Daily SPAC Update – August 27, 2024

by | Aug 27, 2024

CNDA + Events.com $399M Deal Announced. CLOE + Global Hydrogen Energy and ACAC + Foxx Development Deal Votes. SBXC Extension Vote. YOTA Extension Approved.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Aug 27 | CNDA – Concord Acquisition Corp Ii * + Events.com, Inc.

MERGER VOTES
CLOE + Global Hydrogen Energy
ACAC + Foxx Development

EXTENSION VOTES
SBXC – SILVERBOX CORP III * vote August 23, 2024 -> extend from September 2, 2024 to March 2, 2025

SPAC VOTE RESULTS
YOTA – YOTTA ACQUISITION CORP * Extend to Oct 22, 2025 * 262,231 redeemed * trust $11.22

OTHER SPAC NEWS
PPHP – PHP VENTURES ACQUISITION CORP * Vote Postponed
NOVV – NOVA VISION ACQUISITION CORP * Vote Postponed

SPAC DEAL & EXTENSION VOTES SET
BAYA – Bayview Acquisition Corp * EXTENSION VOTE SET: Sep 16, 2024 * trust $10.32
IRAA – Iris Acquisition Corp * EXTENSION VOTE SET: Sep 05, 2024 * trust $11.20
GATE – Marblegate Acquisition Corp * EXTENSION VOTE SET: Sep 10, 2024 * trust $10.91

YESTERDAY’S TOP SPAC GAINERS
4.17% ~ $ 12.50 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
4.08% ~ $ 11.22 | PFTA – Portage Fintech Acquisition Corp. (Announced)
3.52% ~ $ 10.87 | IRAA – Tribe Capital Growth Corp I (Announced)
3.35% ~ $ 13.28 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
2.87% ~ $ 11.10 | PLMI – Plum Acquisition Corp. I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-11.03% ~ $ 12.10 | CLOE – Clover Leaf Capital Corp. (Announced)
-6.30% ~ $ 9.81 | IFIN – InFinT Acquisition Corporation (Announced)
-5.43% ~ $ 12.01 | NOVV – Nova Vision Acquisition Corp (Announced)
-2.31% ~ $ 12.70 | PTWO – Pono Capital Two, Inc. (Announced)
-1.31% ~ $ 11.29 | MAQC – Maquia Capital Acquisition Corporation (Announced)

SPAC LIQUIDATIONS
TortoiseEcofin Acquisition Corp. III (TRTLF)-> Liquidation on Sep 06
Fintech Ecosystem Development Corp. (FEXD)-> Liquidation on Aug 29
Kensington Capital Acquisition Corp. V (KCGI)-> Liquidation on Aug 19

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-08-22: ISRL + Pomvom Ltd.
2024-08-22: VSAC + Mediforum Co., Ltd
2024-08-18: GTAC + Tyfon Culture Holdings Limited
2024-08-18: CVII + CorpAcq

LATEST SPAC IPO PERFORMANCE
Aug 16 | $ 10.00 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.00 | SBXD – SilverBox Corp IV
Aug 09 | $ 9.98 | VACH – Voyager Acquisition Corp
Aug 06 | $ 9.93 | EQV – EQV Ventures Acquisition Corp.
Aug 01 | $ 10.01 | MBAV – M3-Brigade Acquisition V Corp.
Aug 01 | $ 9.98 | AAM – AA Mission 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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