Yotta Acquisition Prices $100M IPO

by | Apr 20, 2022

Yotta Acquisition, the latest SPAC IPO, has a tech/blockchain focus. And the rest of the day’s news in SPACs.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

SPAC IPO: Yotta Acquisition Corp. (YOTAU)

Yotta Acquisition Corp. (YOTAU) priced a $100M offering. $10 in cash in trust. Unit = Share + Warrant + Right 1/10. The SPAC will focus on high technology, blockchain, software and hardware, e-commerce and social media. Yotta is led by CEO Hui Chen, and CFO Robert L. Labbe.

SWAG / Nogin Announces $60M Convertible Offering

$60M convertible offering (or “PIPE” depending on how you look at it) for Software Acquisition Group III (SWAG) / Nogin. The 7.00% notes are due in 2026. Can be increased by a $10M accordion feature.

Analyst Day: Semantix / ASPC

Analyst day presentation for ASPC / Semantix highlights $23M in non-redemption agreements, coupled with a $94M PIPE. Company still expects $85M in minimum cash (no change).

Elsewhere in SPACs

  • Quick exit for Beachbody Company (BODY) CFO Sue Collyns, who is leaving to “transition to a new chapter of opportunities.” BODY stock is down ~86% since deSPAC.

Biggest Gainers

1.31% ~ $ 10.07 | EVGR – Evergreen Corp (Pre-Deal)
.82% ~ $ 9.81 | SCAQ – Stratim Cloud Acquisition Corp. (Pre-Deal)
.81% ~ $ 9.90 | AURC – Aurora Acquisition Corp. (Announced)
.62% ~ $ 9.77 | GFGD – Growth for Good Acquisition Corp (Pre-Deal)
.61% ~ $ 9.97 | PORT – Southport Acquisition Corporation (Pre-Deal)
.60% ~ $ 10.04 | SHCA – Spindletop Health Acquisition Corp. (Pre-Deal)
.55% ~ $ 10.16 | LCAP – Lionheart Acquisition Corporation II (Announced)
.55% ~ $ 10.90 | ESSC – East Stone Acquisition Corporation (Announced)
.51% ~ $ 9.81 | AFAQ – AF Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.82 | HPLT – Home Plate Acquisition Corp (Pre-Deal)
.51% ~ $ 9.92 | ROCL – Roth CH Acquisition V Co. (Pre-Deal)
.50% ~ $ 10.13 | GGGV – G3 VRM Acquisition Corp. (Pre-Deal)
.45% ~ $ 9.96 | SPK – SPK Acquisition Corp. (Announced)
.42% ~ $ 9.67 | NFYS – Enphys Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.81 | GXII – GX Acquisition Corp. II (Pre-Deal)
.41% ~ $ 9.84 | KAII – Kismet Acquisition Two Corp. (Pre-Deal)
.40% ~ $ 9.99 | ITAQ – Industrial Tech Acquisitions II, Inc. (Pre-Deal)
.40% ~ $ 10.03 | IQMD – Intelligent Medicine Acquisition Corp. (Pre-Deal)
.39% ~ $ 10.28 | ATA – AMERICAS TECHNOLOGY ACQUISITION CORP. (Pre-Deal)
.37% ~ $ 10.84 | THCA – Tuscan Holdings Corp. II (Pre-Deal)

Biggest Losers

-5.94% ~ $ 45.91 | DWAC – Digital World Acquisition Corp. (Announced)
-2.95% ~ $ 9.87 | GSRM – GSR II Meteora Acquisition Corp. (Pre-Deal)
-2.57% ~ $ 11.77 | GGPI – Gores Guggenheim, Inc (Announced)
-1.20% ~ $ 9.88 | DYNS – Dynamics Special Purpose Corp. (Announced)
-1.13% ~ $ 10.53 | IPOF – Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
-1.00% ~ $ 9.91 | MEAC – Mercury Ecommerce Acquisition Corp (Pre-Deal)
-.89% ~ $ 9.97 | FGMC – FG Merger Corp. (Pre-Deal)
-.67% ~ $ 10.33 | IPOD – Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
-.58% ~ $ 10.21 | HUGS – USHG Acquisition Corp. (Announced)
-.56% ~ $ 9.83 | OEPW – One Equity Partners Open Water I Corp. (Pre-Deal)
-.53% ~ $ 11.26 | CFVI – CF Acquisition Corp. VI (Announced)
-.51% ~ $ 9.72 | LITT – Logistics Innovation Technologies Corp. (Pre-Deal)
-.41% ~ $ 9.80 | ASAX – Astrea Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.89 | FTCV – FinTech Acquisition Corp. V (Announced)
-.40% ~ $ 10.00 | CPAQ – Counter Press Acquisition Corp (Pre-Deal)
-.40% ~ $ 10.04 | GOGN – GoGreen Investments Corp (Pre-Deal)
-.38% ~ $ 10.41 | SV – Spring Valley Acquisition Corp (Announced)
-.33% ~ $ 9.79 | BGSX – Build Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.70 | WAVC – Waverley Capital Acquisition Corp. 1 (Pre-Deal)
-.30% ~ $ 9.81 | SSAA – Science Strategic Acquisition Corp. Alpha (Pre-Deal)

Upcoming Merger and Extension Votes

Source: Boardroom Alpha

Want to dive deeper into the world of biomaterials? Check out our latest podcast with Origin Materials (ORGN). We talk with co-CEOs John Bissell and Rich Riley about how Origin’s technology converts plant-based material into a wide variety of carbon negative materials– from textiles, packaging, automotive parts and more. The stock is on an upward move after yesterday’s news of a strategic partnership with LVMH to develop sustainable low-carbon footprint packaging for the perfumes and cosmetics industry. And see our detailed overview here.

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

<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.

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

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

Starting the Week with 2 DAs

Starting the week off with 2 DAs– oil & gas and battery tech. And the rest of the day’s news in SPACs.

Comera Gets Approval, with Over 98% Redemptions

Squeeze alert: OTRA approves its merger with Comera Life Sciences, albeit with some of highest redemptions we’ve seen in a while (98.4%). And the rest of the day’s news in SPACs.

Know Who Drives Return Podcast

NYC Pension Funds Want Amazon Accountable for Human Capital

AMZN stock is performing, but are warehouse workers paying the price? We talk to Assistant NYC Comptroller Michael Garland on the NYC Pension Funds’ move to unseat two Amazon board members responsible for human capital management at the tech giant.

Boardroom Alpha Daily Read

Board blow-up at Redbox Entertainment. Mill Road Capital Pushing for a Sale of Big Lots. Happy Earth Day! A perfect time to tune into our latest ESG podcast.

Disclaimer

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.