Daily SPAC Update – December 23, 2024

by | Dec 23, 2024

LATG, MITA, BRKH Deal Votes Today. CF Acquisition VII (CFFS) Liquidation. ALSA Delisting. BREZ, HSPO, MITA, TRON Extension Votes.

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EXTENSION VOTES
BREZ – BREEZE HOLDINGS ACQUISITION CORP * vote December 23, 2024 -> extend to June 26, 2025
HSPO – HORIZON SPACE ACQUISITION I CORP * vote December 23, 2024 -> extend to December 27, 2025
MITA – COLISEUM ACQUISITION CORP * vote December 23, 2024 -> extend to February 28, 2025
TRON – CORNER GROWTH ACQUISITION CORP 2 * vote December 23, 2024 -> extend from December 31, 2024 to December 31, 2025

MERGER VOTES
LATG – Chenghe Acquisition I Co Femco Steel Technology Co., Ltd
FST is a Taiwan-based company mainly engaged in the research and development, production and sales of golf shafts. Its customers cover the world’s major golf brand manufacturers and distributors. In addition to contract manufacturing of steel golf shafts, the Company also designs, manufactures and sells golf shafts under its proprietary brands.

MITA – Coliseum Acquisition Corp Rain Enhancement Technologies
RET was founded to provide the world with reliable access to water, one of life’s most important resources. To achieve this mission, RET aims to develop, manufacture and commercialize ionization rainfall generation technology. This weather modification technology seeks to provide the world with reliable access to water, and transform business, society and the planet for the better.

BRKH – Burtech Acquisition Corp Blaize, Inc.
Blaize is a provider of full-stack, AI-enabled computing solutions across diverse and expanding markets, encompassing automotive, mobility, retail, security, industrial automation, healthcare and others that represent a collective total addressable market in excess of $70 billion. Blaize’s proprietary, purpose-built, full-stack programable processor architecture and low-code/no-code software platform solutions are designed to enable enterprises to rapidly harness the power of AI at the periphery of the network and in the data center and deliver real-time insights and decision-making capabilities with speed and efficiency.

SPAC LIQUIDATIONS
CF Acquisition Corp. VII (CFFS)-> Liquidation on Dec 23
Fortune Rise Acquisition Corp (FRLA)-> Liquidation on Dec 16

SPAC NEWS
MITA – COLISEUM ACQUISITION CORP * Trust Update * trust $11.39
CFFS – CF ACQUISITION CORP VII * Liquidation-> 2024-12-23 * trust $11.41
NBST – NEWBURY STREET ACQUISITION CORP * Deal Termination
ALSA – ALPHA STAR ACQUISITION CORP * Delisting
CSLM – CSLM ACQUISITION CORP * Investor Deck
HSPO – HORIZON SPACE ACQUISITION I CORP * Vote Adjourn

SPAC DEALS ANNOUNCED
Dec 19 | FORL – Four Leaf Acquisition Corp * + Xiaoyu Dida Interconnect International Limited

YESTERDAY’S TOP SPAC GAINERS
7.92% ~ $ 2.86 | ROCL – Roth CH Acquisition V Co. (Announced)
5.84% ~ $ 12.50 | WINV – WinVest Acquisition Corp. (Announced)
1.11% ~ $ 11.85 | CLBR – COLOMBIER ACQUISITION CORP. II (Pre-Deal)
.93% ~ $ 10.80 | HLXB – Helix Acquisition Corp. II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-7.92% ~ $ 10.81 | GLLI – Globalink Investment Inc. (Announced)
-7.16% ~ $ 4.67 | MARX – Mars Acquisition Corp. (Announced)
-6.30% ~ $ 10.86 | HAIA – Healthcare AI Acquisition Corp. (Announced)
-6.22% ~ $ 6.18 | BOCN – Blue Ocean Acquisition Corp (Announced)
-5.17% ~ $ 11.37 | GLST – Global Star Acquisition Inc. (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 19 |  | RANG – Range Capital Acquisition Corp.
Dec 12 | $ 10.02 | MLAC – Mountain Lake Acquisition Corp.
Dec 12 | $ 9.96 | DRDB – Roman DBDR Acquisition Corp. II
Dec 10 | $ 10.03 | JACS – Jackson Acquisition Co II
Dec 04 | $ 10.01 | SPHA – Shepherd Ave Capital Acquisition Corp
Dec 04 | $ 10.03 | TAVI – Tavia Acquisition Corp.
Nov 26 | $ 9.96 | FACT – FACT II Acquisition 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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