Boardroom Alpha Digest: Tues, Jan 17

by | Jan 17, 2023

Executive News

  • Tamara Brandt, Chief Legal Officer and Head of Business and Legal Affairs at FaZe Holdings (FAZE) resigned to join CAA. In addition, FAZE stock fell ~23% on the day, perhaps due to a lock-up expiration following a 6-month restricted period following the company’s public debut in July.

Activist Situations

  • Walt Disney Co. (DIS) clapped back against Trian Fund Management and Nelson Peltz by filing a presentation in defense of its current board and stating that Peltz “does not understand Disney’s business…”

IPOS

  • The 2023 IPO market officially opened as two IPOs priced on Friday: MGO Global (MGOL) raised $7.5M at $5.00 per share, and Skyward Specialty Insurance Group (SKWD) raised $134M at $15.00 per share. SKWD is healthily above its offer price ~$19, while MGOL is still around offer at $4.95.

SPACs

  • Brian Hinchcliffe, Vice Chair of African Gold Acquisition Corp. (AGAC) whose former CFO, Cooper J. Morgenthau was previously charged with fraud, resigned from the company
  • PepperLime Health Acquisition Corporation (PEPL) shareholders approved an extension until October. $161M of the trust redeemed leaving $12.8M

SPAC Calendar

Recent Analysis

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.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

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