SPAC Daily: 3 DAs to Kick off Week

by | Oct 17, 2022

Happy Monday! 3 new Definitive Agreements were announced today (or technically 2 if you count a Saturday international deal), to kick things off with a little bit of a Merger Monday bang. Included were another private jet company choosing the SPAC route, and a biotech:

Today’s new SPAC DAs

We recap the rest of the day’s SPAC news below.

Elsewhere in SPACs

  • Malacca Straits Acquisition Corp. (MLAC) is likely the lowest-float pre-deal SPAC as it disclosed it has just over 500k shares left in trust following its extension vote
  • Sanaby Health Acquisition Corp. I (SANB) will liquidate on 10/19 at ~$10.22 share
  • Bridgetown Holdings Limited (BTWN) disclosed it has over 15M shares left in trust following its extension vote
  • African Gold Acquisition Corp. (AGAC) is being investigated by the SEC and the DOJ advised that a grand jury subpoena has been issued against them

SPAC Calendar

Today’s Movers

Biggest Gainers

1.96% ~ $ 10.38 | MTRY – Monterey Bio Acquisition Corp (Pre-Deal)
1.83% ~ $ 9.99 | PANA – Panacea Acquisition Corp. II (Pre-Deal)
1.59% ~ $ 10.25 | MAAQ – Mana Capital Acquisition Corp. (Announced)
1.11% ~ $ 10.00 | PNAC – Prime Number Acquisition I Corp. (Pre-Deal)
.92% ~ $ 9.92 | BTWN – Bridgetown Holdings Ltd (Pre-Deal)
.90% ~ $ 10.14 | HNRA – HNR Acquisition Corp (Pre-Deal)
.81% ~ $ 9.94 | XPDB – Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)
.81% ~ $ 10.01 | INTE – Integral Acquisition Corp 1 (Pre-Deal)
.79% ~ $ 10.18 | TGR – Kimbell Tiger Acquisition Corp (Pre-Deal)
.77% ~ $ 10.43 | MPAC – Model Performance Acquisition Corp (Announced)
.70% ~ $ 10.02 | ARTE – Artemis Strategic Investment Corporation (Announced)
.70% ~ $ 10.07 | BRAC – Broad Capital Acquisition Corp (Pre-Deal)
.61% ~ $ 9.82 | SLVR – SILVERspac Inc (Pre-Deal)
.61% ~ $ 9.96 | INAQ – Insight Acquisition Corp. (Pre-Deal)
.60% ~ $ 10.13 | ARGU – Argus Capital Corp. (Pre-Deal)
.52% ~ $ 10.20 | TETE – Technology Telecommunication Acquisition Corp (Pre-Deal)
.51% ~ $ 9.84 | PEGR – Project Energy Reimagined Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.91 | IPVI – InterPrivate IV InfraTech Partners Inc. (Pre-Deal)
.50% ~ $ 9.99 | DUET – DUET Acquisition Corp. (Announced)
.50% ~ $ 10.03 | WWAC – Worldwide Webb Acquisition Corp. (Pre-Deal)

Biggest Losers

-7.89% ~ $ 16.11 | DWAC – Digital World Acquisition Corp. (Announced)
-6.87% ~ $ 9.22 | LMAO – LMF Acquisition Opportunities, Inc. (Announced)
-1.39% ~ $ 9.90 | BOAS – BOA Acquisition Corp. (Announced)
-1.25% ~ $ 10.55 | HHGC – HHG Capital Corporation (Pre-Deal)
-.77% ~ $ 10.30 | FLYA – SOAR Technology Acquisition Corp. (Pre-Deal)
-.59% ~ $ 10.18 | ACEV – ACE Convergence Acquisition Corp (Announced)
-.51% ~ $ 9.81 | HWKZ – Hawks Acquisition Corp (Pre-Deal)
-.41% ~ $ 9.82 | DGNU – Dragoneer Growth Opportunities Corp. III (Pre-Deal)
-.40% ~ $ 9.95 | HZON – Horizon Acquisition Corporation II (Announced)
-.40% ~ $ 9.98 | SMAP – Sportsmap Tech Acquisition Corp. (Pre-Deal)
-.40% ~ $ 10.03 | ALOR – ALSP Orchid Acquisition Corp I (Pre-Deal)
-.40% ~ $ 10.08 | SHAP – Spree Acquisition Corp. 1 Ltd (Pre-Deal)
-.35% ~ $ 9.94 | CHAA – Catcha Investment Corp (Pre-Deal)
-.30% ~ $ 9.83 | PSPC – Post Holdings Partnering Corporation (Pre-Deal)
-.30% ~ $ 9.88 | SPTK – SportsTek Acquisition Corp. (Pre-Deal)
-.30% ~ $ 9.89 | IPVF – InterPrivate III Financial Partners Inc. (Announced)
-.30% ~ $ 9.92 | LDHA – LDH Growth Corp I (Pre-Deal)
-.30% ~ $ 10.13 | AMAO – American Acquisition Opportunity Inc (Announced)
-.29% ~ $ 10.24 | MCAA – Mountain Co. I Acquisition Corp. (Pre-Deal)
-.29% ~ $ 10.43 | MBTC – Nocturne Acquisition Corporation (Pre-Deal)

Recent Analysis

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

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