Diamond Eagle is still a question mark…it doesn’t want to leave the nest.
Health Sciences (HSAC) is expected to price their SPAC tonight and possibly Diamond Eagle (DEAC) too. However, Diamond Eagle, Jeff Sagansky’s fifth “Eagle”, was widely reported to be pricing last night, but sometimes the calendar (and the SEC) have other plans. So what are the odds it prices? 50/50 shot. The underwriters will make every effort, but it’s a toss up if they haven’t cleared with the SEC yet.
On the other hand, Health Sciences, the RTW Investments-backed SPAC focusing on BioPharma and Med Tech companies in North America and Europe, is pretty much a lock to go asap. HSAC, while SPAC newbies, has a compelling sector focus and the sponsor and management team are strong. Consequently, there should be significant demand for this deal. Especially since it’s a smaller size at $100 million. Allocations should be tight so look for this one to trade well right out of the gate.
As a reminder, a summary of terms for both SPACs is provided below:
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...