Daily SPAC Update – April 19, 2024

by | Apr 19, 2024

DJT CEO sends letter to Nasdaq calling foul. TRTL extension vote. GAQ extends to 2025. RWOD deal approved w/ 1.7M redemptions. SCRM deal vote set. NPAB and PEGR votes set.

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Daily SPAC Update

Trump Media & Technology Group (DJT) CEO Cries Foul
DJT CEO Devin Nunes sends letter crying foul to Nasdaq CEO Adena Friedman that suggests illegal short trading activity is the root cause for DJT’s dramatic slide from its post-DeSPAC highs.


EXTENSION VOTES
TRTL – TORTOISEECOFIN ACQUISITION CORP III * extend to October 22, 2024

SPAC VOTE RESULTS
GAQ – GENERATION ASIA I ACQUISITION LTD * Extend to Jul 23, 2025 * 5,342,374 redeemed * trust $11.20
RWOD – REDWOODS ACQUISITION CORP * Deal Approved * 1,739,776 redeemed

SPAC VOTES SET
SCRM – SCREAMING EAGLE ACQUISITION CORP * Deal Vote Set: May 07, 2024 * trust $10.74
NPAB – NEW PROVIDENCE ACQUISITION CORP II * Extension Vote Set: May 07, 2024 * trust $10.91
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Extension Vote Set: Apr 29, 2024 * trust $10.66

OTHER SPAC NEWS
TRTL – TORTOISEECOFIN ACQUISITION CORP III * Pre-vote redemption update * 8,949,372 redeemed

YESTERDAY’S TOP SPAC GAINERS
6.82% ~ $ 8.93 | DECA – Denali Capital Acquisition Corp. (Announced)
.99% ~ $ 9.19 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
.84% ~ $ 10.79 | BITE – Bite Acquisition Corp. (Announced)
.82% ~ $ 11.05 | BRKH – BurTech Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.97% ~ $ 8.00 | RWOD – Redwoods Acquisition Corp. (Announced)
-6.55% ~ $ 11.70 | PTWO – Pono Capital Two, Inc. (Announced)
-5.96% ~ $ 6.47 | LGVC – LAMF Global Ventures Corp. I (Announced)
-4.06% ~ $ 10.17 | PGSS – Pegasus Digital Mobility Acquisition Corp. (Announced)
-1.96% ~ $ 12.01 | DHAC – Digital Health Acquisition Corp. (Announced)

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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