Daily SPAC Update – July 11, 2024

by David Pogemiller | Jul 11, 2024

KRNL and AACI Deal Votes Set. TGAA, DECA Extensions Approved. CETU Deal Approved. Non-Redemption Agreements for PEGR and CDAQ. VCXB Delays Vote to July 12.

Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

SPAC DEAL & EXTENSION VOTES SET
KRNL – Kernel Group Holdings Inc * DEAL VOTE SET: Jul 31, 2024 * trust $10.80
AACI – Armada Acquisition Corp I * DEAL VOTE SET: Jul 30, 2024 * trust $11.36

SPAC VOTE RESULTS
TGAA – TARGET GLOBAL ACQUISITION I CORP * Extend to Jun 09, 2025 * 2,153,204 redeemed * trust $11.42
DECA – DENALI CAPITAL ACQUISITION CORP * Extend * 3,785,992 redeemed * trust $11.47
CETU – CETUS CAPITAL ACQUISITION CORP * Deal Approved * 2,029,934 redeemed * trust $10.77

OTHER SPAC NEWS
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Trust Update * trust $10.97
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Non-Redemption Agreement
CDAQ – COMPASS DIGITAL ACQUISITION CORP * Non-Redemption Agreement
VCXB – 10X CAPITAL VENTURE ACQUISITION CORP III * Vote Postponed to July 12

DeSPACs
CHAA -> CGBS on Jul 10

SPAC IPO
Jul 10: SIMA – Sim Acquisition Corp. I $200M IPO

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-07-04: COOL + Noventiq
2024-07-02: SEDA + cunova GmbH

YESTERDAY’S TOP SPAC GAINERS
8.31% ~ $ 11.86 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
7.77% ~ $ 10.40 | SEPA – SEP ACQUISITION CORP (Pre-Deal)
1.46% ~ $ 13.90 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)
1.23% ~ $ 11.49 | AFAR – Aura Fat Projects Acquisition Corp (Announced)
1.08% ~ $ 16.83 | ADRT – Ault Disruptive Technologies Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.45% ~ $ 6.51 | CETU – Cetus Capital Acquisition Corp. (Announced)
-9.04% ~ $ 8.25 | MCAC – Monterey Capital Acquisition Corp (Announced)
-1.32% ~ $ 10.43 | CNGL – Canna-Global Acquisition Corp (Pre-Deal)
-1.32% ~ $ 9.75 | PLMI – Plum Acquisition Corp. I (Announced)
-1.14% ~ $ 11.10 | COOL – Corner Growth Acquisition Corp. (Pre-Deal)

Recent Analysis

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.

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

Subscribe to Boardroom Alpha Newsletters

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.