Daily SPAC Update – September 27, 2024

by | Sep 27, 2024

CLOE + Global Hydrogen SPAC Deal Vote. ACAC DeSPACs to FOXX. SKGR and TMTC Extension Votes. Ault Disruptive (ADRT) Liquidates. XFIN Deal Approved.

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

Daily SPAC Update

MERGER VOTES
CLOE + Global Hydrogen Energy

DeSPACs
ACAC -> FOXX on Sep 27

EXTENSION VOTES
SKGR – SK GROWTH OPPORTUNITIES CORP * vote September 27, 2024 -> extend from September 30, 2024 to March 31, 2025
TMTC – TMT ACQUISITION CORP * vote September 27, 2024 -> extend to December 30, 2024

SPAC LIQUIDATIONS
Ault Disruptive Technologies Corp (ADRT)-> Liquidation on Oct 11
Berenson Acquisition Corp. I (BACA)-> Liquidation on Sep 27

SPAC VOTE RESULTS
ROSS – ROSS ACQUISITION CORP II * Extend (and name change) to Mar 16, 2026 * 2,512,919 redeemed * trust $11.50
NBST – NEWBURY STREET ACQUISITION CORP * Extend to Mar 25, 2025 * 555,266 redeemed * trust $10.99
MITA – COLISEUM ACQUISITION CORP * Extend to Dec 25, 2024 * 1,089,249 redeemed * trust $11.18
XFIN – EXCELFIN ACQUISITION CORP * Deal Approved * 752,032 redeemed

OTHER SPAC NEWS
LCW – LEARN CW INVESTMENT CORP * Side Letter
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Vote Postponed

SPAC DEALS ANNOUNCED
Sep 25 |  Breeze Holdings Acquisition Corp * + YD Biopharma Limited

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-09-25: IVCB + OpSec Group

YESTERDAY’S TOP SPAC GAINERS
12.86% ~ $ 11.41 | FIAC – Focus Impact Acquisition Corp. (Announced)
3.22% ~ $ 11.86 | WINV – WinVest Acquisition Corp. (Announced)
3.06% ~ $ 11.46 | XFIN – ExcelFin Acquisition Corp. (Announced)
.85% ~ $ 11.80 | IVCB – Investcorp Europe Acquisition Corp I (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.51% ~ $ 11.20 | ACAC – Acri Capital Acquisition Corp (Announced)
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-4.06% ~ $ 11.12 | HHGC – HHG Capital Corporation (Announced)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-1.79% ~ $ 11.00 | HCVI – Hennessy Capital Investment Corp. VI (Announced)

LATEST SPAC IPO PERFORMANCE
Sep 20 | $ 10.02 | CAPN – Cayson Acquisition Corp
Sep 18 | $ 10.02 | YHNA – YHN Acquisition I Ltd
Sep 12 | $ 10.02 | FVN – Future Vision II Acquisition Corp.
Sep 06 | $ 10.00 | VCIC – Vine Hill Capital Investment Corp.
Sep 06 | $ 10.00 | POLE – Andretti Acquisition Corp. II
Aug 29 | $ 9.99 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.98 | BSII – Black Spade Acquisition II Co

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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

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.