Daily SPAC Update – April 2, 2024

by | Apr 2, 2024

MBTC / Cognos Deal Terminates. ACBA Extension Vote. ARRW Deal Approved. VHAQ, DSAQ Extensions Approved. SEDA Investor Deck. CITE Redemption Update.

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Daily SPAC Update

SPAC Deal Termination
MBTC – NOCTURNE ACQUISITION CORP * Deal Terminated; Vote cancelled

EXTENSION VOTES
ACBA – ACE GLOBAL BUSINESS ACQUISITION LTD * extend to Oct 8, 2024 (6 monthly options)

SPAC VOTE RESULTS
ARRW – ARROWROOT ACQUISITION CORP * Merger approved * no redemption details
VHAQ – VIVEON HEALTH ACQUISITION CORP * Extend to Sep 30, 2024 * 968,350 redeemed * trust $11.63
DSAQ – DIRECT SELLING ACQUISITION CORP * Extend to Mar 28, 2025 * 2,873,211 redeemed * trust $11.16

OTHER SPAC NEWS
SEDA – SDCL EDGE ACQUISITION CORP * Investor Presentation
CITE – CARTICA ACQUISITION CORP * redemption_update * 2,302,545 redeemed

YESTERDAY’S TOP SPAC GAINERS
19.82% ~ $ 13.00 | ARRW – Arrowroot Acquisition Corp. (Announced)
6.65% ~ $ 12.18 | ALCC – AltC Acquisition Corp. (Announced)
6.17% ~ $ 13.68 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
5.68% ~ $ 12.65 | RWOD – Redwoods Acquisition Corp. (Announced)
4.92% ~ $ 12.37 | DHAC – Digital Health Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-28.46% ~ $ 8.80 | KYCH – Keyarch Acquisition Corp (Announced)
-8.91% ~ $ 8.18 | APAC – StoneBridge Acquisition Corp. (Announced)
-7.98% ~ $ 8.05 | DECA – Denali Capital Acquisition Corp. (Announced)
-7.21% ~ $ 11.00 | GMFI – Aetherium Acquisition Corp (Announced)
-3.39% ~ $ 9.11 | ASCA – ASPAC I Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – October 1, 2024

Trailblazer (TBMC) and Learn CW (LCW) Shareholders Approve Extension and Deal. NPAB and LATG Set Extension Votes. BCSA Deal Termination. DSAQ and SLAMF Amend Mergers.

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