Light day on the SPAC front, with just 1 new deal and no new IPOs pricing or votes today. That being said, the last few weeks of June are still chock full of M&A votes and De-SPAcs to come. For today's news...
Seven Oaks Acquisition (SVOK) rose modestly +0.7% on its announced acquisition of Boxed for $640M - the sole M&A announcement of the morning.
Look out for Fortress Value Acquisition II (FAII) vote tomorrow on its deal with ATI Physical Therapy, we've been noticing a lot of price action around vote-dates and De-SPACs in June. Fortress 1 has been a huge winner, with MP Materials trading steadily > $30.
See below for a list of all upcoming merger votes.
Bloomberg is reporting that Goldman Sachs Acquisition Co II (GSAH) is in advanced talks to take nuclear measurement and analytics company Mirion Tech public in a $2.5B SPAC deal. GSAH dropped -2% on the news to close at $10.06
GS' first foray into SPACs resulted in Vertiv (de-SPAC Feb '20), which has returned over +100% since its de-SPAC date.
Bloomberg is also reporting that Gaming & Hospitality Acquisition Corp (GHAC) is planning a merger with a new target on top of today's announcement that GHAC sponsor Affinity Gaming is merging with Sports Information Group. GHAC closed at $9.81.
RIDE Plummets, Again
Lordstown Motors (RIDE) took another nosedive today, falling almost 19% on news that its CEO and CFO were resigning. While the company searches for a new CEO, director Angela Strand has been appointed Executive Chairwoman of the Company. The abrupt exit comes just a week after they issued a going concern about staying in business.
The market will view this as a company-specific event, and shouldn't taint the overall SPAC market. Investors will be more acutely aware of the heightened risks, and volatile nature, of VC-like investments (i.e. pre-revenue highly speculative plays). Nonetheless it continues the free-fall for the once high-flying maker of EV trucks.
Alussa Energy Acquisition Corp. (ALUS) set its meeting shareholder meeting date as 6/30, with a record date of 4/30 for its merger with FREYR.
Upcoming Merger Votes
Jun 15 | $ 9.95 | FAII - Fortress Value Acquisition Corp. II --> ATI Physical Therapy
Jun 16 | $ 10.02 | CRSA - Crescent Acquisition Corp --> LiveVox TopCo, LLC
Jun 17 | $ 10.00 | ACAC - Acies Acquisition Corp --> PlayStudios, Inc.
Jun 17 | $ 9.86 | HEC - Hudson Executive Investment Corp --> Talkspace
Jun 22 | $ 10.13 | TBA - Thoma Bravo Advantage --> ironSource
Jun 22 | $ 12.50 | FTIV - FinTech Acquisition Corp. IV --> Perella Weinberg Partners LLC
Jun 23 | $ 10.10 | FTOC - FTAC Olympus Acquisition Corp --> Payoneer Inc.
Jun 23 | $ 9.98 | AACQ - Artius Acquisition Inc. --> Origin Materials
Jun 24 | $ 10.26 | FRX - Forest Road Acquisition Corp --> Beachbody, LLC
Jun 24 | $ 10.02 | FIII - Forum Merger III Corporation --> Electric Last Mile, Inc.
Jun 28 | $ 10.77 | IACA - ION Acquisition Corp 1 Ltd --> Taboola
Jun 29 | $ 13.68 | CLII - Climate Change Crisis Real Impact I Acquisition Corp --> EVgo
Jun 29 | $ 10.01 | FCAC - Falcon Capital Acquisition Corp --> sharecare
Jun 29 | $ 10.28 | RACA - Therapeutics Acquisition Corp --> POINT Biopharma
Jun 30 | $ 10.46 | WPF - Foley Trasimene Acquisition Corp. --> Alight Solutions
Jun 30 | $ 10.97 | HOL - Holicity Inc --> Astra
Jun 30 | $ 10.09 | ALUS - Alussa Energy Acquisition Corp --> FREYR
Jun 30 | $ 11.63 | APXT - Apex Technology Acquisition Corporation --> AvePoint, Inc.
Today's Biggest Gainers
6.56% ~ $ 14.29 | LACQ - Leisure Acquisition Corp. (Announced)
5.94% ~ $ 10.35 | NGCA - NextGen Acquisition Corp. II (Pre-Deal)
4.49% ~ $ 11.16 | ARYA - Arya Sciences Acquisition Corp III (Announced)
4.49% ~ $ 11.63 | APXT - Apex Technology Acquisition Corporation (Announced)
4.46% ~ $ 11.47 | VGAC - VG Acquisition Corp (Announced)
3.64% ~ $ 11.97 | PDAC - Peridot Acquisition Corp (Announced)
2.47% ~ $ 9.95 | PLMI - Plum Acquisition Corp. I (Pre-Deal)
1.96% ~ $ 9.87 | PTOC - Pine Technology Acquisition Corp. (Pre-Deal)
1.54% ~ $ 9.87 | SBII - Sandbridge X2 Corp (Pre-Deal)
1.53% ~ $ 9.95 | NGC - Northern Genesis Acquisition Corp. III (Pre-Deal)
1.52% ~ $ 10.00 | GTPB - GORES TECHNOLOGY PARTNERS II, INC. (Pre-Deal)
1.48% ~ $ 9.87 | LIII - Leo Holdings III Corp (Pre-Deal)
1.42% ~ $ 10.74 | LEAP - Ribbit LEAP Ltd (Pre-Deal)
1.35% ~ $ 9.93 | GNAC - GROUP NINE ACQUISITION CORP. (Pre-Deal)
1.32% ~ $ 10.36 | BLSA - BCLS Acquisition Corp. (Pre-Deal)
1.32% ~ $ 10.77 | IACA - ION Acquisition Corp 1 Ltd (Announced)
1.26% ~ $ 10.08 | FVAM - 501 ACQ CORP (Pre-Deal)
Today's Biggest Losers
-7.18% ~ $ 12.03 | TPGY - TPG Pace Beneficial Finance Corp (Announced)
-6.80% ~ $ 18.64 | RSVA - Rodgers Silicon Valley Acquisition Corp (Announced)
-5.05% ~ $ 12.22 | SRAC - Stable Road Acquisition Corp. (Announced)
-4.84% ~ $ 18.09 | ACTC - ArcLight Clean Transition Corp (Announced)
-4.06% ~ $ 24.12 | CCIV - Churchill Capital Corp IV (Announced)
-4.05% ~ $ 10.65 | AHAC - Alpha Healthcare Acquisition Corp (Announced)
-4.00% ~ $ 12.23 | TDAC - Trident Acquisitions Corp (Announced)
-3.50% ~ $ 13.24 | PSAC - Property Solutions Acquisition Corp (Announced)
-3.45% ~ $ 15.39 | GHVI - Gores Holdings VI Inc (Announced)
-3.38% ~ $ 12.56 | CMLF - CM Life Sciences Inc (Announced)
-2.81% ~ $ 12.09 | DCRC - Decarbonization Plus Acquisition Corporation III (Pre-Deal)
-2.81% ~ $ 9.70 | EBAC - European Biotech Acquisition Corp. (Pre-Deal)
-2.67% ~ $ 13.13 | THCB - Tuscan Holdings Corp. (Announced)
-2.59% ~ $ 9.79 | GTPA - Gores Technology Partners, Inc (Pre-Deal)
-2.44% ~ $ 9.60 | RKTA - Rocket Internet Growth Opportunities Corp. (Pre-Deal)
-2.39% ~ $ 18.79 | SSPK - Silver Spike Acquisition Corp. (Announced)
-2.39% ~ $ 10.22 | VACQ - Vector Acquisition Corp (Announced)