Daily SPAC Update – April 29, 2024

by David Pogemiller | Apr 29, 2024

BITE + Above Food Merger Vote. CLRC and PEGR Extension Votes. BRKH Increases Acquisition Price. CLRC Update on Redemptions.

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

Daily SPAC Update

MERGER VOTES
BITE + Above Food Corp.

EXTENSION VOTES
CLRC – CLIMATEROCK * vote April 29, 2024 -> extend to May 2, 2025
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Vote April 29, 2024 -> extend to August 2, 2024

SPAC VOTES SET
ALCC – ALTC ACQUISITION CORP * Deal Vote Set: May 07, 2024 * trust $10.47
SUAC – SHOULDERUP TECHNOLOGY ACQUISITION CORP * Extension Vote Set: Nov 15, 2024 * trust $10.99
BLAC – BELLEVUE LIFE SCIENCES ACQUISITION CORP * Extension Vote Set: Nov 09, 2023 * trust $10.80
GBBK – GLOBAL BLOCKCHAIN ACQUISITION CORP * Extension Vote Set: May 07, 2024 * trust $10.87

OTHER SPAC NEWS
BRKH – BURTECH ACQUISITION CORP * Deal term amendments; acquisition price increased to $767M
CLRC – CLIMATEROCK * Pre-vote update on redemptions * 111,915 redeemed
SEPA – SEP ACQUISITION CORP * Extended deal termination date to May 31, 2024

YESTERDAY’S TOP SPAC GAINERS
22.24% ~ $ 7.42 | RWOD – Redwoods Acquisition Corp. (Announced)
8.11% ~ $ 9.20 | DECA – Denali Capital Acquisition Corp. (Announced)
4.68% ~ $ 12.30 | FHLT – Future Health ESG Corp. (Pre-Deal)
3.08% ~ $ 10.72 | BITE – Bite Acquisition Corp. (Announced)
3.02% ~ $ 14.99 | PTWO – Pono Capital Two, Inc. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-9.75% ~ $ 9.75 | PLTN – Plutonian Acquisition Corp. (Announced)
-3.60% ~ $ 10.99 | PGSS – Pegasus Digital Mobility Acquisition Corp. (Announced)
-3.05% ~ $ 8.89 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
-1.59% ~ $ 6.80 | LGVC – LAMF Global Ventures Corp. I (Announced)

Recent Analysis

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.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

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.

Subscribe to Boardroom Alpha Newsletters

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.