Summertime
Time to sit back and unwind
Just a bit of a break from the norm
Just a little somethin’ to break the monotony
Of all that hardcore dance that has gotten to be
Ahhh, the sage wisdom of DJ Jazzy Jeff and the Fresh Prince. It’s been an intense month for SPACs and post-holiday break it promises to get even more insane. We are looking at NINE SPACS on file that are all expected to price in July, potentially beating the current record of seven SPACs priced in one month. Plus, we may even have some new filings today or Friday, that could add to the total and no less than FIVE shareholder votes coming up – three to extend (BRAC, GPAQ and WRLS) and two to complete (TBRG and CIC).
However, since today and Friday are sure to be relatively slow, below are some interesting links to help pass the time. It’s shaping up to be one helluva month, so I hope everyone gets a chance to relax and enjoy the holiday.
Note: It’s July 4th tomorrow and unless something crazy gets filed or there’s a major news announcement on Friday, we won’t be back until Monday.
Have a great Fourth of July, everyone!
Links:
Matt Levine, from Bloomberg: Good Investors Make Investing Harder This is sort of stating the obvious, but Matt Levine always makes it an interesting read.
For the depressed, something to make you feel worse: Your Professional Decline Is Coming (Much) Sooner Than You Think
Inside an Amazon Warehouse, Robots’ Ways Rub Off on Humans
A performance-enhancing pill based on the gut bacteria of elite athletes is in the works
The most impressive resume this guy has ever seen
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: NYSE president says IPO proceeds fall more than 90% while Nasdaq president remains hopeful for 2023, and Giuliani brothers sell pharma stocks as they invest in biotech SPACs NYSE president says IPO proceeds fall...
InterPrivate II Acquisition Corp. (NYSE:IPVA) disclosed this morning that it has restructured its bonus share agreement in connection to its proposed merger with carsharing marketplace Getaround. The parties previously agreed to reserve and set aside the bonus shares, consisting of 9,333,333 shares, to be allocated to the non-redeeming public stockholders, the designees of EarlyBirdCapital and the...
Iris Acquisition Corp. (NASDAQ:IRAA) has entered into a definitive agreement to combine with biotech firm Liminatus at an enterprise value of $334 million. La Palma, California-based Liminatus is a clinical-stage drug developer working on a range of cancer treatments utilizing both preventative vaccines and CAR-T therapies. The combined company is expected to trade on the...
Lakeshore Acquisition Corp. I (NASDAQ:LAAA) announced this morning that it has entered into a non-redemption agreement and amended its purchaser support agreement with initial shareholders in connection to its proposed merger with medical device company ProSomnus. The SPAC entered into non-redemption agreements with certain institutional investors for an aggregate of 200,339 shares of the purchaser. These investors...
The companies and sponsors of six SPAC deals are set to see their lock-ups expire before the end of the year. This is a relatively small monthly total as the wave of deals from 2020 and 2021 are still hitting this milestone. The list nonetheless includes some major names starting with Forafric (NASDAQ:AFRI), which is...