SOFI Starts Strong; JWS Votes on Cano; BARK Makes it Official
June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
Stay updated with breaking news from Tech Acquisition. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
With the SoFi vote in the rearview focus turns to execution, and will IPOD/IPOF find deals soon? Today's mergers, PACX and LWAC, rose slightly.
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 ...
SPACs Close Down Again on a Sleepy Friday SPACs closed down on the day again, with the average pre-deal SPAC trading at $9.80. No new deals today, with just 4 announced on the week. Author: ** It's definitely been a sad May for SPACS with little good news to get investors excited. That being said, we continue to reiterate our view that the slowdown is positive for the longterm health of the broader SPAC market. Little activity today with no new mergers getting announced, and just one new IPO traded with Graf Acquisition Corp. closing down 0.7%. SPACs slid lower, once again, and the averag...
Aerpio Pharmaceuticals, Inc. (NasdaqCM:ARPO) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of ARPO with Aadi Bioscience, Inc. If you are an investor, and would like information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Altabancorp (NasdaqCM:ALTA) – Glacier Bancorp, Inc. (NasdaqGS:GBCI) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with ...