Cartesian Prices $200M IPO amidst the Week’s Wreckage

by | May 6, 2022

A SPAC IPO to end a rough week. And the rest of the day’s news in SPACs.

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SPAC IPO: RENEU

Cartesian Growth Corp.II (RENEU) priced a $200M IPO. $10.30 in cash in trust. The SPAC will focus on “established high-growth companies that operate in a manner consistent with the United Nations Principles for Responsible Investment.”  The Company’s sponsor is an affiliate of Cartesian Capital Group, a global private equity firm specializing in providing growth capital to transnational businesses. Cartesian Growth Corp. II is led by Chairman and CEO Peter Yu, and CFO Beth Michelson.

DKDCA Extends

Data Knights Acquisition Corp. (DKDCA) extends until August. SPAC adds $0.10 to trust. NAV ~$10.30.

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<a href="https://www.boardroomalpha.com/author/joanna/" target="_self">Joanna Makris</a>

Joanna Makris

Joanna has been analyzing and investing in emerging technologies for over two decades, having led the Technology, Media, and Telecom research at several global investment banks, including Mizuho Securities and Canaccord Genuity. Navigating stock market volatility since it all began in 2000. Banjo player, artist, and frittata-maker.

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Starting the Week with 2 DAs

Starting the week off with 2 DAs– oil & gas and battery tech. And the rest of the day’s news in SPACs.

Comera Gets Approval, with Over 98% Redemptions

Squeeze alert: OTRA approves its merger with Comera Life Sciences, albeit with some of highest redemptions we’ve seen in a while (98.4%). And the rest of the day’s news in SPACs.

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