Daily SPAC Update – December 24, 2024

by | Dec 24, 2024

Investcorp Europe (IVCB) Extends and Meteora Capital’s Vik Mittal Takes Over. LATG Deal Approved. PRLH Delisting.

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Daily SPAC Update

SPAC VOTE RESULTS
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Extend * 7,360,165 redeemed
LATG – CHENGHE ACQUISITION I CO * Deal Approved

OTHER SPAC NEWS
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Confirmed Extension to Dec 17, 2025
PRLH – PEARL HOLDINGS ACQUISITION CORP * Delisting
BLAC – BELLEVUE LIFE SCIENCES ACQUISITION CORP * Merger Agreement Amendment
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * New Sponsor

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

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

YESTERDAY’S TOP SPAC GAINERS
36.19% ~ $ 6.36 | MARX – Mars Acquisition Corp. (Announced)
16.07% ~ $ 13.58 | LATG – LatAmGrowth SPAC (Announced)
9.90% ~ $ 11.88 | ESHA – ESH Acquisition Corp. (Pre-Deal)
1.94% ~ $ 6.30 | BOCN – Blue Ocean Acquisition Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.92% ~ $ 10.81 | GLLI – Globalink Investment Inc. (Announced)
-6.30% ~ $ 10.86 | HAIA – Healthcare AI Acquisition Corp. (Announced)
-2.13% ~ $ 11.50 | IGTA – Inception Growth Acquisition Ltd (Announced)
-2.10% ~ $ 2.80 | ROCL – Roth CH Acquisition V Co. (Announced)
-2.08% ~ $ 11.75 | WTMA – Welsbach Technology Metals Acquisition Corp. (Announced)

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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