Boardroom Alpha Digest: Tues, Jan 10

by | Jan 10, 2023

Executive News

  • Jacobs Solutions Co. (J) responded to a Glass Lewis report defending their drop in board gender diversity as acceptable given the value of keeping its outgoing CEO on the board, and adding an 11th board member
  • Former Pfizer (PFE) CFO Frank D’Amelio joined the board of Hewlett Packard Enterprise (HPE)
  • SilverBow Resources, Inc. (SBOW) added two female directors, Jennifer M. Grigsby and Kathleen McAllister, to its previously all male board

IPOS

  • Skyward Specialty Insurance Group, Inc. (SKWD) and MGO Global Inc. (MGOL) are expected to price IPOs this week

SPACs

  • Another former DeSPAC merger, albeit this time Wejo Group Ltd. (WEJO) will be merging with a different SPAC, TKB Critical Technologies 1 (USCT). Wejo originally went public in 2021 via Virtuoso Acquisition Corp. at an $800M EV. The new transaction values WEJO from $112M — $412M depending on the ultimate outcome.
source: company investor presentation
  • Mercato Partners Acquisition Corporation (MPRA) signed an LOI with “the leading private serial software business acquirer in Latin America” Nuvini
  • Global Partner Acquisition Corp II (GPAC) reported that 26.7M out of 30.0M public shares have redeemed as part of its extension vote. Shareholders have until Wednesday to reverse.

SPAC Calendar

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

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