Boardroom Alpha Digest: Thurs, Feb 23

by | Feb 23, 2023

Executive News

  • Foot Locker (FL) named Robert Higginbotham as interim CFO following the departure of Andrew Page, who the company terminated “without cause under the terms of his employment arrangement and the Company’s benefit plans”
  • Gregory D. Smith, former CEO of Boeing, will assume the role of Chairman of American Airlines (AAL) following former AAL CEO Doug Parker’s retirement from the board.
  • Belden Inc. (BDC) named Ashish Chand as its new CEO taking over from Roel Vestjens who resigned

Activism

  • Dan Loeb and Third Point have positioned that they intend to launch a proxy fight at Bath and Body Works (BBWI), and plans to nominate a shareholder nominee to the company’s board

IPOs Upcoming

  • NYIX, INC. (NYX) is expected to price ~$9-10M IPO at $5 per share on 2/24
  • NAVA HEALTH MD, LLC (NAVA) is looking to price $8.1M at $6 per share on 2/28

SPACs

  • Insurers are said to receive a small win in the Social Capital Hedosophia Holdings III / Clover Health (CLOV) SPAC D&O Case
  • Decarbonization Plus Acquisition Corp. IV (DCRD) and Hammerhead Resources finally closed their business combination, and shares will trade as HHRS on Monday, 2/27
  • Warburg Pincus is shutting down their SPACs as both I-A and 1-B will liquidate

SPAC Calendar

Recent Analysis

Daily SPAC Update – May 10, 2025

Goal Acquisition and CrownProptech Acquisition Extensions Approved. Investcorp AI Extension Vote Today. BSII, BNIX, IGTA Deal/Extension Votes Set. RENE Delisting.

Daily SPAC Update – May 9, 2025

EGH Acquisition $150M SPAC IPO. Mountain & Co Extension Vote. ClimateRock Extends with $25M Redeemed. Buja DeSPACs to Global IBO (GIBO).

Daily SPAC Update – May 7, 2025

Dune Acquisition II $125M SPAC IPO. Distoken and Winvest Deal Vote Delays. DT Cloud Sets Date to Vote on Extension Fee Changes. Healthcare AI Extension Approved w/ $3M Redeemed.

Daily SPAC Update – May 6, 2025

May Starts Hot for SPAC IPOs. Hennessy Capital VI + Namib Minerals Deal Vote. Alpha Star + OU XData Group Approved. Investcorp AI to OTC.

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Disclaimer

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