Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
Terms Tracker for the Week Ending July 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After last week’s poor IPO performance from the anchor deals, the remaining SPACs on file with an anchor structure are starting to show difficulties in...
In the past few months we’ve seen a number of SPACs IPO using what we like to call “anchor investors”, a term we use as a bit of shorthand. What that means is, the bankers round out the IPO with qualified institutional buyers, sometimes called “non-managing sponsor investors”, that indicate for up to 9.9% of...
Terms Tracker for the Week Ending July 12, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The rush is on to price the SPAC IPOs with anchor investors while they still can and Cantor managed to push out two of them...
Terms Tracker for the Week Ending July 5, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This was a holiday week and July 4th fell on a Thursday this year which meant many offices were sparsely staffed to take advantage of...
Continental Stock Transfer & Trust put out a press release that should provide some comfort to investors in the current Canna-Global/Liqueous saga. That’s because Continental took the unusual position of backstopping Canna-Global’s trust for the 724,000 shares that were incorrectly issued to Liqueous, and which Liqueous has yet to return. For those not familiar with...
An In-Depth Look at SPAC Activity Through the First Half of 2024 Below is a summary of the year-to-date SPAC performance. Q2-2024 started off slow with the usual April doldrums, but SPAC activity has since picked up speed. In fact, June was the first month where many in SPACLand were expressing cautious optimism thanks to...
Terms Tracker for the Week Ending June 28, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As mentioned previously, this is going to an abbreviated summary this week since we’re hard at work summarizing the quarter and the first half of...
Terms Tracker for the Week Ending June 21, 2024 Programming Note: An abbreviated version of the Terms Tracker will be posted next week. In light of the end of the quarter, we will be busy putting together our Half-Year report which should be posted the first week of July. Welcome to our weekly column where...
Eleven new SPACs have filed since the beginning of June, and the number is 12 if we count the May 31st filing of Graf Global Corp. Seven of those 12 are being underwritten by Cantor, which has always been a very active SPAC underwriter. But you know who else used to be very active? Credit...