Daily SPAC Update – Feb 26, 2024

by | Feb 26, 2024

DWAC Adds New Risks. ADOC Delayed to Feb 28. TRON, ATEK, MCAA Set Votes. Biggest Gainers/Losers.

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Daily SPAC Update

EXTENSION VOTES
MNTN – EVEREST CONSOLIDATOR ACQUISITION CORP * vote Feb 26, 2024 -> extend from Feb 28, 2024 to Aug 28, 202

OTHER SPAC NEWS
ADRT – AULT DISRUPTIVE TECHNOLOGIES CORP * Redemption Update * 121,695 redeemed * trust $11.61
DWAC – DIGITAL WORLD ACQUISITION CORP * Adds new risk factors to proxy

SPAC VOTE RESULTS
CHAA – CATCHA INVESTMENT CORP * Extend to May 17, 2024 * 641,303 redeemed * trust $10.29

SPAC VOTES SET
ADOC – Edoc Acquisition Corp – Delays deal vote to Feb 28
TRON – CORNER GROWTH ACQUISITION CORP 2 * Extension Vote Set: Mar 08, 2024 * trust $11.55
ATEK – ATHENA TECHNOLOGY ACQUISITION CORP II * Extension Vote Set: Mar 12, 2024 * trust $11.23
MCAA – MOUNTAIN & CO I ACQUISITION CORP * Extension Vote Set: Sep 14, 2023 * trust $11.40
GMFI – AETHERIUM ACQUISITION CORP * Extension Vote Set: Mar 05, 2024 * trust $11.01

YESTERDAY’S TOP SPAC GAINERS
14.83% ~ $ 13.78 | PTWO – Pono Capital Two, Inc. (Announced)
12.36% ~ $ 9.00 | WNNR – Andretti Acquisition Corp. (Announced)
6.43% ~ $ 49.68 | DWAC – Digital World Acquisition Corp. (Announced)
5.65% ~ $ 11.40 | TGVC – TG Venture Acquisition Corp. (Announced)
3.16% ~ $ 11.44 | AVHI – Achari Ventures Holdings Corp. I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-34.23% ~ $ 7.36 | ARIZ – Arisz Acquisition Corp. (Announced)
-18.89% ~ $ 8.16 | ADOC – Edoc Acquisition Corp (Announced)
-18.83% ~ $ 10.00 | SEPA – SEP ACQUISITION CORP (Announced)
-11.29% ~ $ 9.90 | SZZL – Sizzle Acquisition Corp. (Announced)
-7.02% ~ $ 9.53 | APAC – StoneBridge Acquisition Corp. (Announced)

THIS WEEK’S EXTENSION VOTES
ARYD – ARYA SCIENCES ACQUISITION CORP IV * vote Feb 27, 2024 -> extend to March 2, 2025
CMCA – CAPITALWORKS EMERGING MARKETS ACQUISITION CORP * vote Feb 29, 2024 -> extend from March 3, 2024 to March 3, 2025
COOL – CORNER GROWTH ACQUISITION CORP * vote Feb 29, 2024 -> extend from from March 20, 2024 to June 30, 2024
ENCP – ENERGEM CORP * vote Feb 16, 2024 -> extend to Aug 18, 2024
MNTN – EVEREST CONSOLIDATOR ACQUISITION CORP * vote Feb 26, 2024 -> extend from Feb 28, 2024 to Aug 28, 2024

THIS WEEK’S MERGER VOTES
MBTC + Cognos Therapeutics Inc
CNDB + GCT SEMICONDUCTOR INC
ENCP + Graphjet Technology
ARIZ + BitFuFu
ASCA + NewGen Group
TGVC + Flexi Group

Recent Analysis

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.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

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