More COVFEFE. DWAC Jumps as Trump Posts on Truth Social

by | Apr 29, 2022

SMR begins trading next week. 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

SV / NuScale Power Approved

Spring Valley Acquisition Corp. (SV )/ NuScale officially approved. Merger will close on 5/2 and NuScale will trade as SMR on 5/3.

ZNTE / Eve Business Update Ahead of Next Week’s Vote

Zanite Acquisition Corp. (ZNTE) / Eve UAM, LLC (Eve) provides a “business update” ahead of 5/6 merger vote. Eve,  a Brazilian subsidiary of Embraer SA (ERJ), produces electric vertical take-off and landing aircraft — ie. urban air mobility infrastructure solutions.

Victory Acquisition Withdraws IPO

Victory Acquisition Corp. (VACIU), which had been targeting the media, sports, and entertainment industries and counted Sammy Hagar and and Roger Staubach on its board, ditches SPAC IPO plans.

DWAC on the move as Trump is Back

More COVFEFE. Digital World Acquisition Corp. (DWAC) traded up 9% today as Donald Trump is back on the Truth Social platform after several months’ hiatus. The SPAC has rebounded sharply from its recent slide, and is trading up 384% from its lows. The app appears to have full functionality and downloads have jumped almost tenfold in recent days. Time will tell if the momentum holds given very little in the way of financial disclosures.

Source: Truth Social

April deSPACs

Just four SPACs made it out this month. Here’s a recap:

Source: Boardroom Alpha

Elsewhere in SPACs

Next week’s votes:

  • 5/3 (HK) AGBA extension
  • 5/3 LNFA extension
  • 5/5 BREZ extension
  • 5/5 ACEV / Temp Automation
  • 5/6 ZNTE / Eve

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 – March 26, 2024

Trump’s DWAC Trades as DJT Today. IBAC $100M SPAC IPO. APXI + OmnigenicsAI Announced. TWOA + LatAm Logistics Properties Deal Approved. DISA Liquidation.

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.