Moroccan Agribusiness Forafric debuts

by | Jun 10, 2022

TCAC / Springbig approved with 96% redemptions. 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

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

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 1, 2024

ALTU Swaps SynCardia for Vesicor Therapeutics. WRAC Liquidation.  ARIZ and GIA DeSPACs. COOL Extension Approved. CNDB + GCT Semiconductor Deal Approved.

Daily SPAC Update – Feb 29, 2024

Webull $7.3B SPAC Deal with SKGR. GMFI + Capital A International. ARYD, ARIZ Extensions Approved. TGVC / Flexi Group Deal Termination. CMCA, COOL Extension Votes Today.

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.