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

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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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