Once trading at $175, Digital World Acquisition (DWAC), the Trump-tied SPAC, may be coming back to reality and shareholders will be feeling the sting. Plus all the day’s SPAC news.
Pagaya (PGY) shares fall on first day of trading as Polestar (PSNY) is set for its ticker change tomorrow, plus the day’s news in SPACs.
GGPI shareholders go to vote on the latest EV SPAC deal. Warrant prices remain at their lows with no end in site. Plus the days’s biggest movers.
GGPI and Polestar are set to close their long awaited SPAC deal this week with low redemptions, plus the rest of today’s SPAC news.
Icelandic biopharma Alvotech deSPACs today. DHAC announces DA with VSee Lab. Deal termination for AKIC and visual effects company DNEG. A flurry of extension votes. And the rest of the day’s news in SPACs.
Boardroom Alpha sat down with Chris Beals, CEO of WM Technology (MAPS) to discuss the company’s strategy for building a SaaS platform for cannabis commerce.
SPAC deals for Moolec (plant-based proteins) and Excelera (med tech). Cannabis SaaS player SpringBig goes up in smoke– shares dropped 47% in their first day of trading. Grove Collaborative gets the green light. And the rest of the day’s news in SPACs.
DWAC shares plunge 28% on news of a second SEC subpoena. Important merger vote for Sir Richard Branson today: VGII / Grove Collaborative. Tomorrow, EJFA / Papaya. And the rest of the day’s news in SPACs.
DAs for diamond retailer Blue Nile and online travel booking specialist Holisto. BIOT / Blade Therapeutics is terminated. Merger votes this week for VGII / Grove Collaborative and EJFA / Papaya. And the rest of the day’s news in SPACs.
Moroccan agribusiness Forafric (AFRI) debuts. With TCAC / Springbig approved at 96% redemptions, we take a look at redemption trends. Lots of extension votes coming up. And the rest of the day’s news in SPACs.
Polestar starts shipping for 65,000 unit Hertz contract. GLAQ delays Forafric vote. Too early for psychedelics as Silver Spike II terminates Eleusis deal. And the rest of the day’s news in SPACs.
Shares of warehouse robot maker Symbotic (SYM) join the high redemption/thin float club, popping 120% on today’s debut. Merger approval for DYNS/ Senti Bio. The usual extensions. And the rest of the day’s news in SPACs.
Icelandic biotech Alvotech gets merger approval in a busy voting day. The usual extensions. And the rest of the day’s news in SPACs.
SVFC approves Symbotic merger. SPACs are busy with 4 merger votes this week. Fingers crossed…lots of extension votes. And the rest of the day’s news in SPACs.
The race against the clock continues. BIOT says it has enough votes for its merger with Blade Therapeutics, but needs more time to close. And the rest of the day’s news in SPACs.
The Branson-backed sustainable consumer goods company reports soft Q1 results ahead of 6.14 merger vote. June’s going to be a nail biter– a slew of extension and merger votes coming up.
An oversaturated SPAC market yields a combination of terminations and extensions as deal pressure intensifies. And the rest of the day’s news in SPACs.
Inflation, rising interest rates, and reduced corporate earnings across the board have led to persistent market gyrations which prove its too early for bottom fishing. The stampede out of deSPACs now makes it ‘deal-or-die’ time for those without targets.
Two SPAC deals today; some important votes this week. And the rest of the day’s news in SPACs.
The week ends with a third automotive tech deal announcement. S-1s continue to be filed. And the rest of the day’s news in SPACs.
Two DAs today in auto tech, one would represent China’s biggest U.S. listing since Didi. WeWork fires its CFO. And the rest of the day’s news in SPACs.
Social platform Uplive said to be exploring SPAC. DA for LGTO and construction services provider Southland Holdings. And the rest of the day’s news in SPACs.
Garrett Smallwood, CEO of Wag! explains why the pet care segment is immune to inflationary fears and poised for post-pandemic growth.
MSP Recovery (MSPR) sinks, falling 53% on its debut. Biote gets approval. Lots of extension votes ahead. And the rest of the day’s news in SPACs.
Medicare and Medicaid secondary payer reimbursement recovery specialist MSP Recovery (MSPR) begins trading tomorrow. Extension for TINV/Grindr. And the rest of the day’s news in SPACs.
Comera Life Sciences (CMRA), the maker of self-injectible biologics, deSPAC’d today, closing down 9%. An updated look at deSPAC count and redemption rates. And the rest of the day’s news in SPACs.
Another 2 SPAC DAs today, offset by some liquidations. And the rest of the day’s news in SPACs.
Amidst the ongoing market bloodbath, SPACs continue to march forward. LCAP gets approval for MSP Recovery. And the rest of the day’s news in SPACs.
As the market bounces back today, 2 more DAs in virtual reality and propTech. And the rest of the day’s news in SPACs.
Starting the week off with 2 DAs– oil & gas and battery tech. And the rest of the day’s news in SPACs.
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.
SPAC deal for next-gen lithium ion battery maker Amprius Technologies. And the rest of the day’s news in SPACs.
Carsharing play Getaround strikes a $1.2B DA. Troubled video game rental player Redbox is acquired. And the rest of the day’s news in SPACs.
Shares of urban aircraft company EVEX sink in first day of trading. DA for sleep apnea specialist ProSomnus. 2 SPAC IPOs. And the rest of the day’s news in SPACs.
Grindr gets a DA. Eve is cleared for takeoff tomorrow. BREZ redemptions ~58%, continuing a declining trend. And the rest of the day’s news in SPACs.
A $200M IPO for Cartesian Growth Corp.II (RENEU) ends a rough week. And the rest of the day’s news in SPACs. And the rest of the day’s news in SPACs.
With the S&P500 falling a precipitous 3.5%, today was a day to take cover. Biote next up for a vote. MAQC extends. And the rest of the day’s news in SPACs.
LNFA approves extension for ZeroFox, high redemptions. And the rest of the day’s news in SPACs.
Nuclear power is hot as NuScale debuts in the green. SOUN gets squeezed. And the rest of the day’s news in SPACs.
Amended deal terms for TCAC/springbig. 2 SPAC deals today. And the rest of the day’s news in SPACs.
The market is a mess right now. A hawkish Fed and even more cautious SEC are slowing deals….but may raise the bar for more quality SPACs down the line.
DWAC jumps as Trump returns to Truth Social. NuScale Power (SMR) begins trading next week. Zanite (ZNTE) / Eve makes noise ahead of next week’s merger vote. And the rest of the day’s news in SPACs.
Speech recognition specialist Soundhound (SOUN) debuts today. More SPAC liquidations ahead? And the rest of the day’s news in SPACs.
Voltus is gearing up for a $1.3B SPAC IPO in the coming months. We chat with CEO Gregg Dixon, who shares how the company is leading the charge to decentralize, decarbonize and digitize our energy resources.
DA for ISLE / Cytovia Therapeutics. Soundhound (SOUN) debuts tomorrow. And the rest of the day’s news in SPACs.
An IPO and another metaverse play. Elon buying TWTR is a good time for a DWAC and CFVI status check. And the rest of the day’s news in SPACs.
Monday’s buzzing with two med-related SPAC deals. Convert and PIPE action. And the rest of the day’s news in SPACs.
Ending the week with a deal announcement for LMAO and SeaStar Medical. And the rest of the day’s news in SPACs.
An updated look at redemption trends for the month of April. Deadline extensions for FOXW and GRCY. And the rest of the day’s news in SPACs.
SPAC IPO for Yotta, convert for SWAG and the rest of the day’s news in SPACs.
SPAC Deal for BHSE and cancer cell therapy biopharma Coeptis. Merger votes for Tempo Automation and Telesign. And the rest of the day’s news in SPACs.
John Bissell and Rich Riley, Co-CEOs of Origin Materials (ORGN) tell us how bioplastics are ready and able to reduce our reliance on fossil fuels.
ESSC announces DA with ICONIQ, its third after terminating with both JDS and Ufin Holdings. DUNE heads to court with its merger target. And the rest of the day’s news in SPACs.
RBAC amended its S-4 for its merger with ticketing tech provider SeatGeek. Redemption update at GLSPT. And the rest of the day’s news in SPACs.
Adding to the wave of deal terminations, Alberton Acquisition Corp. (ALAC) intends to terminate its merger with SolarMax. And the rest of the day’s news in SPACs.
Boardroom Alpha talks to Steve Croskrey, CEO of Danimer Scientific (DNMR), on why bioplastics technology is ready for takeoff and how the company is moving the world toward a carbon negative future.
Spotify rival Deezer is said to be in talks with I2PO, a SPAC backed by France’s Pinault family, controlling shareholder of Gucci-owner Kering. A $100M IPO for Southeast Asia-focused Aura FAT Projects Acquisition Corp. And the rest of the day’s news in SPACs.
SPAC deal for 8i Acquisition 2 Corp. (LAX) and EUDA Health. A look at upcoming merger and extension votes. And the rest of the day’s news in SPACs.
Vote date set for Hong-Kong based COVID-19 lab provider Prenetics. A look at upcoming merger and extension votes. And the rest of the day’s news in SPACs. And the rest of the day’s news in SPACs.
Boardroom Alpha talks to Jon Sabes, CEO of FOXO Technologies, which announced a SPAC merger with sponsor Delwinds Insurance Acquisition Corp. (DWIN). Sabes explains how epigenetic biomarkers can change the game for life insurance companies and tell us more about health and wellness than ever before.
We wrap a busy week in SPACs: deSPACs, DAs…and even some old fashioned rumor and speculation is back.
WIth the SEC’s new rules looming large, Citi says no more SPAC IPO underwriting for now. A SPAC IPO is offset by two withdrawals. And the rest of the day’s news in SPACs.
Citigroup (C) pauses underwriting new SPAC IPOs amidst the potential for incremental legal risks. Regulatory scrutiny and monetary tightening are likely to mean more pain for the stock market– including IPOs.
Deal announcements keep flowing with PAFO / Caravelle Group. NuScale gets PIPE financing. And the rest of the day’s news in SPACs.
Gogoro (GGR) deSPACs in the green. Black Rifle Coffee Company (BRCC) takes a hit on warrant redemption. And the rest of the day’s news in SPACs.
GGPI / Polestar revs on HTZ order. DWAC / Truth Social slammed by 2 executive departures and Elon’s TWTR stake. Two DAs! And the rest of the day’s news in SPACs.
GGPI shares are up 6% on an announced Polestar partnership with HTZ that includes purchasing up to 65,000 EVs over five years. We continue to view the shares as undervalued heading into the merger.
Ending the week with a bang: two SPAC IPOs, DA for VCXA, and merger approval for HLXA/ Immunotherapeutics AG.
Despite increased scrutiny and apparent investor fatigue, deals are getting done and SPACs remain an attractive path to the public markets.
Mass transit and shared mobility provider Swvl (SWVL) is the latest deSPAC. PPGH approved its merger with battery-swapping provider Gogoro. And extensions are a key theme as 3 SPACs buy themselves more time.
The SEC debuts new proposed SPAC rules. Taiwanese EV battery swapping infrastructure player Gogoro gears up for merger approval, BREZ extends. And the day’s news in SPACs.
STRY deSPACs, Only Fans gets even more eyeballs as it reportedly looks for a deal. Swvl /GMBT makes noise ahead of tomorrow’s merger vote. And the day’s news in SPACs.
FMAC closes its merger with Starry, with some major tweaks. ACBA extends merger vote. And the day’s news in SPACs.
Signs of life in SPACland, with 4 deals and an IPO announced this week. Emerging Markets Horizon (HORI) cuts Russia ties. The week ends with the all-too-familiar deal cancellation. And all the day’s news in SPACs.
RF Acquisition (RFAC) prices $100M IPO, Asia ex-China focus. FRGE and DRTS get juiced.
Boardroom Alpha talks to Innoviz (INVZ) CEO Omer Keilaf on why LiDAR is equal parts trust and tech as the company captures the holy grail: volume commercial production.
Three DAs for SPACs including PCAC, AHPA and RNER, are we seeing a return to an active SPAC M&A market? Plus the rest of the day’s news.
As Pre-IPO marketplace Forge Global (FRGE) deSPACs we look at the deal and whether it is a buy. Is this yet another win for Peter Thiel?
Short squeeze action makes for an impressive debut at FRGE. Signs of life…a DA for THCP. And all the day’s news in SPACs.
Encouraging earnings reports from Voltus and Swvl, 2 SPACs on tap. And all the day’s news in SPACs.
SPAClife gets better with two deal announcements…in biotech. More fun with short squeezes at SKYH. And all the day’s news in SPACs.
More mining action as MTAL acquires CSA Copper Mine. Moelis nixes IPO plans and of course more deal cancellations. And all the day’s news in SPACs.
Glorified extension cords or SaaS story? With EV charging margins ~20%, the software/cloud angle looks like a stretch without better visibility into long-term profitability and earnings growth
Neuberger Berman announces $1.9 billion in committed capital. CFVI’s Rumble seems to pivot by adding “non-political” content. And all the day’s news in SPACs.
MSDA makes a high-profile Board addition. CCIF and Denham pull their IPOs. And all the day’s news in SPACs.
DWAC nosedives, VPCB cancels Kredivo deal and the rest of the day’s news in SPACs.
SPAC financing has gotten increasingly more creative as the once hot PIPE market is very cold.
Expect more SPAC deal cancellations as last year’s bubble valuations make them tougher to execute while committed financing dries up.
MTAC and Memic Innovative cancelled their SPAC deal in the 11th of 2022. We recap the rest of the day in SPACs.
DeSPAC CPTN reports Q4 earnings today aftermarket. We continue to see LiDAR as a 2023 story.
Amidst SPAC meltdown, LBBB prices $60M IPO. SLCR cuts valuation on Tims China, GLAQ extends. And all the day’s news in SPACs.
Digital World Acquisition Corp (DWAC) in merging with Trump’s Truth Social is targeting the disruption of traditional and social media.
The SPAC market is a wreck, but if February taught investors anything, it’s that good fundamental stories can still prevail.
Satellogic CEO Emiliano Kargieman discusses company’s plans for orbit and how they stand out in a newly competitive market.
Nope, SOFI won’t print a perfect quarter. But expect stronger hands to prevail, thanks to a still high short interest and Goldman Sachs for the pre-quarter downgrade.
LCID stock is running hot into its Q4 earnings report, today aftermarket. The big question is what investors are willing to pay for growth.
ML stock got crushed following its deSPAC. But, with exciting new services and a clearer path to profitability, MoneyLion looks ready to roar.
Crossing Bridge Advisors founder David Sherman argues that even with the bloom off the rose for deSPACs, there is money to be made.
Polestar CEO Thomas Ingenlath isn’t here for a ‘short, quick win.’ He’s building a premium electric brand that’s nothing like its competitors. Or its parent, Volvo.
With its deSPAC behind it, the industry’s largest ADAS production win, and ties to auto giants Ford and GM, CPTN is off to a good start.
Scaling up for a potential $20 billion deal. In a rare, 3-way SPAC deal, two SPACs backed by...
ASAX proves breaking up doesn’t have to be hard to do. Valentine’s day proves to be a day of unrequited love for Astrea Acquisition Corp. (ASAX), which terminated its merger with HotelPlanner and Reservations.com.
A continued upward inflation trend will likely further push up already sky high SPAC redemption rates as investors look for additional liquidity.
Blair LaCorte, CEO of AEye (NASDAQ:LIDR), provides his take on Autonomous Driving, why a lidar shakeout is coming, and what the carmakers really want.
January saw the SPAC market fall quickly alongside the broader market as a revolt against “spec tech” and overall sentiment drove it lower.
Tom Davin, Co-CEO of Black Rifle Coffee, and Joe Reece, the exec chair of SilverBox Engaged (SBEA) join to discuss the company, the merger, and their vision.
Boardroom Alpha’s David Drapkin recently joined Jill Malandrino on Nasdaq Trade Talks to discuss SPACs. Get his wrap on 2021 and what to expect in 2022.
Sky Harbour CEO Tal Keinan on why he started the company, why it is set for success, and going public via SPAC with YSAC.
For the latest Know Who Drives Return episode, David Drapkin talks to Rangeley Captial founder Chris DeMuth Jr. on SPAC and Value investing.
For the latest Know Who Drives Return episode, we sat down with Francis Davidson, the founder and CEO of Sonder, a hospitality company that leases and manages travel properties. Sonder is valued at nearly $2B and is going public through Gores Metropolous II. Francis, at just 29 years old, has been able to rapidly scale the company that he founded 8 years ago as a student at McGill University in Quebec. Will Sonder succeed in grabbing a larger share of the lodging space? Have a listen and read our full report on the Sonder deal.
We were fortunate to sit down with Amy Nauiokas, the Co-Founder, Co-Chair, and Co-CIO of fintech investing platform Anthemis ($1.2B in AUM), who has been a leading fintech investor for nearly 15 years. Though she has a career that us regular folks might find astounding given she also runs a film and television production company, Archer Gray, which promotes story telling from diverse individuals.
A plain english guide to the SPAC Gamma Squeeze. How it works, examples, and why investors need to be very careful.
Looking for last minute adds to your SPAC basket before 2022? We’ve flagged 10 SPACs trading under $10 with proven serial SPAC sponsors for you to consider.
2021 is drawing to a close and what a year it was for SPACs. In our December market update we take a look at the last month of the year and give our latest thoughts on the market, including: record IPO issuance and SPAC supply; aging SPACs and outlook for terminations; and the merger market including its financing evolution
Dave CEO Jason Wilk joins Boardroom Alpha’s David Drapkin to discuss how DAVE has already saved customers billions, how it is shifting its business as it matures, and how its SPAC deal with VPC Impact Acquisition Holdings III (VPCC) will help fuel that shift.
HotelPlanner CEO Tim Hentschel on Their 3-Way SPAC Merger with Reservations.com and Astrea Acquisition (ASAX)
HotelPlanner and Reservations.com are going public in a three-way merger with Astrea Acquisition Corp (ASAX) $567M deal announced in August 2021.
Brivo Founder & CEO Steve Van Till talks merger with Crown PropTech Acquisitions (CPTK) and why access control is more important now than ever.
Greenbox POS (GBOX), a fintech that utilizes block chain technology to create custom payment solutions co-founded by Ben Errez. The company up-listed to Nasdaq earlier this year, and its newly created stablecoin, Coyni, will be a separately publicly traded entity led by Paul Levine.
Investment firm Live Oak Merchant Partners is one of the leading “serial” SPAC sponsors, with views of maintaining a long term presence in the asset class. Led by Rick Hendrix and Gary Wunderlich, Live Oak brings both extensive capital markets and advisory experience with an investment track record.
BM Technologies (BMTX) is a digital, mobile-first FinTech that was born out of BankMobile and boasts ~2M accounts. BankMobile was originally founded by Luvleen Sidhu and developed at parent Customers Bank (CUBI), before ultimately separating and going public via SPAC Megalith Financial Acquisition in January 2021. BMTX recently announced a strategic merger with First Sound Bank and now has plans to become a FinTech bank.
SeatGeek CEO Jack Groetzinger joins the podcast to discuss SeatGeek’s potential to grab market share in the ticketing landscape by focusing on primary (enterprise) clients, improving its tech stock and ramping up brand awareness.
Veteran semi executive and Navitas Founder & CEO Gene Sheridan joins the Know Who Drives Return Podcast to discuss the future of GaN and future prospects for Navitas (NVTS), who recently went public via SPAC (Live Oak II).
agreed to a SPAC merger with Supernova Partners Acquisition Co II (SNII). Quantum computing leaders are very bullish on the technology and are projecting that in 5-10 years every company will have quantum computers that can solve problems today’s computers cannot.
Boardroom Alpha’s monthly SPAC market review for November 2021.
Earth Data company Planet Labs is going public thru dMY Technology IV (DMYQ) via a SPAC transaction. Founder and CEO Will Marshall, CFO Ashley Johnson, and dMY CEO Niccolo de Masi join us on the podcast to discuss Planet’s prospects and the SPAC transaction.
Sam Sidhu is the new President and CEO of tech-focused regional bank Customers Bank. He joins the podcast to discuss the bank’s digital-first mindset and crypto.
Super Group / SEAH Aim for Global Online Gaming & Betting Wins, with CEOs Neal Menashe and John Collins
SPAC SEAH is taking Super Group public in a $4.6B deal that investors are hoping will close in the 4th quarter of 2021. Listen in to learn more about John and Neal’s backgrounds, why Super Group may be the right bet for investors, and their expectations on deal close timing, what will happen with warrants, and more.
Data veteran Richard Barlow joins the podcast to discuss why he founded Wejo and the prospects for the company amid what he expects to be a boom in connected vehicle data.
Martin Werner, CEO of DD3 Acquisition Corp II (DDMX) and Moshe Edree of Codere Online join David Drapkin to discuss their SPAC transaction and the future of gaming in LatAm.
Now more than ever Environmental, Social & Governance (ESG) are top of mind for management teams. Olshan partner Elizabeth Gonzalez-Sussman sits down on our podcast to discuss many of these trends, and what companies should be focused on.
Listen in to hear why CompSecure CEO Jon Wilk and DBDR CEO Dr. Don Basile believe that the metal cards business is still in the early innings and their move into crypto will pay off for investors.
In this quick hit episode, David Drapkin talks to Matthew Tuttle from Tuttle Capital on the unprecedented action in DWAC as it breaks all SPAC and MEME records following its announcement to merge with Trump Media & Technology Group.
Brent Handler, and CFO, Web Neighbor, join Boardroom Alpha’s David Drapkin for a deep dive on Inspirato and the deal.
Vacasa’s CEO Matt Roberts joins David Drapkin to discuss what makes Vacasa a compelling addition to investors’ portfolios as it goes public via SPAC.
Aurora CEO Chris Urmson and Reinvent’s (RTPY) Michael Thompson join David Drapkin to talk self-driving technology, why Aurora is setup for success, and the overall SPAC market.
Bruce Goldfarb, CEO and Founder of Okapi Partners joins David Drapkin on the Know Who Drives Return podcast. Bruce goes deep on what he’s seeing in recent proxy seasons, contested M&A, SPACs, AMC, and whether retail investors are good for the markets.
Boardroom Alpha’s David Drapkin is joined by True Wind Capital’s Scott Wagner and Tom Hegge. Listeners will remember Scott as the ex-CEO of GoDaddy and Tom is a long-time public market investor with private equity roots.
Jonathan Browne from Robinson Capital joins Boardroom Alpha’s David Drapkin to talk about SPAC arbitrage. Robinson Capital’s SPAX ETF launched in June of 2021 and is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk.
Matthew Tuttle from Tuttle Capital joins David Drapkin to talk about SPACs, FOMO, and tail risk. Tuttle Capital’s thematic and actively managed ETFs are taking advantage of the SPAC craze, everybody’s FOMO (fear of missing out), and protecting the downside tail risk.
Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha’s David Drapkin about why quantum computing is the next big tech innovation and how investors won’t want to miss out.
Boardroom Alpha’s David Drapkin welcomes Union Acquisition II CEO Kyle Bransfield and Procaps CEO Ruben Minski to the podcast. The deal goes to vote on September 22, 2021 and ex-redemption on September 17, so this will be one of shareholders’ last opportunities to hear from the team before deciding to redeem or go long alongside Kyle and Ruben.
of the SPAC sponsor tables, how bad actors are stealing value from everyone else in the SPAC market, and why dMY is “long-term greedy.”
Ben Wolff, CEO of Sarcos, talks to Boardroom Alpha’s David Drapkin about robots, SPACs, and why investors should be looking at Sarcos as an opportunity to invest.