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