Daily SPAC Update – October 31, 2024

by | Oct 31, 2024

ALCY, COOL, FIAC, INTE Extension Votes. KVAC Extension Approved w/ 8.5M redemptions. INAQ SPAC Deal Approved.

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Daily SPAC Update

SPAC VOTE RESULTS
KVAC – KEEN VISION ACQUISITION CORP * Extend to Jul 27, 2025 * 8,545,348 redeemed
INAQ – INSIGHT ACQUISITION CORP * Deal Approved * 426,135 redeemed

EXTENSION VOTES
ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 * vote October 31, 2024 -> extend to September 9, 2025
COOL – CORNER GROWTH ACQUISITION CORP * vote October 31, 2024 -> extend to December 31, 2025
FIAC – FOCUS IMPACT ACQUISITION CORP * vote October 31, 2024 -> extend to May 1, 2025
INTE – INTEGRAL ACQUISITION CORP 1 * vote October 31, 2024 -> extend to November 5, 2025

OTHER SPAC NEWS
PHYT – PYROPHYTE ACQUISITION CORP * Delisting
SVII – SPRING VALLEY ACQUISITION CORP II * Redemption Agreement

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-10-23: GMFI + Capital A International

SPAC LIQUIDATIONS
Onyx Acquisition Co. I (ONYX)-> Liquidation on Nov 13
VISION SENSING ACQUISITION CORP. (VSAC)-> Liquidation on Oct 25
Generation Asia I Acquisition Ltd (GAQ)-> Liquidation on Oct 23

YESTERDAY’S TOP SPAC GAINERS
6.11% ~ $ 12.50 | INAQ – Insight Acquisition Corp. (Announced)
1.61% ~ $ 11.36 | GLST – Global Star Acquisition Inc. (Announced)
1.46% ~ $ 11.15 | GATE – Marblegate Acquisition Corp. (Announced)
1.22% ~ $ 11.60 | WAVS – Western Acquisition Ventures Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-14.74% ~ $ 8.10 | TMTC – TMT Acquisition Corp. (Announced)
-9.08% ~ $ 9.01 | FIAC – Focus Impact Acquisition Corp. (Announced)
-5.21% ~ $ 10.00 | BHAC – Focus Impact BH3 Acquisition Company (Announced)
-4.59% ~ $ 11.44 | PWUP – PowerUp Acquisition Corp. (Announced)
-4.02% ~ $ 11.70 | ATEK – Athena Technology Acquisition Corp. II (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Oct 24 | $ 9.98 | CHAR – Charlton Aria Acquisition Corp
Oct 24 | $ 10.00 | OACC – Oaktree Acquisition Corp. III
Oct 22 | $ 9.99 | ALDF – Aldel Financial II Inc.
Oct 11 | $ 10.03 | RDAC – Rising Dragon Acquisition Corp.
Oct 11 | $ 10.01 | CCIR – Cohen Circle Acquisition Corp. I
Oct 07 | $ 9.98 | LPBB – Launch Two Acquisition Corp.

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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