Daily SPAC Update – December 16, 2024

by | Dec 16, 2024

INAQ DeSPACs to Alpha Modus (AMOD) and IVCP DeSPACs to AleAnna Energy (ANNA). MITA Extension Vote Set. RRAC Moved to OTC. FACT Separate Trading on Dec 20.

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Daily SPAC Update

DeSPACs
Dec 16: INAQ DeSPAC to ALPHA MODUS CORP (AMOD)
Dec 16: IVCP DeSPAC to AleAnna Energy, LLC (ANNA)

SPAC VOTE RESULTS
IVCP – SWIFTMERGE ACQUISITION CORP * Deal Approved * 1,158,556 redeemed * trust $11.21

SPAC DEAL & EXTENSION VOTES SET
MITA – Coliseum Acquisition Corp * EXTENSION VOTE SET: Dec 23, 2024 * trust $11.36

OTHER SPAC NEWS
RRAC – RIGEL RESOURCE ACQUISITION CORP * Moved to OTC Trading

SPAC NON-RELIANCE 8-K
FTII – Futuretech Ii Acquisition Corp : Non-Reliance on Previously Issued Financials

SEPARATE WARRANTS/RIGHTS
FACT on Dec 20
OACC on Dec 16

YESTERDAY’S TOP SPAC GAINERS
10.41% ~ $ 10.50 | IVCP – Swiftmerge Acquisition Corp. (Announced)
5.77% ~ $ 12.47 | PRLH – Pearl Holdings Acquisition Corp (Pre-Deal)
3.48% ~ $ 6.83 | MARX – Mars Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-23.02% ~ $ 3.41 | ROCL – Roth CH Acquisition V Co. (Announced)
-17.03% ~ $ 9.50 | INAQ – Insight Acquisition Corp. (Announced)
-14.80% ~ $ 9.56 | BOCN – Blue Ocean Acquisition Corp (Announced)
-4.79% ~ $ 11.33 | GLST – Global Star Acquisition Inc. (Announced)
-3.74% ~ $ 12.60 | IPXX – Inflection Point Acquisition Corp. II (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 12 |  | DRDB – Roman DBDR Acquisition Corp. II
Dec 12 |  | MLAC – Mountain Lake Acquisition Corp.
Dec 10 | $ 10.04 | JACS – Jackson Acquisition Co II
Dec 04 | $ 10.01 | 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 | $ 9.94 | DYNX – Dynamix Corporation
Nov 20 | $ 9.99 | NOEM – CO2 Energy Transition Corp.

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

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