Daily SPAC Update – August 21, 2024

by | Aug 21, 2024

CSLM Acquisition Extends w 3.3M Redemptions. YOTA Adjourns Vote to August 22. KCGI Liquidation.

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OTHER SPAC NEWS
CSLM – CSLM ACQUISITION CORP * Extend to Jul 18, 2025 * 3,339,500 redeemed * trust $11.35
YOTA – YOTTA ACQUISITION CORP * Vote Adjourn

SPAC DEALS ANNOUNCED
Aug 19 | ATMV – Alphavest Acquisition Corp * + AMC Corporation

SPAC LIQUIDATIONS
Kensington Capital Acquisition Corp. V (KCGI)-> Liquidation on Aug 19
Churchill Capital Corp VII (CVII)-> Liquidation on Aug 16

YESTERDAY’S TOP SPAC GAINERS
1.81% ~ $ 12.52 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
1.47% ~ $ 12.39 | CLOE – Clover Leaf Capital Corp. (Announced)
1.10% ~ $ 11.04 | AQU – Aquaron Acquisition Corp. (Announced)
1.10% ~ $ 11.05 | PLMI – Plum Acquisition Corp. I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.00% ~ $ 11.50 | PTWO – Pono Capital Two, Inc. (Announced)
-6.30% ~ $ 9.81 | IFIN – InFinT Acquisition Corporation (Announced)
-5.20% ~ $ 12.50 | NOVV – Nova Vision Acquisition Corp (Announced)
-4.58% ~ $ 11.66 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)
-2.09% ~ $ 10.85 | IRAA – Tribe Capital Growth Corp I (Announced)

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-08-18: GTAC + Tyfon Culture Holdings Limited
2024-08-18: CVII + CorpAcq
2024-08-15: ADRT + GIGA TRONICS INC

Recent Analysis

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.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

Weekly Boardroom & Executive Moves: May 1, 2026

This week, significant leadership changes occurred across several companies facing financial difficulties. Abbott Laboratories (ABT) and Agilon Health Inc (AGL) appointed new board members and executives amidst high activist risks and declining TSRs. Accuray Inc (ARAY) and ALT5 Sigma Corp (ALTS) also saw key executive departures and appointments as they navigate substantial TSR declines. These shifts highlight the ongoing challenges and strategic redirections needed to stabilize operations and improve shareholder value.

Daily SPAC Update – May 1, 2026

Two SPAC IPOs launched today, raising a total of $500 million. CH4 Natural Solutions Acquisition Corp (MTNE) secured $300 million, while Quantum Leap Acquisition Corp (QLEP) raised $200 million. Today, 2 SPAC IPOs raised $500M, led by CH4 Natural Solutions (MTNE) at $300M. This follows a surge of activity at the end of April.

Daily SPAC Update – April 30, 2026

Today, six SPACs debuted, raising a total of $965 million. General Catalyst Global Resilience Merger Corp (GCGR) led the pack with $350 million, followed by RRE Ventures Acquisition Corp. (RREV) at $250 million. Month-to-date, SPAC IPOs total 16, bringing in $2.65 billion, compared to 11 IPOs last month that raised $1.72 billion.

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