Daily SPAC Update – December 6, 2024

by | Dec 6, 2024

Roth CH Acquisition (ROCL) Extension Approved IGTA, INAQ, KACL Extension Votes. DP Cap Acquisition (DPCS) Dismisses Marcum. BRKH Deal Deck.

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Daily SPAC Update

SPAC Daily Brief – December 6, 2024
Today’s SPAC updates feature key vote results, including Roth CH Acquisition V Co. (ROCL) extending to June 3, 2025. Upcoming extension votes on December 6 involve Inception Growth Acquisition Ltd. (IGTA), Insight Acquisition Corp. (INAQ), and Kairous Acquisition Corp. Ltd. (KACL) for extensions ranging into 2025. Gores Holdings IX (GHIX) is set to liquidate on December 6. Notable developments include Athena Technology II (ATEK) announcing a merger with Ace Green Recycling and amendments to merger agreements for SK Growth (SKGR) and Focus Impact BH3 (BHAC). Two new SPAC IPOs—Tavia Acquisition ($100M) and Shepherd Ave Capital ($75M)—launched today. Trust updates and presentations were released by Chenghe Acquisition (LATG) and BurTech (BRKH), with Bowen Acquisition (BOWN) reporting a PIPE update.

SPAC VOTE RESULTS
ROCL – ROTH CH ACQUISITION V CO * Extend to Jun 03, 2025

EXTENSION VOTES
IGTA – INCEPTION GROWTH ACQUISITION LTD * vote December 6, 2024 -> extend from December 13, 2024 to June 13, 2025
INAQ – INSIGHT ACQUISITION CORP * vote December 6, 2024 -> extend from December 7, 2024 to March 7, 2025
KACL – KAIROUS ACQUISITION CORP LTD * vote December 6, 2024 -> extend from December 16, 2024 to June 16, 2025

SPAC LIQUIDATIONS
Gores Holdings IX, Inc. (GHIX)-> Liquidation on Dec 06

OTHER SPAC NEWS
DPCS – DP CAP ACQUISITION CORP I * Dismissed Accountant
LATG – CHENGHE ACQUISITION I CO * Trust Update * trust $11.73
BRKH – BURTECH ACQUISITION CORP * Investor Deck
ATEK – ATHENA TECHNOLOGY ACQUISITION CORP II * Merger Agreement
SKGR – SK GROWTH OPPORTUNITIES CORP * Merger Agreement Amendment
BHAC – FOCUS IMPACT BH3 ACQUISITION CO * Merger Agreement Amendment
BOWN – BOWEN ACQUISITION CORP * PIPE Update

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

YESTERDAY’S TOP SPAC GAINERS
7.83% ~ $ 13.50 | THCP – Thunder Bridge Capital Partners IV, Inc. (Announced)
1.85% ~ $ 10.72 | BOCN – Blue Ocean Acquisition Corp (Announced)
1.57% ~ $ 11.28 | ALCY – Alchemy Investments Acquisition Corp 1 (Pre-Deal)
1.08% ~ $ 11.20 | BLAC – Bellevue Life Sciences Acquisition Corp. (Announced)
.81% ~ $ 11.22 | CLBR – COLOMBIER ACQUISITION CORP. II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-7.88% ~ $ 10.87 | INAQ – Insight Acquisition Corp. (Announced)
-3.71% ~ $ 10.90 | MCAG – Mountain Crest Acquisition Corp. V (Announced)
-2.01% ~ $ 11.60 | EMCG – Embrace Change Acquisition Corp. (Pre-Deal)
-1.96% ~ $ 11.03 | GBBK – Global Blockchain Acquisition Corp. (Announced)
-1.27% ~ $ 11.70 | MSSA – Metal Sky Acquisition Corp (Pre-Deal)

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.

LATEST SPAC IPO PERFORMANCE
Dec 04 || SPHA – Shepherd Ave Capital Acquisition Corp
Dec 04 | $ 9.99 | TAVI – Tavia Acquisition Corp.
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 | $ 9.97 | WLAC – Willow Lane Acquisition Corp.
Nov 08 | $ 10.03 | ASPC – SPAC III Acquisition Corp.
Nov 07 | $ 9.99 | GSRT – GSR III 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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