Moroccan Agribusiness Forafric debuts

by | Jun 10, 2022

TCAC / Springbig approved with 96% redemptions. And the rest of the day’s news in SPACs.

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TCAC / Springbig Approved

Tuatara Capital Acquisition Corp. (TCAC) approves merger with SaaS-based marketing provider Springbig. Redemptions 19.1M (~96%). Expected close “around 6/14”.

Redemptions Trending at 77% Month-to-Date

Redemptions at 77% month-to-date– on a trend to potentially exceed the 79% level we saw in May. Redemptions were 25% in June 2021.

Source: Boardroom Alpha

Forafric (AFRI) deSPACs

African agribusiness Forafric (AFRI) deSPACs today from Globis Acquisition Corp. (GLAQ). 9.6M shares redeemed. Shares closed at $8.39. AFRI is the first Moroccan-based company listed on a major U.S. exchange.

SPAC Daily Movers

Source: Boardroom Alpha

SPAC Calendar

Source: Boardroom Alpha

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