Daily SPAC Update – April 30, 2024

by | Apr 30, 2024

LGVC to DeSPAC on May 2. AQU and VSAC Extension Votes. PLTN + Big Tre Cloud Deal Vote. BRKH  target Blaize Raises $106M. AIMAU and PHYT Extend.

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Daily SPAC Update

DeSPACs
LGVC -> NUVO on May 02

MERGER VOTES
PLTN + Big Tree Cloud

EXTENSION VOTES
AQU – AQUARON ACQUISITION CORP * Vote April 30, 2024 -> extend 12 times monthly to May 6, 2025
VSAC – VISION SENSING ACQUISITION CORP * vote April 30, 2024 -> extend 6 times monthly to November 3, 2024

SEPARATE WARRANTS/RIGHTS
IBAC on May 01

SPAC VOTE RESULTS
AIMAU – AIMFINITY INVESTMENT CORP I * Extend to Jan 28, 2025 * 860,884 redeemed
PHYT – PYROPHYTE ACQUISITION CORP * Extend to Apr 29, 2025 * 2,683,126 redeemed * trust $11.35

OTHER SPAC NEWS
DSAQ – DIRECT SELLING ACQUISITION CORP * Delisted to OTC
LGVC – LAMF GLOBAL VENTURES CORP I * DeSPAC timing announcment
COOL – CORNER GROWTH ACQUISITION CORP * Investor Deck
BRKH – BURTECH ACQUISITION CORP * Merger target raises $106M

YESTERDAY’S TOP SPAC GAINERS
21.60% ~ $ 12.16 | SEPA – SEP ACQUISITION CORP (Announced)
13.79% ~ $ 13.37 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)
12.57% ~ $ 14.42 | ALCC – AltC Acquisition Corp. (Announced)
10.03% ~ $ 12.83 | KACL – Kairous Acquisition Corp. Ltd (Announced)
8.09% ~ $ 7.35 | LGVC – LAMF Global Ventures Corp. I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-6.74% ~ $ 13.98 | PTWO – Pono Capital Two, Inc. (Announced)
-6.52% ~ $ 8.60 | DECA – Denali Capital Acquisition Corp. (Announced)
-5.82% ~ $ 9.18 | PLTN – Plutonian Acquisition Corp. (Announced)
-5.66% ~ $ 7.00 | RWOD – Redwoods Acquisition Corp. (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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