Comera Life Sciences Debuts in the Red

by | May 20, 2022

The maker of self-injectible biologics closed down 9% on the day. An updated look at deSPAC count and redemption rates.

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Comera Life Sciences (CMRA) deSPACs today

Self-ingestible biologics specialist Comera Life Sciences CMRA) deSPAC’d today from OTR Acquisition Corp (OTRA). Low float deSPAC: 9.8M shares redeemed (94%). Shares closed at $8.85, down 9%.

deSPAC Count and Redemption Update

As we prepare for the last week of May, here’s an update on deSPAC and redemption stats. In addition to CMRA, three other SPACs have made it out: Eve (EVEX), NuScale Power (SMR), and SAITECH (SAI). All are trading below $10. Redemptions look like they are trending back up: average redemption rate is 75% month-to-date–down from 74% in April and 29% in the year ago.

Source: Boardroom Alpha

deSPAC Heat Map

Shares of the Southeast Asian delivery, mobility and financial services app Grab Holdings (GRAB) are showing strong momentum, jumping 24% yesterday on the company’s earnings upside and upward revision to guidance. Urban air mobility specialist Eve Holding (EVEX) is another upward mover, having been volatile since its deSPAC on May 10th. Shares closed up 6% today.

Source: Boardroom Alpha

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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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