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

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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