Daily SPAC Update – Feb 27, 2024

by | Feb 27, 2024

ARYD Extension Vote. CNDB + GCT Semiconductor Deal Vote. Sizzle Acquisition Deal Approved. HCMA, MBTC, IRAA, TRON, ROSS Set Votes.

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Daily SPAC Update

MERGER VOTES
CNDB + GCT SEMICONDUCTOR INC

EXTENSION VOTES
ARYD – ARYA SCIENCES ACQUISITION CORP IV * vote Feb 27, 2024 -> extend to March 2, 2025

SPAC VOTES SET
HCMA – HCM ACQUISITION CORP * Deal Vote Set: Mar 05, 2024 * trust $11.22
MBTC – NOCTURNE ACQUISITION CORP * Vote Set for March 19
IRAA – IRIS ACQUISITION CORP * Extension Vote Set: Mar 07, 2024 * trust $10.65
TRON – CORNER GROWTH ACQUISITION CORP 2 * Extension Vote Set: Mar 08, 2024 * trust $11.55
ROSS – ROSS ACQUISITION CORP II * Extension Vote Set: Mar 06, 2024 * trust $11.02

SPAC VOTE RESULTS
SZZL – SIZZLE ACQUISITION CORP * Deal Approved

OTHER SPAC NEWS
MACA – MORINGA ACQUISITION CORP * Merger Agreement
GODN – Vote to change extension fees

YESTERDAY’S TOP SPAC GAINERS
23.78% ~ $ 9.11 | ARIZ – Arisz Acquisition Corp. (Announced)
13.55% ~ $ 12.49 | GIA – GigCapital5, Inc. (Announced)
11.03% ~ $ 9.06 | ADOC – Edoc Acquisition Corp (Announced)
8.99% ~ $ 10.31 | OXUS – Oxus Acquisition Corp. (Announced)
6.57% ~ $ 12.49 | ENCP – Energem Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-11.05% ~ $ 5.23 | LBBB – Lakeshore Acquisition II Corp. (Announced)
-7.60% ~ $ 11.55 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-6.68% ~ $ 12.86 | PTWO – Pono Capital Two, Inc. (Announced)
-5.43% ~ $ 10.62 | APTM – Plum Acquisition Corp. III (Pre-Deal)
-4.93% ~ $ 47.23 | DWAC – Digital World 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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