Daily SPAC Update – Feb 15, 2024

by | Feb 15, 2024

PBAX DeSPACs to CERO. LGST DeSPACs to TVGN. LBBB + Nature’s Miracle Deal Vote. LCA Landcadia to Liquidate. DWAC Gains Again.

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Daily SPAC Update

DeSPACs
PBAX -> CERO on Feb 15
LGST -> TVGN on Feb 15

SPAC DEALS ANNOUNCED
ARYD + ADAGIO MEDICAL, INC.

MERGER VOTES
LBBB + Nature’s Miracle

EXTENSION VOTES
AACI – ARMADA ACQUISITION CORP I * extend to Aug 17, 2024
ADRT – AULT DISRUPTIVE TECHNOLOGIES CORP * extend to Dec 20, 2024

SPAC VOTES SET
KWAC – KINGSWOOD ACQUISITION CORP * Deal Vote Set: Feb 22, 2024 * trust $12.99
CNDB – CONCORD ACQUISITION CORP III * Deal Vote Set: Feb 27, 2024 * trust $10.80
ASCA – ASPAC I ACQUISITION CORP * Deal Vote Set: Mar 01, 2024 * trust $11.00
DHCA – DHC ACQUISITION CORP * Deal Vote Set: Mar 05, 2024 * trust $10.77

SPAC VOTE RESULTS
FTII – FUTURETECH II ACQUISITION CORP * Extend to Nov 18, 2024 * 3,236,915 redeemed * trust $11.13
IRRX – INTEGRATED RAIL & RESOURCES ACQUISITION CORP * Extend to Nov 15, 2024 * 4,573,860 redeemed * trust $11.00

SPAC LIQUIDATION
LCA – LANDCADIA HOLDINGS IV INC * Intends to liquidate * trust $10.56

YESTERDAY’S TOP SPAC GAINERS
5.40% ~ $ 43.55 | DWAC – Digital World Acquisition Corp. (Announced)
3.69% ~ $ 11.80 | NOVV – Nova Vision Acquisition Corp (Announced)
2.91% ~ $ 11.32 | CNGL – Canna-Global Acquisition Corp (Pre-Deal)
2.52% ~ $ 8.90 | OXUS – Oxus Acquisition Corp. (Announced)
2.41% ~ $ 11.05 | MAQC – Maquia Capital Acquisition Corporation (Announced)

YESTERDAY’S TOP SPAC LOSERS
-22.62% ~ $ 4.20 | LBBB – Lakeshore Acquisition II Corp. (Announced)
-21.04% ~ $ 9.08 | WNNR – Andretti Acquisition Corp. (Announced)
-11.33% ~ $ 9.31 | SEPA – SEP ACQUISITION CORP (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-5.86% ~ $ 4.50 | DECA – Denali Capital Acquisition Corp. (Announced)

 

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

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.

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