Social Platform Uplive Said to Be Exploring SPAC

by | May 25, 2022

DA for Legato and Southland Holdings. And the rest of the day’s news in SPACs.

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Social Platform Uplive in SPAC Discussions

Asia Innovations Group, a startup that operates social platform Uplive, is said to be in discussions to go public through a deal with E. Merge Technology Acquisition (ETAC).The transaction is said to value the combined company at $2 billion. 2021 revenue was ~$300 million.

SPAC Deal: Legato Merger Corp. II + Southland Holdings

Legato Merger Corp. II (LGTO) announces DA with Southland Holdings. Southland Holdings provides specialized infrastructure construction services across North America including bridges, tunneling, transportation and facilities, marine, hydroelectric structures, water and sewer treatment, and water pipeline end markets.The transaction values the company at an enterprise value of $810M. No PIPE. Slide deck here.

Approved: APSG / American Express Global Business Travel

Apollo Strategic Growth Capital (APSG) approved its merger with American Express Global Business Travel. Expected close 5/27. No redemptions mentioned in the filing.

Elsewhere in SPACs

Source: Boardroom Alpha

Today’s Movers

Biggest Gainers

5.11% ~ $ 10.50 | UPTD – TradeUP Acquisition Corp (Pre-Deal)
4.34% ~ $ 7.94 | APSG – Apollo Strategic Growth Capital (Announced)
1.12% ~ $ 9.90 | RJAC – Jackson Acquisition Co (Pre-Deal)
.82% ~ $ 9.89 | WWAC – Worldwide Webb Acquisition Corp. (Pre-Deal)
.79% ~ $ 10.18 | REVE – Alpine Acquisition Corp. (Announced)
.72% ~ $ 9.84 | POND – Angel Pond Holdings Corp (Announced)
.71% ~ $ 9.97 | CNDB – Concord Acquisition Corp III (Pre-Deal)
.71% ~ $ 9.99 | FRBN – Forbion European Acquisition Corp. (Pre-Deal)
.70% ~ $ 10.07 | TACA – Trepont Acquisition Corp I (Pre-Deal)
.62% ~ $ 9.80 | REVH – Revolution Healthcare Acquisition Corp. (Pre-Deal)
.62% ~ $ 9.81 | RKTA – Rocket Internet Growth Opportunities Corp. (Pre-Deal)
.61% ~ $ 9.83 | APGB – Apollo Strategic Growth Capital II (Pre-Deal)
.61% ~ $ 9.89 | STET – ST Energy Transition I Ltd. (Pre-Deal)
.60% ~ $ 45.14 | DWAC – Digital World Acquisition Corp. (Announced)
.60% ~ $ 10.10 | OCAX – OCA Acquisition Corp (Pre-Deal)
.59% ~ $ 10.24 | GGPI – Gores Guggenheim, Inc (Announced)
.54% ~ $ 9.67 | TRTL – TortoiseEcofin Acquisition Corp. III (Pre-Deal)
.51% ~ $ 9.92 | CHWA – CHW Acquisition Corp (Announced)
.42% ~ $ 9.95 | WINV – WinVest Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.76 | HWKZ – Hawks Acquisition Corp (Pre-Deal)

Biggest Losers

-1.40% ~ $ 9.92 | HYAC – Haymaker Acquisition Corp. III (Announced)
-1.00% ~ $ 9.86 | AHRN – Ahren Acquisition Corp. (Pre-Deal)
-.82% ~ $ 9.70 | BRIV – B. Riley Principal 250 Merger Corp. (Pre-Deal)
-.81% ~ $ 9.82 | GIAC – Gesher I Acquisition Corp. (Pre-Deal)
-.60% ~ $ 9.95 | LVAC – LAVA Medtech Acquisition Corp. (Pre-Deal)
-.58% ~ $ 10.31 | KWAC – Kingswood Acquisition Corp (Pre-Deal)
-.56% ~ $ 9.75 | TETC – Tech and Energy Transition Corporation (Pre-Deal)
-.52% ~ $ 9.62 | WAVC – Waverley Capital Acquisition Corp. 1 (Pre-Deal)
-.51% ~ $ 9.80 | GAQ – Generation Asia I Acquisition Ltd (Pre-Deal)
-.51% ~ $ 9.84 | CIIG – CIIG Capital Partners II, Inc. (Pre-Deal)
-.50% ~ $ 9.90 | LAAA – Lakeshore Acquisition I Corp. (Announced)
-.50% ~ $ 9.94 | CPAQ – Counter Press Acquisition Corp (Pre-Deal)
-.41% ~ $ 9.62 | CNDA – Concord Acquisition Corp II (Pre-Deal)
-.41% ~ $ 9.76 | CRZN – Corazon Capital V838 Monoceros Corp (Pre-Deal)
-.41% ~ $ 9.77 | LCAA – L Catterton Asia Acquisition Corp (Pre-Deal)
-.41% ~ $ 9.78 | ZWRK – Z-Work Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.93 | ROC – ROC Energy Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.98 | PLAO – Patria Acquisition Corp. (Pre-Deal)
-.40% ~ $ 10.02 | JMAC – Maxpro Capital Acquisition Corp. (Pre-Deal)
-.35% ~ $ 9.97 | ARTE – Artemis Strategic Investment Corporation (Announced)

SPAC Podcast: Pet Care in a Post-Pandemic World

Our latest podcast is an up-close look at pet service provider Wag Labs, which has a combination pending with SPAC CHW Acquisition Corp.(CHWA).

Wag! Sponsor CHWA: Market Snapshot

Source: Boardroom Alpha

Wag! CEO Garrett Smallwood explains why pet care is an area of consumer spending that could be a pocket of strength coming out of the pandemic. Also read our overview here.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

<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.

Know Who Drives Return

Objective, data-driven assessments for every public company director and officer.

SPAC Analytics & Database

Comprehensive research and analytics on every SPAC, sponsor, and deal. Real-time alerts, yields, red flags, filings, investors, and much more. API access to institutional grade SPAC database.

Monthly SPAC Review

SPAC Market Review – May 2022

Inflation, rising interest rates, and reduced corporate earnings across the board have led to persistent market gyrations which prove its too early for bottom fishing. The stampede out of deSPACs now makes it ‘deal-or-die’ time for those without targets.

SPAC Market Review – April 2022

The market is a mess right now. A hawkish Fed and even more cautious SEC are slowing deals….but may raise the bar for more quality SPACs down the line.

SPAC Market Review – March 2022

Despite increased scrutiny and apparent investor fatigue, deals are getting done and SPACs remain an attractive path to the public markets.

SPAC Research & Analysis

Alvotech Puts Iceland on the SPAC Map

Icelandic biopharma Alvotech deSPACs today. DHAC announces DA with VSee Lab. Deal termination for AKIC and visual effects company DNEG. A flurry of extension votes. And the rest of the day’s news in SPACs.

Know Who Drives Return Podcast

NYC Pension Funds Want Amazon Accountable for Human Capital

AMZN stock is performing, but are warehouse workers paying the price? We talk to Assistant NYC Comptroller Michael Garland on the NYC Pension Funds’ move to unseat two Amazon board members responsible for human capital management at the tech giant.

Boardroom Alpha Daily Read

Board blow-up at Redbox Entertainment. Mill Road Capital Pushing for a Sale of Big Lots. Happy Earth Day! A perfect time to tune into our latest ESG podcast.

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