Daily SPAC Update – December 10, 2024

by | Dec 10, 2024

Jackson Acquisition II $200M IPO (Jackson I Liquidated). APXI Shareholders Approve Extension w/ 5M Redemptions. HCVI Merger Amendment. SLAMF Vote Adjourned and IVCB Vote Postponed.

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Daily SPAC Update

SPAC Daily Brief – December 10, 2024
Jackson Acquisition Co. II completed its $200M IPO, SPAC market followers will remember that Jackson I liquidated. APX Acquisition Corp I shareholders approved an extension to December 9, 2025, with over 5 million redemptions at $11.99. Hennessy Capital Investment Corp VI amended its merger agreement, while SLAM Corp adjourned its vote, and Investcorp Europe Acquisition Corp I postponed its vote. Upcoming extension votes include Athena Technology II on December 10 to extend to September 2025, Pearl Holdings on December 10 to extend to June 2026, and others, including Cartica Acquisition (December 26), Bowen Acquisition (January 7, 2025), Iris Acquisition (December 20), and International Media Acquisition (December 30).

NEW SPAC IPOs
Dec 10: JACS – Jackson Acquisition Co Ii $200M IPO

SPAC VOTE RESULTS
APXI – APX ACQUISITION CORP I * Extend to Dec 09, 2025 * 5,077,568 redeemed * trust $11.99

EXTENSION VOTES
ATEK – ATHENA TECHNOLOGY ACQUISITION CORP II * vote December 10, 2024 -> extend from December 14, 2024 to September 14, 2025
PRLH – PEARL HOLDINGS ACQUISITION CORP * vote December 10, 2024 -> extend from December 17, 2024 to June 17, 2026
WINV – WINVEST ACQUISITION CORP

SPAC DEAL & EXTENSION VOTES SET
CITE – Cartica Acquisition Corp * EXTENSION VOTE SET: Dec 26, 2024 * trust $11.68
BOWN – Bowen Acquisition Corp * EXTENSION VOTE SET: Jan 07, 2025 * trust $10.94
IRAA – Iris Acquisition Corp * EXTENSION VOTE SET: Dec 20, 2024 * trust $11.44
IMAQ – International Media Acquisition Corp * EXTENSION VOTE SET: Dec 30, 2024 * trust $11.80

OTHER SPAC NEWS
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Merger Agreement Amendment
SLAM – SLAM CORP * Vote Adjourn
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Vote Postponed

SEPARATE WARRANTS/RIGHTS
DYNX on Dec 09

YESTERDAY’S TOP SPAC GAINERS
18.73% ~ $ 13.64 | IPXX – Inflection Point Acquisition Corp. II (Announced)
5.82% ~ $ 11.90 | IVCP – Swiftmerge Acquisition Corp. (Announced)
2.75% ~ $ 11.97 | IGTA – Inception Growth Acquisition Ltd (Announced)
2.43% ~ $ 11.38 | MARX – Mars Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.18% ~ $ 9.88 | ROCL – Roth CH Acquisition V Co. (Announced)
-8.18% ~ $ 10.33 | INAQ – Insight Acquisition Corp. (Announced)
-4.95% ~ $ 11.33 | ATEK – Athena Technology Acquisition Corp. II (Announced)
-4.69% ~ $ 12.20 | WINV – WinVest Acquisition Corp. (Announced)
-3.71% ~ $ 10.90 | MCAG – Mountain Crest Acquisition Corp. V (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 04 | $ 9.99 | SPHA – Shepherd Ave Capital Acquisition Corp
Dec 04 | $ 10.00 | TAVI – Tavia Acquisition Corp.
Nov 26 | $ 9.96 | FACT – FACT II Acquisition Corp.
Nov 20 | $ .00 | DYNX – Dynamix Corporation
Nov 20 | $ 9.99 | NOEM – CO2 Energy Transition Corp.
Nov 15 | $ 10.00 | HSPT – Horizon Space Acquisition II Corp.

Recent Analysis

Daily SPAC Update – January 15, 2025

$150M Plum Acquisition IV and $50M Ribbon Acquisition SPAC IPOs. Aimfinity (AIMAU) and Quetta (QETA) Extensions Approved. Bowen (BOWN) + Qianzhi BioTech Deal Approved. 

Daily SPAC Update – January 14, 2025

Cohen Circle (CCIR) LOI with Ukranian Firm. BRKH DeSPACs to Blaize (BZAI). PPYA Extension Vote. Aimfinity Extends to Oct 2025. Bowen Acquisition (BOWN) Forward Purchase Agreement. 

Daily SPAC Update – January 9, 2025

FutureTech II (FTII) Trust Overpayments Continue. Aimfinity Investment (AIMAU) Sets Extension Vote. Western Acquisition (WAVS) Extension Approved. Global Star (GLST) Deal Vote Set. RANG/RANGU Separate Trading on Jan 13.

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