Boardroom Alpha Digest: Thurs, Jan 19

by | Jan 19, 2023

Executive News

  • Longtime CEO (and Founder) Reed Hastings is stepping down as Co-CEO, but will remain as Executive Chairman for streaming giant Netflix Inc. (NFLX). COO Greg Peters has been promoted to Co-CEO alongside Ted Sarandos.
  • Kinder Morgan (KMI) CEO Steve Kean will step down in August and President Kim Dang will take over
  • John W. Gibson, Jr. has “transitioned” out of the roles of CEO and Chairman of Flotek Industries (FTK). Board member Harsha V. Agadi will be interim CEO while the company searches for a permanent replacement, and David Nierenberg has been named chairman.

Activist Situations

  • Trian Fund Management and Walt Disney Co. (DIS) continue to battle, and Trian today filed a collection of media content that appears to be in favor of Trian and/or Disney accepting Nelson Peltz as an addition to its board.

IPOS

  • Cadrenal Therapeutics (CVKD) is expected to price an IPO and trade tomorrow, January 20th, for an offering size of ~$7M

SPACs

  • Thrive Acquisition Corp. (THAC) announced that it will liquidate on 1/25 @ $10.36 per share
  • Broad Capital Acquisition Corp. (BRAC) announced a definitive agreement with Australian based Openmarkets Group for a $90M enterprise valuation.
  • Adara Acquisition Corp. (ADRA) shareholders approved its merger with Alliance Entertainment though, as mentioned earlier in the week, closing is subject to meeting or waiving of certain conditions including min cash and being listed on a major exchange. Both are in risk due to the high level of redemptions

SPAC Calendar

Recent Analysis

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.

Daily SPAC Update – January 7, 2026

Soren Acquisition IPO Makes it 3 Already in January. Compass Digital Announced Deal with Key Mining. Welsbach Technology DeSPACs to Evolution Metals.

Daily SPAC Update – January 6, 2026

Lawrence Ho Brings Black Spade III to the Market while Daniel Cohen Launches $220M SPAC. Wellsbach and Metal Sky Extensions Approved. Blueport and Allusa Energy Separate Trading.

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