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 – October 1, 2024

Trailblazer (TBMC) and Learn CW (LCW) Shareholders Approve Extension and Deal. NPAB and LATG Set Extension Votes. BCSA Deal Termination. DSAQ and SLAMF Amend Mergers.

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Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

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