By David Pogemiller
DPCM Capital (XPOA) is taking Jam City Public in a deal valued at $1.2b. Plus, SPAC investors won’t want to rush into IPOs, but may prefer discounted SPACs with announced deals.
Wednesday was a day where crypto crashed loudly and SPACs quietly dropped. The average pre-deal SPAC is now trading at $9.81 with many available well below that.
This morning we have one deal out with DPCM Capital (XPOA) taking Jam City Public in a transaction valued at $1.2b. Jam City is a mobile gaming company and investors will like that it has a solid existing book of revenue and the forecasts provide are more near term and less aggressive than many recent deals. You can see the full investor presentation here.