Daily SPAC Update – August 13, 2024

by | Aug 13, 2024

CVII, MAC, GAMC Deals Approved. IVCA, NOVV Extensions Approved. IRRX + Tar Sands Holdings Deal Announced. PTWO Deal Vote Set + Non-Redemption Agreement. GRAF and FSHP Separate Trading.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Aug 12 | IRRX – Integrated Rail & Resources Acquisition Corp * + Tar Sands Holdings II, LLC

SPAC VOTE RESULTS
IVCA – INVESTCORP INDIA ACQUISITION CORP * Extend to May 12, 2025 * 8,314,006 redeemed * trust $11.40
NOVV – NOVA VISION ACQUISITION CORP * Extend to Feb 10, 2025 * 1,340,245 redeemed
CVII – CHURCHILL CAPITAL CORP VII * Deal Approved
MACA – MORINGA ACQUISITION CORP * Deal Approved
GAMC – GOLDEN ARROW MERGER CORP * Deal Approved

SPAC DEAL & EXTENSION VOTES SET
PTWO – Pono Capital Two Inc * DEAL VOTE SET: Aug 23, 2024 * trust $10.92
PPHP – Php Ventures Acquisition Corp * EXTENSION VOTE SET: Aug 23, 2024 * trust $11.84

OTHER SPAC NEWS
PTWO – PONO CAPITAL TWO INC * Non-Redemption Agreement

SEPARATE WARRANTS/RIGHTS
GRAF on Aug 16
FSHP on Aug 15

YESTERDAY’S TOP SPAC GAINERS
10.58% ~ $ 11.39 | AACI – Armada Acquisition Corp. I (Announced)
8.96% ~ $ 12.23 | GAMC – Golden Arrow Merger Corp. (Announced)
8.00% ~ $ 40.50 | TENK – TenX Keane Acquisition (Announced)
4.29% ~ $ 11.18 | IFIN – InFinT Acquisition Corporation (Announced)
2.36% ~ $ 11.72 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-5.71% ~ $ 11.60 | MACA – Moringa Acquisition Corp (Announced)
-5.43% ~ $ 12.01 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
-4.96% ~ $ 11.50 | IVCA – Investcorp India Acquisition Corp. (Pre-Deal)
-3.67% ~ $ 13.63 | ADRT – Ault Disruptive Technologies Corp (Announced)
-1.64% ~ $ 11.41 | BYNO – byNordic Acquisition Corporation (Pre-Deal)

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-08-05: BREZ + TV Ammo, Inc.

LATEST SPAC IPO PERFORMANCE
Aug 09 | $ 9.98 | VACH – Voyager Acquisition Corp
Aug 06 | $ 9.96 | EQV – EQV Ventures Acquisition Corp.
Aug 01 | $ 10.05 | MBAV – M3-Brigade Acquisition V Corp.
Aug 01 | $ 9.99 | AAM – AA Mission Acquisition Corp.
Jul 24 | $ 10.06 | DTSQ – DT Cloud Star Acquisition Corp

Recent Analysis

CEO & CFO Moves Review (Sept 6)

This week’s moves include CEO and CFO changes include moves at Accuray Inc. (ARAY), Atlassian Corporation (TEAM), Azenta Inc. (AZTA), Bloomin’ Brands, Inc. (BLMN), Chipotle Mexican Grill, Inc. (CMG), Fossil Group, Inc. (FOSL), NovoCure Limited (NVCR), and Repligen Corporation (RGEN).

Daily SPAC Update – September 6, 2024

CDAQ + EEW Renewables and EVGR + Forekast Deals Announced. Vine Hill (VCIC) and Andretti (POLE) $200M SPAC IPOs. PPHP Extension Approved. XFIN Deal Vote Set.

Daily SPAC Update – September 5, 2024

KVAC + Medera Deal Announced. IRAA Extension Vote. ACAB and RFAC Set Extension Votes. Merger Agreements for DECA, CCTS and ACAB Amendment. CLOE Vote Postponed (again).

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