SPAC Daily: 3 New Deals to Start the Week

by | Aug 1, 2022

For the second week in a row (and August, mind you) a bit of a return to Merger Monday to kick the week off with 3 new SPAC definitive agreements announced.

Social Leverage Acquisition Corp. I (SLAC), led by StockTwit’s Howard Lindzon, announced a $1.25B deal for W3BCLOUD. In an obvious Web3 play, the company provides the underlying physical infrastructure needed to support Web3.

Galata Acquisition Corp. (GLTA) is taking the largest Turkish mobility company, Marti, public in a deal valued at $532M EV. And, lastly Energem Corp (ENCP) is taking graphite producer Graphjet Technology in a deal that values the company at $1.5B.

Active Monday for new deals, and 5 votes are scheduled for this week.

Elsewhere in SPACs

  • Riverview Acquisition Corp. (RVAC) set a 8/25 vote date for its Westrock Coffee deal.
  • Americas Technology Acquisition Corp. (ATA) announced it filed its preliminary S-1 for its Rally deal.

Upcoming SPAC Calendar

Full calendar and SPAC database access here

Today’s SPAC Market Movers

Biggest SPAC Gainers

4.05% ~ $ 10.67 | LNFA – L&F Acquisition Corp (Announced)
.70% ~ $ 10.04 | RVAC – Riverview Acquisition Corp. (Announced)
.61% ~ $ 9.91 | VBOC – Viscogliosi Brothers Acquisition Corp (Pre-Deal)
.51% ~ $ 9.83 | POND – Angel Pond Holdings Corp (Announced)
.51% ~ $ 9.87 | OHPA – Orion Acquisition Corp. (Pre-Deal)
.50% ~ $ 9.98 | GWII – Good Works II Acquisition Corp. (Pre-Deal)
.50% ~ $ 10.02 | BYNO – byNordic Acquisition Corporation (Pre-Deal)
.47% ~ $ 10.08 | LIBY – Liberty Resources Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.83 | AMCI – AMCI Acquisition Corp. II (Announced)
.40% ~ $ 9.92 | MCAC – Monterey Capital Acquisition Corp (Pre-Deal)
.40% ~ $ 9.98 | BWAQ – Blue World Acquisition Corp (Pre-Deal)
.40% ~ $ 10.00 | CPAQ – Counter Press Acquisition Corp (Pre-Deal)
.40% ~ $ 10.02 | KINZ – KINS Technology Group Inc. (Pre-Deal)
.39% ~ $ 10.40 | ATA – AMERICAS TECHNOLOGY ACQUISITION CORP. (Announced)
.31% ~ $ 9.72 | TRTL – TortoiseEcofin Acquisition Corp. III (Pre-Deal)
.31% ~ $ 9.76 | JAQC – Jupiter Acquisition Corporation (Pre-Deal)
.31% ~ $ 9.82 | HPLT – Home Plate Acquisition Corp (Pre-Deal)
.31% ~ $ 9.85 | LDHA – LDH Growth Corp I (Pre-Deal)
.30% ~ $ 9.88 | CLIN – Clean Earth Acquisitions Corp. (Pre-Deal)
.30% ~ $ 9.92 | NFNT – Infinite Acquisition Corp. (Pre-Deal)

Biggest SPAC Losers

-5.84% ~ $ 9.83 | GAQ – Generation Asia I Acquisition Ltd (Pre-Deal)
-5.64% ~ $ 10.20 | ASPC – Alpha Capital Acquisition Company (Announced)
-2.92% ~ $ 10.30 | NLIT – Northern Lights Acquisition Corp. (Announced)
-1.46% ~ $ 10.10 | NOVV – Nova Vision Acquisition Corp (Pre-Deal)
-1.29% ~ $ 9.95 | AFAR – Aura Fat Projects Acquisition Corp (Pre-Deal)
-.97% ~ $ 10.20 | AEHA – Aesther Healthcare Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.84 | LVRA – Levere Holdings Corp (Pre-Deal)
-.40% ~ $ 9.94 | HZON – Horizon Acquisition Corporation II (Pre-Deal)
-.39% ~ $ 10.14 | VTAQ – Ventoux CCM Acquisition Corp. (Announced)
-.31% ~ $ 9.79 | IACC – ION Acquisition Corp 3 Ltd. (Pre-Deal)
-.30% ~ $ 9.81 | AUS – Austerlitz Acquisition Corporation I (Pre-Deal)
-.30% ~ $ 9.82 | HIII – Hudson Executive Investment Corp. III (Pre-Deal)
-.30% ~ $ 9.83 | EBAC – European Biotech Acquisition Corp. (Pre-Deal)
-.30% ~ $ 9.83 | SCOB – ScION Tech Growth II (Pre-Deal)
-.30% ~ $ 9.88 | PNTM – Pontem Corp (Pre-Deal)
-.30% ~ $ 9.89 | ITQ – Itiquira Acquisition Corp. (Pre-Deal)
-.30% ~ $ 10.03 | INKA – KludeIn I Acquisition Corp (Announced)
-.30% ~ $ 10.05 | ACAQ – Athena Consumer Acquisition Corp. (Announced)
-.26% ~ $ 9.77 | DUNE – Dune Acquisition Corporation (Announced)
-.25% ~ $ 9.82 | LGV – Longview Acquisition Corp. II (Pre-Deal)

<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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 – July 2022

Liquidations, cancelled deals, and a dead IPO market highlight Boardroom Alpha’s July 2022 SPAC market review. Read for a full recap.

SPAC Market Review – June 2022

Boardroom Alpha’s June 2022 SPAC market review looks at the latest trends in SPACs, where the market is heading a recap of activity.

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 Research & Analysis

SPAC Daily: Court Battles Heat Up

CPTK and FST are set up for court battles related to their failed business combinations, and the rest of the day’s SPAC news.

SPAC Daily: Terminations on the Rise

SPAC Market Review – July 2022Full SPAC ListingPodcast: Know Who Drives ReturnDaily SPAC Newsletter Call it the dog days of SPAC summer, as August has been nasty for pending SPAC mergers. No surprise that mergers are facing tons of obstacles today from the lack of...

Know Who Drives Return Podcast

Podcast: Westrock Coffee CEO Scott Ford

Join David Drapkin as he speaks to Westrock Coffee CEO Scott Ford. Westrock Coffee is going public company via a $1.1B deal with Riverview Acquisition Corporation (RVAC).

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.

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.