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)

<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.

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

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

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.

SPAC Deals in Plant-Based Proteins and Med Tech

SPAC deals for Moolec (plant-based proteins) and Excelera (med tech). Cannabis SaaS player SpringBig goes up in smoke– shares dropped 47% in their first day of trading. Grove Collaborative gets the green light. And the rest of the day’s news in SPACs.

DWAC Can’t Seem to Stay out of Trouble

DWAC shares plunge 28% on news of a second SEC subpoena. Important merger vote for Sir Richard Branson today: VGII / Grove Collaborative. Tomorrow, EJFA / Papaya. And the rest of the day’s news in SPACs.

Moroccan Agribusiness Forafric debuts

Moroccan agribusiness Forafric (AFRI) debuts. With TCAC / Springbig approved at 96% redemptions, we take a look at redemption trends. Lots of extension votes coming up. And the rest of the day’s news in SPACs.

Know Who Drives Return Podcast

Investing in SPACs for Yield with Jonathan Browne from Robinson Capital

Jonathan Browne from Robinson Capital joins Boardroom Alpha’s David Drapkin to talk about SPAC arbitrage. Robinson Capital’s SPAX ETF launched in June of 2021 and is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk.

SPACs, FOMO, and Tail Risk – Matthew Tuttle Captures the Momentum

Matthew Tuttle from Tuttle Capital joins David Drapkin to talk about SPACs, FOMO, and tail risk. Tuttle Capital’s thematic and actively managed ETFs are taking advantage of the SPAC craze, everybody’s FOMO (fear of missing out), and protecting the downside tail risk.

Kyle Bransfield and Ruben Minski on the Union Acquisition II / Procaps SPAC Deal

Boardroom Alpha’s David Drapkin welcomes Union Acquisition II CEO Kyle Bransfield and Procaps CEO Ruben Minski to the podcast. The deal goes to vote on September 22, 2021 and ex-redemption on September 17, so this will be one of shareholders’ last opportunities to hear from the team before deciding to redeem or go long alongside Kyle and Ruben.


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.