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Two new SPACs debut (GSRII, FGMC), and SNII Set to Close Next Week

In a quiet day for SPACs and GSRII debut, and SNII announced they expect the Rigetti transaction to close March 2nd.

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Another quiet day (and week) in the SPAC market as broader equity markets remained quite volatile amid uncertainty surrounding Ukraine/Russia. Surprisingly, two SPAC IPO'ed today. 

Elsewhere this week we saw just two new deals announced and one cancelled. It's hard to see a near term catalyst for change as deals are becoming harder and harder to close. 

. Earlier this week, the company raised the proposed deal size by 25%. The company originally filed in January as GLA II Meteora Acquisition.

Each unit consists of one share of common stock, one-sixteenth of a right to receive one share of common stock at the closing of an initial business combination, and one warrant, exercisable at $11.50. Each unit previously contained one share of common stock, one-twentieth of a right, and one-half of a warrant. 

. The IPO consisted of 7M units with each unit consisting of one share of common stock and three-quarters of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of common stock at $11.50 per share. 

The SPAC will focus on a target business in the financial services industry in North America.

Screen Shot 2022-02-25 at 5.01.10 PM

Upcoming Merger Votes

Feb 28 | $ 9.31 | SNII - Supernova Partners Acquisition Company II, Ltd. --> Rigetti Co, Inc.
Mar 08 | $ 9.97 |
Mar 09 | $ 9.96 |
Mar 15 | $ 9.96 |
Mar 16 | $ 9.94 |
Mar 22 | $ 9.92 |
Mar 29 | $ 9.91 |
Mar 31 | $ 9.96 |

- Healthcare Capital Corp. (Announced)
2.87% ~ $ 9.31 | - Supernova Partners Acquisition Company II, Ltd. (Announced)
2.46% ~ $ 89.47 | - Digital World Acquisition Corp. (Announced)
2.28% ~ $ 10.54 | - Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
1.44% ~ $ 9.84 | - IX Acquisition Corp. (Pre-Deal)
1.08% ~ $ 10.27 | - Social Capital Hedosophia Holdings Corp VI (Pre-Deal)
1.00% ~ $ 10.10 | - Social Capital Hedosophia Holdings Corp IV (Pre-Deal)
.95% ~ $ 12.72 | - CF Acquisition Corp. VI (Announced)
.60% ~ $ 10.02 | - Talon 1 Acquisition Corp (Pre-Deal)
.51% ~ $ 9.88 | - Sierra Lake Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.90 | - Pegasus Digital Mobility Acquisition Corp. (Pre-Deal)
.45% ~ $ 9.95 | - Angel Pond Holdings Corp (Announced)
.41% ~ $ 9.69 | - EG Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.70 | - Portage Fintech Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.74 | - Ross Acquisition Corp II (Pre-Deal)
.41% ~ $ 9.84 | - Pearl Holdings Acquisition Corp (Pre-Deal)
.41% ~ $ 9.86 | - Southport Acquisition Corporation (Pre-Deal)
.41% ~ $ 9.86 | - ITHAX Acquisition Corp. (Announced)
.41% ~ $ 9.88 | - ExcelFin Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.91 | - Spree Acquisition Corp. 1 Ltd (Pre-Deal)

- Jaws Juggernaut Acquisition Corporation (Pre-Deal)
-.70% ~ $ 9.86 | - Lakeshore Acquisition I Corp. (Pre-Deal)
-.56% ~ $ 9.77 | - Gesher I Acquisition Corp. (Pre-Deal)
-.52% ~ $ 9.65 | - Thunder Bridge Capital Partners IV, Inc. (Pre-Deal)
-.51% ~ $ 9.77 | - INSU Acquisition Corp. III (Pre-Deal)
-.51% ~ $ 9.83 | - Bullpen Parlay Acquisition Co (Pre-Deal)
-.51% ~ $ 9.85 | - Sportsmap Tech Acquisition Corp. (Pre-Deal)
-.49% ~ $ 10.21 | - USHG Acquisition Corp. (Announced)
-.41% ~ $ 9.62 | - Coliseum Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.68 | - Acropolis Infrastructure Acquisition Corp. (Pre-Deal)
-.41% ~ $ 9.71 | - Jaws Hurricane Acquisition Corporation (Pre-Deal)
-.41% ~ $ 9.78 | - FinTech Acquisition Corp. VI (Pre-Deal)
-.41% ~ $ 9.81 | - 501 ACQ CORP (Pre-Deal)
-.40% ~ $ 9.93 | - Digital Health Acquisition Corp. (Pre-Deal)
-.35% ~ $ 9.88 | - Arogo Capital Acquisition Corp. (Pre-Deal)
-.32% ~ $ 10.00 | - Nocturne Acquisition Corporation (Pre-Deal)
-.31% ~ $ 9.68 | - Post Holdings Partnering Corporation (Pre-Deal)
-.31% ~ $ 9.70 | - FTAC Parnassus Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.71 | - Trajectory Alpha Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.71 | - InterPrivate IV InfraTech Partners Inc. (Pre-Deal)

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    (Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report.)