Daily SPAC Update – December 5, 2024

by | Dec 5, 2024

Thunder Bridge (THCP) + Coincheck Deal Vote Today. ATEK Announced deal with Ace Green Recycling. Tavia Acquisition IPOs at $100M.

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Daily SPAC Update

SPAC Daily Brief – December 5, 2024
Two SPAC deals have been announced over the last few days: Athena Technology Acquisition Corp II (ATEK) will merge with Ace Green Recycling, Inc., and Target Global Acquisition I Corp (TGAA) with Venhub Global, Inc. Thunder Bridge Capital Partners IV (THCP) is set to have its deal with Coincheck, a leading Japanese digital asset platform with over 1.5 million verified accounts, go to vote today. Two new SPAC IPOs debuted this week: Tavia Acquisition Corp (TAVI) with a $100M raise and Shepherd Ave Capital Acquisition Corp (SPHA) with $75M. Alphavest Acquisition Corp (ATMV) has set its extension vote for December 18, with a trust value of $11.34. Additionally, trust updates were announced for CHENGHE Acquisition I (LATG), Alphatime Acquisition Corp (ATMC), and Burtech Acquisition Corp (BRKH).

SPAC DEALS ANNOUNCED
Dec 04 | ATEK – Athena Technology Acquisition Corp Ii * + Ace Green Recycling, Inc.
Dec 02 | TGAA – Target Global Acquisition I Corp * + Venhub Global, Inc.

MERGER VOTES
THCP – Thunder Bridge Capital Partners Iv Inc Coincheck
Coincheck, Inc. operates “Coincheck”, a digital asset trading service with the highest number of app downloads in Japan* for three consecutive years, and over 1.5 million verified accounts**. With the mission of “making the exchange of new values, more accessible”, the company continues to develop new products and services based on emerging technologies and advanced security, giving users comfort and familiarity with the “exchange of new values” that is enabled by digital assets and blockchain.

NEW SPAC IPOs
Dec 04: TAVI – Tavia Acquisition Corp. $100M IPO
Dec 04: SPHA – Shepherd Ave Capital Acquisition Corp $75M IPO

SPAC DEAL & EXTENSION VOTES SET
ATMV – Alphavest Acquisition Corp * EXTENSION VOTE SET: Dec 18, 2024 * trust $11.34

OTHER SPAC NEWS
LATG – CHENGHE ACQUISITION I CO * Trust Update * trust $11.73
ATMC – ALPHATIME ACQUISITION CORP * Trust Update * trust $11.40
BRKH – BURTECH ACQUISITION CORP * Trust Update * trust $11.49
ATEK – ATHENA TECHNOLOGY ACQUISITION CORP II * Merger Agreement

YESTERDAY’S TOP SPAC GAINERS
13.41% ~ $ 12.52 | THCP – Thunder Bridge Capital Partners IV, Inc. (Announced)
5.36% ~ $ 11.80 | INAQ – Insight Acquisition Corp. (Announced)
1.55% ~ $ 11.13 | CLBR – COLOMBIER ACQUISITION CORP. II (Pre-Deal)
1.01% ~ $ 10.97 | IPXX – Inflection Point Acquisition Corp. II (Announced)

YESTERDAY’S TOP SPAC LOSERS
-10.85% ~ $ 10.52 | BOCN – Blue Ocean Acquisition Corp (Announced)
-3.71% ~ $ 10.90 | MCAG – Mountain Crest Acquisition Corp. V (Announced)
-2.79% ~ $ 11.16 | FTII – Future Tech II Acquisition Corp. (Announced)
-1.63% ~ $ 11.50 | GLST – Global Star Acquisition Inc. (Announced)
-1.17% ~ $ 11.85 | MSSA – Metal Sky Acquisition Corp (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Nov 26 | $ 9.95 | FACT – FACT II Acquisition Corp.
Nov 20 | $ 9.96 | DYNX – Dynamix Corporation
Nov 20 | $ 10.00 | NOEM – CO2 Energy Transition Corp.
Nov 15 | $ 10.02 | HSPT – Horizon Space Acquisition II Corp.
Nov 08 | $ 9.98 | WLAC – Willow Lane Acquisition Corp.
Nov 08 | $ 10.01 | ASPC – SPAC III Acquisition Corp.
Nov 07 | $ 9.98 | GSRT – GSR III Acquisition Corp.

Recent Analysis

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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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