Daily SPAC Update – December 13, 2024

by | Dec 13, 2024

Despite Delistings, Liquidations, and Failed Deals, SPAC IPOs Keep Coming. Roman DBDR Acquisition Corp. II (DRDB) $200M and Mountain Lake Acquisition Corp. $210M IPOs.

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Daily SPAC Update

SPAC VOTE RESULTS
BRKH – BURTECH ACQUISITION CORP * Extend to May 15, 2025 * 241,120 redeemed * trust $10.51

OTHER SPAC NEWS
GLLI – GLOBALINK INVESTMENT INC * Delisting
HAIA – HEALTHCARE AI ACQUISITION CORP * Delisting
RRAC – RIGEL RESOURCE ACQUISITION CORP * Moved to OTC Trading

SEPARATE WARRANTS/RIGHTS
OACC on Dec 16

NEW SPAC IPOs
Dec 12: DRDB – Roman Dbdr Acquisition Corp. Ii $200M IPO
Dec 12: MLAC – Mountain Lake Acquisition Corp. $210M IPO
Dec 10: JACS – Jackson Acquisition Co Ii $200M IPO (+underwriter overallotment: $30M)

YESTERDAY’S TOP SPAC GAINERS
10.31% ~ $ 11.45 | INAQ – Insight Acquisition Corp. (Announced)
6.67% ~ $ 12.00 | WTMA – Welsbach Technology Metals Acquisition Corp. (Announced)
5.99% ~ $ 13.09 | IPXX – Inflection Point Acquisition Corp. II (Announced)
4.06% ~ $ 11.79 | PRLH – Pearl Holdings Acquisition Corp (Pre-Deal)
3.48% ~ $ 11.90 | GLST – Global Star Acquisition Inc. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-14.97% ~ $ 4.43 | ROCL – Roth CH Acquisition V Co. (Announced)
-14.74% ~ $ 11.22 | BOCN – Blue Ocean Acquisition Corp (Announced)
-9.60% ~ $ 9.51 | IVCP – Swiftmerge Acquisition Corp. (Announced)
-8.84% ~ $ 6.60 | MARX – Mars Acquisition Corp. (Announced)
-3.71% ~ $ 10.90 | MCAG – Mountain Crest Acquisition Corp. V (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 10 | $ 10.04 | JACS – Jackson Acquisition Co II
Dec 04 | $ 10.00 | SPHA – Shepherd Ave Capital Acquisition Corp
Dec 04 | $ 10.00 | TAVI – Tavia Acquisition Corp.
Nov 26 | $ 9.95 | FACT – FACT II Acquisition Corp.
Nov 20 | $ 9.95 | DYNX – Dynamix Corporation
Nov 20 | $ 9.99 | NOEM – CO2 Energy Transition Corp.
Nov 15 | $ 10.02 | HSPT – Horizon Space Acquisition II Corp.

Recent Analysis

Daily SPAC Update – January 16, 2025

LATG DeSPACs to Femco Steel Technology (KBSX). Plum Acquisition III Extension Vote. RRAC and EVGR Extension Votes Set. NOEM Separate Trading on Jan 16. 

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. 

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