Daily SPAC Update – August 14, 2024

by | Aug 14, 2024

GAMC DeSPACs to BSLK. IVCA, CPTK, RRAC Extensions Approved. CVII Deal Approved. NOVV Merger Amendment. LCW Moving to NASDAQ.

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Daily SPAC Update

DeSPACs
GAMC -> BSLK on Aug 14

SPAC VOTE RESULTS
IVCA – INVESTCORP INDIA ACQUISITION CORP * Extend to May 12, 2025 * 8,314,006 redeemed * trust $11.40
CPTK – CROWN PROPTECH ACQUISITIONS * Extend to May 11, 2025 * 1,487,025 redeemed * trust $11.09
RRAC – RIGEL RESOURCE ACQUISITION CORP * Extend to May 09, 2025 * 17,440,475 redeemed * trust $11.40
CVII – CHURCHILL CAPITAL CORP VII * Deal Approved

OTHER SPAC NEWS
NOVV – NOVA VISION ACQUISITION CORP * Merger Agreement Amendment
LCW – LEARN CW INVESTMENT CORP * Moving to NASDAQ

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

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.

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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