Daily SPAC Update – October 23, 2024

by | Oct 23, 2024

IRRX, GBBK, MCAG, MSSA SPAC Extension Votes Set. CDAQ Investor Deck. CAPN Separate Trading Begins. FRLA, LATG Votes Delayed Again.

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Daily SPAC Update

SPAC DEAL & EXTENSION VOTES SET
IRRX – Integrated Rail & Resources Acquisition Corp * EXTENSION VOTE SET: Nov 12, 2024
GBBK – Global Blockchain Acquisition Corp * EXTENSION VOTE SET: Nov 05, 2024 * trust $11.11
MCAG – Mountain Crest Acquisition Corp V * EXTENSION VOTE SET: Nov 08, 2024 * trust $11.55
MSSA – Metal Sky Star Acquisition Corp * EXTENSION VOTE SET: Nov 12, 2024 * trust $11.63

SPAC DEALS ANNOUNCED
Oct 22 | FSHP – Flag Ship Acquisition Corp * + Great Rich Technologies Limited
Oct 21 | IVCA – Investcorp India Acquisition Corp * + Bigtincan Holdings Limited

NEW SPAC IPOs
Oct 22: ALDF – Aldel Financial Ii Inc. $200M IPO

OTHER SPAC NEWS
CDAQ – COMPASS DIGITAL ACQUISITION CORP * Investor Deck
IVCA – INVESTCORP INDIA ACQUISITION CORP * Merger Agreement
LATG – CHENGHE ACQUISITION I CO * Vote Adjourn
FRLA – FORTUNE RISE ACQUISITION CORP * Vote Postponed

SPAC LIQUIDATIONS
VISION SENSING ACQUISITION CORP. (VSAC)-> Liquidation on Oct 21
Global Technology Acquisition Corp. I (GTAC)-> Liquidation on Oct 18

SEPARATE WARRANTS/RIGHTS
CAPN on Oct 24

YESTERDAY’S TOP SPAC GAINERS
2.28% ~ $ 11.20 | BLEU – bleuacacia ltd (Pre-Deal)
1.90% ~ $ 11.26 | MCAG – Mountain Crest Acquisition Corp. V (Announced)
1.59% ~ $ 11.51 | BRAC – Broad Capital Acquisition Corp (Announced)
1.27% ~ $ 9.90 | FIAC – Focus Impact Acquisition Corp. (Announced)
.77% ~ $ 11.73 | WINV – WinVest Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.85% ~ $ 11.72 | PWUP – PowerUp Acquisition Corp. (Announced)
-5.21% ~ $ 10.00 | BHAC – Focus Impact BH3 Acquisition Company (Announced)
-1.87% ~ $ 11.00 | GODN – Golden Star Acquisition Corp (Announced)
-.90% ~ $ 10.51 | AFJK – Aimei Health Technology Co., Ltd. (Announced)
-.48% ~ $ 10.44 | QETA – Quetta Acquisition Corporation (Pre-Deal)

Recent Analysis

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.

Weekly Boardroom & Executive Moves: May 1, 2026

This week, significant leadership changes occurred across several companies facing financial difficulties. Abbott Laboratories (ABT) and Agilon Health Inc (AGL) appointed new board members and executives amidst high activist risks and declining TSRs. Accuray Inc (ARAY) and ALT5 Sigma Corp (ALTS) also saw key executive departures and appointments as they navigate substantial TSR declines. These shifts highlight the ongoing challenges and strategic redirections needed to stabilize operations and improve shareholder value.

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