Boardroom Alpha Digest: Mon, Jan 23

by | Jan 23, 2023

Executive News

  • Newell Brands Inc. (NWL) announced a 13% workforce reduction as part of a cost cutting plan, joining several other companies who have recently announced layoffs. Shares closed +6% on the day.

Activist Situations

  • It has been reported that Elliott Management has taken a multi-billion dollar position in Salesforce Inc. (CRM). Elliott’s Jesse Cohn tweeted that they “look forward to working constructively”
  • Emerson Electric Co. (EMR) announced that it plans to continue to pursue its acquisition of National Instruments (NATI) without nominating a slate of directors at its upcoming annual meeting

IPOS

  • Several IPOs are on tap to potentially price this week including BullfrogAI Holdings and Lucy Scientific Discovery, Inc.
  • Cadrenal Therapeutics Inc (CVKD) fell another 5% following its IPO last week. Shares closed at $3.92 after pricing at $5.00

SPACs

  • AIB Acquisition Corp. (AIB) shareholders approved an extension out till October 2023, and just over 1M shares remain following redemptions.
  • Just under 17M shares redeemed in accordance with Stonebridge Acquisition Corp. (APAC) extension (monthly) until July 2023

SPAC Calendar

Recent Analysis

Daily SPAC Update – January 14, 2026

OneIM $250 Million SPAC IPO. New Deals Announced for Digital Asset Acquisition Corp + Old Glory Holding Co and D Boral Arc Acquisition I Corp + Exascale Labs Inc.

Daily SPAC Update – January 12, 2026

Ribbon Acquisition Extension Approved to 2027. Everest Consolidator and Clean Energy Special Situations Set Extension Votes. Crane Harbor II Separate Trading.

Daily SPAC Update – January 9, 2026

Lafayette Digital I $250 million IPO. Broad Capital and Ribbon Acquisition Extension Votes. Crane Harbor II and Twelve Seas III Separate Trading.

Daily SPAC Update – January 8, 2026

Gundlach’s Bleichroeder Acquisition II $250M SPAC IPO.  Cartica Deal with Nidar Infrastructure Terminated and Expects to Liquidate. Twelve Seas Investment Separate Trading.

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