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 – 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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