Boardroom Alpha Digest: Wed, Feb 8

by | Feb 8, 2023

Executive News

  • Zoom Video Communications (ZM) announced a 15% reduction in its workforce. In addition, CEO Eric Yuan will take a temporary 98% salary pay cut to $10,000. Yuan’s annual cash salary has averaged just ~$300k over the last few years.
  • Earlier this week Carlyle Group (CG) announced that former Goldman Sachs (GS) CFO Harvey Schwartz would be taking over as the company’s CEO

Activist News

  • Amidst a proxy fight with Trian, Walt Disney Co. (DIS) announced that it will cut ~7k jobs as part of a $5.5B cost savings plan.
  • The WSJ is reporting that Dan Loeb’s Third Point LLC has also taken a stake in Salesforce Inc. (CRM), joining Starboard, Elliott, and ValueAct

SPACs

  • Mountain Crest Acquisition Corp. III (MCAE) shareholders approved ETAO International deal, no word on closing or redemptions
  • Summit Healthcare Acquisition Corp. (SMIH) set a definitive merger vote date for its YishengBio deal of 3/1
  • GX Acquisition Corp. II (GXII) and NioCorp set 3/10 its shareholder vote on the business combination
  • GSR II Meteora Acquisition Corp. (GSRM) and Bitcoin Depot set 3/30 as the date for their shareholder vote

SPAC Calendar

Recent Analysis

Daily SPAC Update – August 29, 2025

Breeze DeSPACs to YD BioPharma. New Sponsor/Team at Armada Acquisition II. NMP Acquisition Separate Trading. Cantor / BSTR Release New Investor Deck.

Daily SPAC Update – August 28, 2025

Meteora’s Vikas Mittal files for Bitcoin Infrastructure Acquisition $200M IPO. DT Cloud Acquisition Extension Approved. Corner Growth Asking Shareholders to Approve Capital Increase.

Daily SPAC Update – August 27, 2025

Another Crytpo SPAC Deal as Trump + Crypto.com Team Up. M3-Brigade IPOs Another SPAC. Calm Digital IPOs for $200M. Dynamix Ticker Change Pre-DeSPAC.

Daily SPAC Update – August 26, 2025

Alchemy + Cartiga and Inflection Point III + A1R WATER Deals Announced. Southport + Angel Studios Deal Approved. New Deal Deck for Ares II and Kodiak.

Daily SPAC Update – August 25, 2025

Southport Acquisition + Angel Studios Deal Vote. FG Merger II + Boxable Investor Presentation. DECA Securities Purchase Agreement. AParadise Acquisition Separate Trading.

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