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More momentum for SPACs with Pre-Deal SPACs creeping towards NAV and SPACs surging near vote dates. Today's three mergers are trading well.

SPAC IPOs Mixed, DCRN Deal Slightly Rises, IPOE/SoFi Up Next IPOE fell ahead of its vote tomorrow, while DCRN rose slightly on its deal with Tritium. Of today's SPAC IPOs: 1 rose, and 2 fell. Author: This morning Decarbonization Plus II (DCRN) announced a deal to take Tritium, an Australian EV charge company, public in a $1.4B SPAC deal. The deal has no PIPE and they currently have $403M in trust. The market was, somewhat, pleased with the deal as DCRN rose modestly +1.4%, though it still trades at a sizable discount to NAV at $9.79. This represents a potential ~6% yield opportunity if you ...

SPAC Market Continues Recovery & Biggest SPAC Discounts for Thursday The SPAC market has come back to an equilibrium where pre-deal SPACs trade close to NAV, good deals get rewarded, post-announcement execution can drive big returns, and strong IPOs could see high demand and a little pop too. Author: Apr 8, 2021 SPAC investors should be pleased with how the SPAC market went from "peak SPAC" just a few months ago to operating efficiently. There is still more to get cleared out and any combination of bad deals, silly IPOs, or bad news could change the mood, but for now investors will have confi...

The buyer, Canada-based NextPoint Acquisition Corp., was formed in mid-June with the goal of buying businesses in the alternative lending and financial services sector. The sale is expected to close in the second quarter of this year and is dependent on NextPoint also completing the purchase of LoanMe, an online seller of consumer loans based in Anaheim, Calif. that has been criticized for its high-interest predatory loans in the past.

Betting on ‘blank check’ companies Thimble Point joins growing ranks of so-called SPACs that go public despite owning nothing By Scott Kirsner Globe Correspondent,Updated February 18, 2021, 3:38 p.m. Email to a Friend The Nasdaq exchange has a presence in New York's Times Square via its digital billboard.HIROKO MASUIKE/New York Times These are strange days for the stock market. You can take a company public without actually having a business, customers, or revenue. And if you’re Woody Benson, you can do it from the master bathroom of your home in Bonita Bay, Fla., showing slid...