Daily SPAC Update – Feb 20, 2024

by | Feb 20, 2024

DWAC Sets Deal Vote. CMCA, CFFS, BNIX Extension Votes Set. Deal Deck for LBBB. GIA + QT Imaging Deal Vote. ACAC Announces Deal with Foxx Development.

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Daily SPAC Update

MERGER VOTES
GIA + QT IMAGING, INC.

SPAC VOTES SET
DWAC – DIGITAL WORLD ACQUISITION CORP * Deal Vote Set: Mar 22, 2024 * trust $10.87
RWOD – REDWOODS ACQUISITION CORP * Deal Vote Set: Mar 08, 2024 * trust $11.02
CMCA – CAPITALWORKS EMERGING MARKETS ACQUISITION CORP * Extension Vote Set: Feb 29, 2024 * trust $11.07
CFFS – CF ACQUISITION CORP VII * Extension Vote Set: Mar 14, 2024
BNIX – BANNIX ACQUISITION CORP * Extension Vote Set: Mar 08, 2024 * trust $10.99

SPAC VOTE RESULTS
AACI – ARMADA ACQUISITION CORP I * Extend to Aug 17, 2024 * 945,662 redeemed * trust $10.98
BITE – BITE ACQUISITION CORP * Extend to Aug 17, 2024 * 518,880 redeemed * trust $10.70
ADRT – AULT DISRUPTIVE TECHNOLOGIES CORP * Extend to Dec 20, 2024
LBBB – LAKESHORE ACQUISITION II CORP * Deal Approved * 1,246,563 redeemed

SPAC DEAL
ACAC – ACRI CAPITAL ACQUISITION CORP * SPAC Deal Announced w/ Foxx Development

OTHER SPAC NEWS
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Deal Investor Deck
VAQC – VECTOR ACQUISITION CORP II * To liquidate March 4 * trust $10.69
WEL – INTEGRATED WELLNESS ACQUISITION CORP * Announces ownership change
LCAA – L CATTERTON ASIA ACQUISITION CORP * Announces PIPE changes

YESTERDAY’S TOP SPAC GAINERS
18.38% ~ $ 10.66 | APAC – StoneBridge Acquisition Corp. (Announced)
4.90% ~ $ 10.92 | ARRW – Arrowroot Acquisition Corp. (Announced)
1.83% ~ $ 11.13 | SKGR – SK Growth Opportunities Corp (Pre-Deal)
.87% ~ $ 11.65 | BREZ – Breeze Holdings Acquisition Corp (Announced)
.75% ~ $ 10.78 | CPTK – Crown PropTech Acquisitions (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.06% ~ $ 6.39 | SZZL – Sizzle Acquisition Corp. (Announced)
-10.06% ~ $ 4.38 | LBBB – Lakeshore Acquisition II Corp. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-6.56% ~ $ 13.07 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
-4.60% ~ $ 9.54 | WNNR – Andretti Acquisition Corp. (Announced)

 

Recent Analysis

Daily SPAC: VACI-NorthStar, AIIR – May 18, 2026

Viking Acquisition Corp I (VACI) amended its NorthStar merger agreement, revising redemption timing and closing steps and clarifying tax treatment. Separately, CAEP completed its Air DeSPAC as AIIR. May MTD reached 11 SPAC IPOs / $1,775M through 18 days vs. 6 / $785M over the same span last month.

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

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.

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