DA for Sleep Apnea Specialist ProSomnus

by | May 10, 2022

Electric vertical take off company Eve sinks in first day of trading. 2 SPAC IPOs. And the rest of the day’s news in SPACs.

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SPAC Deal: Lakeshore Acquisition I Corp. / ProSomnus

Lakeshore Acquisition I Corp. (LAAA) has a DA with ProSomnus Holdings, a “leader in patient-preferred sleep apnea therapy.” The transaction values the company at an equity value of $168M. No PIPE, $30M convertible. Slide deck here.

Source: Twitter

EVEX Debuts in the Red

Eve Holding (EVEX), which deSPACed from Zanite Acquisition Corp. (ZNTE) began trading today. Shares of the electric vertical take-off and landing (eVTOL) company and former business unit of Embraer S.A. (ERJ) declined 23% to close at $8.66.

ARTA / Prenetics Vote

Artisan Acquisition Corp. (ARTA) sets 5/18 vote for its merger with genomic and diagnostic test company Prenetics Group (PRE).

SPAC IPO: India Acquisition Corp. (IVCAU)

India Acquisition Corp. (IVCAU) prices $225M IPO. $10.30 cash in trust. Unit = share + 1/2 warrant. Target focus: general. Backed by Credit Suisse.

SPAC IPO: Global Blockchain Acquisition Corp. (GBBK)

Global Blockchain Acquisition Corp. (GBBK) prices $150M IPO.$10.15 cash in trust. Unit = share + warrant 1/10 right. Target focus is technology. Backed by I-Bankers.

Lionheart Acquisition Corporation II to issue warrants to non redeemers

Lionheart Acquisition Corporation II (LCAP) to issue 1,029,000,000 warrants to non-redeemers for MSP Recovery deal. Vote date is set for 5/18.

Elsewhere in SPACs

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