Daily SPAC Update – Feb 13, 2024

by David Pogemiller | Feb 13, 2024

Daily SPAC Update for Feb 13, 2024. WNNR + Zapata AI Deal Vote. Lindzon’s SLAC to Liquidate. AACI, BITE, and RACY Extension Votes.

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Daily SPAC Update

SPAC DEAL ANNOUNCED
NNAG – 99 ACQUISITION GROUP INC * announces deal with Nava Health MD * Nava previously looked to IPO (filed in Oct ’22; withdrew in Mar ’23)

MERGER VOTES
WNNR + Zapata AI

EXTENSION VOTES
AACI – ARMADA ACQUISITION CORP I * extend to Aug 17, 2024
BITE – BITE ACQUISITION CORP * extend from Feb 17, 2024 to Aug 17, 2024
RACY – RELATIVITY ACQUISITION CORP * extend from Feb 15, 2024 to Feb 15, 2025

OTHER SPAC NEWS
SLAC – SOCIAL LEVERAGE ACQUISITION CORP I * Cancelled extension vote; will liquidate
CVII – CHURCHILL CAPITAL CORP VII * Extend to Aug 17, 2024
CPTK – CROWN PROPTECH ACQUISITIONS * Extend to Aug 11, 2024 * 2,195,847 redeemed
DPCS – DP CAP ACQUISITION CORP I * Extend to Nov 12, 2024 * 2,559,402 redeemed * trust $10.91
SZZL – SIZZLE ACQUISITION CORP * Extended to Aug 8, 2024 * 779,917 redeemed * trust $11.05
CVII – CHURCHILL CAPITAL CORP VII * Updates redemptions * 951,810 redeemed * trust $10.61
PPYA – PAPAYA GROWTH OPPORTUNITY CORP I * Adjourn vote to Feb 16
KWAC – KINGSWOOD ACQUISITION CORP * Extension Vote Set: Feb 22, 2024 * trust $12.99
MNTN – EVEREST CONSOLIDATOR ACQUISITION CORP * Extension Vote Set: Feb 26, 2024 * trust $11.17
FICV – FRONTIER INVESTMENT CORP * Set liquidation vote * trust $10.69
PBAX – PHOENIX BIOTECH ACQUISITION CORP * Deal Approved * 671,285 redeemed * trust $11.11

YESTERDAY’S TOP SPAC GAINERS
51.33% ~ $ 10.26 | QFTA – Quantum FinTech Acquisition Corp (despac)
5.89% ~ $ 4.77 | DECA – Denali Capital Acquisition Corp. (Announced)
4.77% ~ $ 11.43 | SHAP – Spree Acquisition Corp. 1 Ltd (Pre-Deal)
4.42% ~ $ 11.35 | ASCB – A SPAC II Acquisition Corp. (Pre-Deal)
4.41% ~ $ 11.59 | CNGL – Canna-Global Acquisition Corp (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-22.22% ~ $ 8.75 | LBBB – Lakeshore Acquisition II Corp. (Announced)
-20.22% ~ $ 5.05 | PBAX – Phoenix Biotech Acquisition Corp. (Announced)
-10.40% ~ $ 5.86 | CHEA – Chenghe Acquisition Co. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-5.89% ~ $ 10.70 | TWLV – Twelve Seas Investment Company II (Pre-Deal)

Recent Analysis

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.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

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