Daily SPAC Update – Feb 21, 2024

by | Feb 21, 2024

DT Cloud Acquisition $60M IPO. PPYA, IFIN, ENCP, and RACY Extend. SZZL + Critical Metals Deal Vote. RCAC Extension Vote.

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Daily SPAC Update

MERGER VOTES
SZZL + Critical Metals Corp.

SPAC IPO
DYCQ – DT Cloud Acquisition Corp $60M IPO

SPAC DEALS ANNOUNCED
ACAC + Foxx Development * Deal announcement
SEDA + cunova GmbH

VOTE RESULTS
PPYA – PAPAYA GROWTH OPPORTUNITY CORP I * Extend to Jan 18, 2025 * 1,592,678 redeemed * trust $10.94
IFIN – INFINT ACQUISITION CORP * Extend to Nov 23, 2024 * 2,661,404 redeemed * trust $11.36
ENCP – ENERGEM CORP * Extend to Aug 18, 2024 * 189,385 redeemed * trust $11.47
RACY – RELATIVITY ACQUISITION CORP * Extend to Feb 15, 2025 * 90,054 redeemed * trust $11.32

VOTE DATES SET
KWAC – KINGSWOOD ACQUISITION CORP * Deal vote delayed to March 6, 2024
ENCP – ENERGEM CORP * Vote delayed to February 28, 2024
HSPO – HORIZON SPACE ACQUISITION I CORP * Extension Vote Set: Mar 22, 2024 * trust $10.79
XPDB – POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP * Extension Vote Set: Mar 12, 2024 * trust $10.87
COOL – CORNER GROWTH ACQUISITION CORP * Extension Vote Set: Feb 29, 2024 * trust $10.89

EXTENSION VOTES
RCAC – REVELSTONE CAPITAL ACQUISITION CORP * vote Feb 19, 2024 -> extend from Feb 21, 2024 to May 21, 2024

OTHER SPAC NEWS
TWOA – TWO * New $15M PIPE
LCAA – L CATTERTON ASIA ACQUISITION CORP * PIPE Adjustments

YESTERDAY’S TOP SPAC GAINERS
12.52% ~ $ 7.19 | SZZL – Sizzle Acquisition Corp. (Announced)
11.45% ~ $ 4.83 | DECA – Denali Capital Acquisition Corp. (Announced)
5.48% ~ $ 4.62 | LBBB – Lakeshore Acquisition II Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.57% ~ $ 9.00 | APAC – StoneBridge Acquisition Corp. (Announced)
-7.54% ~ $ 44.88 | DWAC – Digital World Acquisition Corp. (Announced)
-3.04% ~ $ 11.15 | VHAQ – Viveon Health Acquisition Corp. (Announced)
-2.66% ~ $ 11.70 | MBTC – Nocturne Acquisition Corporation (Announced)
-2.66% ~ $ 11.34 | BREZ – Breeze Holdings Acquisition Corp (Announced)

Recent Analysis

Daily SPAC Update – December 10, 2024

Jackson Acquisition II $200M IPO (Jackson I Liquidated). APXI Shareholders Approve Extension w/ 5M Redemptions. HCVI Merger Amendment. SLAMF Vote Adjourned and IVCB Vote Postponed. 

Daily SPAC Update – December 9, 2024

TCHP + Coincheck Deal Approved. GLLI, INAQ, ESHA Shareholders Approve Extensions. DP Cap Acquisition  (DPCS) Dismisses Accountant. SLAM and BRKH Extension Votes.

Daily SPAC Update – December 4, 2024

Global Star (GLST) Extension Approved. APXI Extension Vote Today. ATMC Updates Trust Numbers. LATG Deal Vote Set for Dec 23. ATMV, SHAP, TRON, INAQ Set Extension Votes.

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