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SPAC Weekly Wrap: Signs of Life in SPAC Land


SPAC Weekly Wrap: Signs of Life in SPAC Land
The SPAC market has stabilized a bit as things almost got back to normal this week. Several M&A deals were announced with some (RICE, MUDS) performing quite well. Pre-IPO activity remained light though and two were downsized.
Author:
Apr 9, 2021
A bit of return to normalcy this week as it feels like the low point of the SPAC market is behind us. New issues actually traded up (unlike the tail end of March) and several deals were met with investor enthusiasm. Highlights include:
Rice Acquisition RICE soaring day-1 +52% on its announcement of Aria/Archaea ....

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Medicus Sciences Acquisition Corp. Announces Pricing of $80,000,000 Initial Public Offering

Medicus Sciences Acquisition Corp. (the "Company," or "MSAC") announced today the pricing of its initial public offering of 8,000,000 units, at a price to the public of $10.00 per unit, for aggregate gross proceeds of $80,000,000. Each unit consists of (i) one Class A ordinary share, (ii) one-ninth of one redeemable warrant, and (iii) a contingent right to receive, in certain circumstances, at least two-ninths of one redeemable warrant following the initial business combination. The units are expected to begin trading on the Nasdaq Capital Market on February 16, 2021 under the symbol "MSAC.U". The offering is expected to close on February 18, 2021, subject to customary closing conditions. ....

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Mid-day market update: Crude Oil rises over 2%; AMC Entertainment (AMC Stock) shares slide


2/8/2021 7:02:43 PM GMT
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By Benzinga Team
Midway through trading Monday, the Dow traded up 0.46% to 31,292.52 while the NASDAQ rose 0.56% to 13,933.76. The S&P also rose, gaining 0.38% to 3,901.78.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 27,008,090 cases with around 463,480 deaths. India confirmed a total of at least 10,838,190 confirmed cases and 155,080 deaths, while Brazil reported over 9,524,640 COVID-19 cases with 231,530 deaths. In total, there were at least 106,220,640 cases of COVID-19 worldwide with over 2,318,560 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Clean Energy Fuels Corp CLNE 34.97%, up 34%, and  ....

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