Daily SPAC Update – June 7, 2024

by | Jun 7, 2024

CHEB/U $75M IPO. PLTN / DSY Big Tree Cloud DeSPAC. TENK Fixes Incorrect Redemption Payments. DHAC + VSee Health Deal Vote. TETE Extension Vote. INQA, VMCA Extend.

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Daily SPAC Update

SPAC IPO
Jun 07: CHEB – Chenghe Acquisition II Co. $75M IPO

DeSPACs
PLTN to DSY (Big Tree Cloud) * on Jun 07

MERGER VOTES
DHAC + VSee Health

EXTENSION VOTES
TETE – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP * vote June 7, 2024 -> extend monthly from May 20, 2024 to January 20, 2025

SPAC VOTE RESULTS
INAQ – INSIGHT ACQUISITION CORP * Extend to Dec 2024 * 481,865 redeemed
VMCA – VALUENCE MERGER CORP I * Extend to August 2024 * 4,343,316 redeemed

SPAC DEAL & EXTENSION VOTES SET
FORL – Four Leaf Acquisition Corp * EXTENSION VOTE SET: Jun 18, 2024 * trust $10.92
SEDA – Sdcl Edge Acquisition Corp * EXTENSION VOTE SET: Jun 27, 2024 * trust $11.03

OTHER SPAC NEWS
TENK – TENX KEANE ACQUISITION * Notified that it underpaid redemptions previously 
WINV – WINVEST ACQUISITION CORP * Investor Deck
PLMI – PLUM ACQUISITION CORP I * Redemption Agreement
COOL – CORNER GROWTH ACQUISITION CORP * Vote Postponed

YESTERDAY’S TOP SPAC GAINERS
15.71% ~ $ 10.90 | SEPA – SEP ACQUISITION CORP (Announced)
8.11% ~ $ 19.46 | DHAC – Digital Health Acquisition Corp. (Announced)
7.63% ~ $ 23.57 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
3.15% ~ $ 9.82 | BITE – Bite Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.89% ~ $ 5.65 | RWOD – Redwoods Acquisition Corp. (Announced)
-8.00% ~ $ 9.77 | BWAQ – Blue World Acquisition Corp (Announced)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.07% ~ $ 10.30 | PUCK – Goal Acquisitions Corp. (Announced)
-3.58% ~ $ 6.46 | DECA – Denali Capital Acquisition Corp. (Announced)

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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