Daily SPAC Update – Feb 13, 2024

by | 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 Update – June 14, 2024

PLMI Extension Vote. TETE Extends. COOL Sets Extension Vote. GPAC Investor Deck. BAYA, RCFA, GAMC Merger Agreements. COOL, RWOD, FLFV Update Trust Values.

Daily SPAC Update – June 13, 2024

Catcha Investment (CHAA) + Crown LNG Approved. DHAC + VSee Labs Deal Approved. SEDA Investor Deck. Feutune Light (FLFV) Updates Trust & Redemptions.

Daily SPAC Update – June 10, 2024

Bayview Acquisition Corp + Oabay Inc. SPAC deal announced. EVE extension vote today. BUJA sets extension vote. PWUP amends merger agreement. COOL postpones to June 26.

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