Daily SPAC Update – April 29, 2024

by | Apr 29, 2024

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

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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 Update – May 24, 2024

QRDO To Liquidate at $10.96. ShoulderUp Extends with 1.1M Redemptions. BFAC Extension Vote. Churchill Investor Deck. DIST Merger Agreement.

Daily SPAC Update – May 23, 2024

MAQC + Immersed Inc. Deal Terminated. GPAC Deal Vote Set. IVCB Extends w/ 2.1M Redemptions. CVII Investor Deck. PWUP Redemption Agreement.

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