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


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


  • 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 Update – May 24, 2024

QRDO To Liquidate at $10.96. ShoulderUp Extends with 1.1M Redemptions. BFAC Extension Vote. Churchill Investor Deck. DIST Merger Agreement.

Daily SPAC Update – May 23, 2024

MAQC + Immersed Inc. Deal Terminated. GPAC Deal Vote Set. IVCB Extends w/ 2.1M Redemptions. CVII Investor Deck. PWUP Redemption Agreement.

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