'SPACS Attack' Weekly Recap: 8 Deals, New SPACs To Watch And Headline News

By Benzinga6 days ago

The four-day trading week saw no weakness in SPAC deal announcements or headlines, all of which we followed on Benzinga's SPACS Attack show.

Here is a look back at the deals announced, some new SPACs to watch and top headlines.

SPAC Deals: There were eight announced SPAC deals during the week. The results were mixed as we saw some strong pops on deals and several of the names end their announcement day trading down.

Satellite company BlackSky announced a merger with Osprey Technology Acquisition Corp (NYSE: SFTW). The deal included financial backing from Peter Thiel. BlackSky uses artificial intelligence and machine learning with its observation satellites. The company has five satellites in commercial operation, with plans to add nine more in 2021.

Cathie Wood’s Ark Invest was part of the financial backing on a merger of Quantum-Si with SPAC HighCape Capital Acquisition Corp (NASDAQ: CAPA). Quantum-Si was founded by Jonathan Rothberg, the same founder of Butterfly Network Inc (NYSE: BFLY), which just recently went public. Planning to launch a chip-based proteomics solution, Qunatum-Si believes it can change the protein and genomics market.

Origin Materials, which uses wood residue and non-food sources to create useful materials, is merging with Artius Acquisition (NASDAQ: AACQ). The company bills itself as a “carbon negative“ materials play and is backed by PepsiCo (NASDAQ: PEP), Danone and Nestle SA (OTC: NSRGY).

Battery Recycler Li-Cycle is merging ...

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