Pathfinder Acquisition Corporation Class A Ordinary Shares

Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies find themselves with a smaller window to complete an acquisition. The timing has to include researching the company, the deal announcement, a proper review by the SEC and the voting date for shareholders. All of these items have to get completed by the deadline. Companies can vote to extend the deadline and in doing so they open ...

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The month of December shows an increasing number of SPAC deal votes. SPAC merger votes can act as a catalyst, as the votes complete the last step in the merger process and change the company over to a new name and ticker that can help build recognition. Several former SPACs also saw wide swings in their share price after being de-SPAC-ed if they receive heavy redemption and have a low float for shares available. December SPAC Merger Calendar: Dec. 1: Aldel Financial Inc (NYSE: ADF) and Hagerty: Auto insurance company Hagerty specializes in providing insurance for classic cars and vehicles. Dec. 2: 890 5th Avenue Partners (NASDAQ: ENFA) and BuzzFeed: Media company BuzzFeed owns brands that include its namesake brand, Complex and Huffington Post. The company generates over 800 million monthly minutes from visitors and holds the number one market share for time spent on digital media properties by Gen Z and Millenials. Dec. 3: GigCapital4 Inc (NASDAQ: GIG) and Big Bear: End-to-end data analytics company BigBear.ai provides data for sectors like national security, defense and the commercial sector. The company uses artificial intelligence and machine learnings at scale to provide decision support. Palantir Technologies (NYSE: PLTR) has a partnership with BigBear.ai. Dec. 3: dMY Technology Group IV (NYSE: DMYQ) and Planet: Satellite company Planet is the largest Earth imaging satellite company in the world. The company has over 200 satellites that produce over 25 terabytes of data every day. Using a Bloomberg-like terminal for Earth data, Planet can offer a “scalable data-as-a-service subscription business.” The company is backed by several prominent companies including Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL). dMY Technology CEO Niccolo de Masi said, “Planet is on the path to becoming one of the most consequential companies in a generation.” Dec. 3: Foresight Acquisition (NASDAQ: FORE) and P3 Health Partners: Patient-centered and physician-led population health management company P3 Health Partners specializes in the Medicare Advantage Market. The company operates in 11 markets in four states with plans to add three to five market annually. Dec. 6: CBRE Acquisition Holdings (NYSE: CBAH) and Altus Power: Clean energy company Altus Power has operations across the country from Vermont to Hawaii. The company has 410 megawatts of solar power in its portfolio and a pipeline of over 900 megawatts of solar power. A SPAC from CBRE Group (NYSE:

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