Boardroom Alpha Research

SPACs

Citi Redlights SPACs as Potential Liability Looms Large

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.

Gogoro Debuts in the Green

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 gaining momentum on 5-Year HTZ Deal

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.

SPAC Market Review – March 2022

Despite increased scrutiny and apparent investor fatigue, deals are getting done and SPACs remain an attractive path to the public markets.

All Eyes on Swvl, Gogoro Gets Approval.

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.

SEC Debuts New SPAC Rules

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.

Starry falls in trading debut

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.

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