December 2021. Mr. Clark joined Heights Finance in July 2020 to lead the…read full bio

DOCGO INC (DCGO)
Etalvina Leite

Ms. Leite currently serves as Chief People Officer at GoodRx (Nasdaq: GDRX), where she built a human resources infrastructure for a publicly traded growth company with more than 1,000 associates. Prior to GoodRx, she served as Chief People Officer at The Trade Desk (Nasdaq: TTD), a publicly trade…read full bio

ENVIVA INC (EVA)
Thomas Meth

Meth co-founded the Company beginning with Intrinergy, the predecessor to our former sponsor, in 2004, where he served as Executive Vice President, Sales and Marketing continuously through the transition of Intrinergy to Enviva and with the general partner of Enviva Partners, LP beginning in Novembe…read full bio

EVEREST RE GROUP LTD (RE)
Hazel McNeilage

Ms. McNeilage’s four-decade-long career is built on deep global financial services experience with specialization in investment management, distribution, business and technology transformation, international regulation and governance. Serving in various executive leadership roles, she led e…read full bio

FORTE BIOSCIENCES INC (FBRX)
Scott C Brun

Dr. Brun, 54, is currently President at Gold Mast Consulting, LLC, an advisory firm he founded to provide technical advice and strategic guidance related to biopharmaceutical research and development, pipeline portfolio management, commercialization of new therapeutics and strategic communic…read full bio

GAN LTD (GAN)
Eric Green

Mr. Green brings more than 25 years of investment expertise to the Company’s board of directors. Since 1997, he has worked at Penn Capital, an investment firm with approximately $2 billion of assets under management. Mr. Green currently serves as Penn Capital’s Chief Investment Officer of Equity. Ad…read full bio

HUB GROUP INC (HUBG)
Phillip D Yeager

Phillip D. Yeager, 35, currently President and Chief Operating Officer of the Company, will continue as President and will succeed Mr. David Yeager as the Company’s Chief Executive Officer. In his new role, Mr. Phillip Yeager will also join the Board of Directors of the Company, effec…read full bio

JONES LANG LASALLE INC (JLL)
Moses Ojeisekhoba

Mr. Ojeisekhoba will initially serve a term that will expire at the Company’s 2023 Annual Meeting of Shareholders. Mr. Ojeisekhoba is currently Chief Executive Officer Reinsurance for Swiss Re, where he is responsible for the company’s Reinsurance Business Unit, covering both property and casualty a…read full bio

LULU’S FASHION LOUNGE HOLDINGS INC (LVLU)
Anisa Benita Kumar

Ms. Kumar brings over 22 years of experience in the retail industry across both e-commerce and brick and mortar channels. Ms. Kumar has been the Chief Customer Officer at Narvar since 2021, leading all aspects of global implementation, customer success and support and …read full bio

MANPOWERGROUP INC (MAN)
Muriel Pénicaud

Pénicaud held the position of French Ambassador to the OECD from 2020 – 2022, responsible for leading the adoption of the program to fight climate change (IPAC), integrating youth and climate issues in the ministerial priorities of OECD member countries, and acting as Member of…read full bio

MASTERCRAFT BOAT HOLDINGS INC (MCFT)
Kamilah Mitchell- Thomas

Ms. Mitchell-Thomas currently serves as the Senior Vice President, People at Roku, Inc., where she is responsible for Roku’s staffing, Human Resources, Inclusion & Talent Development and Workplace Services. Prior to joining Roku, Inc., Ms. Mitchell-Thomas was Chief People Officer at Dow…read full bio

PB BANKSHARES INC (PBBK)
Bony Dawood

Mr. Dawood is the President and Chief Executive Officer of Dawood Engineering, Inc., a multi-discipline engineering and technology firm with operations throughout the U.S., Europe, and Asia based in Harrisburg, Pennsylvania….read full bio

RESTAURANT BRANDS INTERNATIONAL INC (QSR)
J Patrick Doyle

Mr. Doyle served as an executive partner focused on the consumer sector of the Carlyle Group, a global diversified investment firm from September 2019 through November 2022. Prior to that he served as the chief executive officer of Domino’s Pizza, from March 2010 to June 2018, having served…read full bio

SCHMITT INDUSTRIES INC (SMIT)
Kristi Michelle Smaha

Kristi Frank is an entrepreneur and marketing expert. She is the co-founder of YogaSix Utah and the Host and co-creator of the renowned docuseries, ‘The Millionaire Within Her’. Kristi is well known for mentoring entrepreneurs and helping them develop and grow their businesses. Kristi…read full bio

SCHNITZER STEEL INDUSTRIES INC (SCHN)
Gregory R Friedman

Mr. Friedman currently serves as the Chief Financial Officer of Mura Technology, a plastics recycling technology company. Prior to joining Mura Technology, from 2018 through 2021 Mr. Friedman served as Executive Vice President and Chief Financial Officer of Corteva Agriscience™ (NYSE:…read full bio

STRYVE FOODS INC (SNAX)
Chris Whitehair

Chris Whitehair, age 57, currently serves as Senior Vice President of Supply Chain and Operations for SunOpta. While in this role over the last several years, he has led the development and execution of optimizing their network. Mr. Whitehair was previously Senior Vice President of Operations sin…read full bio

SUMMIT THERAPEUTICS INC (SMMT)
Alessandra Cesano

Dr. Cesano has 25 years of experience in research and development in both drug and diagnostic companies ranging from large, global biopharma to private, venture-backed companies, and currently serves as Chief Medical Officer of ESSA Pharma. Prior to ESSA, Dr. Cesano was the Chief Medical Officer at …read full bio

TERADYNE INC (TER)
Gregory Stephen Smith

Mr. Smith is currently the Company’s President and a sixteen year veteran of Teradyne. Prior to his promotion to Company President earlier in 2022, he held a variety of management roles until his appointment in 2016 as President of the Semiconductor Test Division, the company’s l…read full bio

WABASH NATIONAL CORP (WNC)
Sudhanshu Shekhar Priyadarshi

Mr. Priyadarshi was the Senior Vice President and Chief Financial Officer of Vista Outdoor Inc., a designer, manufacturer, and marketer of outdoor sports and recreation products, from April 2020 until November 2022. Prior to joining the Company, Mr. Priyadarshi served as the Chief Financial Offic…read full bio

Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of people moves made at notable companies this past week. Get a demo today to see how you can receive real-time alerts and in-depth analytics.

** GET THE CEO & CFO MOVES NEWSLETTER WEEKLY **

Highlights

• SONO makes interim CFO Eddie Lazarus officially permanent CFO
• NTAP EVP & Chief Strategy Officer Matthew Fawcett leaving effective Feb 28, 2023
• SUM "Chief ESG Officer and Head of Investor Relations" Karli Anderson taking on HR and communications responsibilities now too New title "Executive Vice President, Chief People and ESG Officer and Head of Communications"
• Roche in as CEO at MOG.A effective Feb 1, 2023 
  
• RE adds Hazel McNeilage to its board
• RL Ralph Lauren adds Ms. Wei Zhang to the board
• MCG Nick Jones moving from CEO to simply "Founder" at Membership Collective. Andrew Carnie takes on the CEO role.
• QSR adding ex DPZ CEO (and legend) J. Patrick Doyle as exec chair

Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of people moves made at notable companies this past week. Get a demo today to see how you can receive real-time alerts and in-depth analytics.

** GET THE CEO & CFO MOVES NEWSLETTER WEEKLY **

CEO & CFO Moves in this Issue

CEO

AADI, ACIW, BIIB, BRMK, CEVA, DCGO, FPI, GO, IMUN, JBL, KDP, KSS, LUMN, MAPS, NMFC, OESX, RCM, RGTI, SGEN, SPRY, TSP, VERI

CFO

BLUE, GDOT, LFST, NTST, OSCR, PGC, PRCH, RRGB, SPRY, SWX, XPO

Highlights

• Keurig Dr. Pepper (KDP) former CEO Ozan Dokmecioglu resigned just months into the job following violations of the company’s code of conduct
• Weedmaps CEO Chris Beals stepped down ~18mos after the company, now d/b/a WM Technology (MAPS), made its public debut via a DeSPAC transaction
• Kohl’s (KSS) CEO Michelle Gass resigned from the company and will join Levi Strauss (LEVI) and will eventually replace current CEO Chip Bergh over the next 18mos
• Chad Rigetti will step down as CEO and Director of the company he founded, Rigetti Computing (RGTI), also ~8mos after their public DePAC Debut

CEO Moves

AADI BIOSCIENCE INC (AADI)
Leaving: CEO – Neil Desai ( 1.4 yrs; -48.5% TSR)
Replaced by: Brendan Delaney

Brendan Delaney has served as our Chief Operating Officer since September 2021. Prior to joining the Company, Mr. Delaney served as the Chief Commercial Officer of Constellation Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company that was acquired by MorphoSys, from January 2021 to September 2021. From November 2017 to January 2021, Mr. Delaney served as the Chief Commercial Officer …read full bio

ACI WORLDWIDE INC (ACIW)
Leaving: CEO – Odilon Almeida ( 2.7 yrs; -14.1% TSR)
Replaced by: Thomas W Warsop III

Mr. Warsop, age 56, joined the Board in June 2015 and became non-executive Chair in June 2022. He has led various portfolio companies for several leading private equity firms since 2012, including One Call Care Management, York Risk Services Group and The Warranty Group. He served as Group President at Fiserv, Inc. (NASDAQ: FISV), a provider of technology solutions to the financial industry, from …read full bio

ARS PHARMACEUTICALS INC (SPRY)
Leaving: CEO – Laura Shawver ( 1.9 yrs; -59.8% TSR)
Replaced by: Richard E Lowenthal

Richard Lowenthal, M.S., MSEL is a co-founder of ARS Pharma and has served as its President and a member of the board of directors of ARS Pharma since ARS Pharma’s inception in August 2015 and as ARS Pharma’s Chief Executive Officer since September 2018. From August 2015 to November 2007, Mr. Lowenthal served as President of Pacific-Link Regulatory Cons…read full bio

BROADMARK REALTY CAPITAL INC (BRMK)
Leaving: CEO – Brian Phillip Ward ( .7 yrs; -42.8% TSR)
Replaced by: Jeffrey B Pyatt

Jeffrey B. Pyatt has served as our President and Chief Executive Officer and a director since the consummation of the Business Combination. Prior to that, he served as President of MgCo I from the time that he co-founded it in 2010 and served as a member of the board of directors of each of the Predecessor Companies from their inception and, directly or indirectly, as a member of the board of mana…read full bio

DOCGO INC (DCGO)
Leaving: CEO – Stanley Vashovsky ( 1.1 yrs; -1.6% TSR)
Replaced by: Anthony Capone

Mr. Capone, age 35, has served as the Company’s President since November 2021. Mr. Capone previously held various positions at Ambulnz, Inc. between 2017 and 2021, including those of President, Chief Technology Officer and Chief Product Officer. Prior to Ambulnz, Mr. Capone served as the Chief Executive Officer, Chief Technology Officer and Head of Sales at Fundbase, an investment platform, from 2…read full bio

FARMLAND PARTNERS INC (FPI)
Leaving: CEO – Paul A Pittman ( 8.8 yrs; 3.9% TSR)
Replaced by: Luca Fabbri

Luca Fabbri . Mr. Fabbri has served as our President since October 2021 and served as our Chief Financial Officer and Treasurer from the founding of our company until October 2021. From November 2011 until 2014, Mr. Fabbri served as the Senior Vice President and Chief Operating Officer of American Agriculture. Mr. Fabbri was a founder of Co3 Systems Inc., an enterprise software company in Cambridg…read full bio

Immune Therapeutics Inc (IMUN)
Leaving: CEO – Stephen Wilson ( .3 yrs; )
Replaced by: Kelly O’Brien Wilson

Ms. Wilson was elected until her successor is duly elected and qualified. Ms. Wilson, age 52, has served as the Chief Operating Officer of the Company since August 2022. From 2013 to April 2020, Ms. Wilson was the Company’s Chief Technology Officer. From September 2014 to April 2020, Ms. Wilson also served as the Chief Technology and Information Officer of Cytocom Inc., a clinical-stage biopharmac…read full bio

JABIL INC (JBL)
Leaving: CEO – Mark T Mondello ( 10.1 yrs; 14.2% TSR)
Replaced by: Kenneth S Wilson

Mr. Wilson will succeed Mr. Mark Mondello, who will continue his service as CEO until his retirement on April 30, 2023. On and after April 30, 2023, Mr. Mondello will continue in the role of Executive Chairman of the Board. Mr. Wilson, age 57, was named Executive Vice President and CEO of Jabil Green Point in September 2017. Prior to that, he was Senior Vice President of the Telecommunications Inf…read full bio

KEURIG DR PEPPER INC (KDP)
Leaving: CEO – Ozan Dokmecioglu ( .3 yrs; )
Replaced by: Robert James Gamgort

Robert Gamgort Other Current Public Company Directorships: Age: 59 None Mr. Gamgort has served as one of our directors since July 2018 and as our Executive Chairman of the Board since January 2019. Mr. Gamgort has served as our President and Chief Executive Officer since July 2018, and prior to the closing of the Merger, served as the President and Chief Executive Officer of KGM beginning in May 2…read full bio

KOHLS CORP (KSS)
Leaving: CEO – Michelle Gass ( 4.6 yrs; -12.5% TSR)
Replaced by: Thomas Kingsbury

Mr. Kingsbury, age 70, a director of the Company since 2021, previously served as President and Chief Executive Officer of Burlington Stores, Inc. from 2008 to 2019, and as Chair of the board of Burlington Stores, Inc. from 2014 to 2020. Prior to that, he served as Senior Executive Vice President – Information Services, E-Commerce, Marketing and Business Development – with Kohl’s, Inc. from 2006 t…read full bio

LUMEN TECHNOLOGIES INC (LUMN)
Leaving: CEO – Jeffrey K Storey ( 4.5 yrs; -11.4% TSR)
Replaced by: Kate Johnson

Since 2020, Ms. Johnson, age 54, has served on the board of directors of United Parcel Service, Inc., a global package delivery and supply chain management company (NYSE: UPS). From 2017 until 2021, Ms. Johnson served as President of Microsoft U.S., a division of Microsoft Corporation, a global technology company (NASDAQ: MSFT), where she was responsible for Microsoft’s …read full bio

NEW MOUNTAIN FINANCE CORP (NMFC)
Leaving: CEO – Robert Hamwee ( 12.5 yrs; 10.0% TSR)
Replaced by: John Kline

Mr. Kline, 40, has held various titles at New Mountain Capital, L.L.C. since 2008. Prior to joining New Mountain Capital, L.L.C. in 2008, he worked at GSC Group from 2001 to 2008 as an investment analyst and trader for GSC Group’s control distressed and corporate credit funds. From 1999 to 2001, Mr. Kline was with Goldman, Sachs & Co. where he worked in the Credit Risk Management and Advisory Grou…read full bio

TUSIMPLE HOLDINGS INC (TSP)
Leaving: CEO – Ersin Yumer ( .1 yrs; )
Replaced by: Cheng Lu

Cheng Lu, age 39, served as the Company’s President from January 2019 to March 2022, as Chief Executive Officer from September 2020 to March 2022 and as a member of the Board from June 2020 to March 2022. Mr. Lu also served as the Company’s Chief Financial Officer from January 2019 to December 2020. Mr. Lu has more than 15 years of experience in operations, strategy and corporate finance. Prior to…read full bio

VERITONE INC (VERI)
Leaving: CEO – Chad Steelberg ( 8.6 yrs; -12.7% TSR)
Replaced by: Ryan Steelberg

Ryan Steelberg is a co-founder of our company and has served as a director since our inception in June 2014 and as the President of our subsidiary, Veritone One, Inc., since June 2015. In March 2017, he was appointed as President of our company. From October 2007 to December 2014, he served as the President and Chief Executive Officer of Brand Affinity Technologies, Inc Prior to that, Mr. Steelber…read full bio

WM TECHNOLOGY INC (MAPS)
Leaving: CEO – Christopher Beals ( 1.4 yrs; -76.7% TSR)
Replaced by: TBD

CFO Moves

BLUEBIRD BIO INC (BLUE)
Leaving: CFO – Katherine Breedis ( .1 yrs; )
Replaced by: Christopher Krawtschuk

Mr. Krawtschuk, age 48, served as the Chief Financial Officer of Jubilant Pharma from February 2021 to October 2022. Prior to that, Mr. Krawtschuk served as the U.S. Chief Financial Officer and Treasurer of Morphosys from December 2018 to January 2021, as North American Controller of Upfield Foods from April 2018 to December 2018, and as Vice President, Lead Divisional Controller, of Pfizer fro…read full bio

GREEN DOT CORP (GDOT)
Leaving: CFO – George W Gresham ( 1.1 yrs; -57.8% TSR)
Replaced by: Jess Unruh

Mr. Unruh served as the Company’s Vice President, Financial Reporting, from July 2013 to May 2015, and as Director, Accounting Projects, from July 2009 to June 2013. Prior to joining the Company, Mr. Unruh served in the audit practice at Ernst & Young LLP, an accounting firm, from 2003 to April 2009. Mr. Unruh holds B.S. degrees in accounting and business administration from the University of Sout…read full bio

NETSTREIT CORP (NTST)
Leaving: CFO – Andrew P Blocher ( 2.8 yrs; 3.9% TSR)
Replaced by: Lori Wittman

Lori Wittman Ms. Wittman has served as a director since December 2019. Ms. Wittman served as an advisor to Big Rock Partners Acquisition Corp. (“Big Rock”), a blank check company, from February 2020 until the closing of its business merger in May 2021. From September 2017 to February 2020, Ms. Wittman served as Chief Financial Officer and a member of the Board of Directors of Big Rock. From …read full bio

XPO LOGISTICS INC (XPO)
Leaving: CFO – Ravi Tulsyan ( 1.2 yrs; -42.8% TSR)
Replaced by: Carl Douglas Anderson II

Mr. Anderson, 53, previously served as senior vice president and chief financial officer of Meritor, Inc. from March 2019 until October 2022. Meritor, Inc., currently a Cummins Inc. company and a former New York Stock Exchange listed large accelerated filer, is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the af…read full bio

It’s hard to see the current situation at Netflix (NFLX) as anything short of disastrous. The video streaming company reported a historically bad quarter in Q1 202, losing subscribers for the first time in a decade. Netflix lost 200,000 subscribers, falling well short of its guidance (+2.5 million subscribers). A decision in early March to suspend service in Russia after its invasion of Ukraine resulted in the loss of 700,000 subs. While Netflix expects subscriber growth to be positive for the year, operating margin guidance of 19%-20% for 2022– flat– is down from its earlier expectations for an average annual margin expansion of 19%-20%.

The stock is now approaching a 4-year low -- plummeting over 40% in the last four sessions since reporting its quarterly results.

Boardroom Alpha's Joanna Makris takes a deep dive into Netflix situation, their executive team, and directors to assess whether or not it can be turned around.

The full report looks at:

• Executive compensation
• Say-on-Pay
• Insider buying / selling
• Their unique Co-CEO structure
• Red Flags
• and more

** Read the full report at Boardroom Alpha **

-------------------------------------------------
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AMC Adam Aron is continuing to surprise the market and bringing attention to AMC Entertainment Holdings. Today it was the announcement of a ~$28M in gold and silver miner Hycroft. We view this as little more than a distraction. 

*Read the full report here*

Nonetheless the market seemed to react positively, as the retail crowd tends to do with all things AMC and the shares closed up on the day. Have a read of our full analysis. 

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

-------------------------------------------------
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----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

Gamestop (GME) chairman Ryan Cohen has taken aim at Bed Bath & Beyond (BBBY), pushing for change. He is calling on the company to explore strategic alternatives or explore a sale. 

We're not exactly buying the turnaround story on this one and view it more as a meme stock setup. 

**Read the full report here**

BBBY stock currently trades ~$23 per share, down over 70% from an all-time high of ~$80 reached in 2013.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

-------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

The SPAC market shows signs of life with 2 new deal announcements today: 

AMCI / LanzaTech

AMCI Acquisition Corp. II (AMCI) is merging with LanzaTech NZ in a deal that values the carbon recycling technology company at $2.2 billion. AMCI is a SPAC focused on energy transition. 

The transaction is expected to raise gross proceeds of $275 million, comprising AMCI’s $150 million cash held in a trust account and a $125 million PIPE funded by investors including ArcelorMittal and BASF.

LanzaTech is a carbon capture and transformation company which traps waste gas emitted during industrial processes and uses bacteria to create climate-safe materials and fuels and also recycles carbon waste. Customers include Unilever (PLC) and Coty (COTY). Slide deck here. 

The deal is expected to close in 3Q 2022 and the combined company is expected to trade on the Nasdaq under the symbol “LNZA.”

Endurance/SatixFy

Endurance Acquisition Corp. (EDNC) is merging with Israeli satellite chip maker SatixFy Communications in a deal valued at $813 million. 

The transaction is expected to generate $350 million in gross proceeds assuming no trust redemptions, including a $29 million PIPE  (downside protection to $6.50 / non-dilutive share transfer) with participation from institutional investors including Sensegain Group and Antarctica Capital, and $75 million from CF Principal Investments LLC, an affiliate of Cantor Fitzgerald. In addition, the Company recently closed on an additional financial commitment of $55 million from Francisco Partners ($8 million fee).

Endurance was formed by an affiliate of Antarctica Capital to target transactions in space and wireless technologies.

Founded in 2012, SatixFy is a fabless semiconductor company providing products based on its own chipsets. The company designs chips, codes its software and builds modems and antennas. Customers include Telesat Corp., OneWeb, ST iDirect and Airbus SE. 

Elsewhere in SPACs

• Spartan Acquisition Corp. III (SPAQ) shareholders approved its merger with Allego. Deal expected to close next week and trade as ALLG. SPAQ shares closed up ~17% today.
• Games Global is rumored to be in talks with Tailwind International Acquisition (TWNI) that would value the company at over $3B.
• Far Peak Acquisition Corp (FPAC) and Bullish extend outside merger date to May-9

Today's Price Action

Biggest Gainers

17.63% ~ $ 11.61 | SPAQ - Spartan Acquisition Corp. III (Announced)
7.49% ~ $ 10.04 | MTAC - MedTech Acquisition Corporation (Announced)
1.50% ~ $ 11.51 | CFVI - CF Acquisition Corp. VI (Announced)
1.09% ~ $ 10.16 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
.93% ~ $ 9.79 | AMCI - AMCI Acquisition Corp. II (Announced)
.93% ~ $ 9.80 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.72 | XPAX - XPAC Acquisition Corp (Pre-Deal)
.62% ~ $ 9.77 | JUGG - Jaws Juggernaut Acquisition Corporation (Pre-Deal)
.61% ~ $ 9.88 | LCW - Learn CW Investment Corp (Pre-Deal)
.61% ~ $ 9.92 | FPAC - Far Peak Acquisition Corp (Announced)
.60% ~ $ 10.05 | DTRT - DTRT Health Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.82 | EDNC - Endurance Acquisition Corp. (Announced)
.51% ~ $ 9.91 | ARTE - Artemis Strategic Investment Corporation (Pre-Deal)
.50% ~ $ 9.97 | HHGC - HHG Capital Corporation (Pre-Deal)
.42% ~ $ 9.65 | LOCC - Live Oak Crestview Climate Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.75 | ALCC - AltC Acquisition Corp. (Pre-Deal)
.35% ~ $ 9.95 | APAC - StoneBridge Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.76 | GTPB - GORES TECHNOLOGY PARTNERS II, INC. (Pre-Deal)
.31% ~ $ 9.86 | RJAC - Jackson Acquisition Co (Pre-Deal)
.30% ~ $ 9.89 | SVFC - SVF Investment Corp. 3 (Announced)

Biggest Losers

-9.85% ~ $ 75.13 | DWAC - Digital World Acquisition Corp. (Announced)
-3.87% ~ $ 10.05 | GACQ - Global Consumer Acquisition Corp. (Announced)
-2.50% ~ $ 9.74 | CSLM - Consilium Acquisition Corp I, Ltd. (Pre-Deal)
-1.39% ~ $ 9.92 | PPYA - Papaya Growth Opportunity Corp. I (Pre-Deal)
-.92% ~ $ 9.71 | HPLT - Home Plate Acquisition Corp (Pre-Deal)
-.90% ~ $ 9.95 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
-.80% ~ $ 9.88 | VCXB - 10X Capital Venture Acquisition Corp. III (Pre-Deal)
-.80% ~ $ 9.92 | WNNR - Andretti Acquisition Corp. (Pre-Deal)
-.71% ~ $ 9.83 | SRSA - Sarissa Capital Acquisition Corp (Pre-Deal)
-.71% ~ $ 9.83 | POND - Angel Pond Holdings Corp (Announced)
-.70% ~ $ 9.89 | SPK - SPK Acquisition Corp. (Announced)
-.61% ~ $ 9.83 | BNNR - Banner Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.75 | RCAC - Revelstone Capital Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.84 | SAGA - Sagaliam Acquisition Corp (Pre-Deal)
-.50% ~ $ 9.87 | BRPM - B. Riley Principal 150 Merger Corp. (Announced)
-.50% ~ $ 9.87 | BRAC - Broad Capital Acquisition Corp (Pre-Deal)
-.50% ~ $ 9.92 | IFIN - InFinT Acquisition Corporation (Pre-Deal)
-.50% ~ $ 9.93 | PAFO - Pacifico Acquisition Corp. (Announced)
-.41% ~ $ 9.65 | THCP - Thunder Bridge Capital Partners IV, Inc. (Pre-Deal)
-.40% ~ $ 9.90 | CXAC - C5 Acquisition Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

--------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

BTNB expected Property Guru close 3/17, trading 3/18

Bridgetown 2 Holdings Ltd. (BTNB) announced a March 17th closing date for its merger with Property Guru Pte. Ltd., a PropTech company that resembles the Zillow (Z) of Southeast Asia. BTNB is backed by backed by billionaires Richard Li and Peter Thiel. The deal included a $100 million PIPE. 

ALAC gets extension on SolarMax merger 

Alberton Acquisition Corporation (ALAC) receives further Nasdaq extension to complete its merger with solar panel provider SolarMax Technology, Inc.

HCCC closes merger with Alpha Tau. Trades tomorrow as DRTS 

After an adjourned vote in mid-February, Healthcare Capital Corp. (HCCC) closed its merger with alpha-radiation cancer therapy maker Alpha Tau Medical. Shares will trade as DRTS tomorrow. Alpha Tau has raised "approximately $90 million in gross cash proceeds."

GGPI: Board Update at Polestar 

Electric Vehicle (EV) maker Polestar, which is expected to merge with SPAC sponsor Gores Guggenheim Inc. (GGPI), announced some updates to the Board of Directors at Polestar: 

• Polestar CEO Thomas Ingenlath expected to be appointed to the Board as executive director
• Volvo Cars’ new CEO (from March 21) Jim Rowan along with Karen Francis and David Wei expected to be appointed to the Board as new directors ahead of Polestar’s planned listing
• Håkan Samuelsson, Chairperson of the Board, Daniel Li, CEO of Geely Holding, Carla De Geyseleer, David Richter and Karl-Thomas Neumann will continue as board members of Polestar upon planned listing

For more details on Polestar's strategy, check out our recent podcast with CEO Thomas Ingenlath. 

Two deal cancellations 

FoxWayne Enterprises Acquisition Corp. (FOXW) called off its merger with Aerami Therapeutics Holdings, Inc., a biopharmaceutical company focused on developing inhaled therapies to treat severe respiratory and chronic diseases. FoxWayne has until April 22, 2022 to complete a combination.

Pine Technology (PTOC) called off its merger with weather-predicting software maker Tomorrow.io.  The SPAC cites "market conditions" as the culprit. PTOC will keep looking for a deal; the SPAC has until March 15, 2023 to complete a merger. 

These mark the 9th and 10th cancelled SPAC mergers of 2022. 

Elsewhere in SPACs 

This week's votes: 

• CF Acquisition Corp. (CFFE):  extension
• Spartan Acquisition Corp. III (SPAQ) / Allego
• MedTech Acquisition Corp. (MTAC) / Memic Innovative

Today's Price Action

Biggest Gainers

4.45% ~ $ 10.46 | GACQ - Global Consumer Acquisition Corp. (Announced)
.93% ~ $ 9.80 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
.91% ~ $ 9.93 | XFIN - ExcelFin Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.89 | ITHX - ITHAX Acquisition Corp. (Announced)
.61% ~ $ 9.90 | POND - Angel Pond Holdings Corp (Announced)
.60% ~ $ 10.05 | DTRT - DTRT Health Acquisition Corp. (Pre-Deal)
.56% ~ $ 9.92 | BRPM - B. Riley Principal 150 Merger Corp. (Announced)
.51% ~ $ 9.76 | SEDA - SDCL EDGE Acquisition Corp (Pre-Deal)
.51% ~ $ 9.91 | ARTE - Artemis Strategic Investment Corporation (Pre-Deal)
.38% ~ $ 9.94 | CXAC - C5 Acquisition Corp (Pre-Deal)
.31% ~ $ 9.89 | EVE - EVe Mobility Acquisition Corp (Pre-Deal)
.31% ~ $ 9.68 | NFYS - Enphys Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.74 | FRXB - Forest Road Acquisition Corp. II (Pre-Deal)
.31% ~ $ 9.78 | ASAX - Astrea Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.79 | CSTA - Constellation Acquisition Corp I (Pre-Deal)
.31% ~ $ 9.82 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.83 | ZING - FTAC Zeus Acquisition Corp. (Pre-Deal)
.30% ~ $ 9.87 | CHWA - CHW Acquisition Corp (Announced)
.30% ~ $ 9.87 | SPAQ - Spartan Acquisition Corp. III (Announced)
.30% ~ $ 9.93 | HTPA - Highland Transcend Partners I Corp (Announced)

Biggest Losers

-14.56% ~ $ 83.34 | DWAC - Digital World Acquisition Corp. (Announced)
-8.33% ~ $ 11.34 | CFVI - CF Acquisition Corp. VI (Announced)
-2.21% ~ $ 9.75 | KYCH - Keyarch Acquisition Corp (Pre-Deal)
-1.52% ~ $ 9.72 | PTOC - Pine Technology Acquisition Corp. (Pre-Deal)
-.99% ~ $ 10.05 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
-.90% ~ $ 9.91 | ITAQ - Industrial Tech Acquisitions II, Inc. (Pre-Deal)
-.79% ~ $ 10.10 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
-.70% ~ $ 9.89 | SPK - SPK Acquisition Corp. (Announced)
-.61% ~ $ 9.77 | SPKB - Silver Spike Acquisition Corp II (Announced)
-.61% ~ $ 9.80 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
-.61% ~ $ 9.83 | BNNR - Banner Acquisition Corp. (Pre-Deal)
-.54% ~ $ 11.04 | GGPI - Gores Guggenheim, Inc (Announced)
-.52% ~ $ 9.62 | SCRM - Screaming Eagle Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.91 | GIIX - GORES HOLDINGS VIII, INC. (Announced)
-.50% ~ $ 9.91 | LION - Lionheart III CORP (Pre-Deal)
-.50% ~ $ 9.93 | PAFO - Pacifico Acquisition Corp. (Announced)
-.49% ~ $ 10.18 | HUGS - USHG Acquisition Corp. (Announced)
-.45% ~ $ 9.63 | TWCB - Bilander Acquisition Corp. (Pre-Deal)
-.43% ~ $ 9.34 | MTAC - MedTech Acquisition Corporation (Announced)
-.41% ~ $ 9.78 | ARYD - ARYA Sciences Acquisition Corp IV (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

--------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

What's working

Best performing DeSPACs to close in the last 6 months:

• Sky Harbour Group Corporation (SKYH). Aviation infrastructure company Sky Harbor has had an exceptional debut. Sky Harbour came public via a SPAC merger with Yellowstone Acquisition in a deal which valued SKYH at $777 million. Sky’s business is mostly focussed on growing demand for hangar space at airports. From 2010 to 2020, the total footprint of the U.S. business aviation fleet grew by 27 million square feet. Demand for private aviation has exploded since the onset of the COVID-19 pandemic. Globally, demand is up 21% for private jets, with some countries seeing increases closer to 60%. Shares are up 93% YTD.

• Black Rifle Coffee (BRCC). Trump plays are performing well, and this stock is well aligned with conservative political themes. This so-called 'Starbucks (SBUX) of the Right' has a mandate which includes hiring U.S. veterans. BRCC shares are bucking all the macro trends-- up ~18% YTD, despite the big-name competition and increasing coffee prices. Note: trading volume is high in this name for its size, ~3 million shares on a ~$815 million market cap.

• Inspirato (INSPO). Who would have thought a luxury vacation story would have been February's top performer? Inspirato merged with Thayer Ventures, receiving ~$260 million in gross proceeds from the transaction-- which valued the company at $1.1 billion. Following a Valentine's Day debut, ISPO shares popped to ~$93 days later, but have since pulled back sharply to ~$46, valuing the company ~$2.2 billion. Inspirato operates as a luxury travel subscription company that allows subscribers to book trips through a variety of upscale hotels, cruises and vacation homes. The company offers trips to over 240 global locations. The subscription program, called the Inspirato Pass, starts at $2,500 monthly.

• Archaea Energy (LFG). Archaea is one of the largest renewable natural gas (RNG) producers in the U.S. The company closed its IPO back in September through a merger with Rice Acquisition Corp. In late December, the company announced the start-up of Project Assai, an RNG facility located at the Keystone Sanitary Landfill in Dunmore, Pennsylvania. The asset is producing pipeline-quality RNG and is the highest capacity operational RNG facility in the world. Compared to the rest of the SPAC universe, LFG shares are performing relatively well-- down modestly from their peak of ~$21 in November, down 7% YTD.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

--------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

PAQC to merge with Perfect Corp. 

Provident Acquisition Corp. (PAQC) announced a merger with Perfect Corp., "a Leading AR and AI SaaS solution provider in the beauty and fashion industries." The deal sets the enterprise value of Perfect Corp. at $1.02 billion. Perfect Corp. should get up to $335 million in gross proceeds, including $50 million from a PIPE transaction, $55 million from forward purchase agreements, and $230 million currently held in trust by Provident (subject to redemptions). The PIPE is anchored by CHANEL, CyberLink, Shiseido (SSDOY) and Snap (SNAP).

SPAQ / Allego announces Italy deal ahead of next week's vote

Pan European Electric Vehicle (EV) charging network Allego Holding BV announced a a strategic agreement with Tamoil Italia, a leading fuel energy provider within the European downstream oil and gas sector, to develop 11 ultra-fast and fast charging locations throughout Italy at pre-existing Tamoil sites. 

Allego is slated to go public via SPAC merger with Spartan Acquisition Corp. III (SPAQ).  The announcement is well-timed ahead of the merger vote next week (3/8). 

Elsewhere in SPACs

SPAC votes coming up next week: 

3/8 -- CFFE, $10.01, extension
3/8 -- SPAQ, $9.98, + Allego
3/9 -- MTAC, $9.93, + Memic Innovative

Autonomous driving company TuSimple crashes on management change 

Autonomous trucking company TuSimple (TSP) announced Co-Founder and CTO Xiaodi Hou will succeed Cheng Lu as President and Chief Executive Officer and succeed Mo Chen as Chairman of the Board. Chen, who co-founded TuSimple, had served as executive chairman since September 2020 and served as CEO from the company's inception in 2015 to September 2020. He held a roughly 7.6% stake in the company as of last April.

Investors were upset by the sudden news, which the company says was part of a planned executive succession as it moves to the next phase of commercializing its L4 autonomous trucking technology.

The reason for the change may have something to do with national security concerns relating to China.  According to the company's recent 8-K filing, TSP reached a resolution with CFIUS (Committee on Foreign Investment in the United States) earlier this month. TSP entered into a National Security Agreement (NSA) with the U.S. government under which it has agreed to limit access to certain data and adopt a technology control plan, appoint a security officer and a security director, establish a government security committee of the board of directors of the Company to be chaired by the security director, and periodically meet with and report to CFIUS monitoring agencies. In addition, current directors of the Company representing Sun Dream Inc, one of the company's stockholders, have agreed that they will not be re-elected to the board of directors. Sun Dream also agreed that it will not nominate replacement candidates or increase its current shareholdings in the Company.

From a governance perspective, a dual CEO-Chairman won't sit well with most investors.  

TSP IPO'd in April 2021 at ~$40. Shares peaked at over $70 in June. TSP shares closed at $13.14, down 23% on the day. 

Boardroom Alpha will be chatting with TSP CFO Pat Dillon on the podcast next week. Stay tuned. 

Today's Price Action

Biggest Gainers

4.05% ~ $ 11.31 | HCCC - Healthcare Capital Corp. (Announced)
3.82% ~ $ 12.77 | CFVI - CF Acquisition Corp. VI (Announced)
2.21% ~ $ 97.25 | DWAC - Digital World Acquisition Corp. (Announced)
1.10% ~ $ 10.08 | IPOD - Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
1.01% ~ $ 10.04 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.93% ~ $ 9.80 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
.92% ~ $ 9.90 | SRSA - Sarissa Capital Acquisition Corp (Pre-Deal)
.90% ~ $ 11.16 | GGPI - Gores Guggenheim, Inc (Announced)
.88% ~ $ 10.30 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
.83% ~ $ 9.70 | BLEU - bleuacacia ltd (Pre-Deal)
.82% ~ $ 9.86 | VBOC - Viscogliosi Brothers Acquisition Corp (Pre-Deal)
.72% ~ $ 9.73 | GFOR - Graf Acquisition Corp. IV (Pre-Deal)
.71% ~ $ 9.96 | SPK - SPK Acquisition Corp. (Announced)
.63% ~ $ 9.66 | BWC - Blue Whale Acquisition Corp I (Pre-Deal)
.62% ~ $ 9.67 | DALS - DA32 Life Science Tech Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.84 | PRBM - Parabellum Acquisition Corp. (Pre-Deal)
.56% ~ $ 9.90 | LGTO - LEGATO MERGER CORP. II (Pre-Deal)
.52% ~ $ 9.65 | APMI - AxonPrime Infrastructure Acquisition Corp (Pre-Deal)
.52% ~ $ 9.70 | AMCI - AMCI Acquisition Corp. II (Pre-Deal)
.51% ~ $ 9.76 | SEDA - SDCL EDGE Acquisition Corp (Pre-Deal)

Biggest Losers

-2.10% ~ $ 9.77 | SPAQ - Spartan Acquisition Corp. III (Announced)
-.81% ~ $ 9.76 | IXAQ - IX Acquisition Corp. (Pre-Deal)
-.81% ~ $ 9.79 | POND - Angel Pond Holdings Corp (Announced)
-.59% ~ $ 10.14 | NLIT - Northern Lights Acquisition Corp. (Announced)
-.52% ~ $ 9.63 | CNDA - Concord Acquisition Corp II (Pre-Deal)
-.51% ~ $ 9.69 | EGGF - EG Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.61 | LOCC - Live Oak Crestview Climate Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.71 | FWAC - Fifth Wall Acquisition Corp. III (Pre-Deal)
-.41% ~ $ 9.80 | BIOT - Biotech Acquisition Company (Announced)
-.41% ~ $ 9.80 | RCAC - Revelstone Capital Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.81 | UTAA - UTA Acquisition Corporation (Pre-Deal)
-.31% ~ $ 9.71 | NBST - Newbury Street Acquisition Corporation (Pre-Deal)
-.31% ~ $ 9.71 | TIOA - Tio Tech A (Pre-Deal)
-.31% ~ $ 9.72 | MIT - Mason Industrial Technology, Inc. (Pre-Deal)
-.31% ~ $ 9.76 | PRPC - CC Neuberger Principal Holdings III (Pre-Deal)
-.31% ~ $ 9.80 | NVAC - NorthView Acquisition Corp (Pre-Deal)
-.30% ~ $ 9.92 | CXAC - C5 Acquisition Corp (Pre-Deal)
-.30% ~ $ 10.03 | LCAP - Lionheart Acquisition Corporation II (Announced)
-.25% ~ $ 9.87 | SCUA - Sculptor Acquisition Corp I (Pre-Deal)
-.25% ~ $ 9.92 | TLGY - TLGY Acquisition Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

--------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

Chamath will face the music at Clover

Even the "King" must head the law. Our favorite SPAC badboy Chamath Palihapaitiya is back in the spotlight. This time, he's in the crosshairs of a shareholder lawsuit against Clover Health (CLOV). The suit claims the company misled investors about the health insurance company when it went public via one of Palihapitiya's many SPACs. Today, U.S. District Judge Aleta Trauger declined to dismiss the case, allowing investors to proceed with allegations Clover lied about the source of its growth and the existence of a U.S. Department of Justice probe into the company. Recall Chamath got some attention recently from some eye-popping gains on the sale of his stake in space tourism operator Virgin Galactic (SPCE). 

Three new SPAC IPOs 

Sound Point Acquisition Corp. I (SPCM) prices upsized IPO. Details here. $225M (upsize), 1/2W, $10.30 trust. The Company hasn't announced a target but intends to concentrate its efforts in sectors where Sound Point Capital Management, LP, an affiliate of the Company's sponsor, has relationships and experience.

SHUAA Partners Acquisition Corp. (SHUA) prices downsized IPO. Dubai investment bank and asset manager SHUAA Capital joins a handful of Middle East SPACs, pricing a $100M IPO today. 1/2W, $10.25 trust. Details here. The company is led by CEO and Director Fawad Tariq Khan, a Managing Director at SHUAA Capital. SHUA plans to target a tech company based in Middle East, North Africa, and/or Turkey. 

Kensington Capital Acquisition IV (KCAC) priced a $200M offering that carries 1 Class 1 Warrant and 1 Class 2 Warrant. The 4th of from Justin Mirro, Kensington V (KCGI) already priced in August and is searching for a deal. While DeSPACs WallBox (WBX) and QuantumScape (QS) are holding their own relative to some other DeSPAC disasters.  

Elsewhere in SPACs

• Rigetti goes live. On the heels of fellow Quantum Computing deSPAC IONQ (IONQ) which came out in October, Rigetti Computing closed its merger with Supernova Partners Acquisition Company II, and began trading today under the symbol RGTI. Shares closed at $9.43, down 3%. 

• Low float squeeze alert: Eaststone Acquisition Corp. (ESSC) finally released voting info from their 2/24 extension vote. Shareholders redeemed just 361 shares for $3.7k (at $10.26), but lest not forget ~76% of the SPAC had already redeemed in a prior vote. See the filing here. The company has already announced a proposed merger with JHD Holdings, a merchant enablement platform serving lower-tier cities in China. This is the third extension, now out to 8/24. ESSC stock has been on a wild ride, peaking at over $18 back in December. High redemptions/low float makes this stock a favorite squeeze candidate for the retail crowd. 

• Jason Tan's Jeneration Acquisition pulls the plug. In the world of withdrawn IPOs, Hong-Kong-based SPAC Jeneration Acquisition Corp.(JACAU) is the latest to pull the plug. The firm withdrew its plans for a $300 million IPO. The company was to be led by CEO and Director Jason Tan, a Partner and the CIO of Jeneration Capital, and Chairman Jimmy Chang, the founder of Jeneration Group and a Partner of Jeneration Capital. JACAU had planned to target technology and technology-enabled models in Asia, particularly in Greater China, including in mobility, online services, software, e-commerce, AI, robotics, and clean energy.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

--------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

Satellogic CEO Emiliano Kargieman sits down on the Know Who Drives Return podcast to discuss the future of geospatial data and early life as a public company. 

**Read the full writeup here**

While early days, the potential commercial uses for the earth observatory data being captured by Satellogic are very widespread, and set up for huge growth. 

Have a listen to hear Emiliano in an engaging conversation on what's to come. 

View the original article to see embedded media.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

--------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

Valuence Merger Debuts  

Valuence Merger I (VMCAU), a SPAC targeting life sciences and sustainability, raised $200 million today in its IPO. The company is led by CEO Sung Yoon Woo, founder and CEO of South Korean private equity firm Credian Partners. He is joined by CFO and Director Andrew Hyung (ex-Nomura Greentech), President Sung Lee (ex-Global Development Group of SK), and COO Gene Cho (Executive Director of CG Pharmaceuticals).

The SPAC plans to target a life sciences or sustainable technology firm in Asia (excluding China, Hong Kong and Macau). The company expects to collaborate with VC firm CrystalBioSciences, Korean PE firm Credian Partners, and Japanese consulting firm Quantum Leaps.

Elsewhere in SPACs  

• Symbotic reported earnings.  Walmart-backed (WMT) Robotics and AI provider Symbotic LLC reported 1Q F2022 earnings.  Symbiotic is expected to deSPAC from SVF Investment Corp. 3 (SVFC),  an affiliate of SoftBank Investment Advisers. The company reported 1Q F2022 revenues of $77.1 million, adjusted EBITDA of $(21.3) million and a quarterly net income of $(23.1) million. The company boasted a $5.3 billion backlog, up from $5 billion back in December. SVFC filed an S-4 on February 4, 2022, which includes a preliminary proxy statement and prospectus.

• Pacifico Acquisition (PAFO) signs a merger agreement with Caravelle. Merger announcements have been in short supply lately. But PAFO signed a letter of intent with Singapore-based, carbon-neutral shipping company Caravelle. Pacifico has about $57.5 million in trust and plans to supplement the transaction with a PIPE (hopefully). Few details, as there is no filing yet. 

• SoFi Technologies (SOFI) is hot hot hot. We liked SOFI going into the print, and sure enough, the fintech didn't let us down. Proving that deSPACs can outperform the market, SOFI reported impressive Q4 results, raising guidance. Stock is trading up 20% after hours. 

Today's Price Action

Biggest Gainers

3.33% ~ $ 10.24 | SNII - Supernova Partners Acquisition Company II, Ltd. (Announced)
3.31% ~ $ 95.10 | DWAC - Digital World Acquisition Corp. (Announced)
1.45% ~ $ 9.80 | PSPC - Post Holdings Partnering Corporation (Pre-Deal)
.93% ~ $ 9.80 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
.91% ~ $ 9.89 | CITE - Cartica Acquisition Corp (Pre-Deal)
.82% ~ $ 9.85 | NFNT - Infinite Acquisition Corp. (Pre-Deal)
.82% ~ $ 9.87 | GLTA - Galata Acquisition Corp (Pre-Deal)
.81% ~ $ 9.91 | AEAE - AltEnergy Acquisition Corp (Pre-Deal)
.71% ~ $ 9.91 | CBRG - Chain Bridge I (Pre-Deal)
.71% ~ $ 9.96 | BMAC - Black Mountain Acquisition Corp. (Pre-Deal)
.71% ~ $ 9.96 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.81 | SWSS - Springwater Special Situations Corp. (Pre-Deal)
.61% ~ $ 9.84 | ROCL - Roth CH Acquisition V Co. (Pre-Deal)
.61% ~ $ 9.89 | BPAC - Bullpen Parlay Acquisition Co (Pre-Deal)
.61% ~ $ 9.91 | FIAC - Focus Impact Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.91 | TGVC - TG Venture Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.96 | AFAC - Arena Fortify Acquisition Corp. (Pre-Deal)
.57% ~ $ 9.76 | LHAA - Lerer Hippeau Acquisition Corp (Pre-Deal)
.52% ~ $ 9.69 | EGGF - EG Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.69 | CLBR - Colombier Acquisition Corp. (Pre-Deal)

Biggest Losers

-3.96% ~ $ 11.88 | CFVI - CF Acquisition Corp. VI (Announced)
-1.81% ~ $ 10.86 | GGPI - Gores Guggenheim, Inc (Announced)
-.91% ~ $ 9.77 | SAMA - Schultze Special Purpose Acquisition Corp. II (Pre-Deal)
-.83% ~ $ 9.60 | BWC - Blue Whale Acquisition Corp I (Pre-Deal)
-.80% ~ $ 9.98 | CXAC - C5 Acquisition Corp (Pre-Deal)
-.72% ~ $ 9.66 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
-.61% ~ $ 9.82 | NAAC - North Atlantic Acquisition Corporation (Announced)
-.55% ~ $ 9.93 | OPA - Magnum Opus Acquisition Limited (Announced)
-.52% ~ $ 9.62 | BLEU - bleuacacia ltd (Pre-Deal)
-.51% ~ $ 9.76 | WPCB - Warburg Pincus Capital Corporation I—B (Pre-Deal)
-.51% ~ $ 9.80 | ITHX - ITHAX Acquisition Corp. (Announced)
-.51% ~ $ 9.84 | FHLT - Future Health ESG Corp. (Pre-Deal)
-.51% ~ $ 9.85 | CFFS - CF Acquisition Corp. VII (Pre-Deal)
-.50% ~ $ 10.04 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
-.50% ~ $ 10.04 | REVE - Alpine Acquisition Corp. (Pre-Deal)
-.42% ~ $ 9.59 | HCVI - Hennessy Capital Investment Corp. VI (Pre-Deal)
-.41% ~ $ 9.63 | FICV - Frontier Investment Corp (Pre-Deal)
-.41% ~ $ 9.67 | LITT - Logistics Innovation Technologies Corp. (Pre-Deal)
-.41% ~ $ 9.68 | GFOR - Graf Acquisition Corp. IV (Pre-Deal)
-.41% ~ $ 9.70 | IACC - ION Acquisition Corp 3 Ltd. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
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** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

SoFi (SOFI) is set to report Q4 earnings after the bell today. Boardroom Alpha's Joanna Makris takes a look at what to expect in the report.  

**Read the full report here**

The bottom line: if you want to play in this space, SOFI is the lead horse to bet on right now. At an EV to sales of 6x, we’re much more inclined on the long side here. A decent print and we think the stock can trade back up to ~$15 levels it saw in January.

Podcast: MoneyLion CEO Dee Choubey

ICYMI, we spoke with "SoFi cousin" MoneyLion's CEO Dee Choubey for the Know Who Drives Return podcast. 

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

With over 600 SPACs searching for deals, the story remains the same: not enough M&A activity is getting done. Times are tough right now for SPACs that are searching, as they are facing a number of impediments, to name a few:

• ice cold PIPE market
• skyrocketing redemptions
• broader tech market selloff
• DeSPAC negativity and poor performance

These factors aren't exactly marking a spree of SPAC activity. That being said, the market can turn quite quickly if sentiment begins to improve. For the time being, activity remains low. With just 21 deals announced in 2022 so far, ~10 a month is not nearly enough to clear out the backlog. 

Just one vote this week (Supernova and Rigetti today), though the pace will pick up slightly in march. 

Pre-Deal SPACs remain trading near all time low discounts

Elsewhere in SPACs

• FTAC Athena (FTAA) terminated its business combination agreement with Pico due to "Pico’s failure to deliver financial information as required." It is the 8th SPAC termination thus far in 2022

• IPO withdrawals: Fifth Wall Acquisition II, Makara Strategic Acquisition, VIDA Flash Acquisitions
• SPK Acquisition Corp (SPK) and Varian Pharmaceuticals released an investor presentation for their proposed merger

Today's Price Action

Biggest Gainers

6.44% ~ $ 9.91 | SNII - Supernova Partners Acquisition Company II, Ltd. (Announced)
2.88% ~ $ 92.05 | DWAC - Digital World Acquisition Corp. (Announced)
1.47% ~ $ 11.06 | GGPI - Gores Guggenheim, Inc (Announced)
1.44% ~ $ 9.84 | IVCP - Swiftmerge Acquisition Corp. (Pre-Deal)
1.30% ~ $ 10.91 | HCCC - Healthcare Capital Corp. (Announced)
.93% ~ $ 9.80 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
.78% ~ $ 10.29 | HUGS - USHG Acquisition Corp. (Announced)
.62% ~ $ 9.81 | WPCB - Warburg Pincus Capital Corporation I—B (Pre-Deal)
.61% ~ $ 9.90 | BRAC - Broad Capital Acquisition Corp (Pre-Deal)
.61% ~ $ 9.96 | DYNS - Dynamics Special Purpose Corp. (Announced)
.51% ~ $ 9.80 | ARYD - ARYA Sciences Acquisition Corp IV (Pre-Deal)
.51% ~ $ 9.89 | SAGA - Sagaliam Acquisition Corp (Pre-Deal)
.51% ~ $ 9.90 | AURC - Aurora Acquisition Corp. (Announced)
.51% ~ $ 9.93 | GTAC - Global Technology Acquisition Corp. I (Pre-Deal)
.50% ~ $ 9.98 | OPA - Magnum Opus Acquisition Limited (Announced)
.41% ~ $ 9.81 | WWAC - Worldwide Webb Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.81 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.83 | DILA - Dila Capital Acquisition Corp (Pre-Deal)
.41% ~ $ 9.84 | PRLH - Pearl Holdings Acquisition Corp (Pre-Deal)
.41% ~ $ 9.85 | BOCN - Blue Ocean Acquisition Corp (Pre-Deal)

Biggest Losers

-5.46% ~ $ 9.96 | ARCK - Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
-2.75% ~ $ 12.37 | CFVI - CF Acquisition Corp. VI (Announced)
-1.19% ~ $ 9.98 | IPOD - Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
-1.04% ~ $ 10.49 | ESSC - East Stone Acquisition Corporation (Announced)
-.92% ~ $ 9.73 | FTAA - FTAC Athena Acquisition Corp. (Pre-Deal)
-.62% ~ $ 9.62 | CNDA - Concord Acquisition Corp II (Pre-Deal)
-.61% ~ $ 9.75 | SWSS - Springwater Special Situations Corp. (Pre-Deal)
-.61% ~ $ 9.79 | RCLF - Rosecliff Acquisition Corp I (Announced)
-.52% ~ $ 9.64 | EGGF - EG Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.73 | RVAC - Riverview Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.83 | SIER - Sierra Lake Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.86 | IPVF - InterPrivate III Financial Partners Inc. (Announced)
-.50% ~ $ 10.04 | REVE - Alpine Acquisition Corp. (Pre-Deal)
-.46% ~ $ 9.79 | SLCR - Silver Crest Acquisition Corporation (Announced)
-.41% ~ $ 9.61 | NFYS - Enphys Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.63 | TRTL - TortoiseEcofin Acquisition Corp. III (Pre-Deal)
-.40% ~ $ 9.85 | NPAB - New Providence Acquisition Corp. II (Pre-Deal)
-.40% ~ $ 9.92 | GEEX - Games & Esports Experience Acquisition Corp. (Pre-Deal)
-.36% ~ $ 10.18 | GLAQ - Globis Acquisition Corp. (Announced)
-.31% ~ $ 9.67 | CPAR - Catalyst Partners Acquisition Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

Lucid (LCID) stock is running hot into its Q4 earnings report, today aftermarket. The big question is what investors are willing to pay for growth. LCID stock has plunged 40% YTD, but still see downside risk at these levels.

**Read the full report here**

Key points ahead of the quarter

• First cars on the line. Impressive reservation numbers
• High operating expenses will impact earnings and cash flow. Will it matter?
• Signs $30 million lease agreement on Saudi plant.
• No doubt, Lucid can sell every car that comes off the line right now...but production is the key risk here.
• Challenging times for carmakers, even bellwether TSLA.
• LCID is still a high-risk, retail-driven momentum story.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

** SPAC Market Review - January 2022

Another quiet day (and week) in the SPAC market as broader equity markets remained quite volatile amid uncertainty surrounding Ukraine/Russia. Surprisingly, two SPAC IPO'ed today. 

Elsewhere this week we saw just two new deals announced and one cancelled. It's hard to see a near term catalyst for change as deals are becoming harder and harder to close. 

Two new SPACs debut 

GSR II Meteora Acquisition (GSRM), a SPAC backed by Meteora Capital targeting high-growth businesses, raised $275M in its IPO today. Earlier this week, the company raised the proposed deal size by 25%. The company originally filed in January as GLA II Meteora Acquisition.

Each unit consists of one share of common stock, one-sixteenth of a right to receive one share of common stock at the closing of an initial business combination, and one warrant, exercisable at $11.50. Each unit previously contained one share of common stock, one-twentieth of a right, and one-half of a warrant. 

The SPAC is led by co-CEO and Director Gus Garcia, former Head of SPAC M&A for Bank of America; co-CEO and Director Lewis Silberman, former Head of SPAC Equity Capital Markets for Oppenheimer & Co.; President and Director Anantha Ramamurti, a former Managing Director and Head of Global Mobility Group at Bank of America Securities; and CFO Joseph Tonnos, a Principal and Associate Portfolio Manager at Meteora Capital. Silberman, Garcia, and Ramamurti are also co-founders and Partners of consulting and financial-advisory business SPAC Advisory Partners, LLC. 

FG Merger Corp. (FGMC), backed by FG Financial Group (FGF), also debuted today, raising $70M. The IPO consisted of 7M units with each unit consisting of one share of common stock and three-quarters of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of common stock at $11.50 per share. 

The SPAC will focus on a target business in the financial services industry in North America.

Upcoming Merger Votes

Feb 28 | $ 9.31 | SNII - Supernova Partners Acquisition Company II, Ltd. --> Rigetti Co, Inc.
Mar 08 | $ 9.97 | SPAQ - Spartan Acquisition Corp. III --> Allego
Mar 09 | $ 9.96 | MTAC - MedTech Acquisition Corporation --> Memic Innovative Surgery Ltd.
Mar 15 | $ 9.96 | BTNB - Bridgetown 2 Holdings Limited --> PropertyGuru Group
Mar 16 | $ 9.94 | FMAC - FirstMark Horizon Acquisition Corp --> Starry, Inc.
Mar 22 | $ 9.92 | TWNT - Tailwind Two Acquisition Corp. --> TERRAN ORBITAL Corp
Mar 29 | $ 9.91 | HTPA - Highland Transcend Partners I Corp --> Packable
Mar 31 | $ 9.96 | HLXA - HELIX ACQUISITION CORP --> MoonLake Immunotherapeutics AG

Today's Price Action

Biggest Gainers

11.26% ~ $ 10.77 | HCCC - Healthcare Capital Corp. (Announced)
2.87% ~ $ 9.31 | SNII - Supernova Partners Acquisition Company II, Ltd. (Announced)
2.46% ~ $ 89.47 | DWAC - Digital World Acquisition Corp. (Announced)
2.28% ~ $ 10.54 | ARCK - Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
1.44% ~ $ 9.84 | IXAQ - IX Acquisition Corp. (Pre-Deal)
1.08% ~ $ 10.27 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
1.00% ~ $ 10.10 | IPOD - Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
.95% ~ $ 12.72 | CFVI - CF Acquisition Corp. VI (Announced)
.60% ~ $ 10.02 | TOAC - Talon 1 Acquisition Corp (Pre-Deal)
.51% ~ $ 9.88 | SIER - Sierra Lake Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.90 | PGSS - Pegasus Digital Mobility Acquisition Corp. (Pre-Deal)
.45% ~ $ 9.95 | POND - Angel Pond Holdings Corp (Announced)
.41% ~ $ 9.69 | EGGF - EG Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.70 | PFTA - Portage Fintech Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.74 | ROSS - Ross Acquisition Corp II (Pre-Deal)
.41% ~ $ 9.84 | PRLH - Pearl Holdings Acquisition Corp (Pre-Deal)
.41% ~ $ 9.86 | PORT - Southport Acquisition Corporation (Pre-Deal)
.41% ~ $ 9.86 | ITHX - ITHAX Acquisition Corp. (Announced)
.41% ~ $ 9.88 | XFIN - ExcelFin Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.91 | SHAP - Spree Acquisition Corp. 1 Ltd (Pre-Deal)

Biggest Losers

-.92% ~ $ 9.66 | JUGG - Jaws Juggernaut Acquisition Corporation (Pre-Deal)
-.70% ~ $ 9.86 | LAAA - Lakeshore Acquisition I Corp. (Pre-Deal)
-.56% ~ $ 9.77 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
-.52% ~ $ 9.65 | THCP - Thunder Bridge Capital Partners IV, Inc. (Pre-Deal)
-.51% ~ $ 9.77 | IIII - INSU Acquisition Corp. III (Pre-Deal)
-.51% ~ $ 9.83 | BPAC - Bullpen Parlay Acquisition Co (Pre-Deal)
-.51% ~ $ 9.85 | SMAP - Sportsmap Tech Acquisition Corp. (Pre-Deal)
-.49% ~ $ 10.21 | HUGS - USHG Acquisition Corp. (Announced)
-.41% ~ $ 9.62 | MITA - Coliseum Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.68 | ACRO - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.71 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
-.41% ~ $ 9.78 | FTVI - FinTech Acquisition Corp. VI (Pre-Deal)
-.41% ~ $ 9.81 | FVAM - 501 ACQ CORP (Pre-Deal)
-.40% ~ $ 9.93 | DHAC - Digital Health Acquisition Corp. (Pre-Deal)
-.35% ~ $ 9.88 | AOGO - Arogo Capital Acquisition Corp. (Pre-Deal)
-.32% ~ $ 10.00 | MBTC - Nocturne Acquisition Corporation (Pre-Deal)
-.31% ~ $ 9.68 | PSPC - Post Holdings Partnering Corporation (Pre-Deal)
-.31% ~ $ 9.70 | FTPA - FTAC Parnassus Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.71 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.71 | IPVI - InterPrivate IV InfraTech Partners Inc. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

Boardroom Alpha sat down with Dee Choubey, CEO of fintech MoneyLion (ML). Moneylion is a mobile banking and financial membership platform that went public via SPAC merger with Fusion Acquisition (FUSE). After a career in investment banking, Dee co-founded MoneyLion in 2013 with an ambitious goal: to combine AI, machine-learning technology and behavioral science to bring consumer finance into the future.

Does MoneyLion have what it takes to compete with the big guys? Can MoneyLion become the next super app? Listen to the podcast to find out more.

** Read the full report here.

** Read the full report here.

More from Boardroom Alpha

Boardroom Alpha's SPAC Service
For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Research and Data service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Exclusive: Polestar CEO Thomas Ingenlath Joins the Podcast
• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

** SPAC Market Review - January 2022

ARYD Terminates merger with Amicus Therapeutics

In what's now becoming a very familiar narrative, another SPAC breaks up with its target. Arya Sciences Acquisition Corp. IV (ARYD) announces the termination of its merger agreement with Amicus Therapeutics (FOLD). 

“While this is not the outcome we had hoped for, ARYA IV still has over a year remaining to identify and execute on a business combination transaction and the ARYA IV team believes it is well positioned to identify and execute on an opportunity that meets its key investment criteria and that can deliver value for its shareholders within that time period,” said Adam Stone, Chief Executive Officer. 

ARYA has until March 2, 2023 to find another target. 

Neither party will pay a termination fee.

BigBear.ai nixes share repurchase. Next gamma squeeze?  

Only two months into life as a public company, recent deSPAC Big Bear.ai (BBAI) announced the termination of its previously-announced share buyback. Even without the buyback, the stock's already thin float (12.7 million shares), puts it squarely in the crosshairs of a potential short squeeze. 

BBAI, which went public via SPAC merger with GigCapital4, Inc. in December, provides artificial intelligence ("AI"), machine learning, cloud-based big data analytics, and cyber engineering solutions. 

BBAI shares closed at $5.50, up 6% on the day. 

Elsewhere in SPACs 

• Extension vote for AMAO. In the world of SPACs without targets, American Acquisition Opportunity Inc. (AMAO) has an extension vote coming up on 3/18. The company intends to focus on companies in the land holdings and resources industry in the United States. Stay tuned. 

• Rigetti/Supernova cutting things close: still not enough votes. Supernova Partners Acquisition Company II (SNII) doesn't seem to have enough votes to approve the Rigetti Computing merger putting out a PR urging shareholders to put in votes for its 2/28 meeting. 
• Delwinds Acquisition Corp. (DWIN) to merge with FOXO Technologies. The transaction values the company at an EV of $369 million. FOXO, which is expected to trade on the NYSE under the symbol "FOXO," is a technology company applying epigenetic science and AI to modernize the life insurance industry. 
• Clean Earth Acquisitions Corp. (CLINU) priced a $200M IPO, 1R (1/10 share), 1/2 warrant, and $10.10 trust. The SPAC is targeting clean energy and a company with an EV of $800M - $1.5B.

Today's Price Action

Biggest Gainers

7.74% ~ $ 9.05 | SNII - Supernova Partners Acquisition Company II, Ltd. (Announced)
3.31% ~ $ 10.30 | ARCK - Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
1.44% ~ $ 9.84 | IXAQ - IX Acquisition Corp. (Pre-Deal)
.92% ~ $ 9.85 | EVE - EVe Mobility Acquisition Corp (Pre-Deal)
.70% ~ $ 9.96 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.60% ~ $ 10.00 | IPOD - Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
.51% ~ $ 9.80 | NHIC - NewHold Investment Corp. II (Pre-Deal)
.50% ~ $ 9.97 | GIIX - GORES HOLDINGS VIII, INC. (Announced)
.46% ~ $ 9.83 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.69 | EGGF - EG Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.71 | TCVA - TCV Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.73 | FRW - PWP Forward Acquisition Corp. I (Pre-Deal)
.41% ~ $ 9.75 | JUGG - Jaws Juggernaut Acquisition Corporation (Pre-Deal)
.41% ~ $ 9.75 | PUCK - Goal Acquisitions Corp. (Pre-Deal)
.41% ~ $ 9.75 | GSQB - G Squared Ascend II, Inc. (Pre-Deal)
.41% ~ $ 9.84 | PRLH - Pearl Holdings Acquisition Corp (Pre-Deal)
.41% ~ $ 9.86 | PORT - Southport Acquisition Corporation (Pre-Deal)
.40% ~ $ 10.09 | REVE - Alpine Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.65 | GOBI - Gobi Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.72 | ACRO - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)

Biggest Losers

-4.91% ~ $ 9.68 | HCCC - Healthcare Capital Corp. (Announced)
-1.80% ~ $ 9.80 | AIB - AIB Acquisition Corp (Pre-Deal)
-1.72% ~ $ 9.70 | IVCP - Swiftmerge Acquisition Corp. (Pre-Deal)
-1.60% ~ $ 9.84 | BRAC - Broad Capital Acquisition Corp (Pre-Deal)
-1.45% ~ $ 10.91 | GGPI - Gores Guggenheim, Inc (Announced)
-1.41% ~ $ 9.77 | ARYD - ARYA Sciences Acquisition Corp IV (Pre-Deal)
-1.33% ~ $ 87.32 | DWAC - Digital World Acquisition Corp. (Announced)
-1.13% ~ $ 9.65 | ORIA - Orion Biotech Opportunities Corp. (Pre-Deal)
-1.12% ~ $ 9.74 | TCOA - Trajectory Alpha Acquisition Corp. (Pre-Deal)
-1.10% ~ $ 12.60 | CFVI - CF Acquisition Corp. VI (Announced)
-.94% ~ $ 10.56 | ESSC - East Stone Acquisition Corporation (Announced)
-.91% ~ $ 9.80 | UTAA - UTA Acquisition Corporation (Pre-Deal)
-.90% ~ $ 9.86 | CFFS - CF Acquisition Corp. VII (Pre-Deal)
-.86% ~ $ 10.10 | NLIT - Northern Lights Acquisition Corp. (Announced)
-.82% ~ $ 9.72 | BGSX - Build Acquisition Corp. (Pre-Deal)
-.81% ~ $ 9.81 | GATE - Marblegate Acquisition Corp. (Pre-Deal)
-.78% ~ $ 9.64 | WAVC - Waverley Capital Acquisition Corp. 1 (Pre-Deal)
-.70% ~ $ 9.93 | ISAA - Iron Spark I Inc. (Pre-Deal)
-.61% ~ $ 9.85 | BIOT - Biotech Acquisition Company (Announced)
-.51% ~ $ 9.72 | XPDB - Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Brilliant Acquisition Corp. (BRLI) to merge with crypto exchange Nukkleus 

Brilliant Acquisition Corp. (BRLI) announces its merger target: penny stock crypto exchange Nukkleus (NUKK). NUKK, currently OTC-listed, will get an impressive 1:25.146 reverse-split and up-listing to the NASDAQ exchange. The transaction, valued at $140 million (pre-merger), has been approved by the Boards of Directors of both companies and is expected to close in the second or third quarter of 2022. 

Last spring, Nukkleus had announced it was looking to raise additional capital after being named as a defendant in the case related to the bankruptcy of Boston Prime and BT Prime, the liquidity providers of Boston Technologies. BT Prime wants to hold Nukkleus and its affiliates liable for debts and liabilities associated with its bankruptcy proceedings. BT Prime incurred huge losses as a result of market volatility following the Swiss National Bank removal of the Euro-franc peg in 2015. 

NUKK traded down 1% on the day to close at $0.21.

Smart-glass deSPAC VIEW learns about transparency the hard way 

Smart-glass maker View (VIEW) is less transparent with its financials than its products. Only nine months into life as a deSPAC, the company received a delisting notice for failing to file quarterly 10-Q financial forms for each of the last two quarters. View went public through a $1.6 billion merger with Cantor Fitzgerald & Co.-backed CF Finance Acquisition II (CFII). Things haven't been going so well for the company. In January, VIEW halted installation of key machinery for its manufacturing operations in order to conserve cash. 

View filed a statement in early November stating it wouldn’t meet Nasdaq’s extended deadline, citing an audit last August which uncovered reporting inaccuracies within the company. VIEW had revised its liabilities estimate from $22 million to a range between $40 million to $58 million through March 2021. CFO Vidul Prakash resigned as a result of the probe.

Fintech Tritteras (TRIT) also learned about failing to file the hard way. The company was delisted earlier this month, although it plans to appeal the decision.

Elsewhere in SPACs

• Supernova Partners Acquisition (SNII)/Rigetti traded ex-redemption today. Shares closed at $8.38, down 16%. 
• Third time could be the charm for gamma squeeze fave East Stone Acquisition Corp. (ESCC), which votes tomorrow.The vote was extended from the previously agreed date of November 24th (the third extension since the deal was announced). This high-redemption SPAC has a definitive agreement to merge with China’s merchant enablement services platform JHD Holdings Limited. After the consummation extension and share redemptions, roughly 3.2 million shares remain. The very low float makes this an ideal gamma squeeze candidate.
• Barry Sternlicht's Jaws Estates withdrew its S-1 registration for JAWS Wildcat Acquisition Corporation, they had planned to raise $250M after filing at the SPAC boom last year. JAWS still has 3 SPACs looking for targets (JUGG, HCNE, JWSM)

Today's Price Action

Biggest Gainers

2.50% ~ $ 10.66 | ESSC - East Stone Acquisition Corporation (Announced)
1.44% ~ $ 9.84 | IXAQ - IX Acquisition Corp. (Pre-Deal)
.92% ~ $ 9.89 | GATE - Marblegate Acquisition Corp. (Pre-Deal)
.71% ~ $ 9.97 | MLAI - McLaren Technology Acquisition Corp. (Pre-Deal)
.67% ~ $ 10.19 | NLIT - Northern Lights Acquisition Corp. (Announced)
.61% ~ $ 9.82 | EDNC - Endurance Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.76 | FACA - Figure Acquisition Corp. I (Pre-Deal)
.51% ~ $ 9.78 | WPCA - Warburg Pincus Capital Corporation I—A (Pre-Deal)
.51% ~ $ 9.89 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.51% ~ $ 9.90 | SMAP - Sportsmap Tech Acquisition Corp. (Pre-Deal)
.46% ~ $ 9.83 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.71 | BYTS - BYTE Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.74 | NGC - Northern Genesis Acquisition Corp. III (Pre-Deal)
.41% ~ $ 9.79 | SPKB - Silver Spike Acquisition Corp II (Announced)
.41% ~ $ 9.86 | SAMA - Schultze Special Purpose Acquisition Corp. II (Pre-Deal)
.41% ~ $ 9.89 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)
.40% ~ $ 10.09 | REVE - Alpine Acquisition Corp. (Pre-Deal)
.33% ~ $ 9.87 | PGSS - Pegasus Digital Mobility Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.72 | RACB - Research Alliance Corp. II (Pre-Deal)
.31% ~ $ 9.77 | DMYS - dMY Technology Group, Inc. VI (Pre-Deal)

Biggest Losers

-15.75% ~ $ 8.40 | SNII - Supernova Partners Acquisition Company II, Ltd. (Announced)
-5.48% ~ $ 10.18 | HCCC - Healthcare Capital Corp. (Announced)
-4.74% ~ $ 88.50 | DWAC - Digital World Acquisition Corp. (Announced)
-3.15% ~ $ 11.07 | GGPI - Gores Guggenheim, Inc (Announced)
-3.12% ~ $ 9.63 | APMI - AxonPrime Infrastructure Acquisition Corp (Pre-Deal)
-3.04% ~ $ 12.74 | CFVI - CF Acquisition Corp. VI (Announced)
-2.40% ~ $ 9.76 | EVE - EVe Mobility Acquisition Corp (Pre-Deal)
-1.72% ~ $ 9.69 | PFTA - Portage Fintech Acquisition Corp. (Pre-Deal)
-1.50% ~ $ 9.85 | BOCN - Blue Ocean Acquisition Corp (Pre-Deal)
-.82% ~ $ 9.72 | BGSX - Build Acquisition Corp. (Pre-Deal)
-.80% ~ $ 9.87 | IVCP - Swiftmerge Acquisition Corp. (Pre-Deal)
-.65% ~ $ 9.86 | RONI - Rice Acquisition Corp. II (Pre-Deal)
-.62% ~ $ 9.64 | IPAX - Inflection Point Acquisition Corp. (Pre-Deal)
-.59% ~ $ 10.11 | ADOC - Edoc Acquisition Corp (Announced)
-.57% ~ $ 9.82 | ASPA - Abri SPAC I, Inc. (Announced)
-.51% ~ $ 9.67 | TCVA - TCV Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.75 | NHIC - NewHold Investment Corp. II (Pre-Deal)
-.51% ~ $ 9.82 | PORT - Southport Acquisition Corporation (Pre-Deal)
-.46% ~ $ 9.70 | VLAT - Valor Latitude Acquisition Corp. (Pre-Deal)
-.46% ~ $ 9.82 | BFAC - Battery Future Acquisition Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Despite being riddled with problems on its President's Day launch, Trump's Truth Social app is #1 on the apple iTunes store, leading all app downloads. Almost entirely unsurprising on both fronts. In addition, as most stocks continued a nasty slide, Digital World Acquisition Corp (DWAC) brushed that off and rose +10% today to close at $92.90. 

And if the above screenshot is accurate, perhaps users wont be fazed by its familiar look to another popular social media platform. 😉

DWAC and CFVI (the SPAC taking rumble public) continue to be the breadwinners of the pre-close SPAC universe where the majority of SPAC's are barely breaking NAV. Regardless of what may or may not be true about the real business prospects here, it is not being reflected in the market. 

Polestar CEO Thomas Ingenlath on the Podcast 

Thomas Ingenlath joins David Drapkin and Joanna Makris to talk Polestar, EVs, SPACs, and more. Listen to learn what could make Polestar a standout in the EV space and read our full report on Polestar and the EV space.

** Watch the full interview and read the comprehensive report on Polestar and the EV market

Elsewhere in SPACs

• Healthcare Capital Corp. (HCCC) announced shareholder approval of its deal with Alpha Tau Medical after several adjournments. No word on redemptions or close time. 
• Breeze Holdings Acquisition Corp. (BREZ) announced they made the $1.15M commitment ($0.10 per share) to its trust account to extend the SPAC's deadline to May-25

Today's Price Action

Biggest Gainers

10.18% ~ $ 92.90 | DWAC - Digital World Acquisition Corp. (Announced)
6.85% ~ $ 10.77 | HCCC - Healthcare Capital Corp. (Announced)
1.96% ~ $ 9.86 | PFTA - Portage Fintech Acquisition Corp. (Pre-Deal)
1.44% ~ $ 9.84 | IXAQ - IX Acquisition Corp. (Pre-Deal)
1.39% ~ $ 10.19 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
.72% ~ $ 9.82 | FTVI - FinTech Acquisition Corp. VI (Pre-Deal)
.70% ~ $ 10.11 | FLYA - SOAR Technology Acquisition Corp. (Pre-Deal)
.63% ~ $ 9.66 | XPAX - XPAC Acquisition Corp (Pre-Deal)
.62% ~ $ 9.80 | NHIC - NewHold Investment Corp. II (Pre-Deal)
.61% ~ $ 9.82 | EDNC - Endurance Acquisition Corp. (Pre-Deal)
.60% ~ $ 9.99 | PAFO - Pacifico Acquisition Corp. (Pre-Deal)
.60% ~ $ 10.01 | SANB - Sanaby Health Acquisition Corp. I (Pre-Deal)
.59% ~ $ 10.17 | ADOC - Edoc Acquisition Corp (Announced)
.56% ~ $ 9.90 | RRAC - Rigel Resource Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.75 | EMLD - FTAC Emerald Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.87 | PORT - Southport Acquisition Corporation (Pre-Deal)
.51% ~ $ 9.88 | FHLT - Future Health ESG Corp. (Pre-Deal)
.51% ~ $ 9.88 | BPAC - Bullpen Parlay Acquisition Co (Pre-Deal)
.51% ~ $ 9.89 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.51% ~ $ 9.91 | SGII - Seaport Global Acquisition II Corp. (Pre-Deal)

Biggest Losers

-7.01% ~ $ 13.14 | CFVI - CF Acquisition Corp. VI (Announced)
-6.46% ~ $ 11.43 | GGPI - Gores Guggenheim, Inc (Announced)
-1.39% ~ $ 9.91 | CND - Concord Acquisition Corp (Announced)
-1.10% ~ $ 9.89 | ALOR - ALSP Orchid Acquisition Corp I (Pre-Deal)
-.91% ~ $ 9.79 | XPDB - Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)
-.72% ~ $ 9.67 | SKYA - Skydeck Acquisition Corp. (Pre-Deal)
-.70% ~ $ 9.88 | FTCV - FinTech Acquisition Corp. V (Announced)
-.69% ~ $ 10.10 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
-.61% ~ $ 9.82 | SRSA - Sarissa Capital Acquisition Corp (Pre-Deal)
-.51% ~ $ 9.73 | WPCA - Warburg Pincus Capital Corporation I—A (Pre-Deal)
-.51% ~ $ 9.80 | VCXA - 10X Capital Venture Acquisition Corp. II (Pre-Deal)
-.51% ~ $ 9.83 | AHRN - Ahren Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.90 | ACAQ - Athena Consumer Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.95 | CFFS - CF Acquisition Corp. VII (Pre-Deal)
-.46% ~ $ 9.70 | VLAT - Valor Latitude Acquisition Corp. (Pre-Deal)
-.45% ~ $ 9.93 | ONYX - Onyx Acquisition Co. I (Pre-Deal)
-.41% ~ $ 9.61 | SLVR - SILVERspac Inc (Pre-Deal)
-.41% ~ $ 9.69 | FZT - FAST Acquisition Corp. II (Pre-Deal)
-.41% ~ $ 9.71 | FACA - Figure Acquisition Corp. I (Pre-Deal)
-.40% ~ $ 9.84 | TPGY - TPG Pace Beneficial Finance Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

Polestar CEO Thomas Ingenlath joins David Drapkin and Joanna Makris to talk Polestar, EVs, SPACs, and more. Listen to learn what could make Polestar a standout in the EV space and read our full report on Polestar and the EV space.

** Watch the full interview and read the comprehensive report on Polestar and the EV market

Listen on Spotify: Polestar CEO Thoomas Ingenlath Joins the Boardroom Alpha podcast

View the original article to see embedded media.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Free Investor Resources from Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

---------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Supernova/Rigetti switches to NASDAQ Listing

Supernova Partners Acquisition Company II, Ltd.(SNII) announced today that it intends to withdraw its listing from the NYSE and instead list  on the NASDAQ. Recall SNII plans to merge with Quantum Computing tech specialist Rigetti Holdings. The deal is expected to close on or around March 2, 2022 under the symbol "RGTI". 

HCC  Shareholder Meeting Adjourned 

Healthcare Capital Corp. (HCCC) announced it convened and then adjourned its special meeting of stockholders which was being held to approve the merger with Alpha Tau Medical Ltd. The record date remains January 13, 2022, waiting on details from the adjournment. 

Chamath Steps Down from SPCE Board, but not before cashing out with over $300 million

Chamath Palihapitiya stepped down as Chairman at space tourism operator Virgin Galactic (SPCE). The company says the departure is amicable and that Palihapitiya wants to focus on other board commitments. As background, Virgin Galactic went public via SPAC merger with Palihapitiya’s Social Capital Hedosophia Holdings Corp., one of several SPACs launched by Palihapitiya. Palihapitiya has served as the chairman of Virgin Galactic since the company’s public debut in 2019. 

Chamath likely gearing up for Akili IPO....The news isn’t a big surprise given that Chamath is CEO of Social Capital and announced he would become Chairman of Akili Interactive, which is merging with SPAC Social Capital Suvretta Holdings Corp I (DNAA). The transaction is expected to close in mid-2022.

With SPCE stock tanking, Chamath's selling activity looks just a bit awkward. SPCE stock down ~85% from its 52-week high of $57. Virgin Galactic experienced many setbacks in its testing program that pushed out timing on the company’s first paying commercial tourists flights. Palihapitiya, who has served as the chairman of Virgin Galactic since the company’s public debut in 2019, has sold over $300 million in SPCE stock during his board tenure. In March of 2021, SPCE stock dropped almost 10% on news that he had dumped $213 million worth of stock. Chamath’s departure and astute profit-taking may leave many investors to question his level of commitment to the long-term success of the companies he helps take public.

Today's Price Action

Biggest Gainers

2.60% ~ $ 12.22 | GGPI - Gores Guggenheim, Inc (Announced)
1.21% ~ $ 10.00 | CFFS - CF Acquisition Corp. VII (Pre-Deal)
1.11% ~ $ 10.00 | ALOR - ALSP Orchid Acquisition Corp I (Pre-Deal)
1.01% ~ $ 10.05 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
.81% ~ $ 9.94 | ROCG - Roth CH Acquisition IV Co. (Pre-Deal)
.73% ~ $ 9.72 | PEGR - Project Energy Reimagined Acquisition Corp. (Pre-Deal)
.70% ~ $ 10.11 | FLYA - SOAR Technology Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.80 | BGSX - Build Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.80 | NHIC - NewHold Investment Corp. II (Pre-Deal)
.61% ~ $ 9.96 | IPOD - Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
.57% ~ $ 9.67 | HCVI - Hennessy Capital Investment Corp. VI (Pre-Deal)
.56% ~ $ 9.90 | RRAC - Rigel Resource Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.89 | POND - Angel Pond Holdings Corp (Announced)
.51% ~ $ 9.90 | AOGO - Arogo Capital Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.92 | ENTF - Enterprise 4.0 Technology Acquisition Corp (Pre-Deal)
.51% ~ $ 9.95 | TRON - Corner Growth Acquisition Corp. 2 (Pre-Deal)
.41% ~ $ 9.91 | WEL - Integrated Wellness Acquisition Corp (Pre-Deal)
.40% ~ $ 9.96 | ICNC - Iconic Sports Acquisition Corp. (Pre-Deal)
.40% ~ $ 10.14 | NLIT - Northern Lights Acquisition Corp. (Announced)
.31% ~ $ 9.64 | ALPA - ALPHA HEALTHCARE ACQUISITION CORP III (Pre-Deal)

Biggest Losers

-6.92% ~ $ 14.13 | CFVI - CF Acquisition Corp. VI (Announced)
-1.80% ~ $ 10.39 | ESSC - East Stone Acquisition Corporation (Announced)
-1.37% ~ $ 84.32 | DWAC - Digital World Acquisition Corp. (Announced)
-1.34% ~ $ 9.60 | XPAX - XPAC Acquisition Corp (Pre-Deal)
-1.32% ~ $ 9.75 | JUGG - Jaws Juggernaut Acquisition Corporation (Pre-Deal)
-1.01% ~ $ 9.76 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
-.99% ~ $ 9.96 | TOAC - Talon 1 Acquisition Corp (Pre-Deal)
-.81% ~ $ 9.82 | PORT - Southport Acquisition Corporation (Pre-Deal)
-.75% ~ $ 9.84 | SAMA - Schultze Special Purpose Acquisition Corp. II (Pre-Deal)
-.71% ~ $ 9.84 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
-.71% ~ $ 9.85 | BMAC - Black Mountain Acquisition Corp. (Pre-Deal)
-.70% ~ $ 9.88 | FRBN - Forbion European Acquisition Corp. (Pre-Deal)
-.61% ~ $ 9.74 | YTPG - TPG Pace Beneficial II Corp. (Pre-Deal)
-.61% ~ $ 9.83 | AACI - Armada Acquisition Corp. I (Announced)
-.61% ~ $ 9.84 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)
-.51% ~ $ 9.72 | VPCB - VPC Impact Acquisition Holdings II (Announced)
-.51% ~ $ 9.79 | STET - ST Energy Transition I Ltd. (Pre-Deal)
-.50% ~ $ 9.91 | EJFA - EJF Acquisition Corp (Announced)
-.50% ~ $ 10.01 | MBTC - Nocturne Acquisition Corporation (Pre-Deal)
-.50% ~ $ 10.05 | CND - Concord Acquisition Corp (Announced)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Chamath Palihapitiya steps down abruptly from SPCE board

• Chamath Palihapitiya steps down as Chairman at space tourism operator Virgin Galactic (SPCE). The company says the departure is amicable and that Palihapitiya wants to focus on other board commitments.
• Evan Lovell has been named as the interim chairman of Virgin Galactic until a new chairman is found. Lovell has served on the Board of Directors for Virgin Galactic since 2018 and currently serves as chief investment officer.
• The board change comes just as Virgin Galactic opens ticket sales to the general public.
• As background, Virgin Galactic went public via SPAC merger with Palihapitiya’s Social Capital Hedosophia Holdings Corp., one of several SPACs launched by Palihapitiya.
• Palihapitiya has served as the chairman of Virgin Galactic since the company’s public debut in 2019.
• SPCE stock has tanked, down ~85% from its 52-week high of $57. Virgin Galactic experienced many setbacks in its testing program that pushed out timing on the company’s first paying commercial tourists flights.

Why it Matters

• Chamath likely gearing up for Akili IPO....The news isn’t a big surprise given that Chamath is CEO of Social Capital and announced he would become Chairman of Akili Interactive, which is merging with SPAC Social Capital Suvretta Holdings Corp I (DNAA). The transaction is expected to close in mid-2022.
• ...but are his Interests aligned? Notably, Palihapitiya is no stranger to cashing out on his investments, having sold over $300 million in SPCE stock during his board tenure. In March of 2021, SPCE stock dropped almost 10% on news that he had dumped $213 million worth of stock. Chamath’s departure and astute profit-taking may leave many investors to question his level of commitment to the long-term success of the companies he helps take public.

Once a SPAC Star, Chamath's SPACs Aren't So Hot Anymore

Interesting timing: As SPCE stumbled, Palihapitiya steadily sold stock during his Board tenure 

Virgin Galactic Holdings (SPCE) Insider Buys/Sells

SPCE insiders have been selling with exiting director Chamath Palihapitiya leading the charge.

Chamath Palihapitiya's SPCE Stock Sales

While timing may not have been perfect, all sales are well above the current price of the $8.89 where it opened the day he announced his departure.

Chamath Palihapitiya Sold SPCE in 4 Big Chunks

Over the past year, Chamath Palihapitiya's SPCE stock sales have come in 4 big chunks.

• Setting the stage for more ESG awareness. With investors already critical of the alignment of interests and incentives between early-stage investors and the companies they take public, the quality of corporate governance is more important than ever.

Boardroom Alpha Activist Briefs

Get our latest takes on the activist action:

• Alta Fox and Hasbro (HAS)
• Engine Capital and Blucora (BCOR)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 11, 2022

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------

Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Inspirato blasts off...let the deSPAC short squeezes begin? 

We are starting to see a trend of deSPAC short squeezes. Despite a down day in the market, several recent deSPACs saw sharp upward moves today. Today's biggest gainer: Inspirato (ISPO), whose shares moved over 600% today, closing at $92.65. The recent deSPAC, which began trading Monday, is a subscription business for luxury home stays. Several other low-float deSPACS are seeing upward momentum. 

Other deSPACs with strong upward moves today: 

** Anghami (ANGH) - streaming/video distribution (+161%) 

** Quanergy (QNGY) - automotive LiDAR (+31%) 

** Cepton (CPTN) - automotive LiDAR (+343%)

** System 1 (SST) -- ad tech (+8%)

Check out our podcast earlier this week with Cepton CEO Dr. Jun Pei here.

A few wild outliers on what a mostly red day on the street for DeSPACs

Another day, another SPAC withdrawal  

Just Another Acquisition (JAAC) withdrew its plans for an initial public offering on Thursday. The SPAC, founded in 2021, was led by Philip Wagenheim, Managing Partner of Broadband Capital Partners.

Wagenheim previously co-founded Broadband Capital Management in 2000. Just Another Acquisition had intended to target businesses with enterprise values of $300 million to $1 billion.

The firm had filed in February 2021 to raise $60 million by offering 6 million shares at $10. Unlike many SPACs, warrants were not attached to the common shares.

Wagenheim's other SPAC, Rocket Global Acquisition (RGAC) also withdrew earlier this month after filing for a $100 million IPO in March 2021.

So far this year, a total of 21 SPACs have already scrapped their IPO plans, compared to 10 in 2021.

Crypto provider Circle tweaks merger agreement with CND, doubling valuation  

Circle Internet Financial (Circle) announced new transaction terms with SPAC sponsor Concord Acquisition Corp (CND). The crypto operator provides internet-based payments and financial infrastructure and is the issuer of USD Coin (USDC). The new deal terms bump up the implied valuation to $9 billion, from $4.5 billion in July.

The market didn't take too kindly with the recut, CND common shares dropped nearly 4% while the warrants took over a 30% hit to close at $1.35. 

Biggest Gainers

1.93% ~ $ 10.58 | ESSC - East Stone Acquisition Corporation (Announced)
1.72% ~ $ 10.05 | HCCC - Healthcare Capital Corp. (Announced)
1.64% ~ $ 9.91 | SAMA - Schultze Special Purpose Acquisition Corp. II (Pre-Deal)
1.18% ~ $ 9.88 | JUGG - Jaws Juggernaut Acquisition Corporation (Pre-Deal)
1.02% ~ $ 9.90 | PORT - Southport Acquisition Corporation (Pre-Deal)
.91% ~ $ 10.00 | EVE - EVe Mobility Acquisition Corp (Pre-Deal)
.83% ~ $ 9.70 | IPAX - Inflection Point Acquisition Corp. (Pre-Deal)
.71% ~ $ 9.91 | ARYD - ARYA Sciences Acquisition Corp IV (Announced)
.62% ~ $ 9.79 | WPCB - Warburg Pincus Capital Corporation I—B (Pre-Deal)
.56% ~ $ 9.90 | RRAC - Rigel Resource Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.88 | NAAC - North Atlantic Acquisition Corporation (Announced)
.51% ~ $ 9.88 | BFAC - Battery Future Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.92 | ENTF - Enterprise 4.0 Technology Acquisition Corp (Pre-Deal)
.41% ~ $ 9.85 | RCLF - Rosecliff Acquisition Corp I (Announced)
.39% ~ $ 10.05 | CLAQ - cleantech Acquisition Corp. (Announced)
.39% ~ $ 85.49 | DWAC - Digital World Acquisition Corp. (Announced)
.31% ~ $ 9.71 | RACB - Research Alliance Corp. II (Pre-Deal)
.31% ~ $ 9.76 | MDH - MDH Acquisition Corp. (Announced)
.31% ~ $ 9.76 | CSTA - Constellation Acquisition Corp I (Pre-Deal)
.31% ~ $ 9.78 | MON - Monument Circle Acquisition Corp (Pre-Deal)

Biggest Losers

-3.81% ~ $ 10.10 | CND - Concord Acquisition Corp (Announced)
-2.75% ~ $ 15.18 | CFVI - CF Acquisition Corp. VI (Announced)
-1.10% ~ $ 9.90 | GGAA - Genesis Growth Tech Acquisition Corp. (Pre-Deal)
-1.01% ~ $ 9.76 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
-.92% ~ $ 11.91 | GGPI - Gores Guggenheim, Inc (Announced)
-.80% ~ $ 9.92 | SPK - SPK Acquisition Corp. (Announced)
-.71% ~ $ 9.75 | SPKB - Silver Spike Acquisition Corp II (Announced)
-.71% ~ $ 9.82 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
-.61% ~ $ 9.84 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)
-.52% ~ $ 9.63 | BLEU - bleuacacia ltd (Pre-Deal)
-.52% ~ $ 9.65 | PANA - Panacea Acquisition Corp. II (Pre-Deal)
-.51% ~ $ 9.74 | NHIC - NewHold Investment Corp. II (Pre-Deal)
-.51% ~ $ 9.79 | STET - ST Energy Transition I Ltd. (Pre-Deal)
-.50% ~ $ 10.01 | MBTC - Nocturne Acquisition Corporation (Pre-Deal)
-.44% ~ $ 9.75 | WPCA - Warburg Pincus Capital Corporation I—A (Pre-Deal)
-.41% ~ $ 9.70 | EOCW - Elliott Opportunity II Corp. (Pre-Deal)
-.41% ~ $ 9.75 | PAQC - Provident Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.85 | AOGO - Arogo Capital Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.90 | APAC - StoneBridge Acquisition Corp. (Pre-Deal)
-.38% ~ $ 9.86 | SCUA - Sculptor Acquisition Corp I (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• Cepton CEO Dr. Jun Pei Is Feeling Confident That the Company Has What It Takes to Lead in LiDAR
• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

It was a quiet day for SPACs, with no deal-related announcements, and no bad news. 

SNII/Rigetti making noise

Quantum computing specialist Rigetti Computing, which announced its  merger with Supernova Partners Acquisition Company II Ltd. (SNII) back in October, is back in the news today with an announcement of a strategic partnership with Ampere Computing for machine learning applications over the cloud. SNII closed today at $9.98. Merger vote is scheduled for February 28th. 

Bill Ackman and the hunt for a new unicorn

Bill Ackman is back in the news with Netflix, a new (undisclosed) investment-- and hist continued hunt for new unicorn to acquire. At last Friday's annual investor meeting for Pershing Square Holdings (PST), Ackman revealed the firm had started to make another big (undisclosed) investment last year. This investment predates Pershing's investment in Netflix (NFLX), which was made during the January stock market downturn (Ackman bought 3.1 million shares). Since Ackman's SPAC, Pershing Square Tontiine Holdings' (PSTH) failed bid last July to acquire a 10% stake in Universal Music (UMG), Ackman has proposed a SPAC alternative, called a SPARC, but investors will have to wait until May to see whether or not the SEC will green lights the S-1. 

Today's Price Action

Biggest Gainers

4.94% ~ $ 85.16 | DWAC - Digital World Acquisition Corp. (Announced)
4.61% ~ $ 12.02 | GGPI - Gores Guggenheim, Inc (Announced)
4.07% ~ $ 15.61 | CFVI - CF Acquisition Corp. VI (Announced)
3.01% ~ $ 9.94 | APMI - AxonPrime Infrastructure Acquisition Corp (Pre-Deal)
1.35% ~ $ 9.73 | XPAX - XPAC Acquisition Corp (Pre-Deal)
1.23% ~ $ 10.50 | CND - Concord Acquisition Corp (Announced)
1.02% ~ $ 9.90 | PORT - Southport Acquisition Corporation (Pre-Deal)
1.01% ~ $ 10.01 | GGAA - Genesis Growth Tech Acquisition Corp. (Pre-Deal)
.97% ~ $ 9.91 | SRSA - Sarissa Capital Acquisition Corp (Pre-Deal)
.61% ~ $ 9.88 | XPDB - Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)
.61% ~ $ 9.91 | EVE - EVe Mobility Acquisition Corp (Pre-Deal)
.59% ~ $ 10.16 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
.56% ~ $ 9.90 | RRAC - Rigel Resource Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.66 | SLVR - SILVERspac Inc (Pre-Deal)
.51% ~ $ 9.88 | HCCC - Healthcare Capital Corp. (Announced)
.51% ~ $ 9.92 | ENTF - Enterprise 4.0 Technology Acquisition Corp (Pre-Deal)
.51% ~ $ 9.93 | LAAA - Lakeshore Acquisition I Corp. (Pre-Deal)
.51% ~ $ 9.95 | FRBN - Forbion European Acquisition Corp. (Pre-Deal)
.50% ~ $ 10.15 | FST - FAST ACQ CP (Pre-Deal)
.41% ~ $ 9.71 | NBST - Newbury Street Acquisition Corporation (Pre-Deal)

Biggest Losers

-1.35% ~ $ 9.95 | ROSE - Rose Hill Acquisition Corp (Pre-Deal)
-1.03% ~ $ 9.64 | MITA - Coliseum Acquisition Corp. (Pre-Deal)
-.90% ~ $ 9.87 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)
-.80% ~ $ 9.89 | APXI - APx Acquisition Corp. I (Pre-Deal)
-.71% ~ $ 9.82 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
-.71% ~ $ 9.83 | AKIC - Sports Ventures Acquisition Corp. (Announced)
-.63% ~ $ 9.60 | ALPA - ALPHA HEALTHCARE ACQUISITION CORP III (Pre-Deal)
-.61% ~ $ 9.84 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)
-.57% ~ $ 9.66 | PEGR - Project Energy Reimagined Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.79 | PHIC - Population Health Investment Co Inc (Pre-Deal)
-.51% ~ $ 9.81 | RCLF - Rosecliff Acquisition Corp I (Announced)
-.49% ~ $ 9.86 | HORI - Emerging Markets Horizon Corp. (Pre-Deal)
-.42% ~ $ 9.68 | DNAB - Social Capital Suvretta Holdings Corp. II (Pre-Deal)
-.41% ~ $ 9.67 | BYTS - BYTE Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.69 | SEDA - SDCL EDGE Acquisition Corp (Pre-Deal)
-.41% ~ $ 9.70 | ROSS - Ross Acquisition Corp II (Pre-Deal)
-.41% ~ $ 9.73 | WPCB - Warburg Pincus Capital Corporation I—B (Pre-Deal)
-.41% ~ $ 9.81 | RJAC - Jackson Acquisition Co (Pre-Deal)
-.41% ~ $ 9.83 | CBRG - Chain Bridge I (Pre-Deal)
-.40% ~ $ 9.91 | OPA - Magnum Opus Acquisition Limited (Announced)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

Boardroom Alpha sat down with Dr. Jun Pei, CEO of LiDAR technology specialist Cepton Technologies (NASDAQ:CPTN). Cepton is the newest kid on the LiDAR public listing block, having completed its deSPAC earlier this month via sponsor Growth Capital Acquisition Corp. (GCAC).

** Read the full Cepton (CPTN) report **

More From Boardroom Alpha

• Podcast: Know Who Drives Return
• Daily SPAC Newsletter
• Full SPAC Listing
• SPAC Market Review - January 2022
• All Boardroom Alpha Research

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022
** All Boardroom Alpha Analysis

Blucora (BCOR)

Blucora (NASDAQ:BCOR) is back in play as Engine Capital pushes for board change. In a letter to BCOR, activist investor Engine Capital (not to be confused with activist Engine 1 of ExxonMobil fame), announced it will seek election of three members to the company’s Board of Directors.

**Read the full Blucora (BCOR) analysis at Boardroom Alpha 

Zenddesk (ZEN)

ZEN determined to avoid takeover, shares moving higher…In a resurgence of big leveraged buyouts, cloud software maker Zendesk (ZEN) announced it rejected a $127-$132 per share takeover proposal from a consortium of private equity suitors, including (possibly) Thoma Bravo, Hellman & Friedman LLC, Advent International Corp. and Permira. ZEN shares are up 18% in the last 5 days.

** Read the full Zendesk analysis at Boardroom Alpha

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

ASAX proves breaking up doesn’t have to be hard to do. 

Valentine’s day proves to be a day of unrequited love for Astrea Acquisition Corp. (ASAX), which terminated its merger with HotelPlanner and Reservations.com. SPAC shareholders were scheduled to vote on the transaction tomorrow, but appear to have been spooked by the extraordinarily high redemptions (over 90%). Note that the deal didn’t include PIPE financing. 

Today’s ASAX news comes on the heels of the announcement last week that ASAX is an entirely different company from recently de-SPAC'd Astra Space (ASTR), whose shares plummeted over 40%. ASAX shares closed UP +16.5% today getting shares back close to NAV.

High redemptions are thwarting deals. 

As we’ve seen in recent weeks, the high rate of redemptions isa recurring theme which is preventing deals from getting done. Redemptions have steadily increased over the past three consecutive months. 

ASAX still has almost a year to give a deal another try—but.... ASAX’s mandate to combine with a target in hospitality or fintech may prove difficult to execute in the current macro. Notably, Fertitta Entertainment and FAST Acquisition Corp (FST called off their $8.6 billion merger in December. Short-term rental specialist Sonder (SOND), which came public via Gores Metropoulos II (GMII) last month, is the latest hospitality SPAC to hit the market. Shares trade at ~8.

Warburg, Pincus I-A and I-B and Sternlicht’s JAWS team up for another 3-way jumbo SPAC deal 

Scaling up for a potential $20 billion deal. In a rare, 3-way SPAC deal, two SPACs backed by buyout firm Warburg, Pincus (Warburg Pincus Capital Corp I-A, Warburg Pincus Capital Corp I-B --WCPA, WPCB) and Barry Sternlicht's SPAC Jaws Estates Capital (JAWS) are in talks to merge with Allied Universal in a $20 billion deal. The SPACs are reported to be planning a $750 million PIPE. 

SPAC veteran Barry Sternlicht currently has 3 SPACs outstanding that are searching for a target, and the story does not specify which SPAC it could be. The three:

• Jaws Hurricane Acquisition (HCNE), $316M
• Jaws Juggernaut Acquisition (JUGG), $276M
• Jaws Mustang Acquisition (JWSM), $1B

The market was betting on HCNE and JUGG as both their warrants popped > 20%. 

Fun fact: Warburg already owns the merger target. Allied, which provides integrated security services, is already owned by Warburg. Warburg’s SPACs plan to target businesses with strong fundamental growth that could benefit from the firm’s experience, global presence, domain expertise, operational support, and extensive networks.

Multi-SPAC deals on the rise. Recent market volatility and the scarcity value of good merger targets is setting the stage for multi-SPAC deals. Declining warrant trends underscore investor concerns over whether mergers will come to fruition. Earlier this month, The Beachbody Co. (BODY) and at-home connected fitness company Myx Fitness Holdings LLC announced a 3-way merger agreement with SPAC Forest Road Acquisition Corp (FRX). 

Elsewhere in SPACs

• Northern Lights Acquisition (NLIT) struck a $227M cannabis-financing deal with Safe Harbor Financial. The deal includes a $60M PIPE
• Software Acquisition Group III (SWAG) agreed to a $646M EV deal with e-commerce platform Nogin. No PIPE. 

Today's Price Action

Biggest Gainers

16.49% ~ $ 9.75 | ASAX - Astrea Acquisition Corp. (Pre-Deal)
6.09% ~ $ 9.58 | HCCC - Healthcare Capital Corp. (Announced)
3.74% ~ $ 9.99 | WAVC - Waverley Capital Acquisition Corp. 1 (Pre-Deal)
2.69% ~ $ 9.16 | ROCR - ROTH CH ACQUISITION III CO (Announced)
1.18% ~ $ 14.54 | CFVI - CF Acquisition Corp. VI (Announced)
1.03% ~ $ 9.81 | WPCA - Warburg Pincus Capital Corporation I—A (Pre-Deal)
1.03% ~ $ 9.85 | SAGA - Sagaliam Acquisition Corp (Pre-Deal)
1.02% ~ $ 9.95 | XFIN - ExcelFin Acquisition Corp. (Pre-Deal)
.92% ~ $ 9.84 | SPKB - Silver Spike Acquisition Corp II (Announced)
.82% ~ $ 9.85 | RJAC - Jackson Acquisition Co (Pre-Deal)
.74% ~ $ 9.88 | DAOO - Crypto 1 Acquisition Corp (Pre-Deal)
.72% ~ $ 9.80 | WPCB - Warburg Pincus Capital Corporation I—B (Pre-Deal)
.71% ~ $ 9.92 | GVCI - Green Visor Financial Technology Acquisition Corp I (Pre-Deal)
.71% ~ $ 9.92 | BMAC - Black Mountain Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.90 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)
.59% ~ $ 9.89 | GMBT - Queen’s Gambit Growth Capital (Announced)
.59% ~ $ 10.25 | CND - Concord Acquisition Corp (Announced)
.56% ~ $ 9.91 | BTNB - Bridgetown 2 Holdings Limited (Announced)
.52% ~ $ 9.73 | IPVI - InterPrivate IV InfraTech Partners Inc. (Pre-Deal)
.51% ~ $ 9.77 | GTPB - GORES TECHNOLOGY PARTNERS II, INC. (Pre-Deal)

Biggest Losers

-2.50% ~ $ 79.95 | DWAC - Digital World Acquisition Corp. (Announced)
-1.82% ~ $ 9.85 | PRLH - Pearl Holdings Acquisition Corp (Pre-Deal)
-1.51% ~ $ 11.08 | GGPI - Gores Guggenheim, Inc (Announced)
-1.30% ~ $ 9.89 | AOGO - Arogo Capital Acquisition Corp. (Pre-Deal)
-1.24% ~ $ 9.88 | WALD - Waldencast Acquisition Corp. (Announced)
-.91% ~ $ 9.85 | NPAB - New Providence Acquisition Corp. II (Pre-Deal)
-.90% ~ $ 9.87 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)
-.82% ~ $ 9.64 | ACRO - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)
-.81% ~ $ 9.85 | CNDB - Concord Acquisition Corp III (Pre-Deal)
-.80% ~ $ 9.88 | CFFS - CF Acquisition Corp. VII (Pre-Deal)
-.75% ~ $ 9.89 | TLGY - TLGY Acquisition Corp (Pre-Deal)
-.71% ~ $ 9.82 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
-.61% ~ $ 9.75 | INTE - Integral Acquisition Corp 1 (Pre-Deal)
-.61% ~ $ 9.79 | CHWA - CHW Acquisition Corp (Announced)
-.61% ~ $ 9.83 | CBRG - Chain Bridge I (Pre-Deal)
-.51% ~ $ 9.76 | EDNC - Endurance Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.87 | ADAL - Anthemis Digital Acquisitions I Corp (Pre-Deal)
-.50% ~ $ 9.90 | SHCA - Spindletop Health Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.94 | GIIX - GORES HOLDINGS VIII, INC. (Announced)
-.48% ~ $ 10.26 | HUGS - USHG Acquisition Corp. (Announced)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Cepton (CPTN) makes its public debut 

Growth Capital Acquisition Corp (GCAC) completed its merger with LiDAR tech supplier Cepton Technologies.

• Cepton is the latest in a long list of liDAR SPAC IPOs. Shares closed in the green at $8.23, up 3%-- which is impressive given the pounding the LiDAR sector has taken since 2H 2021.
• Despite downsizing of the deal, CPTN’s market cap, at roughly $1.4 billion, is more than double its last private valuation of $615 million in a Series C funding in February 2020
• CPTN’s performance is also a stark contrast to Quanergy Systems Inc. (QNGY) which made its debut earlier in the week QNGY shares are down over 40% in their first two days of trading.

For more on LiDAR see our latest podcast with LIDR CEO Blair LaCorte

Electric Vehicle (EV) materials supplier MP Materials (MP) is back in the fire

A shareholder investigation led by Kirby McInerney LLP was announced today on the heels of last week’s damaging short seller report. Shares dropped over 10% last week after short selling research firm Bonitas Research published a negative report about MP. The firm claims MP Materials has been artificially inflating profits, is involved in questionable related-party transactions, and that these moves have been designed to artificially inflate the stock price. 

Elsewhere in SPACs

• Atlantic Coastal Acquisition Corp (ACAH) and Essentium called off their SPAC deal, again citing tough market conditions. This one seemed to be pushed by Essentium, as they will owe compensation to the SPAC should they sell themselves. That makes 5 SPAC deals called off thus far in 2022. 
• Astrea Acquisition Corp (ASAX) felt pressed to put out a reminder that they are, in fact, a different company that Astra Space (ASTR), whose shares are down over 40% this week
• Novus Capital Corporation II (NXU) and Energy Vault officially closed their merger. Shares will trade as NRGV on Monday 2/14

SPAC Calendar

Just 3 votes are on tap for next week. Given all the recent cancellations, will they all actually make it to vote?

Feb 14 | $ 8.92 | ROCR - ROTH CH ACQUISITION III CO --> QualTek
Feb 15 | $ 9.03 | HCCC - Healthcare Capital Corp. --> Alpha Tau Medical Ltd.
Feb 15 | $ 8.37 | ASAX - Astrea Acquisition Corp. --> HotelPlanner
Feb 28 | $ 9.97 | SNII - Supernova Partners Acquisition Company II, Ltd. --> Rigetti Co, Inc.

Recent IPOs

Despite an obviously oversaturated SPAC market 9 new SPACs still hit the market this week. All of course overfunded with generous investor terms. All are trading below NAV. 

Feb 11 | $ 10.00 | SGHL - Signal Hill Acquisition Corp.
Feb 10 | $ 10.02 | RACY - Relativity Acquisition Corp
Feb 10 | $ 10.05 | JGGC - Jaguar Global Growth Corp I
Feb 10 | $ 10.01 | HNRA - HNR Acquisition Corp
Feb 09 | $ 9.97 | BYNO - byNordic Acquisition Corporation
Feb 08 | $ 9.97 | EVGR - Evergreen Corp
Feb 08 | $ 10.10 | CPAQ - Counter Press Acquisition Corp
Feb 07 | $ 10.00 | ATAK - Aurora Technology Acquisition Corp.
Feb 07 | $ 9.99 | LIVB - LIV Capital Acquisition Corp. II

Today's Price Action

Biggest Gainers

1.86% ~ $ 10.03 | PRLH - Pearl Holdings Acquisition Corp (Pre-Deal)
1.77% ~ $ 14.37 | CFVI - CF Acquisition Corp. VI (Announced)
1.53% ~ $ 9.96 | TLGY - TLGY Acquisition Corp (Pre-Deal)
1.47% ~ $ 10.09 | ROSE - Rose Hill Acquisition Corp (Pre-Deal)
1.42% ~ $ 9.97 | APXI - APx Acquisition Corp. I (Pre-Deal)
1.23% ~ $ 9.03 | HCCC - Healthcare Capital Corp. (Announced)
1.23% ~ $ 9.88 | AHRN - Ahren Acquisition Corp. (Pre-Deal)
1.04% ~ $ 9.74 | ORIA - Orion Biotech Opportunities Corp. (Pre-Deal)
1.02% ~ $ 9.94 | NPAB - New Providence Acquisition Corp. II (Pre-Deal)
.92% ~ $ 9.89 | UTAA - UTA Acquisition Corporation (Pre-Deal)
.84% ~ $ 8.37 | ASAX - Astrea Acquisition Corp. (Announced)
.82% ~ $ 9.85 | RONI - Rice Acquisition Corp. II (Pre-Deal)
.82% ~ $ 9.85 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
.80% ~ $ 10.08 | ADOC - Edoc Acquisition Corp (Announced)
.73% ~ $ 9.72 | ACRO - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)
.72% ~ $ 9.74 | VLAT - Valor Latitude Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.81 | WWAC - Worldwide Webb Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.86 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.89 | CBRG - Chain Bridge I (Pre-Deal)
.61% ~ $ 9.90 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)

Biggest Losers

-5.51% ~ $ 8.92 | ROCR - ROTH CH ACQUISITION III CO (Announced)
-3.73% ~ $ 9.55 | TVAC - Thayer Ventures Acquisition Corporation (Announced)
-2.50% ~ $ 9.75 | SAGA - Sagaliam Acquisition Corp (Pre-Deal)
-1.87% ~ $ 9.73 | ACAH - Atlantic Coastal Acquisition Corp. (Pre-Deal)
-1.50% ~ $ 9.85 | LSPR - Larkspur Health Acquisition Corp. (Pre-Deal)
-1.21% ~ $ 9.80 | PORT - Southport Acquisition Corporation (Pre-Deal)
-1.06% ~ $ 82.00 | DWAC - Digital World Acquisition Corp. (Announced)
-1.03% ~ $ 9.63 | WAVC - Waverley Capital Acquisition Corp. 1 (Pre-Deal)
-1.00% ~ $ 9.92 | WRAC - Williams Rowland Acquisition Corp. (Pre-Deal)
-.90% ~ $ 9.87 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)
-.89% ~ $ 9.83 | GMBT - Queen’s Gambit Growth Capital (Announced)
-.80% ~ $ 9.87 | ENTF - Enterprise 4.0 Technology Acquisition Corp (Pre-Deal)
-.79% ~ $ 10.01 | TOAC - Talon 1 Acquisition Corp (Pre-Deal)
-.76% ~ $ 10.42 | ESSC - East Stone Acquisition Corporation (Announced)
-.76% ~ $ 9.86 | BTNB - Bridgetown 2 Holdings Limited (Announced)
-.72% ~ $ 9.68 | IPVI - InterPrivate IV InfraTech Partners Inc. (Pre-Deal)
-.71% ~ $ 9.75 | SPKB - Silver Spike Acquisition Corp II (Announced)
-.71% ~ $ 9.82 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
-.71% ~ $ 9.85 | GVCI - Green Visor Financial Technology Acquisition Corp I (Pre-Deal)
-.69% ~ $ 10.14 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)

Latest Podcast: AEye's CEO on LiDAR and the Coming Shakeout

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Inflation numbers came in hot (again)

Consumer Price Index (CPI) numbers show inflation increased 7.5% YoY in January, above consensus of 7.3%-- representing the fastest rise since 1982 and an acceleration from 7.0% YoY in December. Rising interest rates don’t help already cooling sentiment around smaller, non-profitable deSPACs, which have already been hurt in a risk-off environment.

Read more: Inflation Came in Hot (Again), Adding Fuel to the SPAC Redemption Fire

Binance saves the Forbes SPAC deal

The world’s largest cryptocurrency exchange confirmed it’s taking a $200M stake in Forbes. The funds are expected to help the media company execute on its Q1 plan to merge with Hong-Kong-based SPAC Magnum Opus Acquisition Ltd (OPA.N). 

Magnum Opus is led by Jonathan Lin, a former executive at Steven Cohen’s Point72. Binance, which is expected to advise Forbes’ digital assets strategy, will ultimately become one of the top two owners of the magazine and digital publisher. Forbes says its editorial operation will continue to be “very independent,” although it’s tough to see how.

SilverBox Engaged Merger I (SBEA) / Black Rifle Coffee Closes

SilverBox Engaged Merger I (SBEA) and Black Rifle Coffee closed their merger and traded today as BRCC. Shares closed at $15.64 (+30%). The veteran-owned company, hailed as the Starbucks (NASDAQ:SBUX) of the American right wing, has been no stranger to controversy – with a company website featuring a wide array of non-coffee products often featuring pro-America and anti-hipster themes. Timing is excellent given the increased interest in Trump trades (e.g DWAC).

** Don't miss our podcast with SBEA / Black Rifle! **

Elsewhere in SPACs

• Novus Capital Corporation II (NXU) and Energy Vault transaction was approved by shareholders and will trade as NRGV on 2/14. No word on redemptions yet
• Supernova Partners Acquisition Company II (SNII) set its merger vote on Rigetti for 2/28
• In the latest of a parade of LiDAR SPACs, Growth Capital Acquisition Corp. (GCAC) shareholders voted to approve its merger with LiDAR technology specialist Cepton Technologies Inc. -- but only after downsizing the deal by $156M. The haircut isn’t surprising given how crowded the LIDAR pack is right now. For more background on how LiDAR is shaping autonomous driving and automotive safety, check out today’s podcast with AEye (NASDAQ:LIDR) CEO Blair LaCorte.
• In the latest “cannatech” (cannabis technology) news, Tuatara Capital Acquisition Corporation (NASDAQ:TCAC) filed an S-4 ahead of its planned merger with cannabis marketing software provider springbig. Time will tell if this one follows in the footsteps of B2C cannabis software supplier WM Technology (Weedmaps) (NASDAQ:MAPS). MAPS stock is down to around $6 after hitting highs of almost $27 last year.
• Ex-redemption struck again with ASAX and HCCC both dropping over 16% and 10% respectively.

SPAC Biggest Movers

Biggest Gainers

10.65% ~ $ 10.18 | NXU - Novus Capital Corporation II (Announced)
5.02% ~ $ 9.44 | ROCR - ROTH CH ACQUISITION III CO (Announced)
4.87% ~ $ 11.20 | GGPI - Gores Guggenheim, Inc (Announced)
3.66% ~ $ 9.92 | TVAC - Thayer Ventures Acquisition Corporation (Announced)
1.03% ~ $ 9.80 | HPLT - Home Plate Acquisition Corp (Pre-Deal)
1.02% ~ $ 10.00 | WALD - Waldencast Acquisition Corp. (Announced)
1.02% ~ $ 9.92 | PORT - Southport Acquisition Corporation (Pre-Deal)
.91% ~ $ 10.02 | WRAC - Williams Rowland Acquisition Corp. (Pre-Deal)
.81% ~ $ 9.90 | RCFA - RCF Acquisition Corp. (Pre-Deal)
.72% ~ $ 9.75 | LITT - Logistics Innovation Technologies Corp. (Pre-Deal)
.72% ~ $ 9.86 | CREC - Crescera Capital Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.90 | ARTE - Artemis Strategic Investment Corporation (Pre-Deal)
.51% ~ $ 9.90 | SCMA - Seaport Calibre Materials Acquisition Corp. (Pre-Deal)
.49% ~ $ 24.43 | PCPC - Periphas Capital Partnering Corporation (Pre-Deal)
.43% ~ $ 9.78 | AEAC - Authentic Equity Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.84 | GATE - Marblegate Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.87 | FRSG - First Reserve Sustainable Growth Corp (Announced)
.41% ~ $ 9.90 | LGTO - LEGATO MERGER CORP. II (Pre-Deal)
.40% ~ $ 9.92 | OXUS - Oxus Acquisition Corp. (Pre-Deal)
.40% ~ $ 9.96 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)

Biggest Losers

-16.62% ~ $ 8.30 | ASAX - Astrea Acquisition Corp. (Announced)
-12.68% ~ $ 7.99 | GCAC - Growth Capital Acquisition Corp. (Announced)
-10.53% ~ $ 8.92 | HCCC - Healthcare Capital Corp. (Announced)
-2.51% ~ $ 9.70 | EMLD - FTAC Emerald Acquisition Corp. (Pre-Deal)
-2.39% ~ $ 10.21 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
-2.35% ~ $ 9.75 | RCAC - Revelstone Capital Acquisition Corp. (Pre-Deal)
-1.69% ~ $ 10.50 | ESSC - East Stone Acquisition Corporation (Announced)
-1.59% ~ $ 9.90 | ADRT - Ault Disruptive Technologies Corp (Pre-Deal)
-1.40% ~ $ 9.85 | PRLH - Pearl Holdings Acquisition Corp (Pre-Deal)
-1.23% ~ $ 10.00 | ADOC - Edoc Acquisition Corp (Announced)
-1.03% ~ $ 9.65 | ACRO - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)
-.72% ~ $ 9.69 | GAMC - Golden Arrow Merger Corp. (Pre-Deal)
-.62% ~ $ 82.88 | DWAC - Digital World Acquisition Corp. (Announced)
-.61% ~ $ 9.79 | MEAC - Mercury Ecommerce Acquisition Corp (Pre-Deal)
-.61% ~ $ 9.80 | BFAC - Battery Future Acquisition Corp. (Pre-Deal)
-.60% ~ $ 9.92 | PHYT - Pyrophyte Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.70 | MACA - Moringa Acquisition Corp (Pre-Deal)
-.51% ~ $ 9.73 | THCP - Thunder Bridge Capital Partners IV, Inc. (Pre-Deal)
-.51% ~ $ 9.75 | WWAC - Worldwide Webb Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.83 | SMAP - Sportsmap Tech Acquisition Corp. (Pre-Deal)

Latest Podcast: AEye's CEO on LiDAR and the Coming Shakeout

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• AEye CEO Blair LaCorte on why Now is the Time to Look at LiDAR
• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

Join Joanna Makris and David Drapkin as they talk to Blair LaCorte, CEO of LiDAR technology startup AEye (NASDAQ:LIDR). They discuss the evolution of Autonomous Driving and Advanced Safety (ADAS), why a lidar shakeout is coming, and what the carmakers really want. 

** Read the full report here **

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Today M3-Brigade Acquisition II Corp. (MBAC) became the latest SPAC to call off a merger when it cancelled its planned combination with Syniverse, marking the 9th deal to be called off since December. The company noted that due to the amount of redemption requests it received that they wouldn't be able to meet the minimum cash requirements for the deal. 

Given that Syniverse is backed by Carlyle and counts other major players as investors, it was slightly surprising that more wasn't done to get this deal over the finish line, particularly as they were seemingly close with a shareholder vote scheduled for today. 

With redemptions averaging ~80% these days, SPACs and companies are likely to have far less cash proceeds than they originally thought when they struck their deals. 

SPAC trust size is almost becoming irrelevant and is likely causing delays in the 100+ that have announced deals and are waiting to close them. About 20 of those SPACs also did not put in a PIPE at the time of their deal announcement. 

How many more will make it and how many will call it off?

SPAC Cash Hoard Grows

As Bloomberg highlights in a new piece today, the SPAC cash hoard has grown to nearly $160B in capital looking to be deployed for deals. With the market in the current state that it's in, good deals could be hard to come by, and much of this cash will ultimately be redeemed via redemption or returned to shareholders via liquidation.

We've been saying for a while now that the SPAC market is clearly oversaturated and needs some time to thin out. Though while IPOs have certainly slowed down, they are not stopping. Three more priced today, was it really the best market to bring a deal?

• byNordic Acquisition (BYNO), $150M, $10.20 trust
• Evergreen Corp (EVGR), $100M, $10.15 trust
• Counter Press Acquisition (CPAQ), $75M, $10.15 trust

Elsewhere in SPACs

• SilverBox Engaged Merger I (SBEA) and Black Rifle Coffee closed their merger and will trade as BRCC tomorrow, 2/10
• EJF Acquisition Corp (EJFA) target Pagaya announces partnership with Ally Financial
• CTIC Capital Acquisition Corp (CCAC) and Quanergy finally closed their merger and traded today as QNGY. Shares closed ~$7. The float on this one is quite low (~$1M) so look out for a potential squeeze.
• Growth Capital Acquisition Corp. (GCAC) announced shareholder approval on its Cepton deal. 15.589M or 90% of the SPAC redeemed, no specifics on closing time. 

Today's Price Action

Biggest Gainers

3.51% ~ $ 9.15 | GCAC - Growth Capital Acquisition Corp. (Announced)
2.89% ~ $ 10.68 | GGPI - Gores Guggenheim, Inc (Announced)
1.04% ~ $ 9.72 | GOBI - Gobi Acquisition Corp. (Pre-Deal)
1.02% ~ $ 9.92 | PORT - Southport Acquisition Corporation (Pre-Deal)
1.02% ~ $ 9.95 | ENTF - Enterprise 4.0 Technology Acquisition Corp (Pre-Deal)
.92% ~ $ 9.91 | VMGA - VMG Consumer Acquisition Corp. (Pre-Deal)
.81% ~ $ 9.90 | RCFA - RCF Acquisition Corp. (Pre-Deal)
.72% ~ $ 9.85 | MEAC - Mercury Ecommerce Acquisition Corp (Pre-Deal)
.72% ~ $ 9.86 | CREC - Crescera Capital Acquisition Corp. (Pre-Deal)
.64% ~ $ 9.80 | UTAA - UTA Acquisition Corporation (Pre-Deal)
.62% ~ $ 9.76 | GAMC - Golden Arrow Merger Corp. (Pre-Deal)
.61% ~ $ 9.92 | ADAL - Anthemis Digital Acquisitions I Corp (Pre-Deal)
.61% ~ $ 9.94 | HORI - Emerging Markets Horizon Corp. (Pre-Deal)
.61% ~ $ 9.96 | ACDI - Ascendant Digital Acquisition Corp. III (Pre-Deal)
.52% ~ $ 9.74 | IBER - Ibere Pharmaceuticals (Pre-Deal)
.42% ~ $ 9.65 | HCVI - Hennessy Capital Investment Corp. VI (Pre-Deal)
.41% ~ $ 9.80 | MCAG - Mountain Crest Acquisition Corp. V (Pre-Deal)
.41% ~ $ 9.82 | STET - ST Energy Transition I Ltd. (Pre-Deal)
.41% ~ $ 9.84 | ARTE - Artemis Strategic Investment Corporation (Pre-Deal)
.41% ~ $ 9.91 | CRHC - Cohn Robbins Holdings Corp. (Announced)

Biggest Losers

CFVI dropped big as (surprise!) Joe Rogan spurned their offer to switch platforms. 

-13.82% ~ $ 14.09 | CFVI - CF Acquisition Corp. VI (Announced)
-10.02% ~ $ 8.99 | ROCR - ROTH CH ACQUISITION III CO (Announced)
-5.54% ~ $ 9.20 | NXU - Novus Capital Corporation II (Announced)
-2.18% ~ $ 9.88 | IVCB - Investcorp Europe Acquisition Corp I (Pre-Deal)
-2.15% ~ $ 9.57 | TVAC - Thayer Ventures Acquisition Corporation (Announced)
-2.11% ~ $ 9.76 | ATEK - Athena Technology Acquisition Corp. II (Pre-Deal)
-2.10% ~ $ 9.77 | RJAC - Jackson Acquisition Co (Pre-Deal)
-1.37% ~ $ 83.40 | DWAC - Digital World Acquisition Corp. (Announced)
-1.01% ~ $ 9.83 | AEAE - AltEnergy Acquisition Corp (Pre-Deal)
-1.00% ~ $ 9.90 | SCUA - Sculptor Acquisition Corp I (Pre-Deal)
-.72% ~ $ 9.70 | ALCC - AltC Acquisition Corp. (Pre-Deal)
-.70% ~ $ 9.93 | APCA - AP Acquisition Corp (Pre-Deal)
-.62% ~ $ 9.64 | GFGD - Growth for Good Acquisition Corp (Pre-Deal)
-.61% ~ $ 9.79 | FLAC - Frazier Lifesciences Acquisition Corporation (Pre-Deal)
-.60% ~ $ 9.92 | APN - Apeiron Capital Investment Corp. (Pre-Deal)
-.60% ~ $ 9.92 | PHYT - Pyrophyte Acquisition Corp. (Pre-Deal)
-.56% ~ $ 9.78 | NFNT - Infinite Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.70 | PUCK - Goal Acquisitions Corp. (Pre-Deal)
-.51% ~ $ 9.75 | BGSX - Build Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.83 | WTMA - Welsbach Technology Metals Acquisition Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

The SPAC market continues to suffer from a lack of deals despite today's announcement of XPOA picking D-Wave in a $1.2B deal for the quantum computing company. 

The deal has a similar "bonus pool" share, similar to that of CHRC which, is meant to incentive shareholders not to redeem. It remains to be seen if this creative new tactic (a) is adopted more broadly and (b) most importantly, if it has any impact on redemptions. If sponsors don't figure something out the SPAC market is at serious risk of crumbling under the weight of out-of-control redemptions. 

The risk is a real one with 86% of pre-deal SPACs trading below $10 and post deSPAC prices (really ex-redemption) mostly falling off a cliff. So, in this environment, really only the sponsor seems to be wining -- the newly public company doesn't get significant cash, PIPE investors lose, and public shareholders lose. And, if Sponsors are the only ones winning, then the market will shut down regardless of how many investors want to try to take advantage of the yield play.

For those playing warrants, the risk may never have been higher as there is an increasing chance of SPACs deciding to (read: being forced to) liquidate. In that event those with commons will be protected, but as we've seen with recent liquidation those holding warrants will get trampled. 

A few months ago everyone assumed deals, no matter how bad, would get done. But, again, if even PIPE investors are losing, then it is hard to see how many of the almost 600 pre-deal SPACs will get a deal to completion.

And then there is DWAC. Usually a SPAC trading above NAV would be considered a good thing. However, in this instance it is the ultimate MEME and it seems much more likely to hurt both the market itself and investors when the magic disappears.

Also in SPAC Land:

• HOG / IMPX announced 2021 and Q4 results. There was little mention of LiverWire which is the portion of Harley-Davidson that IMPX is taking public.
• QFTA / TradeStation reported January 2022 brokerage metrics. The metric that stood out was a 12.4% decrease in daily average revenue trades.
• SPAQ / Allegro provided a business update with revenues up 95% to €86M
• The sponsor team behind Crucible Acquisition (CRU) pulled its registrations for Crucible II and Crucible II. 
• AGBA added ~$550k to its trust to extend its business combination deadline to May 16 (from Feb 16).

Quick Hit from Boardroom Alpha

Peter Thiel Leaves Facebook Signaling its Fading Influence and Future

Meta, the parent company of Facebook (NASDAQ: FB), announced yesterday that billionaire investor Peter Thiel is stepping down from the board, effectively ending his tenure in the nucleus of the social media company’s leadership. With his exit, Thiel votes with his feet and suggests Facebook’s influence over politics and culture is over for good. Read the full article.

SPAC Stock Movers

Biggest Gainers

8.35% ~ $ 16.35 | CFVI - CF Acquisition Corp. VI (Announced)
2.46% ~ $ 9.98 | RJAC - Jackson Acquisition Co (Pre-Deal)
2.19% ~ $ 9.78 | TVAC - Thayer Ventures Acquisition Corporation (Announced)
1.84% ~ $ 10.49 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
1.67% ~ $ 9.74 | NXU - Novus Capital Corporation II (Announced)
1.18% ~ $ 11.17 | AGBA - AGBA ACQUISITION LIMITED (Announced)
1.04% ~ $ 9.72 | GOBI - Gobi Acquisition Corp. (Pre-Deal)
1.02% ~ $ 9.90 | XPOA - DPCM Capital Inc (Announced)
1.02% ~ $ 9.92 | PORT - Southport Acquisition Corporation (Pre-Deal)
.83% ~ $ 9.70 | GFGD - Growth for Good Acquisition Corp (Pre-Deal)
.82% ~ $ 9.88 | WTMA - Welsbach Technology Metals Acquisition Corp. (Pre-Deal)
.81% ~ $ 9.90 | RCFA - RCF Acquisition Corp. (Pre-Deal)
.81% ~ $ 84.56 | DWAC - Digital World Acquisition Corp. (Announced)
.72% ~ $ 9.86 | CREC - Crescera Capital Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.96 | ACDI - Ascendant Digital Acquisition Corp. III (Pre-Deal)
.59% ~ $ 10.22 | CND - Concord Acquisition Corp (Announced)
.52% ~ $ 9.74 | IBER - Ibere Pharmaceuticals (Pre-Deal)
.51% ~ $ 9.78 | SHQA - Shelter Acquisition Corporation I (Pre-Deal)
.50% ~ $ 9.96 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
.48% ~ $ 9.87 | BRD - Beard Energy Transition Acquisition Corp. (Pre-Deal)

Biggest Losers

-6.36% ~ $ 8.84 | GCAC - Growth Capital Acquisition Corp. (Announced)
-4.99% ~ $ 7.05 | CCAC - CITIC Capital Acquisition Corp (Announced)
-2.43% ~ $ 9.64 | ORIA - Orion Biotech Opportunities Corp. (Pre-Deal)
-2.10% ~ $ 9.79 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
-1.40% ~ $ 9.88 | HORI - Emerging Markets Horizon Corp. (Pre-Deal)
-1.31% ~ $ 9.77 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
-1.22% ~ $ 9.68 | RACB - Research Alliance Corp. II (Pre-Deal)
-1.20% ~ $ 9.88 | SHAP - Spree Acquisition Corp. 1 Ltd (Pre-Deal)
-1.12% ~ $ 9.74 | FMIV - Forum Merger IV Corporation (Pre-Deal)
-1.11% ~ $ 9.78 | LCW - Learn CW Investment Corp (Pre-Deal)
-1.00% ~ $ 9.90 | SCUA - Sculptor Acquisition Corp I (Pre-Deal)
-.99% ~ $ 10.00 | APCA - AP Acquisition Corp (Pre-Deal)
-.97% ~ $ 9.73 | BWC - Blue Whale Acquisition Corp I (Pre-Deal)
-.91% ~ $ 9.75 | MBAC - M3-Brigade Acquisition II Corp (Announced)
-.82% ~ $ 9.62 | ALPA - ALPHA HEALTHCARE ACQUISITION CORP III (Pre-Deal)
-.81% ~ $ 9.78 | MEAC - Mercury Ecommerce Acquisition Corp (Pre-Deal)
-.78% ~ $ 9.67 | TWCB - Bilander Acquisition Corp. (Pre-Deal)
-.77% ~ $ 9.92 | SZZL - Sizzle Acquisition Corp. (Pre-Deal)
-.73% ~ $ 9.74 | UTAA - UTA Acquisition Corporation (Pre-Deal)
-.71% ~ $ 10.18 | ADOC - Edoc Acquisition Corp (Announced)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | February 4, 2022

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Spotify has been dealing with a bit of PR headache surrounding its star podcaster Joe Rogan over the last few weeks. That prompted an offer (or at least a tweet) from Rumble CEO Chris Pavlovski tweeting a $100M offer for Rogan to join the Rumble TV platform. 

The tweet sent CF Acquisition Corp VI (CVFI), the SPAC that is taking Rumble public, soaring and ultimately finishing the day +18%. 

The OG Trump SPAC, Digital World Acquisition (DWAC), had a large EOD fall as news leaked that TRUTH social is facing even more delays as it gets set to launch. Yet shares are still trading at a pre-close SPAC record ~$84. 

DWAC and CVFI remain the two highest trading pr-close SPACs in an environment where the majority of those SPACs are still trading much closer to NAV. 

Highest Trading SPACs With Deals Announced

Elsewhere in SPACs

Bowlero (BOWL) announced an up to $200M share repurchase of its common stock and warrants, due to what the company believes is a undervalued stock "current stock price represents a significant discount to the intrinsic value of the Company." BOWL shares closed $7.45 today. 

Could we see more of this from De-SPAC companies (particularly ones with positive FCF) given the low levels at which they are trading? Bowlero DeSPAC'ed in December from Isos Acquisition Corp. and has been trading in the single digits since. 

Greenlight Biosciences (GRNA) (formerly Environmental Impact Acquisition Corp) disclosed $195M in redemptions (~95%) following its SPAC closures. 

Fast Radius filed its 8k from Friday detailing their redemption numbers which amounted to 91% of the SPAC.

Aurora Technology Acquisition Corp (ATAK) priced a $200M IPO with 1 warrant 1 right and $10.10 in trust.  

Today's Price Action

Biggest Gainers

18.17% ~ $ 15.09 | CFVI - CF Acquisition Corp. VI (Announced)
2.07% ~ $ 9.84 | MBAC - M3-Brigade Acquisition II Corp (Announced)
1.94% ~ $ 10.00 | SCUA - Sculptor Acquisition Corp I (Pre-Deal)
1.44% ~ $ 9.89 | LCW - Learn CW Investment Corp (Pre-Deal)
1.42% ~ $ 10.00 | FRBN - Forbion European Acquisition Corp. (Pre-Deal)
1.39% ~ $ 9.82 | BWC - Blue Whale Acquisition Corp I (Pre-Deal)
1.23% ~ $ 9.91 | ASPA - Abri SPAC I, Inc. (Announced)
1.20% ~ $ 10.09 | TOAC - Talon 1 Acquisition Corp (Pre-Deal)
1.20% ~ $ 10.16 | CND - Concord Acquisition Corp (Announced)
1.13% ~ $ 9.85 | FMIV - Forum Merger IV Corporation (Pre-Deal)
1.04% ~ $ 9.72 | GOBI - Gobi Acquisition Corp. (Pre-Deal)
1.03% ~ $ 9.85 | FLAC - Frazier Lifesciences Acquisition Corporation (Pre-Deal)
1.02% ~ $ 9.90 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
1.01% ~ $ 10.02 | SBEA - SilverBox Engaged Merger Corp I (Announced)
.91% ~ $ 9.97 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.82% ~ $ 9.88 | WTMA - Welsbach Technology Metals Acquisition Corp. (Pre-Deal)
.81% ~ $ 9.93 | AEAE - AltEnergy Acquisition Corp (Pre-Deal)
.76% ~ $ 10.65 | ESSC - East Stone Acquisition Corporation (Announced)
.73% ~ $ 9.71 | PSPC - Post Holdings Partnering Corporation (Pre-Deal)
.72% ~ $ 9.75 | TWCB - Bilander Acquisition Corp. (Pre-Deal)

Biggest Losers

-8.85% ~ $ 7.42 | CCAC - CITIC Capital Acquisition Corp (Announced)
-1.46% ~ $ 10.09 | FST - FAST ACQ CP (Pre-Deal)
-1.14% ~ $ 9.57 | TVAC - Thayer Ventures Acquisition Corporation (Announced)
-.91% ~ $ 9.82 | PORT - Southport Acquisition Corporation (Pre-Deal)
-.82% ~ $ 9.68 | BYTS - BYTE Acquisition Corp. (Pre-Deal)
-.81% ~ $ 9.81 | FACA - Figure Acquisition Corp. I (Pre-Deal)
-.77% ~ $ 9.79 | XPDB - Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)
-.69% ~ $ 10.01 | MEOA - Minority Equality Opportunities Acquisition Inc. (Pre-Deal)
-.67% ~ $ 83.88 | DWAC - Digital World Acquisition Corp. (Announced)
-.63% ~ $ 9.44 | GCAC - Growth Capital Acquisition Corp. (Announced)
-.62% ~ $ 9.65 | BRIV - B. Riley Principal 250 Merger Corp. (Pre-Deal)
-.61% ~ $ 9.72 | SDAC - Sustainable Development Acquisition I Corp. (Pre-Deal)
-.61% ~ $ 9.82 | BRD - Beard Energy Transition Acquisition Corp. (Pre-Deal)
-.60% ~ $ 10.00 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
-.56% ~ $ 9.74 | FWAC - Fifth Wall Acquisition Corp. III (Pre-Deal)
-.52% ~ $ 9.65 | PANA - Panacea Acquisition Corp. II (Pre-Deal)
-.51% ~ $ 9.68 | DTOC - Digital Transformation Opportunities Corp. (Pre-Deal)
-.51% ~ $ 9.69 | KAII - Kismet Acquisition Two Corp. (Pre-Deal)
-.51% ~ $ 9.81 | DAOO - Crypto 1 Acquisition Corp (Pre-Deal)
-.50% ~ $ 9.86 | SVNA - 7 Acquisition Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

Big Tech continues to trade like penny stocks (SNAP, AMZN wild moves anyone?), which again has shifted a bit of attention away from SPACs. 

Somewhat in that vein, an interesting move today from Vistas Media Acquisition Co (VMAC), whose shares peaked ~$16 in intraday trading. 

VMAC, who is taking Middle Eastern and Africa music streaming company Anghami public, rang the bell at the NASDAQ this morning. It was a slightly unusual  move given the company had yet to close their merger, which occurred later in the day today. Shares will now begin to trade under its new ticker ANGH tomorrow, 2/4. 

The merger vote was back on 1/20 and, if you don't recall, 98% of the SPAC's trust redeemed as part of the vote. Looks like the squeeze was on today in anticipation of a low-float following ticker change, even though similar price action took place in the days following the vote. Closing on 2/3 after a 1/20 vote is highly unusual but hey, this is SPACs. 

Wag! Strikes SPAC deal with CHW Acquisition Corp

Dog-walking app Wag! (Wag Labs) is going public in a SPAC deal with CHW Acquisition Corp (CHWA), valuing the company at $348M EV. The financing includes a $16M PIPE, a new $30M Term Loan, and whatever is not redeemed from the $125M trust account. 

Investor Presentation

 The market didn't exactly eat up the deal as CHWA common shares ticked down slightly while the warrants dropped ~7.6% to $0.35. 

Elsewhere in SPACs

SOC Telemed (TLMD) agreed to a deal to be acquired by Patient Square Capital for just $3 / share. TLMD is a former DeSPAC company having gone public through Healthcare Merger Corp in a deal that closed back in November 2020. 

The stock has seen a swift fall from its $10 SPAC price, closing at just $0.62 before the merger was announced. Interestingly, the sponsor behind Healthcare Merger Corp I pulled its plans for Healthcare Merger Corp II earlier this week. $3 might be a good outcome for current shareholders (if you got in low), but TLMD is among the worst performing DeSPACs of the last few years. 

The lowest trading DeSPACs in the last 18 months? UK, CRXT, TMC, TALK, EQOS, MILE

System1 (SST) and Trebia Acquisition finally disclosed their redemption numbers, coming in very high ~99%. 

SilverBox Engaged Merger Corp I (SBEA) announced that its merger with Black Rifle Coffee was approved, and that they are extending its deadline to withdraw redemption requests out till 2/8. SBEA jumped nearly 9% to close above NAV at $10.05. Expected closing and ticker change to BRCC is next week. 

Upcoming Merger Votes

Feb 08 | $ 9.13 | TVAC - Thayer Ventures Acquisition Corporation --> Inspirato LLC
Feb 09 | $ 9.99 | MBAC - M3-Brigade Acquisition II Corp --> Syniverse Corp
Feb 09 | $ 9.99 | GCAC - Growth Capital Acquisition Corp. --> Cepton Technologies, Inc
Feb 14 | $ 9.97 | ROCR - ROTH CH ACQUISITION III CO --> QualTek
Feb 15 | $ 9.97 | ASAX - Astrea Acquisition Corp. --> HotelPlanner
Feb 15 | $ 9.98 | HCCC - Healthcare Capital Corp. --> Alpha Tau Medical Ltd.

Today's Price Action

Biggest Gainers

8.77% ~ $ 10.05 | SBEA - SilverBox Engaged Merger Corp I (Announced)
7.46% ~ $ 7.49 | CCAC - CITIC Capital Acquisition Corp (Announced)
7.12% ~ $ 7.82 | ENNV - ECP Environmental Growth Opportunities Corp. (Announced)
1.86% ~ $ 12.02 | CFVI - CF Acquisition Corp. VI (Announced)
1.86% ~ $ 9.86 | ORIA - Orion Biotech Opportunities Corp. (Pre-Deal)
1.58% ~ $ 81.09 | DWAC - Digital World Acquisition Corp. (Announced)
1.45% ~ $ 9.79 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
1.13% ~ $ 9.83 | ZT - Zimmer Energy Transition Acquisition Corp. (Pre-Deal)
1.03% ~ $ 9.83 | THCP - Thunder Bridge Capital Partners IV, Inc. (Pre-Deal)
.97% ~ $ 9.89 | FACA - Figure Acquisition Corp. I (Pre-Deal)
.97% ~ $ 9.90 | SRSA - Sarissa Capital Acquisition Corp (Pre-Deal)
.82% ~ $ 9.78 | ATEK - Athena Technology Acquisition Corp. II (Pre-Deal)
.81% ~ $ 9.98 | GEEX - Games & Esports Experience Acquisition Corp. (Pre-Deal)
.73% ~ $ 9.71 | BRIV - B. Riley Principal 250 Merger Corp. (Pre-Deal)
.72% ~ $ 9.75 | TWCB - Bilander Acquisition Corp. (Pre-Deal)
.70% ~ $ 10.03 | GBRG - Goldenbridge Acquisition Limited (Announced)
.62% ~ $ 9.70 | AFTR - AfterNext HealthTech Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.71 | NBST - Newbury Street Acquisition Corporation (Pre-Deal)
.62% ~ $ 9.80 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
.60% ~ $ 9.83 | IGNY - Ignyte Acquisition Corp. (Pre-Deal)

Biggest Losers

TVAC drops > 10% as they approach ex-redemption and set to vote on their Inspirato deal on 2/8. 

-10.31% ~ $ 9.13 | TVAC - Thayer Ventures Acquisition Corporation (Announced)
-4.17% ~ $ 6.43 | MCMJ - Merida Merger Corp. I (Announced)
-2.80% ~ $ 9.71 | RJAC - Jackson Acquisition Co (Pre-Deal)
-2.17% ~ $ 7.68 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)
-1.90% ~ $ 9.81 | FHLT - Future Health ESG Corp. (Pre-Deal)
-1.61% ~ $ 9.79 | CREC - Crescera Capital Acquisition Corp. (Pre-Deal)
-1.61% ~ $ 9.79 | ASPA - Abri SPAC I, Inc. (Announced)
-1.51% ~ $ 9.81 | TLGY - TLGY Acquisition Corp (Pre-Deal)
-1.00% ~ $ 9.89 | ARYD - ARYA Sciences Acquisition Corp IV (Announced)
-.95% ~ $ 9.87 | ALOR - ALSP Orchid Acquisition Corp I (Pre-Deal)
-.91% ~ $ 9.83 | PACI - PROOF Acquisition Corp I (Pre-Deal)
-.81% ~ $ 9.76 | BNNR - Banner Acquisition Corp. (Pre-Deal)
-.72% ~ $ 9.63 | LITT - Logistics Innovation Technologies Corp. (Pre-Deal)
-.68% ~ $ 10.26 | GGPI - Gores Guggenheim, Inc (Announced)
-.65% ~ $ 10.70 | ESSC - East Stone Acquisition Corporation (Announced)
-.62% ~ $ 9.58 | AMCI - AMCI Acquisition Corp. II (Pre-Deal)
-.61% ~ $ 9.74 | DISA - Disruptive Acquisition Corp I (Pre-Deal)
-.61% ~ $ 9.82 | LGVC - LAMF Global Ventures Corp. I (Pre-Deal)
-.61% ~ $ 9.84 | CIIG - CIIG Capital Partners II, Inc. (Pre-Deal)
-.61% ~ $ 9.84 | SCMA - Seaport Calibre Materials Acquisition Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

January has started off slowly in SPAC land with some strong trend reversals vs. last year. In our January SPAC market review we take a look at:

• IPO slowdowns and withdrawals 
• Market turbulence and DeSPAC pain
• Redemptions and state of the market

** Read the full report at Boardroom Alpha **

As for today, it was mostly an uneventful day save for the very rare mid-afternoon SPAC deal announcement with Edoc Acquisition Corp's (ADOC) announcement of a $449M EV deal with Calidi Biotherapeutics. 

ADOC's warrants jumped big +23% on the deal announcement, albeit to a still discounted 17c. ADOC, an older SPAC approaching its deadline, was likely to announce a deal soon according to Boardroom Alpha's Potential Deal Screener where it scored a 7.8.

The screener looks at several factors including a SPAC’s age, time to deadline and OpEx trends to help predict who might be the next deal. Who's next? Maybe one of these SPACs:

Elsewhere in SPACs

Approved: Environmental Impact Acquisition Corporation (ENVI) and Greenlight Biosciences will trade as GRNA tomorrow, 2/3. No word was given on redemptions, and shares closed today at $8.82. 

SilverBox Engaged Merger Corp I (SBEA), ahead of their shareholder vote tomorrow, put out a press release saying they expect the Black Rifle deal to close on 2/9 and $373M of proceeds in the transaction. Shares fell ~5% to $9.24. 

ICYMI and you're following SBEA / Black Rifle, can find our podcast here.

Queen's Gambit Growth Capital (GMBT) added $21.5M to its PIPE for the Swvl deal after cancelling its FPA. 

SPAC Calendar

With just SilverBox Engaged (SBEA) left to vote this week, the next two weeks votes come into play if you're playing the redemption game. 

Feb 03 | $ 9.24 | SBEA - SilverBox Engaged Merger Corp I --> Black Rifle Coffee Company
Feb 08 | $ 10.18 | TVAC - Thayer Ventures Acquisition Corporation --> Inspirato LLC
Feb 09 | $ 9.97 | MBAC - M3-Brigade Acquisition II Corp --> Syniverse Corp
Feb 09 | $ 9.99 | GCAC - Growth Capital Acquisition Corp. --> Cepton Technologies, Inc
Feb 14 | $ 9.97 | ROCR - ROTH CH ACQUISITION III CO --> QualTek
Feb 15 | $ 9.96 | ASAX - Astrea Acquisition Corp. --> HotelPlanner
Feb 15 | $ 9.98 | HCCC - Healthcare Capital Corp. --> Alpha Tau Medical Ltd.

Today's Price Action

Biggest Gainers

4.74% ~ $ 10.38 | ESAC - ESGEN Acquisition Corp (Pre-Deal)
3.71% ~ $ 10.06 | GIAC - Gesher I Acquisition Corp. (Pre-Deal)
2.99% ~ $ 9.99 | RJAC - Jackson Acquisition Co (Pre-Deal)
2.76% ~ $ 6.71 | MCMJ - Merida Merger Corp. I (Announced)
2.04% ~ $ 10.00 | FHLT - Future Health ESG Corp. (Pre-Deal)
1.52% ~ $ 9.99 | ARYD - ARYA Sciences Acquisition Corp IV (Announced)
1.33% ~ $ 9.94 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
1.32% ~ $ 9.95 | ASPA - Abri SPAC I, Inc. (Announced)
1.24% ~ $ 9.80 | DISA - Disruptive Acquisition Corp I (Pre-Deal)
1.10% ~ $ 10.08 | MEOA - Minority Equality Opportunities Acquisition Inc. (Pre-Deal)
.94% ~ $ 9.70 | LITT - Logistics Innovation Technologies Corp. (Pre-Deal)
.93% ~ $ 9.79 | BGSX - Build Acquisition Corp. (Pre-Deal)
.92% ~ $ 9.84 | BNNR - Banner Acquisition Corp. (Pre-Deal)
.91% ~ $ 9.95 | CREC - Crescera Capital Acquisition Corp. (Pre-Deal)
.83% ~ $ 9.70 | MITA - Coliseum Acquisition Corp. (Pre-Deal)
.82% ~ $ 9.78 | ATEK - Athena Technology Acquisition Corp. II (Pre-Deal)
.82% ~ $ 9.79 | SDAC - Sustainable Development Acquisition I Corp. (Pre-Deal)
.71% ~ $ 9.90 | SCMA - Seaport Calibre Materials Acquisition Corp. (Pre-Deal)
.71% ~ $ 9.96 | GOGN - GoGreen Investments Corp (Pre-Deal)
.71% ~ $ 9.99 | AHPA - Avista Public Acquisition Corp. II (Pre-Deal)

Biggest Losers

-9.76% ~ $ 8.88 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
-5.33% ~ $ 9.24 | SBEA - SilverBox Engaged Merger Corp I (Announced)
-4.36% ~ $ 9.65 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
-4.26% ~ $ 6.97 | CCAC - CITIC Capital Acquisition Corp (Announced)
-4.19% ~ $ 9.94 | LGST - Semper Paratus Acquisition Corp (Pre-Deal)
-4.11% ~ $ 79.83 | DWAC - Digital World Acquisition Corp. (Announced)
-3.44% ~ $ 7.85 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)
-2.27% ~ $ 10.77 | ESSC - East Stone Acquisition Corporation (Announced)
-1.79% ~ $ 9.89 | XPDB - Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)
-1.64% ~ $ 9.87 | WEL - Integrated Wellness Acquisition Corp (Pre-Deal)
-1.37% ~ $ 9.90 | GEEX - Games & Esports Experience Acquisition Corp. (Pre-Deal)
-1.34% ~ $ 10.33 | GGPI - Gores Guggenheim, Inc (Announced)
-1.10% ~ $ 9.87 | BIOS - BioPlus Acquisition Corp. (Pre-Deal)
-1.09% ~ $ 11.80 | CFVI - CF Acquisition Corp. VI (Announced)
-1.00% ~ $ 9.90 | HLXA - HELIX ACQUISITION CORP (Announced)
-.91% ~ $ 9.83 | PACI - PROOF Acquisition Corp I (Pre-Deal)
-.80% ~ $ 9.98 | ARCK - Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
-.71% ~ $ 9.74 | IBER - Ibere Pharmaceuticals (Pre-Deal)
-.70% ~ $ 9.86 | AEAE - AltEnergy Acquisition Corp (Pre-Deal)
-.62% ~ $ 9.68 | TWCB - Bilander Acquisition Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - January 2022

The January SPAC Market Review covers:

• SPACs Hit by Broader Market Turbulence
• Announced SPAC M&A in 2022
• IPO Slowdown and Withdrawals
• Money Back Guarantee
• January deSPACs
• Checking in on Top Sponsors
• Gores
• DMY
• Reinvent
• State of the SPAC Market
• Who's Next? Potential Deal Announcement
• SPAC Calendar for February
• Read the full January 2022 Monthly SPAC report here

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - January 2022
• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 28, 2022
• CEO / CFO / Director Resignations & Appointments | Jan 21, 2022
• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

The SPAC (and deSPAC) market is enjoying the last few days thanks to some thinking "spec tech" is already back, SPAC sentiment seemingly shifted thanks to several hedge funds saying now is the time to buy, and an overall better market tide lifting all boats. Whether the more positive mood and results continue is the real question. 

Given nothing has fundamentally changed in the SPAC market -- ie still too many SPACs, not enough deals, and poor performing deSPACs -- don't expect the mood to last too long. However, if SPAC IPOs continue to slow in February (January had a marked decline), a few good deals get announced, and the markets stabilize, investors could see an environment that is more supportive of a smoother SPAC market correction.

Average redemption rates will be one of the key SPAC metrics to watch as the market looks to stabilize.

A continued deceleration in SPAC IPOs will be a positive sign for SPACs going forward. The key is for the market to clear out more, deSPACs to perform (reasonably), and new deals to be attractive.

Tuesday's SPAC Deal

POND announced a deal with Maria DB with an enterprise value of $672M and an $18M dollar PIPE. Maria DB is a ""fast growing, popular open source database software company." POND closed up at $9.85 on the day.

Elsewhere in SPACs

• IVAN shareholders approved their SPAC deal with SES Holdings. 81.4% of shares redeemed. 
• DeSPAC Satellogic (SATL) announced a strategic partnership with Palantir (PLTR)
• ENNV adjourned vote until February 2 and amended merger agreement to lower the valuation. 91% of shareholders have already redeemed removing $315.4M from trust.
• MCMJ / Leafly approved merger, though no details yet on redemptions

SPAC Deal Vote Calendar

Watch for more redemptions as February's SPAC votes start rolling in. For those watching SBEA / Black Rifle, you can check out our podcast with them here.

Feb 02 | $ 7.25 | ENNV - ECP Environmental Growth Opportunities Corp. --> Fast Radius, Inc.
Feb 03 | $ 9.76 | SBEA - SilverBox Engaged Merger Corp I --> Black Rifle Coffee Company
Feb 08 | $ 10.18 | TVAC - Thayer Ventures Acquisition Corporation --> Inspirato LLC
Feb 09 | $ 9.99 | MBAC - M3-Brigade Acquisition II Corp --> Syniverse Corp
Feb 09 | $ 9.99 | GCAC - Growth Capital Acquisition Corp. --> Cepton Technologies, Inc
Feb 14 | $ 9.97 | ROCR - ROTH CH ACQUISITION III CO --> QualTek
Feb 15 | $ 9.96 | ASAX - Astrea Acquisition Corp. --> HotelPlanner
Feb 15 | $ 9.97 | HCCC - Healthcare Capital Corp. --> Alpha Tau Medical Ltd.

DeSPACs See Green Again!

It was another big green day from many of the recent DeSPACs. DAVE which has now climbed up to $14.30 after hitting a low of $4.62 after deSPAC. IONQ was up almost 7% as "spec tech" may be getting its footing back (see: Ark ETF).

SPAC Stock Movers

No surprise, but DWAC again capitalized on the improved market mood and surged almost 14% to return to $83.25.

Biggest Gainers

13.93% ~ $ 83.25 | DWAC - Digital World Acquisition Corp. (Announced)
6.27% ~ $ 11.02 | ESSC - East Stone Acquisition Corporation (Announced)
4.59% ~ $ 10.38 | LGST - Semper Paratus Acquisition Corp (Pre-Deal)
3.13% ~ $ 7.25 | ENNV - ECP Environmental Growth Opportunities Corp. (Announced)
2.96% ~ $ 10.09 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
2.40% ~ $ 11.93 | CFVI - CF Acquisition Corp. VI (Announced)
2.15% ~ $ 9.98 | RJAC - Jackson Acquisition Co (Pre-Deal)
2.07% ~ $ 9.85 | POND - Angel Pond Holdings Corp (Announced)
1.77% ~ $ 10.04 | WEL - Integrated Wellness Acquisition Corp (Pre-Deal)
1.65% ~ $ 9.83 | ALCC - AltC Acquisition Corp. (Pre-Deal)
1.57% ~ $ 9.70 | ATEK - Athena Technology Acquisition Corp. II (Pre-Deal)
1.45% ~ $ 9.79 | TIOA - Tio Tech A (Pre-Deal)
1.35% ~ $ 9.74 | TWCB - Bilander Acquisition Corp. (Pre-Deal)
1.33% ~ $ 9.94 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
1.32% ~ $ 10.00 | HLXA - HELIX ACQUISITION CORP (Announced)
1.24% ~ $ 9.80 | DISA - Disruptive Acquisition Corp I (Pre-Deal)
1.24% ~ $ 9.81 | IBER - Ibere Pharmaceuticals (Pre-Deal)
1.22% ~ $ 9.92 | PACI - PROOF Acquisition Corp I (Pre-Deal)
1.19% ~ $ 10.04 | GEEX - Games & Esports Experience Acquisition Corp. (Pre-Deal)
1.12% ~ $ 9.91 | AACI - Armada Acquisition Corp. I (Announced)

Biggest Losers

-8.42% ~ $ 6.53 | MCMJ - Merida Merger Corp. I (Announced)
-3.70% ~ $ 7.28 | CCAC - CITIC Capital Acquisition Corp (Announced)
-3.62% ~ $ 9.84 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
-3.50% ~ $ 9.65 | PFTA - Portage Fintech Acquisition Corp. (Pre-Deal)
-2.78% ~ $ 9.80 | SCUA - Sculptor Acquisition Corp I (Pre-Deal)
-2.18% ~ $ 9.85 | PORT - Southport Acquisition Corporation (Pre-Deal)
-1.81% ~ $ 9.76 | SBEA - SilverBox Engaged Merger Corp I (Announced)
-1.80% ~ $ 9.81 | BPAC - Bullpen Parlay Acquisition Co (Pre-Deal)
-1.62% ~ $ 9.74 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
-1.49% ~ $ 8.57 | ENVI - Environmental Impact Acquisition Corp. (Announced)
-1.41% ~ $ 9.82 | BRKH - BurTech Acquisition Corp. (Pre-Deal)
-.82% ~ $ 9.62 | ALPA - ALPHA HEALTHCARE ACQUISITION CORP III (Pre-Deal)
-.82% ~ $ 9.72 | KLAQ - KL Acquisition Corp (Pre-Deal)
-.81% ~ $ 9.85 | WALD - Waldencast Acquisition Corp. (Announced)
-.71% ~ $ 9.73 | SKYA - Skydeck Acquisition Corp. (Pre-Deal)
-.71% ~ $ 9.82 | RCFA - RCF Acquisition Corp. (Pre-Deal)
-.70% ~ $ 9.93 | OLIT - OmniLit Acquisition Corp. (Pre-Deal)
-.62% ~ $ 9.68 | PEGR - Project Energy Reimagined Acquisition Corp. (Pre-Deal)
-.61% ~ $ 9.71 | OMEG - Omega Alpha SPAC (Pre-Deal)
-.61% ~ $ 8.13 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

Long are the manic merger Mondays in SPAC land as sentiment in both SPACs and the broader equity market has lagged over the past few weeks. Though this morning two SPAC deals were announced as the show must go on. With 588 SPACs searching for deals and the clock ticking, those deals will start to trickle in:

Agrico Acquistion Corp (RICO), a relatively "young" SPAC having just IPO'ed in July, struck a $375M deal with vertical farming company Kalera. The deal financing did not contain a PIPE, and RICO shares dipped slightly to $10.05. 

Vertical farming company AppHarvest (APPH), and SPAC comp, has struggled in DeSPAC life and fell another ~12% to close at just $2.99 after posting disappointing results. 

OTR Acquisition Co. (OTRA) announced a bio deal in taking Comera Life Sciences public in a $151.3M EV deal, also with no PIPE. OTRA, in its IPO prospectus, had set out to search for a company with an EV of "~$500M - $2.5B." Given where things are in SPACs, don't expect SPACs to feel pressure to stick to their original target sectors or valuations. 

Elsewhere in SPACs

Ivanhoe Capital Acquisition Corp (IVAN) said it expects its vote with SES Holdings to pass tomorrow, 2/1, and generate > $480M of proceeds to the company. Shares dipped nearly 6% today to $8.18. 

Two SPACs voted today:

• CITIC Capital (CCAC) approved deal with Quanergy, the company didn't disclose redemptions yet
• ECP Environmental (ENNV) has yet to file results on its Fast Radius vote

Three SPACs are set to vote on their mergers tomorrow:

• Ivanhoe Capital (IVAN) + SES Holdings
• Merida Merger Corp I (MCMJ) + Leafly
• Environmental Impact Acquisition (ENVI) + Greenlight

Silverbox Engaged Merger Corp I (SBEA) wraps the week's votes with Black Rifle on Thursday 2/3. 

An IPO! Blue World Acquisition Corp (BWAQ) raised $80M targeting marine / travel / cruises. 

De-SPACs See Green

A rebound day for stocks, including tech and the Nasdaq, was reciprocated by recent De-SPACs. First day seeing green in some time. Beaten down names such as EMBK and DNA had big days.  

Today's Price Action

Biggest Gainers

The DWAC rollercoaster continues as DWAC jumps on a risk-on day. 

6.28% ~ $ 73.07 | DWAC - Digital World Acquisition Corp. (Announced)
3.95% ~ $ 10.00 | PFTA - Portage Fintech Acquisition Corp. (Pre-Deal)
2.06% ~ $ 9.90 | HCNE - Jaws Hurricane Acquisition Corporation (Pre-Deal)
1.94% ~ $ 9.99 | BPAC - Bullpen Parlay Acquisition Co (Pre-Deal)
1.84% ~ $ 9.98 | BIOS - BioPlus Acquisition Corp. (Pre-Deal)
1.52% ~ $ 10.00 | OLIT - OmniLit Acquisition Corp. (Pre-Deal)
1.48% ~ $ 11.65 | CFVI - CF Acquisition Corp. VI (Announced)
1.14% ~ $ 9.77 | GXII - GX Acquisition Corp. II (Pre-Deal)
1.03% ~ $ 9.80 | SKYA - Skydeck Acquisition Corp. (Pre-Deal)
.93% ~ $ 9.74 | IACC - ION Acquisition Corp 3 Ltd. (Pre-Deal)
.91% ~ $ 9.94 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.89% ~ $ 10.21 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
.87% ~ $ 10.39 | GGPI - Gores Guggenheim, Inc (Announced)
.83% ~ $ 9.70 | ALPA - ALPHA HEALTHCARE ACQUISITION CORP III (Pre-Deal)
.81% ~ $ 10.00 | TOAC - Talon 1 Acquisition Corp (Pre-Deal)
.78% ~ $ 10.36 | HUGS - USHG Acquisition Corp. (Announced)
.73% ~ $ 9.67 | APTM - Alpha Partners Technology Merger Corp. (Pre-Deal)
.73% ~ $ 9.69 | ACRO - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)
.73% ~ $ 9.70 | PSAG - Property Solutions Acquisition Corp. II (Pre-Deal)
.73% ~ $ 9.72 | THCP - Thunder Bridge Capital Partners IV, Inc. (Pre-Deal)

Biggest Losers

-8.81% ~ $ 8.70 | ENVI - Environmental Impact Acquisition Corp. (Announced)
-8.03% ~ $ 7.56 | CCAC - CITIC Capital Acquisition Corp (Announced)
-5.76% ~ $ 8.18 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)
-5.13% ~ $ 7.03 | ENNV - ECP Environmental Growth Opportunities Corp. (Announced)
-4.31% ~ $ 9.55 | ATEK - Athena Technology Acquisition Corp. II (Pre-Deal)
-1.12% ~ $ 9.70 | STET - ST Energy Transition I Ltd. (Pre-Deal)
-1.01% ~ $ 9.80 | MTVC - Motive Capital Corp II (Pre-Deal)
-.62% ~ $ 9.64 | ORIA - Orion Biotech Opportunities Corp. (Pre-Deal)
-.56% ~ $ 7.13 | MCMJ - Merida Merger Corp. I (Announced)
-.51% ~ $ 9.75 | EBAC - European Biotech Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.93 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.94 | SBEA - SilverBox Engaged Merger Corp I (Announced)
-.50% ~ $ 9.77 | IGNY - Ignyte Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.61 | SMIH - Summit Healthcare Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.82 | ASPA - Abri SPAC I, Inc. (Announced)
-.31% ~ $ 9.88 | ONYX - Onyx Acquisition Co. I (Pre-Deal)
-.31% ~ $ 9.61 | SLVR - SILVERspac Inc (Pre-Deal)
-.31% ~ $ 9.65 | DHBC - DHB Capital Corp. (Pre-Deal)
-.31% ~ $ 9.65 | APMI - AxonPrime Infrastructure Acquisition Corp (Pre-Deal)
-.31% ~ $ 9.67 | CRZN - Corazon Capital V838 Monoceros Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

A rocky week in equities meant for a relatively quiet SPAC front on the primary side of activity, making issuers unlikely to hop in the waters. By the numbers:

• 2 IPOs priced for $230M (KYCH, LATG)
• 6 definitive agreements (MCAE, ASPA, BREZ, DNAA, AKIC, ARIZ)

At least for the first time in recent memory the amount of announced M&A outpaced the IPOs. As we've been discussing, the IPO market has gone completely cold which can be a good thing to help clear out the glut of SPACs. 

Despite the slowdown this week, there has still been over $5B in SPAC capital raised in January, though that would make it the lightest month since May-2021 if no more price.

SPACs are getting their extensions (see LCAP, SCVX) but they are coming with the high price of extra funding into the trust account, coupled with high levels of redemptions at the vote. 

Sentiment in the market is quite low. What will turn the tide? Might not be an event-driven situation, but rather slower shift if quality deals are brought to market. Time will tell.

Elsewhere in SPACs

Mountain Crest Acquisition Corp III (MCAE) announced a $2.5B deal with ETAO International Group, a Chinese healthcare co. Little other information was released aside from noting a $250M PIPE, but in another example of a half-baked announcement, no deal materials or investor presentation released.  

De-SPACs

• System1 (SST) had its first day under its new ticker, and had a nice day closing up ~6% to $10
• As did Super Group (SGHC), who was relatively flat on the day and closed up slightly to $8.15

SPAC Calendar

A lighter week of votes next week though there are still 4 merger votes set to go including Environmental Impact Acquisition Corporation (ENVI) who put out a PR saying they are on track to approve their vote on 2/1, close on 2/2 and start trading as GRNA on 2/3.

Also on the docket next week is SilverBox Engaged / Black Rifle Coffee, have a listen to our recent podcast with them. 

Today's Price Action

Biggest Gainers

IVAN gained 6% following a sharp drop as the SPAC went ex-redemption ahead of its vote next week; traders looking for a gamma squeeze?

5.98% ~ $ 8.68 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)
3.49% ~ $ 68.75 | DWAC - Digital World Acquisition Corp. (Announced)
3.24% ~ $ 11.48 | CFVI - CF Acquisition Corp. VI (Announced)
3.14% ~ $ 9.54 | ENVI - Environmental Impact Acquisition Corp. (Announced)
2.37% ~ $ 9.95 | ASAX - Astrea Acquisition Corp. (Announced)
1.11% ~ $ 9.98 | LVAC - LAVA Medtech Acquisition Corp. (Pre-Deal)
.93% ~ $ 9.80 | EBAC - European Biotech Acquisition Corp. (Pre-Deal)
.82% ~ $ 9.81 | BLSA - BCLS Acquisition Corp. (Pre-Deal)
.72% ~ $ 9.78 | EPWR - Empowerment & Inclusion Capital I Corp (Pre-Deal)
.72% ~ $ 9.80 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
.63% ~ $ 9.66 | BSAQ - Black Spade Acquisition Co (Pre-Deal)
.62% ~ $ 9.81 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.92 | RNER - Mount Rainier Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.94 | THAC - Thrive Acquisition Corp (Pre-Deal)
.59% ~ $ 9.75 | HWKZ - Hawks Acquisition Corp (Pre-Deal)
.52% ~ $ 9.65 | TPBA - TPB Acquisition Corporation I (Pre-Deal)
.52% ~ $ 9.70 | CNDA - Concord Acquisition Corp II (Pre-Deal)
.52% ~ $ 9.74 | INAQ - Insight Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.75 | FTPA - FTAC Parnassus Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.79 | PGRW - Progress Acquisition Corp. (Pre-Deal)

Biggest Losers

-11.79% ~ $ 7.41 | ENNV - ECP Environmental Growth Opportunities Corp. (Announced)
-7.85% ~ $ 8.22 | CCAC - CITIC Capital Acquisition Corp (Announced)
-1.91% ~ $ 9.75 | FWAC - Fifth Wall Acquisition Corp. III (Pre-Deal)
-1.84% ~ $ 10.12 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
-1.55% ~ $ 10.17 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
-1.12% ~ $ 9.70 | STET - ST Energy Transition I Ltd. (Pre-Deal)
-1.00% ~ $ 9.89 | ALOR - ALSP Orchid Acquisition Corp I (Pre-Deal)
-.90% ~ $ 9.88 | SCVX - SCVX Corporation (Pre-Deal)
-.90% ~ $ 9.90 | MTVC - Motive Capital Corp II (Pre-Deal)
-.82% ~ $ 9.62 | LOCC - Live Oak Crestview Climate Acquisition Corp. (Pre-Deal)
-.72% ~ $ 9.61 | BWC - Blue Whale Acquisition Corp I (Pre-Deal)
-.72% ~ $ 9.66 | GXII - GX Acquisition Corp. II (Pre-Deal)
-.72% ~ $ 9.70 | MSDA - MSD Acquisition Corp. (Pre-Deal)
-.71% ~ $ 9.80 | PACI - PROOF Acquisition Corp I (Pre-Deal)
-.71% ~ $ 9.84 | ACAH - Atlantic Coastal Acquisition Corp. (Announced)
-.51% ~ $ 9.67 | PMGM - Priveterra Acquisition Corp. (Pre-Deal)
-.42% ~ $ 9.59 | DALS - DA32 Life Science Tech Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.61 | AFTR - AfterNext HealthTech Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.61 | SMIH - Summit Healthcare Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.65 | RXRA - RXR Acquisition Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

We've been talking for months now how redemptions in SPACs have been skyrocketing averaging ~80% for the month of January. This has been a large part why deSPAC companies have been performing so poorly off the bat. As a result, we're starting to see SPACs approaching merger vote fall more drastically than we've seen in the past, once the $10 floor goes away (ex-redemption). 

As evidenced by the price moves today for 5 SPACs that vote early next week:

• CCAC down -9.99% to $8.92
• ENNV down -10.54% to $8.40
• IVAN down -17.94% to $8.19
• MCMJ down -28.43% to $7.15
• ENVI down -5.55% to $9.44

All 5 of these SPACs seem to be at risk for a very elevated redemption number. Traders are such anticipating a potential gamma squeeze and are positioning accordingly. Remember, prices on low-float highly, redeemed SPACs tend to move fast and furiously. 

Recent De-SPACs a Sea of Red

However, a friendly reminder Robinhood (HOOD) is not a member of the deSPAC club.

Elsewhere in SPACs

De-SPACs closed

• Bill Foley's Trebia Acquisition Corp (TREB) officially closed its deal with System1 and will begin trading tomorrow, 1/28, as SST
• Sports Entertainment Acquisition Corp (SEAH) also officially closed its deal with Super Group and will begin trading under its new ticker tomorrow SGHC

Extension Votes:

• SCVX Corp (SCVX) approved extension out to July-28, but 84% of the SPAC's shares (19.2M) redeemed
• Lionheart Acquisition Corp II (LCAP) approved extension out to Aug-18 and saw 47% of the SPAC's shares (10.9M) redeem. They have a pending deal with MSP Recovery, reminder that is valued at a whopping $32.6B EV

Merger Announcements:

• Breeze Holdings Acquisition Corp (BREZ) is taking space solutions company D-Orbit public in a $1.2B deal. $5.5M of PIPE and $59M of converts in the financing. BREZ warrants fell ~30% on the day to $0.26
• Abri SPAC I (ASPA) struck a deal with digital assets trading platform Apifiny in a $530M deal with no PIPE. ASPA has just $57M in trust. Its warrants also took a 12.5% hit on the news to $0.42 

SPAC Calendar

Jan 31 | $ 8.92 | CCAC - CITIC Capital Acquisition Corp --> Quanergy Systems
Jan 31 | $ 8.40 | ENNV - ECP Environmental Growth Opportunities Corp. --> Fast Radius, Inc.
Feb 01 | $ 7.15 | MCMJ - Merida Merger Corp. I --> Leafly Holdings, Inc.
Feb 01 | $ 9.25 | ENVI - Environmental Impact Acquisition Corp. --> Greenlight Biosciences Inc.
Feb 01 | $ 8.19 | IVAN - Ivanhoe Capital Acquisition Corp --> SES Holdings
Feb 03 | $ 9.97 | SBEA - SilverBox Engaged Merger Corp I --> Black Rifle Coffee Company
Feb 08 | $ 10.17 | TVAC - Thayer Ventures Acquisition Corporation --> Inspirato LLC
Feb 09 | $ 9.97 | GCAC - Growth Capital Acquisition Corp. --> Cepton Technologies, Inc
Feb 09 | $ 9.97 | MBAC - M3-Brigade Acquisition II Corp --> Syniverse Corp

Today's Price Action

Biggest Gainers

2.16% ~ $ 9.94 | FWAC - Fifth Wall Acquisition Corp. III (Pre-Deal)
1.63% ~ $ 9.96 | TLGY - TLGY Acquisition Corp (Pre-Deal)
1.14% ~ $ 9.74 | PEGR - Project Energy Reimagined Acquisition Corp. (Pre-Deal)
1.13% ~ $ 9.99 | ALOR - ALSP Orchid Acquisition Corp I (Pre-Deal)
1.12% ~ $ 9.91 | ACAH - Atlantic Coastal Acquisition Corp. (Announced)
.93% ~ $ 9.74 | ARYE - ARYA Sciences Acquisition Corp V (Pre-Deal)
.88% ~ $ 10.33 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
.83% ~ $ 9.70 | LOCC - Live Oak Crestview Climate Acquisition Corp. (Pre-Deal)
.82% ~ $ 9.69 | SEDA - SDCL EDGE Acquisition Corp (Pre-Deal)
.72% ~ $ 9.77 | MSDA - MSD Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.81 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.85 | ARIZ - Arisz Acquisition Corp. (Announced)
.61% ~ $ 9.91 | NPAB - New Providence Acquisition Corp. II (Pre-Deal)
.60% ~ $ 10.05 | OCAX - OCA Acquisition Corp (Pre-Deal)
.58% ~ $ 9.88 | GMBT - Queen’s Gambit Growth Capital (Announced)
.51% ~ $ 9.79 | CCVI - Churchill Capital Corp VI (Pre-Deal)
.46% ~ $ 9.87 | WALD - Waldencast Acquisition Corp. (Announced)
.42% ~ $ 9.64 | HCVI - Hennessy Capital Investment Corp. VI (Pre-Deal)
.41% ~ $ 9.73 | GXII - GX Acquisition Corp. II (Pre-Deal)
.41% ~ $ 9.79 | KLAQ - KL Acquisition Corp (Pre-Deal)

Biggest Losers

-28.43% ~ $ 7.15 | MCMJ - Merida Merger Corp. I (Announced)
-22.60% ~ $ 10.31 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
-17.94% ~ $ 8.19 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)
-10.54% ~ $ 8.40 | ENNV - ECP Environmental Growth Opportunities Corp. (Announced)
-9.99% ~ $ 8.92 | CCAC - CITIC Capital Acquisition Corp (Announced)
-7.41% ~ $ 9.25 | ENVI - Environmental Impact Acquisition Corp. (Announced)
-4.27% ~ $ 66.43 | DWAC - Digital World Acquisition Corp. (Announced)
-3.75% ~ $ 10.26 | GGPI - Gores Guggenheim, Inc (Announced)
-2.03% ~ $ 11.12 | CFVI - CF Acquisition Corp. VI (Announced)
-1.82% ~ $ 9.70 | LCW - Learn CW Investment Corp (Pre-Deal)
-1.70% ~ $ 9.84 | OLIT - OmniLit Acquisition Corp. (Pre-Deal)
-1.53% ~ $ 9.65 | BGSX - Build Acquisition Corp. (Pre-Deal)
-1.40% ~ $ 9.87 | LGST - Semper Paratus Acquisition Corp (Pre-Deal)
-1.30% ~ $ 9.87 | PACI - PROOF Acquisition Corp I (Pre-Deal)
-1.25% ~ $ 10.30 | ESSC - East Stone Acquisition Corporation (Announced)
-1.12% ~ $ 9.70 | STET - ST Energy Transition I Ltd. (Pre-Deal)
-1.12% ~ $ 9.73 | SAMA - Schultze Special Purpose Acquisition Corp. II (Pre-Deal)
-1.11% ~ $ 9.81 | INTE - Integral Acquisition Corp 1 (Pre-Deal)
-1.02% ~ $ 9.73 | BLSA - BCLS Acquisition Corp. (Pre-Deal)
-.91% ~ $ 9.80 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

The SPAC market has been reeling, and we've been talking about how there are just too many SPACs in the market. Even though new deal activity was low at the end of 2021, the IPOs just kept on rolling in. The tone thus far has been decidedly different in January with just 22 priced thus far vs. 50+ each month from October - December 2021. There are still a few days left in January but the last month to print <30 SPAC IPOs was July when, presumably, capital markets are much slower. 

In addition, several issuers have been withdrawing their IPO requests with the latest coming from TCG Growth, Murphy Canyon, and CAVU Tech all pulling their pre-IPO registration statements. Low issuance, and sponsors cancelling IPO plans signals that the primary market will likely remain at limited issuance until sentiment improves and the SPAC market clears out a bit. 

Chamath Strikes Second SPAC Deal of 2022 with DNAA

Last week Chamath Palihapitiya announced his first SPAC deal in a year with DNAC taking ProKidney public. Today, amid a very quiet SPAC deal market, he announced his second one with Social Capital Suvretta Holdings I (DNAA) striking a $516M EV deal with Akili Interactive Labs. 

See the deal deck here. 

The deal includes a fully committed $162M PIPE from the likes of Suvretta, Apeiron, Temasek and others. DNAA shares traded up 1.9% and still trade at a decent discount to its NAV at $9.80. As a reminder, the Social Capital Suvretta line of SPACs all priced without warrants when they IPOed in June (imagine that in today's market). 

With 2 of the 4 Suvretta SPACs having announced deals that just leaves DNAB (Oncology) and DNAD (Immunology) to find targets. 

Elsewhere in SPACS

In a growing trend of cancelled deals, Omnichannel Acquisition (OCA) and Kin Insurance mutually agreed to terminate their business combination due to "market conditions". They were set to vote Feb-1. It's the second cancelled deal if the year and 11th since November. OCA warrants are tanking AH down ~30% to just $0.28. 

Sports Entertainment Acquisition Corp (SEAH) and Super Group shareholders approved their deal and the company will likely close 1/27 and trade as SGHC on Friday 1/28. Redemptions were a relatively low 55%, given the current climate. 

ACE Convergence Acquisition Corp (ACEV) shareholders agreed to extend the SPAC's deadline out till July-2022 to complete its merger with Tempo Automation, but 64% of the SPAC's shareholders elected to redeem. 

Sky Harbour Group Corporation (SKYH) began their first day of trading under its new ticker following its combination with Yellowstone Acquisition Corp (YSAC), and shares fell a little over 3% to close at $8.35. We recently spoke with CEO Tal Keinan on the podcast about the business. 

Satellogic (SATL) also completed their first day of trading following its merger with CF Acquisition Corp (CFV). The company also disclosed 90%+ in redemptions, and shares closed down nearly 12% at $8.10. 

Today's Price Action

Biggest Gainers

2.16% ~ $ 9.94 | FWAC - Fifth Wall Acquisition Corp. III (Pre-Deal)
1.87% ~ $ 9.80 | DNAA - Social Capital Suvretta Holdings Corp. I (Announced)
1.43% ~ $ 10.66 | GGPI - Gores Guggenheim, Inc (Announced)
1.32% ~ $ 10.01 | LGST - Semper Paratus Acquisition Corp (Pre-Deal)
1.14% ~ $ 9.80 | BGSX - Build Acquisition Corp. (Pre-Deal)
1.03% ~ $ 9.73 | PSPC - Post Holdings Partnering Corporation (Pre-Deal)
1.02% ~ $ 9.90 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.88% ~ $ 10.31 | HUGS - USHG Acquisition Corp. (Announced)
.82% ~ $ 9.88 | MCAE - Mountain Crest Acquisition Corp. III (Pre-Deal)
.67% ~ $ 9.79 | PTIC - PropTech Investment Corporation II (Pre-Deal)
.62% ~ $ 9.81 | BHAC - Crixus BH3 Acquisition Corp. (Pre-Deal)
.59% ~ $ 69.39 | DWAC - Digital World Acquisition Corp. (Announced)
.57% ~ $ 9.95 | GSQD - G Squared Ascend I Inc. (Announced)
.51% ~ $ 9.77 | GLTA - Galata Acquisition Corp (Pre-Deal)
.51% ~ $ 9.80 | ARBG - Aequi Acquisition Corp (Pre-Deal)
.51% ~ $ 9.80 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.82 | ACTD - ArcLight Clean Transition Corp. II (Announced)
.51% ~ $ 9.83 | DYNS - Dynamics Special Purpose Corp. (Announced)
.51% ~ $ 9.83 | BLSA - BCLS Acquisition Corp. (Pre-Deal)

Biggest Losers

-6.10% ~ $ 9.39 | ENNV - ECP Environmental Growth Opportunities Corp. (Announced)
-4.17% ~ $ 13.32 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
-2.74% ~ $ 11.35 | CFVI - CF Acquisition Corp. VI (Announced)
-2.08% ~ $ 9.90 | MLAI - McLaren Technology Acquisition Corp. (Pre-Deal)
-1.82% ~ $ 9.70 | LCW - Learn CW Investment Corp (Pre-Deal)
-1.39% ~ $ 9.90 | GOGN - GoGreen Investments Corp (Pre-Deal)
-1.39% ~ $ 9.91 | CCAC - CITIC Capital Acquisition Corp (Announced)
-1.30% ~ $ 9.87 | PACI - PROOF Acquisition Corp I (Pre-Deal)
-1.10% ~ $ 9.90 | IOAC - Innovative International Acquisition Corp. (Pre-Deal)
-1.02% ~ $ 9.72 | ASAX - Astrea Acquisition Corp. (Announced)
-.98% ~ $ 9.82 | GMBT - Queen’s Gambit Growth Capital (Announced)
-.87% ~ $ 8.01 | SEAH - Sports Entertainment Acquisition Corp (Announced)
-.71% ~ $ 9.80 | ACAH - Atlantic Coastal Acquisition Corp. (Announced)
-.62% ~ $ 9.69 | CLRM - Clarim Acquisition Corp. (Pre-Deal)
-.60% ~ $ 9.86 | MTAC - MedTech Acquisition Corporation (Announced)
-.60% ~ $ 9.90 | AHPA - Avista Public Acquisition Corp. II (Pre-Deal)
-.52% ~ $ 9.65 | MTAL - Metals Acquisition Corp (Pre-Deal)
-.52% ~ $ 9.65 | XPAX - XPAC Acquisition Corp (Pre-Deal)
-.51% ~ $ 9.66 | RACB - Research Alliance Corp. II (Pre-Deal)
-.51% ~ $ 9.66 | POND - Angel Pond Holdings Corp (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

SPAC market sentiment is about as low as it has been in quite some time. This may be epitomized by a combination of Jim Cramer's latest SPAC related tweets, the continuing, elevated redemption rates, and both common and warrant prices for the average SPAC continuing to fall.

For the record though, this market meltdown is about more than just SPACs and recent IPOs haven't fared much better either.

Elsewhere in SPAC Land

• The average pre-deal SPAC is now trading around $9.79 and 83% are now under $10. 
• SPAC issuance will likely end lower in January, again slowing after a small run up through November of 2021. This is good news for the market, and even slower issuance in February would be welcome.
• The average pre-deal warrant is now down to $0.49. There will certainly be opportunities for those investing in SPAC warrants, but given the likely increase in liquidations and the lower volumes, they remain high risk.
• Sports Entertainment Acquisition (SEAH) has its shareholder vote tomorrow, Wednesday the 26th. It closed Tuesday at $8.08 after dropping into the $8s after going ex-redemption several days ago.
• YSAC / SKYH released redemption numbers of 89% of trust (12.06M shares). Incredibly, while this is another high number, it isn't among the highest the SPAC market has seen recently. It will officially trade as SKYH tomorrow, Jan 26th.
• CFV will officially trade as Satellogic (SATL) starting tomorrow Jan 26th

Latest Podcast

Read the full report on Black Rifle Coffee and hear the podcast at Boardroom Alpha.

SPAC Calendar

Jan 26 | $ 8.08 | SEAH - Sports Entertainment Acquisition Corp --> Super Group
Jan 31 | $ 10.00 | ENNV - ECP Environmental Growth Opportunities Corp. --> Fast Radius, Inc.
Jan 31 | $ 10.05 | CCAC - CITIC Capital Acquisition Corp --> Quanergy Systems
Feb 01 | $ 9.96 | OCA - Omnichannel Acquisition Corp --> Kin
Feb 01 | $ 9.98 | ENVI - Environmental Impact Acquisition Corp. --> Greenlight Biosciences Inc.
Feb 01 | $ 9.99 | MCMJ - Merida Merger Corp. I --> Leafly Holdings, Inc.
Feb 01 | $ 9.97 | IVAN - Ivanhoe Capital Acquisition Corp --> SES Holdings
Feb 03 | $ 9.98 | SBEA - SilverBox Engaged Merger Corp I --> Black Rifle Coffee Company
Feb 08 | $ 10.17 | TVAC - Thayer Ventures Acquisition Corporation --> Inspirato LLC
Feb 09 | $ 9.97 | GCAC - Growth Capital Acquisition Corp. --> Cepton Technologies, Inc
Feb 09 | $ 9.97 | MBAC - M3-Brigade Acquisition II Corp --> Syniverse Corp
Feb 14 | $ 9.96 | ROCR - ROTH CH ACQUISITION III CO --> QualTek
Feb 15 | $ 9.97 | HCCC - Healthcare Capital Corp. --> Alpha Tau Medical Ltd.

Today's Price Action

Biggest Gainers

27.64% ~ $ 13.90 | VMAC - Vistas Media Acquisition Company Inc.
5.25% ~ $ 9.22 | TREB - Trebia Acquisition Corp (Announced)
2.63% ~ $ 68.98 | DWAC - Digital World Acquisition Corp. (Announced)
1.89% ~ $ 8.08 | SEAH - Sports Entertainment Acquisition Corp (Announced)
1.75% ~ $ 9.88 | LCW - Learn CW Investment Corp (Pre-Deal)
1.41% ~ $ 10.04 | GOGN - GoGreen Investments Corp (Pre-Deal)
1.34% ~ $ 9.84 | AKIC - Sports Ventures Acquisition Corp. (Announced)
1.11% ~ $ 10.01 | IOAC - Innovative International Acquisition Corp. (Pre-Deal)
1.03% ~ $ 9.78 | ALCC - AltC Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.73 | KSI - Kadem Sustainable Impact Corporation (Pre-Deal)
.61% ~ $ 9.89 | ROCG - Roth CH Acquisition IV Co. (Pre-Deal)
.61% ~ $ 9.96 | ROCR - ROTH CH ACQUISITION III CO (Announced)
.59% ~ $ 10.22 | HUGS - USHG Acquisition Corp. (Announced)
.52% ~ $ 9.71 | TSPQ - TCW Special Purpose Acquisition Corp (Pre-Deal)
.52% ~ $ 9.71 | POND - Angel Pond Holdings Corp (Pre-Deal)
.52% ~ $ 9.72 | OHPA - Orion Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.75 | CLRM - Clarim Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.76 | GTPB - GORES TECHNOLOGY PARTNERS II, INC. (Pre-Deal)
.51% ~ $ 9.77 | VII - 7GC & Co. Holdings Inc. (Pre-Deal)
.51% ~ $ 9.79 | ARIZ - Arisz Acquisition Corp. (Announced)

Biggest Losers

-2.91% ~ $ 11.67 | CFVI - CF Acquisition Corp. VI (Announced)
-2.88% ~ $ 10.11 | MLAI - McLaren Technology Acquisition Corp. (Pre-Deal)
-2.11% ~ $ 9.74 | IGTA - Inception Growth Acquisition Ltd (Pre-Deal)
-1.70% ~ $ 9.82 | STET - ST Energy Transition I Ltd. (Pre-Deal)
-1.32% ~ $ 9.72 | EDNC - Endurance Acquisition Corp. (Pre-Deal)
-1.22% ~ $ 9.70 | FTPA - FTAC Parnassus Acquisition Corp. (Pre-Deal)
-1.02% ~ $ 9.63 | PSPC - Post Holdings Partnering Corporation (Pre-Deal)
-1.01% ~ $ 9.78 | DYNS - Dynamics Special Purpose Corp. (Announced)
-1.01% ~ $ 9.80 | MCAE - Mountain Crest Acquisition Corp. III (Pre-Deal)
-.93% ~ $ 9.62 | APTM - Alpha Partners Technology Merger Corp. (Pre-Deal)
-.93% ~ $ 9.63 | GOBI - Gobi Acquisition Corp. (Pre-Deal)
-.91% ~ $ 9.80 | AEAE - AltEnergy Acquisition Corp (Pre-Deal)
-.90% ~ $ 9.89 | PAFO - Pacifico Acquisition Corp. (Pre-Deal)
-.82% ~ $ 9.62 | SEDA - SDCL EDGE Acquisition Corp (Pre-Deal)
-.81% ~ $ 9.77 | ACTD - ArcLight Clean Transition Corp. II (Announced)
-.81% ~ $ 9.84 | IPOF - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
-.72% ~ $ 9.62 | BSAQ - Black Spade Acquisition Co (Pre-Deal)
-.72% ~ $ 9.72 | MDH - MDH Acquisition Corp. (Announced)
-.62% ~ $ 9.68 | DISA - Disruptive Acquisition Corp I (Pre-Deal)
-.61% ~ $ 9.85 | APN - Apeiron Capital Investment Corp. (Pre-Deal)

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Coffee Company or Lifestyle Brand? Black Rifle Coffee Set for Vote on SPAC Deal with SBEA
• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

Tom Davin is the Co-CEO of Black Rifle Coffee. Tom is also a former US Marine that has a long history in both running both restaurants and consumer companies having been in leadership roles at Taco Bell, Panda Express, Pepsi and 5.11.

Joe Reece, is the executive chairman of the SilverBox Engaged SPAC, who is merging with Black Rifle. 

They both joined the Know Who Drives Return to discuss Black Rifle Coffee, the merger, and their vision for the company. 

Check out the full Boardroom Alpha writeup and podcast here.

Key Points

• Mission-driven with extremely loyal customer base, low churn and high net promoter scores
• Plans to expand beyond subscription coffee with expansion of physical stores, ready to drink (RTD) product, and wholesale
• Strong branding and recognition, supplementing core business with merchandising
• History of operations and growth in restaurants from Tom Davin, and a leadership team built of Veterans
• Significant competition in the beverage space, capital intensive to build physical outposts
• Low growth projections for subscription part of the business
• $300M of guaranteed financing consisting of $100M PIPE, $100M FPA, and $100M share backstop to meet min cash conditions

SilverBox Engaged Merger Corp (SBEA) shares are hovering around NAV as the company approaches its merger vote on February 3rd. 

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.

Monthly SPAC Market Review

• SPAC Market Review - December 2021
• SPAC Market Review - November 2021

Exec Moves (all issues)

• CEO / CFO / Director Resignations & Appointments | Jan 14, 2022
• CEO / CFO / Director Resignations & Appointments | Dec 31, 2021

The Know Who Drives Return Podcast (all episodes)

• Tal Keinan on Sky Harbour and merger with Yellowstone Acquisition (YSAC)
• Rangeley’s Chris DeMuth Jr. on Value Investing and SPACs
• Sonder's Francis Davidson on Re-Designing Hospitality and GMII Merger
• Amy Nauiokas on FinTech VC, SPACs, Diversity, and Anthemis Digital (ADAL)
• Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal with VPCC
• Tim Hentschel on HotelPanner Merger Astrea Acquisition (ASAX)
• Greenbox POS Talking Blockchain and Stablecoin Coyni
• SPAC Sponsor Spotlight: Live Oak Merchant Partners
• BM Technologies’ (BMTX) Luvleen Sidhu on Becoming a Bank and FinTech Evolution
• Will SeatGeek’s Primary Strategy Propel them to Ticketing Victory?
• Why Navitas Semiconductor (NVTS) Is the Next Big Thing in Chips with CEO Gene Sheridan
• Chad Rigetti on why Superconducting and Rigetti is the Best Bet on Quantum Computing

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)

----------------------------------------------------
Free Investor Resources from Boardroom Alpha
----------------------------------------------------
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing
** SPAC Market Review - December 2021

While stocks whipsawed their way through the day, ultimately finishing up following a large early drop, SPACs mostly stayed on the sideline. Another day of no deal announcements and IPOs is becoming an all-too-familiar story thus far in 2022. 

Gores Metropolous II and Sonder (SOND) finally released their redemption figures (vote was back on 1/14) which came out to a very high 96% of the SPAC's trust or $433.5M in funds redeemed. SOND, which was down ~13% today, is ticking back up a little in after-market trading. 

For Gores, one of the most trusted and experienced SPAC sponsors, this marks by far the highest level of redemptions that they have seen on a SPAC deal. It's a sign of the times in SPAC land right now, low confidence in the performance of all deals is putting even the most trusted sponsors at risk of high redemptions. 

Elsewhere in SPACs

Novus Capital Corp. II (NXU) and Energy Vault set a Feb-10 date for their merger vote. NXU closed near NAV at $9.96.

Broadscale Acquisition (SCLE) filed a preliminary S-4 for its Voltus deal, no meeting date is set yet.

SPAC Calendar

Following CFV's vote today, tomorrow comes Yellowstone Acquisition (YSAC) and Sky Harbour. YSAC already hit the ex-redemption technical last week, and is trading in the $8s right now. 

Jan 25 | $ 8.34 | YSAC - Yellowstone Acquisition Co --> Sky Harbour LLC
Jan 26 | $ 7.93 | SEAH - Sports Entertainment Acquisition Corp --> Super Group
Jan 31 | $ 9.99 | ENNV - ECP Environmental Growth Opportunities Corp. --> Fast Radius, Inc.
Jan 31 | $ 10.05 | CCAC - CITIC Capital Acquisition Corp --> Quanergy Systems
Feb 01 | $ 9.97 | OCA - Omnichannel Acquisition Corp --> Kin
Feb 01 | $ 9.98 | ENVI - Environmental Impact Acquisition Corp. --> Greenlight Biosciences Inc.
Feb 01 | $ 9.99 | MCMJ - Merida Merger Corp. I --> Leafly Holdings, Inc.
Feb 01 | $ 9.98 | IVAN - Ivanhoe Capital Acquisition Corp --> SES Holdings
Feb 03 | $ 9.97 | SBEA - SilverBox Engaged Merger Corp I --> Black Rifle Coffee Company

Today's Price Action

Biggest Gainers

5.26% ~ $ 10.41 | MLAI - McLaren Technology Acquisition Corp. (Pre-Deal)
5.25% ~ $ 9.22 | TREB - Trebia Acquisition Corp (Announced)
1.59% ~ $ 10.89 | VMAC - Vistas Media Acquisition Company Inc. (Announced)
1.43% ~ $ 9.96 | GLBL - Cartesian Growth Corporation (Announced)
1.35% ~ $ 12.02 | CFVI - CF Acquisition Corp. VI (Announced)
1.34% ~ $ 9.85 | EDNC - Endurance Acquisition Corp. (Pre-Deal)
.92% ~ $ 9.90 | ARYD - ARYA Sciences Acquisition Corp IV (Announced)
.88% ~ $ 10.32 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
.62% ~ $ 9.72 | GOBI - Gobi Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.67 | ALPA - ALPHA HEALTHCARE ACQUISITION CORP III (Pre-Deal)
.52% ~ $ 9.75 | FWAC - Fifth Wall Acquisition Corp. III (Pre-Deal)
.51% ~ $ 9.80 | BIOT - Biotech Acquisition Company (Announced)
.51% ~ $ 9.89 | EJFA - EJF Acquisition Corp (Announced)
.51% ~ $ 9.90 | GTAC - Global Technology Acquisition Corp. I (Pre-Deal)
.46% ~ $ 9.75 | CPAA - Conyers Park III Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.75 | IBER - Ibere Pharmaceuticals (Pre-Deal)
.41% ~ $ 9.77 | PTIC - PropTech Investment Corporation II (Pre-Deal)
.41% ~ $ 9.81 | ITHX - ITHAX Acquisition Corp. (Announced)
.41% ~ $ 9.84 | MCAF - Mountain Crest Acquisition Corp. IV (Pre-Deal)
.41% ~ $ 9.88 | BRD - Beard Energy Transition Acquisition Corp. (Pre-Deal)