SPAC Daily: Tuesday 9/14

by | Sep 14, 2022

It was a light day of news, perhaps due to the severe negative sentiment in the broader equity market, thus see below for a snapshot of today’s happenings in the SPAC market.

Elsewhere in SPACs

  • Maxpro Capital Acquisition Corp. (JMAC) announced an $899M deal with biotech Apollomics, the deal terms include a $20M min cash condition
  • Delwinds Insurance Acquisition Corp. (DWIN) announced a $30M FPA with Meteora, and cancelled the backstop agreement
  • Kensington Acquisition Corp. IV (KCAC) and Amprius closed its acquisition, shares will trade as AMPX tomorrow
  • Alpha Star Acquisition Corporation (ALSA) entered into an LOI with Cyclebit Group
  • Ventoux CCM Acquisition Corp. (VTAQ) shareholders approved the Presto business combination, and the company will trade as PRST next Wednesday, 9/21

SPAC Calendar

Today’s Movers

Biggest Gainers

15.65% ~ $ 10.05 | GPCO – Golden Path Acquisition Corporation (Announced)
7.26% ~ $ 13.88 | CFVI – CF Acquisition Corp. VI (Announced)
4.08% ~ $ 9.69 | IMPX – AEA-Bridges Impact Corp (Announced)
3.69% ~ $ 9.00 | SLCR – Silver Crest Acquisition Corporation (Announced)
2.15% ~ $ 8.55 | CRHC – Cohn Robbins Holdings Corp. (Announced)
.80% ~ $ 10.08 | FGMC – FG Merger Corp. (Pre-Deal)
.78% ~ $ 10.28 | NLIT – Northern Lights Acquisition Corp. (Announced)
.72% ~ $ 9.81 | TPBA – TPB Acquisition Corporation I (Pre-Deal)
.55% ~ $ 10.06 | ITAQ – Industrial Tech Acquisitions II, Inc. (Pre-Deal)
.51% ~ $ 9.85 | LOKM – Live Oak Mobility Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.95 | CHAA – Catcha Investment Corp (Pre-Deal)
.50% ~ $ 9.97 | PNAC – Prime Number Acquisition I Corp. (Pre-Deal)
.43% ~ $ 10.07 | EVGR – Evergreen Corp (Pre-Deal)
.42% ~ $ 7.14 | VTAQ – Ventoux CCM Acquisition Corp. (Announced)
.41% ~ $ 9.84 | MBAC – M3-Brigade Acquisition II Corp (Pre-Deal)
.41% ~ $ 9.89 | RCAC – Revelstone Capital Acquisition Corp. (Pre-Deal)
.40% ~ $ 9.92 | SEDA – SDCL EDGE Acquisition Corp (Pre-Deal)
.40% ~ $ 9.96 | MEKA – MELI Kaszek Pioneer Corp (Pre-Deal)
.40% ~ $ 9.99 | PRLH – Pearl Holdings Acquisition Corp (Pre-Deal)
.40% ~ $ 10.07 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)

Biggest Losers

-9.29% ~ $ 7.81 | DWIN – Delwinds Insurance Acquisition Corporation (Announced)
-2.25% ~ $ 10.42 | RAM – Aries I Acquisition Corp (Announced)
-1.22% ~ $ 24.19 | DWAC – Digital World Acquisition Corp. (Announced)
-1.00% ~ $ 9.88 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
-.89% ~ $ 10.03 | FLAG – First Light Acquisition Group, Inc. (Pre-Deal)
-.80% ~ $ 9.95 | PORT – Southport Acquisition Corporation (Pre-Deal)
-.70% ~ $ 9.86 | MCAG – Mountain Crest Acquisition Corp. V (Pre-Deal)
-.69% ~ $ 10.13 | HHGC – HHG Capital Corporation (Pre-Deal)
-.61% ~ $ 9.78 | EMLD – FTAC Emerald Acquisition Corp. (Pre-Deal)
-.60% ~ $ 9.91 | DUET – DUET Acquisition Corp. (Announced)
-.60% ~ $ 10.01 | MPRA – Mercato Partners Acquisition Corp (Pre-Deal)
-.59% ~ $ 10.09 | ERES – East Resources Acquisition Company (Announced)
-.50% ~ $ 9.95 | SUAC – ShoulderUP Technology Acquisition Corp. (Pre-Deal)
-.50% ~ $ 10.04 | FEXD – Fintech Ecosystem Development Corp. (Announced)
-.49% ~ $ 10.13 | SPK – SPK Acquisition Corp. (Announced)
-.49% ~ $ 10.15 | AMAO – American Acquisition Opportunity Inc (Announced)
-.48% ~ $ 10.34 | BREZ – Breeze Holdings Acquisition Corp (Pre-Deal)
-.41% ~ $ 9.71 | CPAA – Conyers Park III Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.83 | HIII – Hudson Executive Investment Corp. III (Pre-Deal)
-.35% ~ $ 9.88 | BHAC – Crixus BH3 Acquisition Corp. (Pre-Deal)

Recent Analysis

Daily SPAC Update – June 13, 2024

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Daily SPAC Update – June 10, 2024

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Activism Update – June 7

Wisdom Tree (WT) gets Glass Lewis, ISS, and Egon-Jones support. Medallion (MFIN) calls ZimCal self-serving. F9 Investments continues to hammer LL Flooring (LL).

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