Daily SPAC Update – August 28, 2024

by | Aug 28, 2024

Black Spade II (BSII) $150M IPO. MNTN Extension Vote. ACAC Deal Approved w/ 1.75M Redemptions. CLOE Deal Vote Postponed. CNDA + Events.com Merger Agreement.

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Daily SPAC Update

NEW SPAC IPOs
Aug 28: BSII – Black Spade Acquisition Ii Co $150M IPO

EXTENSION VOTES
MNTN – EVEREST CONSOLIDATOR ACQUISITION CORP * extend from August 28, 2024 to November 23, 2024

SPAC VOTE RESULTS
ACAC – ACRI CAPITAL ACQUISITION CORP * Deal Approved * 1,750,663 redeemed

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

OTHER SPAC NEWS
CNDA – CONCORD ACQUISITION CORP II * Merger Agreement
AVHI – ACHARI VENTURES HOLDINGS CORP I * Vote Adjourn
PPHP – PHP VENTURES ACQUISITION CORP * Vote Postponed
CLOE – CLOVER LEAF CAPITAL CORP * Vote Postponed

YESTERDAY’S TOP SPAC GAINERS
4.17% ~ $ 12.50 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
3.88% ~ $ 11.51 | MITA – Coliseum Acquisition Corp. (Announced)
3.58% ~ $ 12.44 | NOVV – Nova Vision Acquisition Corp (Announced)
2.68% ~ $ 13.04 | PTWO – Pono Capital Two, Inc. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-6.35% ~ $ 11.80 | ALSA – Alpha Star Acquisition Corp (Pre-Deal)
-6.30% ~ $ 9.81 | IFIN – InFinT Acquisition Corporation (Announced)
-4.46% ~ $ 11.56 | CLOE – Clover Leaf Capital Corp. (Announced)
-3.74% ~ $ 10.80 | PFTA – Portage Fintech Acquisition Corp. (Announced)
-2.22% ~ $ 11.44 | ACAC – Acri Capital Acquisition Corp (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 16 | $ 9.98 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.00 | SBXD – SilverBox Corp IV
Aug 09 | $ 9.97 | VACH – Voyager Acquisition Corp
Aug 06 | $ 9.92 | EQV – EQV Ventures Acquisition Corp.
Aug 01 | $ 10.02 | MBAV – M3-Brigade Acquisition V Corp.
Aug 01 | $ 9.99 | AAM – AA Mission Acquisition Corp.

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

Recent Analysis

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DMY Squared’s Quantum Deal Approved. Winvest Acquisition Extension Approved. Pelican Deal Vote Delayed. Alphatime Sets Extension Vote. Cayson Goes to Vote.

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