DA for ISLE / Cytovia Therapeutics

by | Apr 27, 2022

Soundhound debuts tomorrow. And the rest of the day’s news in SPACs.

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SPAC Deal: ISLE + Cytovia Therapeutics

Isleworth Healthcare Acquisition Corp. (ISLE) announced a DA with Cytovia Therapeutics,  a biopharmaceutical company using stem cell engineering and multispecific antibodies for cancer treatment. The transaction values Cytovia Therapeutics at an enterprise value of $367M. PIPE: $20M (at BCA signing); $30M (seeking post-BCA signing). Slide deck here. The merger is expected to be completed in Q3 of 2022. Cytovia is expected to be listed on NASDAQ under the ticker symbol INKC.

Source: Twitter

Soundhound merger approved; SOUN begins trading tomorrow

Archimedes Tech SPAC Partners Co. (ATSPT). Merger with Soundhound was approved. Soundhound, a leader in voice artificial intelligence, begins trading tomorrow as SOUN.

Redemption Update: SV / NuScale Power

Spring Valley Acquisition Corp. (SV) / NuScale Power. Redemptions 37.5%. Merger vote is tomorrow.

Elsewhere in SPACs

Brookline Capital Acquisition Corp.(BCAC) extension approved (on a monthly basis) out till November. 688,408 shares redeemed (12%). $51M remains in trust.

Today’s Price Action

Biggest Gainers

13.82% ~ $ 10.59 | TUGC – TradeUP Global Corp (Announced)
9.19% ~ $ 44.55 | DWAC – Digital World Acquisition Corp. (Announced)
4.69% ~ $ 11.82 | CFVI – CF Acquisition Corp. VI (Announced)
1.51% ~ $ 10.06 | SV – Spring Valley Acquisition Corp (Announced)
.98% ~ $ 11.39 | AGBA – AGBA ACQUISITION LIMITED (Announced)
.81% ~ $ 9.92 | LCW – Learn CW Investment Corp (Pre-Deal)
.66% ~ $ 9.89 | TWNI – Tailwind International Acquisition Corp. (Pre-Deal)
.50% ~ $ 9.99 | DPCS – DP Cap Acquisition Corp I (Pre-Deal)
.50% ~ $ 10.05 | SHCA – Spindletop Health Acquisition Corp. (Pre-Deal)
.45% ~ $ 10.00 | CNDB – Concord Acquisition Corp III (Pre-Deal)
.41% ~ $ 9.86 | HCII – HUDSON EXECUTIVE INVESTMENT CORP. II (Pre-Deal)
.41% ~ $ 9.88 | CTAQ – Carney Technology Acquisition Corp. II (Pre-Deal)
.41% ~ $ 9.91 | RJAC – Jackson Acquisition Co (Pre-Deal)
.40% ~ $ 9.93 | JGGC – Jaguar Global Growth Corp I (Pre-Deal)
.40% ~ $ 9.97 | DSAC – Duddell Street Acquisition Corp (Announced)
.40% ~ $ 9.99 | ADAL – Anthemis Digital Acquisitions I Corp (Pre-Deal)
.40% ~ $ 10.05 | CITE – Cartica Acquisition Corp (Pre-Deal)
.31% ~ $ 9.75 | LITT – Logistics Innovation Technologies Corp. (Pre-Deal)
.31% ~ $ 9.76 | DNAD – Social Capital Suvretta Holdings Corp. IV (Pre-Deal)
.31% ~ $ 9.77 | GFOR – Graf Acquisition Corp. IV (Pre-Deal)

Biggest Losers

-1.22% ~ $ 9.74 | SKYA – Skydeck Acquisition Corp. (Pre-Deal)
-.85% ~ $ 9.98 | SHUA – SHUAA Partners Acquisition Corp I (Pre-Deal)
-.61% ~ $ 9.77 | FTPA – FTAC Parnassus Acquisition Corp. (Pre-Deal)
-.56% ~ $ 10.63 | THCA – Tuscan Holdings Corp. II (Pre-Deal)
-.51% ~ $ 9.76 | PEGR – Project Energy Reimagined Acquisition Corp. (Pre-Deal)
-.51% ~ $ 9.77 | MACC – Mission Advancement Corp. (Pre-Deal)
-.51% ~ $ 9.85 | OHAA – Opy Acquisition Corp. I (Pre-Deal)
-.50% ~ $ 9.94 | AEAE – AltEnergy Acquisition Corp (Pre-Deal)
-.47% ~ $ 10.56 | ESSC – East Stone Acquisition Corporation (Announced)
-.43% ~ $ 9.82 | CSLM – Consilium Acquisition Corp I, Ltd. (Pre-Deal)
-.41% ~ $ 9.75 | HCNE – Jaws Hurricane Acquisition Corporation (Pre-Deal)
-.41% ~ $ 9.77 | NGC – Northern Genesis Acquisition Corp. III (Pre-Deal)
-.41% ~ $ 9.78 | FRXB – Forest Road Acquisition Corp. II (Pre-Deal)
-.41% ~ $ 9.82 | GSQB – G Squared Ascend II, Inc. (Pre-Deal)
-.40% ~ $ 9.84 | IXAQ – IX Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.90 | DUET – DUET Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.96 | FNVT – Finnovate Acquisition Corp. (Pre-Deal)
-.39% ~ $ 10.09 | FST – FAST ACQ CP (Pre-Deal)
-.31% ~ $ 9.72 | MITA – Coliseum Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.76 | BSKY – Big Sky Growth Partners, Inc. (Pre-Deal)

Upcoming Merger and Extension Votes

Source: Boardroom Alpha

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