In a positive momentum from PSPC, IPOs also returned

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The history of PSPC is improving. We seem to have gone through the descent of Peak-SPAC and are now in a healthier, more rational market. Activity normalized and performance returned for good business.

Yesterday we mentioned that PSPCs had emerged around De-SPAC agreement / date votes. Keep an eye out for today’s vote, although CCTA is trading well above NAV …

– $ 18.73 | ACTC – ArcLight Clean Transition Corp -> Proterra Inc

Also, those old PSPCs will start trading under their new tickers today – will they have a pop?

independent semiconductor (INDI), Thunderbridge f / k / a acquisition
Quantum-Si (QSI), f / k / a HighCape Capital Acquisition

Yucaipa & SIGNA Sports Companies

IPOs are also back!

After a few weeks of missing the new prices, IPOs are back this week – with 8 (so far) in the market. Three new ones are set to debut in trading today.

SPAC’s IPOs in June:

June 10 | NA | HCNE – Jaws Hurricane Acquisition Company
June 10 | NA | LAAA – Lakeshore Acquisition I Corp.
June 10 | NA | LITT – Logistics Innovation Technologies Corp.
June 09 | $ 9.95 | ISAA – Iron Spark I Inc.
June 09 | $ 9.90 | CLBR – Colombier Acquisition Corp.
June 09 | $ 9.95 | SMIH – Summit Healthcare Acquisition Corp.
June 08 | $ 9.96 | GACQ – Global Consumer Acquisition Corp.
June 07 | $ 10.03 | SPK – SPK Acquisition Corp.

Although downsizing (and coverage of restructuring mandates) has recently been the norm, Barry Sternlicht’s project JAWS Hurricane (HCNE) in fact managed to increase their bid to $ 275 million from $ 250 million. It comes a week after JWS 1 finalized its deal with Cano Health – not surprisingly for the JAWS team to launch their next SPAC.

Yesterday’s price action

The biggest winners

14.16% ~ $ 11.61 | CCX – Churchill Capital Corp II (Announced)
9.64% ~ $ 11.15 | VGAC – VG Acquisition Corp (Announced)
7.96% ~ $ 13.15 | SRAC – Stable Road Acquisition Corp. (Ad)
7.58% ~ $ 13.76 | CLII – Climate Change Crisis Real Impact I Acquisition Corp (Announced)
7.49% ~ $ 10.62 | MAQC – Maquia Capital Acquisition Corporation (Pre-Deal)
6.56% ~ $ 14.29 | LACQ – Leisure Acquisition Corp. (Ad)
4.73% ~ $ 19.26 | RSVA – Rodgers Silicon Valley Acquisition Corp (Announced)
4.49% ~ $ 11.16 | ARYA – Arya Sciences Acquisition Corp III (Announced)
2.94% ~ $ 10.50 | AIAC – ION Acquisition Corp 1 Ltd (Announced)
2.76% ~ $ 11.54 | PDAC – Peridot Acquisition Corp (Announced)
2.37% ~ $ 9.93 | RXRA – RXR Acquisition Corp (Pre-Deal)
2.29% ~ $ 10.50 | ARYD – ARYA Sciences Acquisition Corp IV (Pre-Deal)
1.95% ~ $ 9.95 | TETC – Tech and Energy Transition Corporation (Pre-Deal)
1.94% ~ $ 13.64 | PSAC – Property Solutions Acquisition Corp (Announced)
1.88% ~ $ 11.36 | FWAA – Fifth Wall Acquisition Corp. I (Announced)
1.85% ~ $ 10.99 | DCRC – Decarbonization Plus Acquisition Corporation III (Pre-Deal)

The biggest losers

-4.23% ~ $ 10.87 | HOL – Holicity Inc (Announced)
-4.19% ~ $ 25.38 | CCIV – Churchill Capital Corp IV (Announced)
-4.11% ~ $ 12.61 | TDAC – Trident Acquisitions Corp (Announced)
-3.31% ~ $ 16.36 | RICE – Rice Acquisition Corp. (Ad)
-3.24% ~ $ 12.83 | TPGY – TPG Pace Beneficial Finance Corp (Announced)
-3.02% ~ $ 9.69 | MPAC – Model Performance Acquisition Corp (Pre-Deal)
-2.83% ~ $ 10.00 | EBAC – European Biotech Acquisition Corp. (Pre-Deal)
-2.46% ~ $ 13.11 | THCB – Tuscan Holdings Corp. (Ad)
-2.01% ~ $ 9.74 | PFDR – Pathfinder Acquisition Corporation (Pre-Deal)
-1.95% ~ $ 15.56 | GHVI – Gores Holdings VI Inc (Announced)
-1.78% ~ $ 9.74 | XPDI – Power & Digital Infrastructure Acquisition Corp. (Pre-Deal)
-1.69% ~ $ 9.87 | BOAC – Bluescape Opportunities Acquisition Corp (Pre-Deal)
-1.52% ~ $ 9.75 | LDHA – LDH Growth Corp I (Pre-Deal)
-1.41% ~ $ 9.76 | THMA – Thimble Point Acquisition Corp. (Pre-agreement)
-1.20% ~ $ 9.88 | CFFE – CF Acquisition Corp. VIII (Before the agreement)
-1.16% ~ $ 11.96 | BOWX – BowX Acquisition Corp (Announced)
-1.11% ~ $ 9.77 | APSG – Apollo Strategic Growth Capital (Pre-Deal)

Aging PSPCs

$ 10.69 | 25 months | AGBA – AGBA LIMITED ACQUISITION
$ 10.05 | 23 months | THCA – Tuscan Holdings Corp. II
$ 9.96 | 19 months | MCMJ – Merida Fusion Corp. I
$ 9.99 | 19 months | CHPM – CHP Fusion Corp.
$ 9.95 | 16 months | CASC – CITIC Capital Acquisition Corp
$ 10.14 | 15 months | DFPH – DFP SANTÉ ACQ
$ 9.71 | 15 months | PLMI – Plum Acquisition Corp. I
$ 9.93 | 12 months | TREB – Trebia Acquisition Corp
$ 9.99 | 12 months | BRLI – Brilliant Acquisition Corporation
$ 10.35 | 12 months | GSAH – GS Acquisition Holdings Corp II
$ 9.82 | 11 months | CPSR – Capstar Special Purpose Acquisition Corp.
$ 9.79 | 11 months | HPX – HPX Corp
$ 9.80 | 11 months | ERES – East Resources Acquisition Company
$ 10.13 | 11 months | GRCY – Greencity Acquisition Corp
$ 9.87 | 11 months | PRPB – CC NEUBERGER PR
$ 9.79 | 11 months | ETAC – E.Merge Technology Acquisition Corp.
$ 9.84 | 10 months | YAC – Yucaipa Acquisition Company

More from Boardroom Alpha

Learn more about Boardroom Alpha For ongoing PSPC payment tracking, analysis and data Boardroom Alpha PSPC Data and Analytics Service.

  • The SPAC tide turns positive
  • Less angst in SPAC Land + Wallbox in $ 1.5 billion SPAC contract
  • SPACs increase, RIDE plunges into continuity
  • PSPC storytelling change: CLOV rises in pre-release, CCIV jumped on Monday
  • VPC impact decreases on Dave deal, more PSPC votes to come
  • A big week for the PSPCs. Will the story continue to improve?
  • Ackman rewrites SPAC’s ‘merger’, de-SPACs heat up
  • 2 PSPCs vote tomorrow amid June merger frenzy
  • Is PSPC’s narrative changing with the success of De-SPAC and Chamath’s new PSPCs?
  • Hot Start for SoFi, while MUDS takes a hit on AMC and Candy Digital News
  • SPAC activity resumes on Memorial Day, remains sharply reduced
  • IPOE adopts vote as Chamath Pens editorial, PACX rises on Acorns deal
  • Chamath IPOE shareholders vote today on the SoFi merger; Tassels and eFFECTOR offers
  • SPAC IPOs Mixed, DCRN Deal Rises Slightly, IPOE / SoFi Coming

(Caveats: This is not investment advice. The author can go on and on about one or more of the actions mentioned in this report.)

About Clara Barnard

Clara Barnard

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