MSP Recovery Approved Amidst Market Bloodbath

by | May 18, 2022

LCAP gets approval for MSP Recovery. And the rest of the day’s news in SPACs.

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SPAC Deal: THCA Tuscan Holdings Corp. II + Surf Air Mobility

Tuscan Holdings Corp. II (THCA) announces DA with  Surf Air Mobility. The transaction values Surf Air Mobility at an enterprise value of $1.42B. No PIPE. Surf Air Mobility is a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. Slide deck here. THCA has had multiple extensions and 84% redemptions already– deadline was end of June.

LCAP Approves MSP Recovery

Lionheart Acquisition Corporation II (LCAP) approve its merger with MSP Recovery (MSPR). The transaction is expected to close on 5/20 .

DWAC / Truth Social launches Mobile App

Digital World Acquisition Corp (DWAC) / Trump Media & Technology Group, the parent company of Truth Social, announced the launch of the Truth Social Web App, which allows users to access Truth Social from any Internet-connected computer, phone, or device. DWAC shares are down 14% YTD.

Elsewhere in SPACs

  • North Atlantic Acquisition Corporation (NAAC) – vote pushed to 6/1
  • Kingswood Acquisition Corp (KWAC) – approved to November
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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