Daily SPAC Update – April 22, 2024

by | Apr 22, 2024

MBTC Liquidates. RMGC Reverses Decision to Liquidate. FEXD Extends.

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Daily SPAC Update

MERGER VOTES
PGSS + The SCHMID Group

SPAC VOTE RESULTS
FEXD – FINTECH ECOSYSTEM DEVELOPMENT CORP * Extend to Oct 21, 2024 * 2,477,475 redeemed * trust $11.18

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

SPAC LIQUIDATION NEWS
MBTC – NOCTURNE ACQUISITION CORP * Liquidates April 18 * trust $11.79
RMGC – RMG ACQUISITION CORP III * Decision to Not Liquidate

YESTERDAY’S TOP SPAC GAINERS
26.05% ~ $ 10.08 | RWOD – Redwoods Acquisition Corp. (Announced)
16.95% ~ $ 12.49 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)
6.34% ~ $ 6.88 | LGVC – LAMF Global Ventures Corp. I (Announced)
4.36% ~ $ 12.21 | PTWO – Pono Capital Two, Inc. (Announced)
4.13% ~ $ 10.59 | PGSS – Pegasus Digital Mobility Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.51% ~ $ 10.73 | FHLT – Future Health ESG Corp. (Pre-Deal)
-2.69% ~ $ 8.69 | DECA – Denali Capital Acquisition Corp. (Announced)
-1.89% ~ $ 10.93 | PPYA – Papaya Growth Opportunity Corp. I (Pre-Deal)
-1.64% ~ $ 10.81 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)
-1.34% ~ $ 12.50 | ALCC – AltC Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

Impactive Capital Secures Full Three-Seat Slate at WEX

Impactive Capital has reached a cooperation agreement with WEX Inc., securing all three board seats it sought. The agreement follows a proxy contest and addresses WEX’s underperformance, trailing the S&P 500 by 24 points on a three-year CAGR basis.

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

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