Independent Research, SPACs, SPAC Track

SPAC Track

Independent Research, SPACs

Equity Capital Markets

Scilex Holding Company is an innovative revenue-generating company focused on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain. Its commercial products include ZTlido® for postherpetic neuralgia, ELYXYB® for migraine, and GLOPERBA® for gout flares. The company is headquartered in Palo Alto, California, and was founded in 2019.

<ul><li>Vickers Vantage Corp. I (VCKA) &amp; Scilex Holding Company (a subsidiary of Sorrento Therapeutics) (Valuation: $440M EV)</li><li>Pono Capital Corp (PONO) &amp; Benuvia (Valuation: $440M EV)</li><li>Brookline Capital Acquisition Corp. (BCAC) &amp; Apexigen (Valuation: $205M pre-money equity)</li></ul>

Vickers Vantage Corp. I (VCKA) &amp; Scilex Holding Company (a subsidiary of Sorrento Therapeutics) (Valuation: $440M EV)Pono Capital Corp (PONO) &amp; Benuvia (Valuation: $440M EV)Brookline Capital Acquisition Corp. (BCAC) &amp; Apexigen (Valuation: $205M pre-money equity)

Endurance Acquisition Corp / Equity Capital Markets

Endurance Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

<ul><li>Endurance Acquisition Corp. (EDNC) &amp; SatixFy (Valuation: $632M EV)</li><li>AMCI Acquisition Corp. II (AMCI) &amp; LanzaTech NZ (Valuation: $1.82B EV)</li><li>Rosecliff Acquisition Corp (RCLF) and Gett mutually agree to terminate their merger due to current market conditions</li></ul>

Endurance Acquisition Corp. (EDNC) &amp; SatixFy (Valuation: $632M EV)AMCI Acquisition Corp. II (AMCI) &amp; LanzaTech NZ (Valuation: $1.82B EV)Rosecliff Acquisition Corp (RCLF) and Gett mutually agree to terminate their merger due to current market conditions

Provident Acquisition Corp / Equity Capital Markets

Provident Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

<ul><li>Provident Acquisition Corp. (PAQC) &amp; Perfect Corp. (Valuation: $1.02B EV)</li><li>FTAC Athena Acquisition (FTAA) and Pico’s business combination agreement was terminated</li><li>Caravelle, “a global carbon-neutral ocean-going technology company”, has signed a letter of intent with Pacifico Acquisition Corp. (PAFO) on 12/31, apparently</li></ul>

Provident Acquisition Corp. (PAQC) &amp; Perfect Corp. (Valuation: $1.02B EV)FTAC Athena Acquisition (FTAA) and Pico’s business combination agreement was terminatedCaravelle, “a global carbon-neutral ocean-going technology company”, has signed a letter of intent with Pacifico Acquisition Corp. (PAFO) on 12/31, apparently

Delwinds Insurance Acquisition Corp / Equity Capital Markets

Delwinds Insurance Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

Delwinds Insurance Acquisition Corp (DWIN US)

<ul><li>Delwinds Insurance Acquisition Corp. (DWIN) &amp; FOXO Technologies (Valuation: $369M EV)</li><li>Brilliant Acquisition Corp (BRLI) &amp; Nukkleus (Valuation: $140M pre-money EV)</li><li>Nasdaq is taking steps to remove SoftBank-backed View (VIEW) from its exchange after the glassmaker failed to meet another deadline to file missing financials</li></ul>

Delwinds Insurance Acquisition Corp. (DWIN) &amp; FOXO Technologies (Valuation: $369M EV)Brilliant Acquisition Corp (BRLI) &amp; Nukkleus (Valuation: $140M pre-money EV)Nasdaq is taking steps to remove SoftBank-backed View (VIEW) from its exchange after the glassmaker failed to meet another deadline to file missing financials

Inspirato Incorporated operates as a luxury travel subscription company. The Company provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure the service and certainty that affluent customers demand. Inspirato serves customers worldwide.

<ul>
<li>High redemption De-SPAC low float “squeezes” have returned in a big way, apparently.</li>
<li>Starting with Inspirato (ISPO) on Thursday with seemingly all other low float (due to very high redemptions) De-SPACs following suit</li>
<li>Software Acquisition Group Inc. III (SWAG) &amp; Nogin (Valuation: $646M EV)</li>
</ul>


High redemption De-SPAC low float “squeezes” have returned in a big way, apparently.
Starting with Inspirato (ISPO) on Thursday with seemingly all other low float (due to very high redemptions) De-SPACs following suit
Software Acquisition Group Inc. III (SWAG) &amp; Nogin (Valuation: $646M EV)


An inspiration to all of the SPACs facing high redemptions