Author: Anthony Sozzi

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October 2024 Corporate Actions Analysis

October continued the recent trend of SPAC teams seeking additional extensions beyond their first one, as they work on closing their combinations with the remaining funds after redemptions. Meanwhile, new SPACs are launching IPOs and beginning their search processes, signaling a shift in the market. Extension Votes In October, there were 13 scheduled extension votes.
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proxy-votes-corporate-actions-v2
proxy-votes-corporate-actions-v2
proxy-votes-corporate-actions-v2
proxy-votes-corporate-actions-v2

May Corporate Actions Analysis

As May wraps up, we’ve continually seen teams push the boundaries with multiple extensions before being able to close business combinations. Along the way, the factors for securing funds in the trust account seem to be a never-ending battle which lets teams get creative with either securing the funds in the trust account and/or providing
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April Corporate Actions Analysis

As the month closes, the urgency among teams to get shareholder approval for more time to finalize business combinations continues to grow. The deadline for completing these combinations is increasingly extended as teams face rising timelines and gradually diminishing trust funds due to multiple extensions. Extension Votes April, much like the previous months, has seen
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proxy-votes-corporate-actions-v2

February Corporate Actions Analysis

Contributions to trust are typically expected from sponsors looking to retain as much of the trust account as possible that need additional time to complete business combinations. With “time to complete” steadily increasing over the past months, redemptions from the trust account do not look to be slowing down, regardless of what SPAC teams do
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January Corporate Actions Analysis

In this monthly analysis, we’ll be exploring SPAC Corporate Actions in January 2024 and parsing the results to identify any trends.  This month the SPAC market experienced numerous extension and completion votes, reflecting a continued trend of longer durations from IPO to deal closure and higher share redemptions. Extension Votes The new year started off
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IPO-Pricing
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November Corporate Actions Analysis

In this monthly analysis, we’ll be exploring SPAC Corporate Actions in November 2023 and parsing the results to identify any trends.  This month the SPAC market experienced numerous extension and completion votes, reflecting a trend of longer durations from IPO to deal closure and higher share redemptions, amidst challenges like cost management through altered trust
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October Corporate Actions Analysis

In this monthly analysis, we’ll be exploring SPAC extension votes in October 2023 and parsing the results to identify any trends.  We’ll look at the choices made by 19 SPACs regarding trust contributions, highlighting varying strategies, from fixed per-share amounts to fixed-dollar contributions per month. We’ll also dig into the relationship between extension lengths proposed
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IPO-Pricing
IPO-Pricing
IPO-Pricing

Larkspur Health Acquisition Corp. (LSPRU) Prices $75M IPO

Dec 20, 2021 IPOs by Anthony Sozzi

Larkspur Health Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LSPRU” Tuesday, December 21.

The new SPAC intends to focus on companies in the biotechnology sector and would benefit from access to public markets and the operational and strategic expertise of our management team and board of directors.

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IPO-Pricing
IPO-Pricing
IPO-Pricing

Energem Corp. (ENCPU) Prices $100M IPO

Nov 16, 2021 IPOs by Anthony Sozzi

Energem Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ENCPU” Tuesday, November 16.

The new SPAC intends to focus on the energy value chain with an immediate plan to focus on South East Asia and Asia Pacific Regions (outside of China and Hong Kong), specifically in the oil and gas and other potential renewable energy businesses.

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IPO-Pricing