Boardroom Alpha Digest: Tues, Mar 21

by | Mar 21, 2023

Executive News

  • Starbucks (SBUX) new CEO Laxman Narasimhan officially took the helm 2 weeks early and will lead the company’s annual shareholder meeting
  • NBT Bancorp Inc. (NBTB) director Joseph A. Santangelo will retire from the board following their annual meeting in May
  • Five Star Bancorp (FSBC) director David J. Lucchetti will also retire at their annual meeting

Activism

ICMYI: Latest podcast with the Activist Investor’s Michael Levin on the latest Universal Proxy and more

  • Ritchie Bros. Auctioneers (RBA) successfully completed its acquisition of IAA Inc. (IAA), fending off shareholder fights from Luxor Capital and against recommendations from ISS and GL

SPACs

  • Northern Revival Acquisition Corporation (NRAC) announced a $215M business combination with Australian “multi-faceted agricultural technology company” Braiin
  • Zura Bio Limited (ZURA) officially started trading on NASDAQ following the completion of its business combination with JATT Acquisition Corp. (JATT)
  • Corner Growth Acquisition Corp. II (TRON) extension approved 12 months until March 2024
  • MSD Acquisition Corp. (MSDA) to officially liquidate 3/29
  • Maxpro Capital Acquisition Corp. (JMAC) shareholders approved Apollonomics deal
  • KludeIn I Acquisition Corp. (INKA) and Near to close 3/22 and trade as NIR 3/23

SPAC Calendar

Recent Analysis

Daily SPAC Update – June 14, 2024

PLMI Extension Vote. TETE Extends. COOL Sets Extension Vote. GPAC Investor Deck. BAYA, RCFA, GAMC Merger Agreements. COOL, RWOD, FLFV Update Trust Values.

Daily SPAC Update – June 13, 2024

Catcha Investment (CHAA) + Crown LNG Approved. DHAC + VSee Labs Deal Approved. SEDA Investor Deck. Feutune Light (FLFV) Updates Trust & Redemptions.

Daily SPAC Update – June 10, 2024

Bayview Acquisition Corp + Oabay Inc. SPAC deal announced. EVE extension vote today. BUJA sets extension vote. PWUP amends merger agreement. COOL postpones to June 26.

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Disclaimer

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