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SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit

SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit Merger-less Monday was a bit of a surprise today, but given SPACs with announced deals took a hit, that s probably a good thing. Look for activity to pick up as the week progresses though. Author: Apr 12, 2021 Even given the otherwise sideways day in the markets (S&P up, DJIA down, Nasdaq 100 down), some investors will be a bit disappointed in the SPAC activity. No deals were announced, SPAC IPOs stayed on the sidelines, and we saw only two prospective new SPACs file S-1s.  Those invested in SPACs with announced deals took a hit today though. The majority of units and common shares were down, with some down significantly (e.g. PSAC / Faraday; see full list below). Investors will need to be careful about deciding when to get in and out of SPACs once the deal is announced. While there have been some good post-deal pops on great execution (e.g. DMYD and MUDS w/ its NFT play announced today),

CC Neuberger Principal Holdings III closes $402 5m IPO

CC Neuberger Principal Holdings III, the third blank check company formed by CC Capital and Neuberger Berman, has closed its IPO at $402.5 million after pricing its 40.25 million shares at $10 per share.

E2open and CC Neuberger Principal Holdings I merges and goes public

E2open and CC Neuberger Principal Holdings I merges and goes public
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