There was a slowdown in SPAC circulation the previous few weeks giving buyers a chance to take a breath and do their homework. There have been no new SPAC IPOs priced this previous week, the primary such week with no new provide in fairly some time.
The SPAC market may be on track to turn out to be more healthy. Be cautious although the sector hasn’t cleared but and quick sellers will make life arduous for the SPACs and buyers who purchase into overly hyped financials and expertise.
New-media firm Vice Media on Wednesday was said to be in talks to merge with the San Francisco SPAC company 7GC & Co Holdings, media stories recommend.
On March 29, British on-line automotive retailer Cazoo said it would list on the New York Stock Exchange following a merger with New York-listed SPAC Ajax in a deal that values Cazoo at $7 billion.
Tim Collins shared the nine best SPAC stocks to buy from every stage of growth: pre-deal, definitive settlement and post-merger.
Here is a listing of a number of the prime SPAC shares to look at over the following week of buying and selling.
QuantumScape – QS
QuantumScape (QS) – Get Report has been probably the most profitable de-SPAC investments up to now. The inventory is buying and selling +300% when you purchased shares of the predecessor SPAC, Kensington Acquisition, on the IPO value of $10. However, short-seller Scorpion Capital released a scathing short report on QuantumScape this previous Wednesday that despatched shares tumbling over 12% to shut at $35.85.
Altimeter Growth – AGC
Brad Gerstner’s Altimeter Growth is taking Grab Holdings public by way of a $40 billion SPAC merger. Grab Holdings is the main app for deliveries, mobility and monetary providers in Southeast Asia
TWC Tech Holdings II – TWCT
The transaction with TWC Tech Holdings II values Cellebrite equity at $2.4B and is supported by a $300M PIPE. This marks the third deal for Adam Clammer’s True Wind Capital SPACs.
D & Z Media Acquisition – DNZ
D & Z Media Acquisition may take online advertising company Simplifi public. DNZ, co-sponsored by ICE, raised $287.5M in its SPAC IPO again in January. CEO Betty Liu is an skilled media govt and former Vice-Chair of the NYSE.
D8 Holdings Corp – DEH
D8 Holdings Corp agreed to take surgical robotics company, Vicarious Surgical, public at a $1.1B EV valuation. The transaction features a $115M PIPE backed by some heavy-hitters
Consonance-HFW Acquisition Corp – CHFW
Consonance-HFW Acquisition Corp today announced that it is taking Surrozen public, a biotech firm that’s creating medicine to modulate the Wnt signaling pathway, that values the pre-rev firm at a $200 million estimated worth.
All inventory costs are referenced and pulled from Yahoo Finance whereas rankings have been pulled from Barchart.com.
