Summertime
Time to sit back and unwind
Just a bit of a break from the norm
Just a little somethin’ to break the monotony
Of all that hardcore dance that has gotten to be
Ahhh, the sage wisdom of DJ Jazzy Jeff and the Fresh Prince. It’s been an intense month for SPACs and post-holiday break it promises to get even more insane. We are looking at NINE SPACS on file that are all expected to price in July, potentially beating the current record of seven SPACs priced in one month. Plus, we may even have some new filings today or Friday, that could add to the total and no less than FIVE shareholder votes coming up – three to extend (BRAC, GPAQ and WRLS) and two to complete (TBRG and CIC).
However, since today and Friday are sure to be relatively slow, below are some interesting links to help pass the time. It’s shaping up to be one helluva month, so I hope everyone gets a chance to relax and enjoy the holiday.
Note: It’s July 4th tomorrow and unless something crazy gets filed or there’s a major news announcement on Friday, we won’t be back until Monday.
Have a great Fourth of July, everyone!
Links:
Matt Levine, from Bloomberg: Good Investors Make Investing Harder This is sort of stating the obvious, but Matt Levine always makes it an interesting read.
For the depressed, something to make you feel worse: Your Professional Decline Is Coming (Much) Sooner Than You Think
Inside an Amazon Warehouse, Robots’ Ways Rub Off on Humans
A performance-enhancing pill based on the gut bacteria of elite athletes is in the works
The most impressive resume this guy has ever seen
At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...