In another win on Day-1 of new De-SPAC ticker trading, BARK, which just closed its merger with Northern Star Acquisition Co. (STIC) rose nearly 7%. One more example of a recent De-SPAC that has traded up shortly after, following SOFI early this week and others last month. Investors will be sure to watch this price action for future De-SPACs, and, with over 20 this month there are plenty to keep an eye out for (list below).
Jaws Acquisition (JWS) shareholders approved its merger with Cano Health at its vote today. Closing is expected June-3 and trading as CANO on June-4.
Chamath Drops 4 New SPACs
Chamath Palihapitiya filed for 4 new SPAC S-1s in the aftermarket today, this time in conjunction with Kishen Mehta of Suvretta. Chamath's other 6 SPACs were done in partnership with Hedosophia.
Social Capital Suvretta I-IV, (aptly tickered DNAA, DNAB, DNAC, DNAD), have all filed to raise $200M and will specifically target biotechnology. In addition, in splitting with his previous SPACs, these all have no warrants... breaking from a trend of friendlier investor terms. Each of the four mention a sub-sector of particular focus:
Good day for Chamath to hit the market with 4 SPACs? Granted they still have to build a book and ultimately price, but his most recent SPAC, SOFI, has been trading very well in its early de-SPAC Days, up ~11% over the last 5 days and trading at $23.
A look at Chamath's Other SPACs:
ACTC | .43% ~ $ 18.85 | Announced -> Proterra Inc
IPOA | 7.79% ~ $ 31.13 | De-SPAC -> Virgin Galactic Holdings, Inc.
IPOB | 7.35% ~ $ 16.35 | De-SPAC -> OpenDoor Labs Inc.
IPOC | 13.07% ~ $ 8.74 | De-SPAC -> Clover Health Investments, Corp.
IPOD | .19% ~ $ 10.50 | Pre-Deal
IPOE | 2.47% ~ $23.21 | De-SPAC -> SoFi
IPOF | -.29% ~ $ 10.18 | Pre-Deal
RAAC | .00% ~ $ 9.92 | Announced -> Berkshire Grey
RMGB | -.20% ~ $ 9.90 | Announced -> ReNew Power Private Limited
SPRQ | .00% ~ $ 9.93 | Announced -> Sunlight Financial LLC
TSIA | 3.54% ~ $ 11.10 | Announced -> Latch, Inc.
Upcoming Merger Votes
Jun 16 | $ 10.13 | CRSA - Crescent Acquisition Corp --> LiveVox TopCo, LLC
Jun 15 | $ 10.00 | FAII - Fortress Value Acquisition Corp. II --> ATI Physical Therapy
Jun 11 | $ 18.85 | ACTC - ArcLight Clean Transition Corp --> Proterra Inc
Jun 10 | $ 10.00 | VGAC - VG Acquisition Corp --> 23andMe, Inc.
Jun 10 | $ 10.07 | CCX - Churchill Capital Corp II --> Software Luxembourg Holding S.A
Jun 10 | $ 16.00 | SSPK - Silver Spike Acquisition Corp. --> WM Holding Company, LLC
Jun 09 | $ 10.14 | CAPA - HighCape Capital Acquisition Corp --> Quantum-Si
Jun 09 | $ 10.14 | THBR - Thunder Bridge Acquisition II, Ltd --> Indie Semiconductor
Jun 08 | $ 10.27 | ARYA - Arya Sciences Acquisition Corp III --> Nautilus Biotechnology, Inc.
Jun 07 | $ 13.63 | FSRV - FinServ Acquisition Corp --> Katapult Inc.
Jun 04 | $ 14.85 | DFHT - Deerfield Healthcare Technology Acquisitions Corp. --> CareMax Medical Group, LLC
Jun 04 | $ 9.92 | GIX - GigCapital2, Inc. --> Cloudbreak Health, LLC
Jun 03 | $ 13.45 | JIH - Juniper Industrial Holdings, Inc. --> Janus International Group, LLC
Jun 03 | $ 11.10 | TSIA - TS Innovation Acquisitions Corp --> Latch, Inc.
Today's Biggest SPAC Gainers
9.28% ~ $ 23.56 | CCIV - Churchill Capital Corp IV (Announced)
6.84% ~ $ 12.02 | CLII - Climate Change Crisis Real Impact I Acquisition Corp (Announced)
5.98% ~ $ 10.29 | EBAC - European Biotech Acquisition Corp. (Pre-Deal)
5.82% ~ $ 11.45 | THCB - Tuscan Holdings Corp. (Announced)
5.65% ~ $ 11.04 | APXT - Apex Technology Acquisition Corporation (Announced)
5.35% ~ $ 12.20 | MUDS - Mudrick Capital Acquisition Corporation II (Announced)
5.18% ~ $ 14.62 | GHVI - Gores Holdings VI Inc (Announced)
3.54% ~ $ 11.10 | TSIA - TS Innovation Acquisitions Corp (Announced)
3.43% ~ $ 11.17 | SRAC - Stable Road Acquisition Corp. (Announced)
3.34% ~ $ 12.70 | PSAC - Property Solutions Acquisition Corp (Announced)
3.20% ~ $ 10.00 | FRWA - PWP Forward Acquisition Corp. I (Pre-Deal)
2.95% ~ $ 15.02 | RSVA - Rodgers Silicon Valley Acquisition Corp (Announced)
2.71% ~ $ 13.63 | FSRV - FinServ Acquisition Corp (Announced)
2.71% ~ $ 13.64 | TPGY - TPG Pace Beneficial Finance Corp (Announced)
2.48% ~ $ 9.93 | DTOC - Digital Transformation Opportunities Corp. (Pre-Deal)
2.41% ~ $ 14.85 | DFHT - Deerfield Healthcare Technology Acquisitions Corp. (Announced)
2.05% ~ $ 9.95 | LEGA - Lead Edge Growth Opportunities, Ltd (Pre-Deal)
Today's Biggest SPAC Losers
-5.81% ~ $ 12.00 | CMLF - CM Life Sciences Inc (Announced)
-5.72% ~ $ 12.37 | FTIV - FinTech Acquisition Corp. IV (Announced)
-4.60% ~ $ 12.14 | CMII - CM Life Sciences II Inc. (Announced)
-3.65% ~ $ 9.78 | FSRX - FinServ Acquisition Corp. II (Pre-Deal)
-3.59% ~ $ 13.41 | LACQ - Leisure Acquisition Corp. (Announced)
-2.84% ~ $ 9.69 | ISOS - Isos Acquisition Corp. (Pre-Deal)
-2.33% ~ $ 15.51 | RICE - Rice Acquisition Corp. (Announced)
-2.02% ~ $ 9.70 | OPA - Magnum Opus Acquisition Limited (Pre-Deal)
-1.72% ~ $ 9.73 | IPVI - InterPrivate IV InfraTech Partners Inc. (Pre-Deal)
-1.66% ~ $ 9.98 | PANA - Panacea Acquisition Corp. II (Pre-Deal)
-1.61% ~ $ 10.42 | FWAA - Fifth Wall Acquisition Corp. I (Announced)
-1.54% ~ $ 9.62 | VELO - Velocity Acquisition Corp (Pre-Deal)
-1.43% ~ $ 9.66 | HYAC - Haymaker Acquisition Corp. III (Pre-Deal)
-1.36% ~ $ 10.17 | HSAQ - Health Sciences Acquisitions Corporation 2 (Pre-Deal)
-1.02% ~ $ 9.66 | CLAS - Class Acceleration Corp. (Pre-Deal)
-.92% ~ $ 9.73 | TZPS - TZP Strategies Acquisition Corp. (Pre-Deal)
-.90% ~ $ 9.86 | LCA - Landcadia Holdings IV, Inc. (Pre-Deal)
More from Boardroom Alpha
More from Boardroom Alpha For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha's SPAC Data and Analytics service.
- Hot Start for SoFi, while MUDS Takes a Hit on AMC and Candy Digital News
- SPAC Activity Picks Up into Memorial Day, Remain Heavily Discounted
- IPOE Passes Vote as Chamath Pens Op-Ed, PACX Rises on Acorns Deal
- Chamath's IPOE Shareholders Vote Today on SoFi Merger; Acorns and eFFECTOR Deals
- SPAC IPOs Mixed, DCRN Deal Slightly Rises, IPOE/SoFi Up Next
- 200 SPACs Under $10
- SPACs Generally Flat, Mergers Rise Slightly
- SPACs Close Down Again on Sleepy Friday
- BRPA Surges 88% on EUA Rumor, SPACs Generally Trickled Lower
- Don't Rush into SPAC IPOs + DPCM Capital (XPOA) taking Jam City Public
- Crypto Crashed Loudly While SPACs Drop Quietly
- SPAC Market is Healthier Than Most Think
- TPGY/EVBox Deal Falling Apart Would be a Big Blow to SPACs
- Will Chamath's IPOE / SoFi Deal be Impacted by Clover's Whiff?
- 15 SPAC Mergers in 30 Days
- SPACs End Week on a High (Kind of)
- Will SPACs Rebound with the Market?
- Pitchforks out for Chamath and SPACs
- Exclusive SPAC Q&A: Better World Acquisition Corp (BWAC)
- SPACs Remain Discounted, Dell prices IPO
- SPAC Deals Lacking Punch + SWBK Taking Bird Public
- SPAC Stocks Continue Slide Despite M&A Activity
(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)