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Enjoy Technology and Marquee Raine Acquisition Corp Name Denise Young Smith and Salaam Coleman Smith as Nominees for Post-Closing Board of Directors

Enjoy Technology and Marquee Raine Acquisition Corp Name Denise Young Smith and Salaam Coleman Smith as Nominees for Post-Closing Board of Directors
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Benzinga s Top Ratings Upgrades, Downgrades For July 13, 2021

Benzinga s Top Ratings Upgrades, Downgrades For July 13, 2021
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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Marquee Raine Acquisition Corp

LOKB, STWO, LSAQ Announce SPAC Deals

LOKB, STWO, LSAQ Announce SPAC Deals An unusually busy SPAC Friday with three deals and GAMC announcing full over-allotment exercised by underwriters. Will it be enough to change the narrative? Author: More on the deals here: Could 3 Positively Received Deals Change the Narrative? We ve been saying that it will take multiple positive events for the SPAC mood and overall narrative to change. Is it possible that a triple of deals on Friday will all be positively received and start to turn the narrative? GAMC announcing that their full over-allotment was exercised could also boost the narrative a bit.  That said, it will be a tough shift as yesterday the average pre-deal SPAC closed at $9.88, well off of NAV and almost 85% of SPACs with announced deals traded down. 

SPACs Get Beat Up Again

SPACs Get Beat Up Again SPACs are getting increasingly battered as IPOs are scarce, pre-deal SPACs fall consistently below NAV, and announced deals continue to weaken. EV SPACs got hammered as two deals closed. Author: Another rough day for SPACs as the average price for a pre-deal SPAC is now down to $9.88. SPACs with announced deals fared even worse with almost 85% trading down today.   This morning did see one M&A announcement (see below), but that brings the week s total to just two announced and neither impressed.  It s clear the pace will remain slow until peak deal - i.e. when the 420+ SPACs that are searching for targets and feeling the pressure - forces the hand of the SPACs. Those SPACs are trading at an

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