Daily SPAC Update – November 6, 2024

by | Nov 6, 2024

NRAC and ALCY Shareholders Approve SPAC Extensions. YHNA Separate Trading. ESHA Extension Vote on Dec 3. FNVT and RENE Extension Votes Today.

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Daily SPAC Update

SPAC VOTE RESULTS
NRAC – NORTHERN REVIVAL ACQUISITION CORP * Extend to to May 04, 2025 * 220,377 redeemed
ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 * Extend to Feb 09, 2025 * 10,438,037 redeemed * trust $10.95

SPAC DEAL & EXTENSION VOTES SET
ESHA – Esh Acquisition Corp * EXTENSION VOTE SET: Dec 03, 2024 * trust $10.75

EXTENSION VOTES
FNVT – FINNOVATE ACQUISITION CORP * extend November 8, 2024 to May 8, 2025
RENE – CARTESIAN GROWTH CORP II * Extend to November 5, 2025

SEPARATE WARRANTS/RIGHTS
YHNA on Nov 08

YESTERDAY’S TOP SPAC GAINERS
43.97% ~ $ 9.20 | TMTC – TMT Acquisition Corp. (Announced)
12.36% ~ $ 13.09 | CCTS – Cactus Acquisition Corp. 1 Ltd (Announced)
1.51% ~ $ 11.46 | RFAC – RF Acquisition Corp. (Announced)
.99% ~ $ 11.20 | BNIX – Bannix Acquisition Corp. (Pre-Deal)
.80% ~ $ 11.35 | DUET – DUET Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.22% ~ $ 11.71 | ATEK – Athena Technology Acquisition Corp. II (Pre-Deal)
-5.21% ~ $ 10.00 | BHAC – Focus Impact BH3 Acquisition Company (Announced)
-4.61% ~ $ 9.94 | INAQ – Insight Acquisition Corp. (Announced)
-3.05% ~ $ 11.14 | ACAB – Atlantic Coastal Acquisition Corp. II (Announced)
-2.12% ~ $ 11.51 | MCAA – Mountain Co. I Acquisition Corp. (Announced)

LATEST SPAC IPO PERFORMANCE
Nov 01 | $ 9.98 | BACQ – Bleichroeder Acquisition Corp. I
Nov 01 | $ 9.96 | NTWO – Newbury Street II Acquisition Corp
Oct 24 | $ 9.98 | CHAR – Charlton Aria Acquisition Corp
Oct 24 | $ 10.04 | OACC – Oaktree Acquisition Corp. III
Oct 22 | $ 9.98 | ALDF – Aldel Financial II Inc.
Oct 11 | $ 10.05 | RDAC – Rising Dragon Acquisition Corp.
Oct 11 | $ 10.01 | CCIR – Cohen Circle Acquisition Corp. I
Oct 07 | $ 10.00 | 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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