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

CEO & CFO Moves Review (Sept 6)

This week’s moves include CEO and CFO changes include moves at Accuray Inc. (ARAY), Atlassian Corporation (TEAM), Azenta Inc. (AZTA), Bloomin’ Brands, Inc. (BLMN), Chipotle Mexican Grill, Inc. (CMG), Fossil Group, Inc. (FOSL), NovoCure Limited (NVCR), and Repligen Corporation (RGEN).

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