SPAC Daily: Tues, November 15

by | Nov 15, 2022

Chart of the Day – FOXO in Turmoil

Today in SPACs

  • Frazier Lifesciences Acquisition (FLAC) shareholders approved its NewAmsterdam Pharma and will trade as NAMS next week. Just 32% of shares redeemed (which is a multi-month low), though some of that can be attributed to a non-redemption agreement
  • G&P Acquisition Corp. (GAPA) will liquidate its shares and dissolve on November 30
  • Liberty Media Acquisition Corporation (LMACA) approved its early dissolution and will wind up on 12/1, 44.5M shares elected to redeem immediately for $10.07
  • OceanTech Acquisitions I Corp. (OTEC) will take OTC traded Majic Wheels (MJWL) in a SPAC transaction

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