Daily SPAC Update – March 6, 2024

by | Mar 6, 2024

Lists of SPAC Bankruptcies & 2024 DeSPAC Performance. ROSS Extension Vote. ESAC + Sunergy Deal Vote. LIBY Redemption Update.

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Daily SPAC Update

MERGER VOTES
ESAC + Sunergy

EXTENSION VOTES
ROSS – ROSS ACQUISITION CORP II * vote March 6, 2024 -> extend to Sept 16, 2024

SPAC VOTES SET
CITE – CARTICA ACQUISITION CORP * Extension Vote Set: Apr 03, 2024 * trust $11.07
BWAQ – BLUE WORLD ACQUISITION CORP * Extension Vote Set: Mar 26, 2024 * trust $11.14
DSAQ – DIRECT SELLING ACQUISITION CORP * Extension Vote Set: Mar 21, 2024 * trust $11.13

SPAC VOTE RESULTS
HCMA – HCM ACQUISITION CORP * Deal Approved * 1,538,989 redeemed

REDEMPTION UPDATE
LIBY – LIBERTY RESOURCES ACQUISITION CORP * Redemption update * 3,037,062 redeemed * trust $11.20

DeSPAC BANKRUPTCIES
AVCT – AMERICAN VIRTUAL CLOUD TECHNOLOGIES
APPH – APPHARVEST
BRDS – BIRD GLOBAL
BOXD – BOXED
CANO – CANO HEALTH
CRXT – CLARUS THERAPEUTICS HOLDINGS
CORZ – CORE SCIENTIFIC
CYXT – CYXTERA TECHNOLOGIES
ELMS – ELECTRIC LAST MILE SOLUTIONS
ENJY – ENJOY TECHNOLOGY
FSRD – FAST RADIUS
GLSH – GELESIS HOLDINGS
IRNT – IRONNET
KALR – KALERA PUBLIC LTD CO
RIDE – LORDSTOWN MOTORS CORP
NOGN – NOGIN
IDIC – PARTS ID
PEAR – PEAR THERAPEUTICS
PTRA – PROTERRA
QTEK – QUALTEK SERVICES
QNGY – QUANERGY SYSTEMS
RKLY – ROCKLEY PHOTONICS HOLDINGS LTD
SFTG – SHIFT TECHNOLOGIES
STRY – STARRY GROUP HOLDINGS
SUNL – SUNLIGHT FINANCIAL HOLDINGS
TTCF – TATTOOED CHEF
UPHL – UPHEALTH
VORB – VIRGIN ORBIT HOLDINGS
WEJO – WEJO GROUP LTD
WEWK – WEWORK

2024 DeSPAC PERFORMANCE
-94.6%    Solidion Technology Inc (STI)
-92.3%    Dih Holding Us Inc (DHAI)
-91.8%    Semilux International Ltd (SELX)
-91.4%    Psyence Biomedical Ltd (PBM)
-90.0%    Hwh International Inc (HWH)
-88.2%    Trugolf Holdings Inc (TRUG)
-86.9%    New Horizon Aircraft Ltd (HOVR)
-83.7%    Griid Infrastructure Inc (GRDI)
-81.5%    Atlasclear Holdings Inc (ATCH)
-74.0%    Cero Therapeutics Holdings Inc (CERO)
-62.1%    Pinstripes Holdings Inc (PNST)
-42.2%    Lotus Technology Inc (LOT)
-22.8%    Tevogen Bio Holdings Inc (TVGN)
0.4%    Bitfufu Inc (FUFU)
12.4%    Critical Metals Corp (CRML)

YESTERDAY’S TOP SPAC GAINERS
34.72% ~ $ 6.79 | ENCP – Energem Corp (Announced)
9.79% ~ $ 5.27 | LBBB – Lakeshore Acquisition II Corp. (Announced)
6.61% ~ $ 5.00 | HCMA – HCM Acquisition Corp (Announced)
6.38% ~ $ 12.01 | APAC – StoneBridge Acquisition Corp. (Announced)
6.09% ~ $ 6.10 | DECA – Denali Capital Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-12.54% ~ $ 12.42 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
-11.41% ~ $ 5.90 | ESAC – ESGEN Acquisition Corp (Announced)
-5.90% ~ $ 11.01 | GMFI – Aetherium Acquisition Corp (Announced)
-4.57% ~ $ 10.45 | RWOD – Redwoods Acquisition Corp. (Announced)
-3.25% ~ $ 10.43 | XPDB – Power Digital Infrastructure Acquisition II Corp. (Announced)

 

Recent Analysis

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.

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.

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