June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
SPAC IPOs Mixed, DCRN Deal Slightly Rises, IPOE/SoFi Up Next
IPOE fell ahead of its vote tomorrow, while DCRN rose slightly on its deal with Tritium. Of today s SPAC IPOs: 1 rose, and 2 fell.
Author:
This morning
Decarbonization Plus II (DCRN) announced a deal to take Tritium, an Australian EV charge company, public in a $1.4B SPAC deal. The deal has no PIPE and they currently have $403M in trust. The market was, somewhat, pleased with the deal as DCRN rose modestly +1.4%, though it still trades at a sizable discount to NAV at $9.79. This represents
a potential ~6% yield opportunity if you believe that the deal vote (when an investor could redeem its shares) happens within ~4-6 months.
A Sad May for SPACs thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Jay Perezwill be part of an exclusive performance with multiple Grammy-winning producer
Emilio Estefanand the Miami Symphony at the Hard Rock Hotel and Casino in Miami, Florida, on June 8.
“It’s something I always wanted to do here in San Antonio but never got the chance to do it, so now I’m gonna do it, sing with a symphony in Miami. It’s going to be beautiful,” Perez tells
Tejano Nation.
The performance will be part of a corporate event for
Cano Health, a health management company with primary care medical centers in Florida, Texas, Nevada, and Puerto Rico. Perez wasnamed Brand Ambassador for its South Texas medical centersin August 2020.
15 SPAC Mergers in 30 Days thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.