Silver Spike Acquisition Corp.
Completed 2021-06-15- CIK 1779474
- SSPK
- Now MAPS
- IPO 2019-08-09
- $254M trust
- 491 filings
Successfully merged with WM Holding Company, LLC • Now trading as MAPS
- IPO Size
- $250M
- raised at the IPO
- Trust
- $254M
- as of 2021-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
491 filings over 30 quarters; violet bars carry a milestone
- 19 Q2: 1 filing
- 19 Q3: 25 filings
- 19 Q4: 1 filing
- 20 Q1: 8 filings
- 20 Q2: 7 filings
- 20 Q3: 2 filings
- 20 Q4: 18 filings
- 21 Q1: 21 filings
- 21 Q2: 46 filings
- 21 Q3: 17 filings
- 21 Q4: 23 filings
- 22 Q1: 25 filings
- 22 Q2: 29 filings
- 22 Q3: 11 filings
- 22 Q4: 17 filings
- 23 Q1: 14 filings
- 23 Q2: 21 filings
- 23 Q3: 16 filings
- 23 Q4: 16 filings
- 24 Q1: 12 filings
- 24 Q2: 24 filings
- 24 Q3: 18 filings
- 24 Q4: 27 filings
- 25 Q1: 11 filings
- 25 Q2: 26 filings
- 25 Q3: 12 filings
- 25 Q4: 4 filings
- 26 Q1: 16 filings
- 26 Q2: 15 filings
- 26 Q3: 8 filings
- S-1 filed 19 Q2
- IPO 19 Q3
- Definitive agreement 20 Q4
- Completed 21 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Silver Spike Acquisition Corp. is a newly incorporated blank-check company formed to complete an initial business combination, focusing on compliant businesses in the cannabis industry.
Investment Focus
Cannabis
Key Information
As the filings state it
- IPO Date
- 2019-08-09
- Total Redemptions
- $116K
- PIPE
- $325M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2021-06-15
- Merger Target
- WM Holding Company, LLC
- SPAC Ticker
- SSPK
- Merged Ticker
- MAPS
Stock Performance
MAPSTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2019-10-01 | $9.81 | |
| At Merger | 2021-06-17 | $20.97 | +114% |
| 6 Months Post-Merger | 2021-12-20 | $6.15 | -71% |
| 1 Year Post-Merger | 2022-06-21 | $4.66 | -78% |
| 2 Years Post-Merger | 2023-06-21 | $0.83 | -96% |
| Current Price | 2026-10-02 | $0.36 | -96% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team draws on Silver Spike Capital's investment professionals and their experience in cannabis, consumer products, medical and scientific research, and investment management. Scott Gordon has cannabis and emerging-markets investment experience, and Orrin Devinsky has expertise in cannabis, cannabinoid science, and drug development.