Alvotech Puts Iceland on the SPAC Map

by | Jun 16, 2022

Telehealth-related DA for DHAC, a deal termination for AKIC / DNEG. And the rest of the day’s news in SPACs.

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Alvotech Debuts today

Icelandic biopharma Alvotech (ALVO) deSPAC’d today from Oaktree Acquisition Corp. II. The public listing ($293M market cap) is the largest debut on a US stock exchange by an Icelandic company. Shares closed at $10.95.

SPAC Deal: DHAC / VSee Lab

Digital Health Acquisition Corporation (DHAC) announces DA with VSee Lab, a telehealth software company and iDoc Telehealth Solutions, a leading neurocritical care and intensive care telehealth provider. The transaction values the company at an enterprise value of $110M.

June Deal Announcements

Source: Boardroom Alpha

VGII Closes Merger with Grove Collaborative; GROV to trade tomorrow

Virgin Group Acquisition Corp. II (VGII) closes its merger with Grove Collaborative.The transaction included a $86M PIPE and $50M backstop; likely to see high redemptions. The sustainable consumer products company trades tomorrow on the NYSE as GROV.

SPAC Deal Termination: AKIC/ DNEG

Sports Ventures Acquisition Corp. (AKIC) and visual effects and animation company DNEG terminate deal due to “unfavorable market conditions.” AKIC will continue to look for another transaction.

SPAC IPO: FLVU

Feutune Light Acquisition Corp. II (FLVU) prices $85M IPO. No business combination target noted. 

SPAC Daily Movers

Source: Boardroom Alpha

SPAC Calendar

Source: Boardroom Alpha

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<a href="https://www.boardroomalpha.com/author/joanna/" target="_self">Joanna Makris</a>

Joanna Makris

Joanna has been analyzing and investing in emerging technologies for over two decades, having led the Technology, Media, and Telecom research at several global investment banks, including Mizuho Securities and Canaccord Genuity. Navigating stock market volatility since it all began in 2000. Banjo player, artist, and frittata-maker.

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Comprehensive research and analytics on every SPAC, sponsor, and deal. Real-time alerts, yields, red flags, filings, investors, and much more. API access to institutional grade SPAC database.

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SPAC Market Review – November 2022

November’s SPAC market review paints a picture of a SPAC market rushing towards the exit with high, and accelerating liquidations, more deal terminations, and almost no new SPAC IPOs.

SPAC Research & Analysis

SPAC Market Review – November 2022

November’s SPAC market review paints a picture of a SPAC market rushing towards the exit with high, and accelerating liquidations, more deal terminations, and almost no new SPAC IPOs.

SPACs Today: Thursday, Dec 1

Pacifico Acquisition Corp. (PAFO) are the latest with high redemptions, and the rest of today’s SPAC market news.

SPAC Daily: Thursday, November 17

Cartesian Growth Corporation (GLBL) with another record challenging redemption number plus the rest of the day’s SPAC news.

SPAC Daily: Tues, November 15

DeSPAC FOXO Technologies CEO/COO gets terminated as the stock is in free fall and the rest of today’s SPAC news.

SPAC Daily: Weds, November 9

Things are slow in SPAC land, we give a rundown of today’s happenings, filings and early liquidations in today’s update.

Know Who Drives Return Podcast

Podcast: Westrock Coffee CEO Scott Ford

Join David Drapkin as he speaks to Westrock Coffee CEO Scott Ford. Westrock Coffee is going public company via a $1.1B deal with Riverview Acquisition Corporation (RVAC).

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