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SPAC IPOs Mixed, DCRN Deal Slightly Rises, IPOE/SoFi Up Next


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 believe that the deal vote (when an investor could redeem its shares) happens within ~4-6 months. ....

New South Wales , Omid Farokhzad , Arya Sciences Acquisition Corp , Me Inc , Churchill Capital Corp , Cf Acquisition Corp , Pivotal Investment Corporation , Forward Acquisition Corp , Health Sciences Acquisitions Corporation , Graf Acquisition Corp , Impact Acquisition Holdings Ii Pre , Deerfield Healthcare Technology Acquisitions Corp , Ts Innovation Acquisitions Corp , Barkbox Inc , Highcape Capital Acquisition Corp , Supernova Partners Acquisition Company Iii Ltd Pre , Dynamics Special Purpose Corp , Crescent Acquisition Corp , Jaws Acquisition Corp , Proterra Inc , Silver Spike Acquisition Corp Ii Pre , Thimble Point Acquisition Corp , Holdings Partnering Corp , Angel Pond Holdings Corp , Acies Acquisition Corp , Janus International Group ,

All Eyes on SPACs and Congress, RIDE Plummets After Hours


All Eyes on SPACs and Congress, RIDE Plummets After Hours
No new SPAC mergers, IPOs or S-1s on Monday as equity markets rose, though SPACs generally stayed flat-ish to down. Lordstown Motors is falling big after hours.
Author:

On a day that there were no new SPAC merger announcements, IPOs or new S-1s there was, however, a hearing in the House targeting the future of SPACs. In short, it could result in new legislation that takes away one of SPAC s perceived advantages over the traditional IPO: safe harbor protections for forward looking statements which could limit SPAC targets freedom to paint rosy financial projections to prospective investors.  ....

Primavera Capital Acquisition Corporation Pre , Frazier Lifesciences Acquisition Corporation Pre , Flame Acquisition Corp , Churchill Capital Corp , Cf Acquisition Corp , Velocity Acquisition Corp Pre , Health Sciences Acquisitions Corporation , Healthcor Catalio Acquisition Corp , Virgin Galactic Holdings , Acquisition Holdings Inc , Diamondpeak Holdings Corp , Ts Innovation Acquisitions Corp , Acquisition Corp , Acquisition Corp Pre , Warburg Pincus Capital Corporation , Silver Spike Acquisition Corp , Rodgers Silicon Valley Acquisition Corp , Property Solutions Acquisition Corp , Jaws Acquisition Corp , Pace Beneficial Finance Corp , Cm Life Sciences Inc , Anzu Special Acquisition Corpi Pre , Ltd Pre , Tishman Speyer Innovation Corp , Waldencast Acquisition Corp , Hudson Executive Investment Corp ,