Boardroom Alpha Digest: Wed, Feb 1

by | Feb 1, 2023

Executive News

  • Fedex Corp. (FDX) is reportedly laying off 10% of its global management workforce, joining several other mega cap companies to do the same in recent weeks.
  • Illumina, Inc. (ILMN) announced that interim CFO Joydeep Goswami has been appointed to the permanent position of CFO
  • Ryan McInerney officially took over as the new CEO of Visa, Inc. (V), replacing Al Kelly, and was also appointed to the board. Al Kelly will remain as Executive Chairman of the Board.


  • Three traditional IPOs are expected to price this week:
    • SONDORs, Inc. (SODR), $8.00 – $10.00, 2.5M shares
    • Neuraxis, Inc. (NRXS), $7.00 – $9.00, 1.875M shares
    • Asset Entities Inc. (ASST), $5.00, 1.5M
  • Cetus Capital Acquisition Corp. (CETU) priced a $50M offering, targeting InfoTech and IoT


  • Seaport Calibre Materials Acquisition Corp. (SCMA) despite passing its extension vote, instead elected to liquidate given its tangible net assets will be < $5M due to high level of redemptions
  • Mason Industrial Technology, Inc. (MIT) announced it will liquidate its shares Feb-15
  • Pono Capital Two, Inc. (PTWO) discreetly announced a $1.2B merger with SBC Medical

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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.


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. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.