Daily SPAC Update – Jan 25, 2024

by | Jan 25, 2024

Daily SPAC Update for Jan 25, 2024. Extension votes for CSTAF and JWSM. Votes set for ENCP, DPCS, and MAQC. LGST vote delayed.

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TODAY’S SPAC EXTENSION VOTES
CSTAF – CONSTELLATION ACQUISITION CORP I * 12 monthly extensions to Jan 29, 2025
JWSM – JAWS MUSTANG ACQUISITION CORP * extend to Feb 4, 2025

SPAC VOTES SET
ENCP – ENERGEM CORP * Extension Vote Set: Feb 16, 2024 * trust $11.47
DPCS – DP CAP ACQUISITION CORP I * Extension Vote Set: Feb 08, 2024 * trust $10.91
MAQC – MAQUIA CAPITAL ACQUISITION CORP * Extension Vote Set: Feb 05, 2024 * trust $10.91

OTHER SPAC NEWS
LGST – SEMPER PARATUS ACQUISITION CORP * Delayed vote to Jan 31
JWSM – JAWS MUSTANG ACQUISITION CORP * Announces redemptions in advance of meeting * 1,023,321 redeemed

YESTERDAY’S TOP SPAC GAINERS
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
4.93% ~ $ 9.36 | DMAQ – Deep Medicine Acquisition Corp. (Announced)
3.59% ~ $ 11.25 | PPYA – Papaya Growth Opportunity Corp. I (Pre-Deal)
3.29% ~ $ 10.99 | FICV – Frontier Investment Corp (Pre-Deal)
.73% ~ $ 11.01 | FTII – Future Tech II Acquisition Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-24.83% ~ $ 38.15 | DWAC – Digital World Acquisition Corp. (Announced)
-16.03% ~ $ 5.69 | NCAC – Newcourt Acquisition Corp (Announced)
-12.46% ~ $ 9.34 | MEAC – Mercury Ecommerce Acquisition Corp (Announced)
-9.32% ~ $ 4.97 | DECA – Denali Capital Acquisition Corp. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)

Recent Analysis

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.

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

Impactive Capital Secures Full Three-Seat Slate at WEX

Impactive Capital has reached a cooperation agreement with WEX Inc., securing all three board seats it sought. The agreement follows a proxy contest and addresses WEX’s underperformance, trailing the S&P 500 by 24 points on a three-year CAGR basis.

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