Daily SPAC Update – August 29, 2024

by | Aug 29, 2024

CCTS $904M Deal with Tembo E-LV. MNTN Extension Approved. PTWO Deal Approved. PPHP Extension Vote. ACAB PIPE Announced. SIMA Separate Trading on Aug 30.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Aug 29 | CCTS – Cactus Acquisition Corp 1 Ltd * + Tembo E-LV B.V.
Aug 27 | CNDA – Concord Acquisition Corp Ii * + Events.com, Inc.

EXTENSION VOTES
PPHP – PHP VENTURES ACQUISITION CORP * extend from August 16, 2024 to August 16, 2025

SPAC VOTE RESULTS
MNTN – EVEREST CONSOLIDATOR ACQUISITION CORP * Extend to Nov 23, 2024 * 4,546,354 redeemed * trust $11.34
PTWO – PONO CAPITAL TWO INC * Deal Approved

OTHER SPAC NEWS
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * PIPE announced

SEPARATE WARRANTS/RIGHTS
SIMA on Aug 30

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

YESTERDAY’S TOP SPAC GAINERS
17.31% ~ $ 13.42 | ACAC – Acri Capital Acquisition Corp (Announced)
10.89% ~ $ 14.46 | PTWO – Pono Capital Two, Inc. (Announced)
9.17% ~ $ 12.62 | CLOE – Clover Leaf Capital Corp. (Announced)
.37% ~ $ 10.81 | DIST – Distoken Acquisition Corporation (Announced)
.35% ~ $ 11.50 | PHYT – Pyrophyte Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-6.30% ~ $ 9.81 | IFIN – InFinT Acquisition Corporation (Announced)
-4.58% ~ $ 12.50 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-2.73% ~ $ 12.10 | NOVV – Nova Vision Acquisition Corp (Announced)
-2.57% ~ $ 11.36 | HHGC – HHG Capital Corporation (Announced)
-1.71% ~ $ 10.32 | WAVS – Western Acquisition Ventures Corp. (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 28 | $ 9.93 | BSII – Black Spade Acquisition II Co
Aug 16 | $ 9.98 | 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 | $ 10.02 | 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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