SVFC / Symbotic Approved

by | Jun 6, 2022

SPACs are busy with 4 merger votes this week. Fingers crossed…lots of extension votes. And the rest of the day’s news in SPACs.

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

SVFC / Symbotic Merger Approved

SVF Investment Corp. 3 (SVFC) approves merger with robotics and automation specialist Symbotic. 27.5M shares redeemed (85.1%).

ACKI: Extension Vote

Ackrell SPAC Partners I Co. (ACKI) announces June 21 special meeting to vote on extension to close transaction with Blackstone Products.

OTEC Extends Deadline

Concord Acquisition Corp. (CND) announces it will extend from June 10 to December 10, depositing $0.10 per share ($2,760,000).

Elsewhere in SPACs

  • HPX Corp. (HPX) looking to get an extension from July-January 2023. Doesn’t look like any info on contribution (if any). HPX is looking for a deal in Brazil.

Boardroom Alpha SPAC Market Review for May

Time is running out as SPACs scramble to finance deals at almost any cost. Expect more deSPAC duds as sponsors push low-quality companies at onerous valuations — for the simple purpose of protecting at-risk capital. Full report here.

SPAC Calendar

Source: Boardroom Alpha

More from Boardroom Alpha

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

Recent Analysis

Daily SPAC Update – May 1, 2025

Two SPAC IPOs to Start May — Republic Digital Upsized to $264M and Copley at $150M. ClimateRock Extension Vote. Aimfinity Delisting. Distoken Deal Vote Postponed.

Daily SPAC Update – April 30, 2025

AltEnergy Extends to May 2026. ClimateRock, Healthcare AI, Clean Energy Special Situations Extension Votes. Distoken and Chenghe Postpone Deal Votes.

Daily SPAC Update – April 29, 2025

Black Hawk Deal with Vesicor Therapeutics. Integrated Rail & Resources and Rigel Resource Set Extension Votes. Healthcare AI Acquisition Adjourns Vote to April 30.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.