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.

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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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