Daily SPAC Update – April 3, 2024

by David Pogemiller | Apr 3, 2024

CITE Extension Vote. GMFI Extends. GODN Reduces Extension Fees. LGVC Deal Approved. ACAB & SEDA Deal Decks. CCTS + Tembo E-LV Deal Agreement.

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Daily SPAC Update

EXTENSION VOTES
CITE – CARTICA ACQUISITION CORP * extend from April 7, 2024 to January 7, 2024

SPAC VOTE RESULTS
GMFI – AETHERIUM ACQUISITION CORP * Extend to Dec 29, 2024 * 1,383,212 redeemed * trust $11.01
GODN – GOLDEN STAR ACQUISITION CORP * Extension Fee Reduction to Feb 04, 2025 * 1,596,607 redeemed * trust $10.47
LGVC – LAMF GLOBAL VENTURES CORP I * Deal Approved * 2,913,194 redeemed * trust $11.03

OTHER SPAC NEWS
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Investor presentation
SEDA – SDCL EDGE ACQUISITION CORP * Investor Presentation
CCTS – CACTUS ACQUISITION CORP 1 LTD * Non-binding heads of agreement with Tembo E-LV
CITE – CARTICA ACQUISITION CORP * Redemption Update * 2,302,545 redeemed

YESTERDAY’S TOP SPAC GAINERS
53.07% ~ $ 13.47 | KYCH – Keyarch Acquisition Corp (Announced)
43.03% ~ $ 11.70 | APAC – StoneBridge Acquisition Corp. (Announced)
9.09% ~ $ 12.00 | COOL – Corner Growth Acquisition Corp. (Announced)
5.96% ~ $ 8.53 | DECA – Denali Capital Acquisition Corp. (Announced)
5.88% ~ $ 10.80 | LGVC – LAMF Global Ventures Corp. I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-17.08% ~ $ 10.49 | RWOD – Redwoods Acquisition Corp. (Announced)
-14.00% ~ $ 9.52 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
-5.42% ~ $ 11.70 | DHAC – Digital Health Acquisition Corp. (Announced)
-5.38% ~ $ 12.30 | ARRW – Arrowroot Acquisition Corp. (Announced)
-2.70% ~ $ 10.81 | TGVC – TG Venture Acquisition Corp. (Pre-Deal)

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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