Daily SPAC Update – August 22, 2024

by | Aug 22, 2024

Inflection Point (IPXX) + USA Rare Earth and Yotta Acquistion (YOTA) + DRIVEiT Financial Auto Group Deals Announced. ISRL / Pomvom Deal Terminated. YOTA Extension Vote. CLOE Vote Postponed.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Aug 22 | IPXX – Inflection Point Acquisition Corp Ii * + USA Rare Earth, LLC
Aug 21 | YOTA – Yotta Acquisition Corp * + DRIVEiT Financial Auto Group, Inc.

OTHER SPAC NEWS
IPXX – INFLECTION POINT ACQUISITION CORP II * Investor Deck
IPXX – INFLECTION POINT ACQUISITION CORP II * Merger Agreement
YOTA – YOTTA ACQUISITION CORP * Merger Agreement
CLOE – CLOVER LEAF CAPITAL CORP * Vote Postponed

EXTENSION VOTES
YOTA – YOTTA ACQUISITION CORP * extend from August 22, 2024 to October 22, 2025

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

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)
2024-08-22: ISRL + Pomvom Ltd.
2024-08-18: GTAC + Tyfon Culture Holdings Limited
2024-08-18: CVII + CorpAcq
2024-08-15: ADRT + GIGA TRONICS INC

LATEST SPAC IPO PERFORMANCE
Aug 16 | $ 10.00 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.01 | SBXD – SilverBox Corp IV
Aug 09 | $ 9.97 | VACH – Voyager Acquisition Corp
Aug 06 | $ 9.95 | EQV – EQV Ventures Acquisition Corp.
Aug 01 | $ 10.02 | MBAV – M3-Brigade Acquisition V Corp.
Aug 01 | $ 10.00 | AAM – AA Mission Acquisition Corp.
Jul 24 | $ 10.07 | 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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