Deal Announcements still flowing- PAFO / Caravelle Group

by | Apr 6, 2022

Deal announcement for PAFO / Caravelle Group, MLTX debuts in the green. And the rest of the day’s news in SPACs.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

Deal Announcement: PAFO + Caravelle Group

Encouraging to see a fairly steady pace of deal announcements. Pacifico Acquisition Corp. (PAFO) announced an intended merger with Caravelle Group. The deal values the company at an enterprise value of $527M and includes a $60M PIPE. Caravelle is an ocean technology company providing international shipping services and carbon-neutral solutions for wood desiccation. The transaction is expected to close in the fall of 2022. 

NuScale Adds $15M PIPE

Spring Valley Acquisition Corp. (SV) / NuScale announces another $15M PIPE by Nucor, bringing total to $236M. Nucor is the largest and most diversified steel and steel products company in North America. NusScale is a provider of advanced nuclear small modular reactor (SMR) technology.

Armada Acquisition Corp. I (AACI) / Rezolve positive 2022 guidance update

Armada Acquisition Corp. I (AACI) / Rezolve announced updated 2022 guidance. Rezolve, whose focus is mobile commerce and engagement, announced a substantial improvement in adjusted EBITDA . The company now expects ~$34M EBITDA loss in 2022 , versus prior guidance of $172M.

Elsewhere in SPACs

  • MoonLake Immunotherapeutics (MLTX) deSPACed today. Shares closed in the green at $12.25.
  • UTA Acquisition Corporation (UTAA) spiked on unsubstantiated Internet speculation that the SPAC is looking to merge with ‘social media’ platform OnlyFans. Last week, it was reported that OnlyFans held failed talks with Forest Road Acquisition Corp. I (FRXB). UTAA shares closed at $10.05.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

Recent Analysis

Daily SPAC Update – June 14, 2024

PLMI Extension Vote. TETE Extends. COOL Sets Extension Vote. GPAC Investor Deck. BAYA, RCFA, GAMC Merger Agreements. COOL, RWOD, FLFV Update Trust Values.

Daily SPAC Update – June 13, 2024

Catcha Investment (CHAA) + Crown LNG Approved. DHAC + VSee Labs Deal Approved. SEDA Investor Deck. Feutune Light (FLFV) Updates Trust & Redemptions.

Daily SPAC Update – June 10, 2024

Bayview Acquisition Corp + Oabay Inc. SPAC deal announced. EVE extension vote today. BUJA sets extension vote. PWUP amends merger agreement. COOL postpones to June 26.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.