Daily SPAC Update – July 15, 2024

by | Jul 15, 2024

AIBAF + PSI Group Deal Vote Starts the Week. IFIN and TENK Set Deal Votes.

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Daily SPAC Update

MERGER VOTES
AIBAF + PSI Group Holdings Ltd

SPAC DEAL & EXTENSION VOTES SET
IFIN – Infint Acquisition Corp * DEAL VOTE SET: Aug 06, 2024 * trust $11.64
TENK – Tenx Keane Acquisition * DEAL VOTE SET: Aug 02, 2024 * trust $11.43

SPAC IPO
Jul 12: LPAA – Launch One Acquisition Corp. $200M IPO
Jul 10: SIMA – Sim Acquisition Corp. I $200M IPO

OTHER SPAC NEWS
MCAC – MONTEREY CAPITAL ACQUISITION CORP * Deal Approved * 3,665,639 redeemed

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-07-12: AQU + Bestpath

SEPARATE WARRANTS/RIGHTS
MACI on Jul 17

YESTERDAY’S TOP SPAC GAINERS
15.38% ~ $ 12.75 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
9.09% ~ $ 12.00 | CDAQ – Compass Digital Acquisition Corp. (Pre-Deal)
3.44% ~ $ 17.45 | ADRT – Ault Disruptive Technologies Corp (Announced)
2.71% ~ $ 11.00 | BUJA – Bukit Jalil Global Acquisition 1 Ltd. (Pre-Deal)
2.32% ~ $ 9.91 | PLMI – Plum Acquisition Corp. I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-49.50% ~ $ 3.54 | MCAC – Monterey Capital Acquisition Corp (Announced)
-8.83% ~ $ 5.68 | CETU – Cetus Capital Acquisition Corp. (Announced)
-5.28% ~ $ 11.65 | ALSA – Alpha Star Acquisition Corp (Pre-Deal)
-2.27% ~ $ 11.18 | IRAA – Tribe Capital Growth Corp I (Announced)
-2.04% ~ $ 10.10 | SEPA – SEP ACQUISITION CORP (Pre-Deal)

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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