SPACs Today: Wednesday, Dec 14

by | Dec 14, 2022

Chart of the Day

For all the SPACs are dead talk (some of the negativity warranted), there is still a steady flow of announced M&A activity with 15 transactions alone coming in December.

Elsewhere Today in SPACs

  • Rice Acquisition Corp. II (RONI) announced a $1.45B deal with NET Power which even included a $35M PIPE, which have been increasingly rare.
  • Golden Arrow Merger Corp. (GAMC) cancelled their extension vote on 12/16. They are facing a liquidation date in March 2023
  • Prime Impact Acquisition I (PIAI) added $0.055 per share ($373k) to its trust to extend deadline out till January
  • Longview Acquisition Corp. II (LGV) decided against extending and instead liquidated its shares early
  • Bannix Acquisition Corp. (BNIX) extended 3months out till March 2023
  • Pacifico Acquisition Corp. (PAFO) used a traditional extension to add $0.10 ($690k) to its trust to extend 3 months till March

SPAC Calendar

Today’s SPAC Movers

Biggest Gainers

5.00% ~ $ 10.50 | COVA – Crescent Cove Acquisition Corp. (Announced)
4.03% ~ $ 21.43 | DWAC – Digital World Acquisition Corp. (Announced)
3.28% ~ $ 10.87 | MPAC – Model Performance Acquisition Corp (Announced)
2.87% ~ $ 10.41 | ACAQ – Athena Consumer Acquisition Corp. (Announced)
2.69% ~ $ 10.30 | POND – Angel Pond Holdings Corp (Announced)
2.24% ~ $ 10.50 | FHLT – Future Health ESG Corp. (Pre-Deal)
1.10% ~ $ 10.10 | RFAC – RF Acquisition Corp. (Pre-Deal)
1.05% ~ $ 10.58 | VHAQ – Viveon Health Acquisition Corp. (Announced)
1.04% ~ $ 10.21 | AVAC – Avalon Acquisition Inc. (Announced)
.94% ~ $ 10.70 | DHAC – Digital Health Acquisition Corp. (Announced)
.78% ~ $ 10.28 | DTRT – DTRT Health Acquisition Corp. (Announced)
.75% ~ $ 10.09 | MTAC – MedTech Acquisition Corporation (Announced)
.71% ~ $ 9.91 | GWII – Good Works II Acquisition Corp. (Announced)
.70% ~ $ 10.01 | FACA – Figure Acquisition Corp. I (Pre-Deal)
.60% ~ $ 10.01 | CCAI – Cascadia Acquisition Corp. (Pre-Deal)
.59% ~ $ 10.20 | FXCO – Financial Strategies Acquisition Corp. (Pre-Deal)
.59% ~ $ 10.24 | DMAQ – Deep Medicine Acquisition Corp. (Pre-Deal)
.58% ~ $ 10.35 | OLIT – OmniLit Acquisition Corp. (Pre-Deal)
.54% ~ $ 10.31 | GEEX – Games & Esports Experience Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.93 | GFX – Golden Falcon Acquisition Corp. (Announced)

Biggest Losers

-4.92% ~ $ 10.27 | EDTX – EdtechX Holdings Acquisition Corp II (Announced)
-4.06% ~ $ 10.40 | ARCK – Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
-2.67% ~ $ 9.84 | GAMC – Golden Arrow Merger Corp. (Pre-Deal)
-2.27% ~ $ 10.00 | BLNG – Belong Acquisition Corp. (Pre-Deal)
-1.38% ~ $ 9.98 | DNZ – D and Z Media Acquisition Corp. (Pre-Deal)
-.99% ~ $ 9.96 | DALS – DA32 Life Science Tech Acquisition Corp. (Pre-Deal)
-.89% ~ $ 10.02 | SWSS – Springwater Special Situations Corp. (Pre-Deal)
-.80% ~ $ 9.86 | APMI – AxonPrime Infrastructure Acquisition Corp (Pre-Deal)
-.67% ~ $ 10.44 | DKDCA – Data Knights Acquisition Corp. (Announced)
-.67% ~ $ 10.45 | MAQC – Maquia Capital Acquisition Corporation (Pre-Deal)
-.59% ~ $ 10.03 | ISAA – Iron Spark I Inc. (Announced)
-.59% ~ $ 10.07 | ZING – FTAC Zeus Acquisition Corp. (Pre-Deal)
-.57% ~ $ 10.43 | MBTC – Nocturne Acquisition Corporation (Pre-Deal)
-.50% ~ $ 9.96 | AQU – Aquaron Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.96 | GLBL – Cartesian Growth Corporation (Announced)
-.40% ~ $ 9.97 | BACA – Berenson Acquisition Corp. I (Pre-Deal)
-.40% ~ $ 10.01 | BITE – Bite Acquisition Corp. (Pre-Deal)
-.39% ~ $ 10.10 | HMA – Heartland Media Acquisition Corp. (Pre-Deal)
-.39% ~ $ 10.16 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-.39% ~ $ 10.24 | WNNR – Andretti Acquisition Corp. (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.

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