None

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 ...

Related tickers: WYNN, FST, VELO, SCVX, TPGY, NSTB, HCIC, PFDR, KVSA, AUS.

Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade after the after the Dow Jones and S&P 500 settled at fresh records in the earlier session. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims holding at 205,000 for the December 25 week compared to 205,000 in the previous week. The Chicago PMI for December is scheduled for release at 9:45 a.m. ET, while data on farm prices for November will be released at 3:00 p.m. ET. Futures for the Dow Jones Industrial Average gained 15 points to 36,396.00 while the Standard & Poor’s 500 index futures gained 5 points to 4,789.50. Futures for the Nasdaq index jumped 31.25 points to 16,521.75. The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding ...

Related tickers: EGY, F, FCPT, TPGY.