Following today s successful TSIA and JIH votes, GIX and DHFT are set to vote on their mergers tomorrow. Alkuri Acquisition is taking Babylon Health public.
/PRNewswire/ Leisure Acquisition Corp. ("LACQ" or the "Company") (Nasdaq: LACQ, LACQU, LACQW), a special purpose acquisition company formed for the purpose.
TPGY/EVBox Deal Falling Apart Would be a Big Blow to SPACs
The most concerning news is that the TPGY/EVBox SPAC deal may fall apart. Altimar s Blue Owl is expected to close May 19. Today s 3 IPOs traded down as expected.
Author:
This morning we discussed the 3 new IPOs that were set to trade today, and there were no surprises with each closing at or below NAV. Some thought probably more hoped than truly believed that
Catalyst Partners (CPAR), utilizing Goldman s shareholder friendly SOAR structure, would have traded up yet it closed down slightly.
It was an overall risk-off day in equity markets broadly, thus it s tough to read to much into day-1 closing prices. But, what is clear is that the market is not yet ready for more SPAC IPOs, and rather want the market to clear. So, the fast money IPO trade will remain a distant memory for the foreseeable future.