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.

Boardroom Alpha SPAC Resources
Full SPAC Listing
SPAC SEC Filings
Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

SPAC Deal Termination
MBTC – NOCTURNE ACQUISITION CORPDeal 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

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.