SPAC Daily: MSPR Discloses Shares for PLTR and CANO

by | Jun 29, 2022

Plus the rest of the day’s news in SPACs

Everyone’s favorite DeSPAC, MSP Recovery (MSPR), whose shares closed at $2.50 today after just over a month of DeSPAC, disclosed additional shares for Palantir Technologies (PLTR) and Cano Health (CANO). Palantir’s stake comes to $10M in value (at $10 / share) and includes a true-up provision in a year if the stock isn’t trading at $10. In addition, the company has already appointed a new CFO. Always drama with this one.

Elsewhere in SPACs

  • Kalera (KAL) shares began trading today following the closure of its business combination with Agrico Acquisition Corp (RICO) the company also disclosed that 14.3M shares were redeemed in the combination, making it one of the highest on record >99%
  • Far Peak Acquisition Corp (FPAC), which announced a DA with Bullish nearly a year ago in July 2021, announced that it has pushed the outside date of its merger out till December. But, more importantly, also cancelled the $300M in PIPE commitments that it had previously secured as financing.
  • Vickers Vantage I (VCKA) is set to vote on its extension tomorrow

SPAC Calendar

Today’s Price Action

Biggest Gainers

2.03% ~ $ 10.05 | ROCL – Roth CH Acquisition V Co. (Pre-Deal)
1.58% ~ $ 10.29 | REVE – Alpine Acquisition Corp. (Announced)
1.15% ~ $ 9.70 | NLIT – Northern Lights Acquisition Corp. (Announced)
1.01% ~ $ 10.02 | VMGA – VMG Consumer Acquisition Corp. (Pre-Deal)
.91% ~ $ 9.94 | LCW – Learn CW Investment Corp (Pre-Deal)
.81% ~ $ 10.00 | LGTO – LEGATO MERGER CORP. II (Announced)
.71% ~ $ 9.94 | BHAC – Crixus BH3 Acquisition Corp. (Pre-Deal)
.56% ~ $ 9.81 | PANA – Panacea Acquisition Corp. II (Pre-Deal)
.55% ~ $ 10.02 | AVHI – Achari Ventures Holdings Corp. I (Pre-Deal)
.51% ~ $ 9.77 | SKYA – Skydeck Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.82 | KYCH – Keyarch Acquisition Corp (Pre-Deal)
.51% ~ $ 9.84 | BOAS – BOA Acquisition Corp. (Announced)
.50% ~ $ 10.13 | MEOA – Minority Equality Opportunities Acquisition Inc. (Pre-Deal)
.48% ~ $ 10.47 | BRLI – Brilliant Acquisition Corporation (Announced)
.46% ~ $ 9.80 | PSAG – Property Solutions Acquisition Corp. II (Pre-Deal)
.42% ~ $ 9.69 | CPAA – Conyers Park III Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.70 | HWEL – Healthwell Acquisition Corp. I (Pre-Deal)
.41% ~ $ 9.70 | AFTR – AfterNext HealthTech Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.81 | LCA – Landcadia Holdings IV, Inc. (Pre-Deal)
.41% ~ $ 9.82 | MSDA – MSD Acquisition Corp. (Pre-Deal)

Biggest Losers

-7.39% ~ $ 22.57 | DWAC – Digital World Acquisition Corp. (Announced)
-1.52% ~ $ 9.73 | CORS – Corsair Partnering Corporation (Pre-Deal)
-1.13% ~ $ 10.06 | PCX – Parsec Capital Acquisitions Corp. (Pre-Deal)
-1.12% ~ $ 9.69 | BSAQ – Black Spade Acquisition Co (Pre-Deal)
-1.12% ~ $ 9.74 | ORIA – Orion Biotech Opportunities Corp. (Pre-Deal)
-.89% ~ $ 10.01 | VMCA – Valuence Merger Corp. I (Pre-Deal)
-.85% ~ $ 9.97 | WNNR – Andretti Acquisition Corp. (Pre-Deal)
-.81% ~ $ 9.85 | GIAC – Gesher I Acquisition Corp. (Announced)
-.80% ~ $ 9.92 | MBSC – M3-Brigade Acquisition III Corp. (Pre-Deal)
-.62% ~ $ 9.67 | PSPC – Post Holdings Partnering Corporation (Pre-Deal)
-.60% ~ $ 9.98 | CFVI – CF Acquisition Corp. VI (Announced)
-.59% ~ $ 10.06 | PLAO – Patria Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.89 | SAGA – Sagaliam Acquisition Corp (Pre-Deal)
-.50% ~ $ 9.94 | SHUA – SHUAA Partners Acquisition Corp I (Pre-Deal)
-.50% ~ $ 10.00 | MEKA – MELI Kaszek Pioneer Corp (Pre-Deal)
-.50% ~ $ 10.00 | CHEA – Chenghe Acquisition Co. (Pre-Deal)
-.41% ~ $ 9.65 | CNDA – Concord Acquisition Corp II (Pre-Deal)
-.41% ~ $ 9.66 | TPBA – TPB Acquisition Corporation I (Pre-Deal)
-.41% ~ $ 9.78 | MDH – MDH Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.80 | GSQB – G Squared Ascend II, Inc. (Pre-Deal)

<a href="" 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.

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