SVFC / Symbotic Approved

by | Jun 6, 2022

SPACs are busy with 4 merger votes this week. Fingers crossed…lots of extension votes. And the rest of the day’s news in SPACs.

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SVFC / Symbotic Merger Approved

SVF Investment Corp. 3 (SVFC) approves merger with robotics and automation specialist Symbotic. 27.5M shares redeemed (85.1%).

ACKI: Extension Vote

Ackrell SPAC Partners I Co. (ACKI) announces June 21 special meeting to vote on extension to close transaction with Blackstone Products.

OTEC Extends Deadline

Concord Acquisition Corp. (CND) announces it will extend from June 10 to December 10, depositing $0.10 per share ($2,760,000).

Elsewhere in SPACs

  • HPX Corp. (HPX) looking to get an extension from July-January 2023. Doesn’t look like any info on contribution (if any). HPX is looking for a deal in Brazil.

Boardroom Alpha SPAC Market Review for May

Time is running out as SPACs scramble to finance deals at almost any cost. Expect more deSPAC duds as sponsors push low-quality companies at onerous valuations — for the simple purpose of protecting at-risk capital. Full report here.

SPAC Calendar

Source: Boardroom Alpha

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<a href="https://www.boardroomalpha.com/author/joanna/" target="_self">Joanna Makris</a>

Joanna Makris

Joanna has been analyzing and investing in emerging technologies for over two decades, having led the Technology, Media, and Telecom research at several global investment banks, including Mizuho Securities and Canaccord Genuity. Navigating stock market volatility since it all began in 2000. Banjo player, artist, and frittata-maker.

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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.

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SPAC Market Review – April 2022

The market is a mess right now. A hawkish Fed and even more cautious SEC are slowing deals….but may raise the bar for more quality SPACs down the line.

SPAC Market Review – March 2022

Despite increased scrutiny and apparent investor fatigue, deals are getting done and SPACs remain an attractive path to the public markets.

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.

Know Who Drives Return Podcast

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Boardroom Alpha Daily Read

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