Daily SPAC Update – Feb 28, 2024

by | Feb 28, 2024

SZZL DeSPACs to CRML. ENCP + Graphjet Technology Vote. ARIZ + BitFuFu Deal Vote.  RCAC to Liquidate. GODN and MBTC Delayed.

Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

DeSPACs
SZZL trades as CRML on Feb 28

SPAC VOTE RESULTS
SZZL – SIZZLE ACQUISITION CORP * Deal Approved

MERGER VOTES
ENCP + Graphjet Technology
ARIZ + BitFuFu

SPAC VOTES SET
GODN – GOLDEN STAR ACQUISITION CORP * Delays vote to March 1, 2024
ADOC – EDOC ACQUISITION CORP * Delays vote to March 5, 2024
HCMA – HCM ACQUISITION CORP * Deal Vote Set: Mar 05, 2024 * trust $11.22
MBTC – NOCTURNE ACQUISITION CORP * Delays vote to March 19, 2024
NBST – NEWBURY STREET ACQUISITION CORP * Extension Vote Set: Mar 20, 2024 * trust $10.69
IRAA – IRIS ACQUISITION CORP * Extension Vote Set: Mar 07, 2024 * trust $10.65
ROSS – ROSS ACQUISITION CORP II * Extension Vote Set: Mar 06, 2024 * trust $11.02
TRON – CORNER GROWTH ACQUISITION CORP 2 * Extension Vote Set: Mar 08, 2024 * trust $11.55

OTHER SPAC NEWS
RCAC – REVELSTONE CAPITAL ACQUISITION CORP * To Liquidate
BFAC – BATTERY FUTURE ACQUISITION CORP * Changes Auditor

YESTERDAY’S TOP SPAC GAINERS
11.92% ~ $ 10.20 | APAC – StoneBridge Acquisition Corp. (Announced)
6.00% ~ $ 5.30 | DECA – Denali Capital Acquisition Corp. (Announced)
3.63% ~ $ 5.42 | LBBB – Lakeshore Acquisition II Corp. (Announced)
3.43% ~ $ 12.38 | FLME – Flame Acquisition Corp. (Announced)
2.33% ~ $ 11.00 | YOTA – Yotta Acquisition Corp (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.83% ~ $ 7.85 | ARIZ – Arisz Acquisition Corp. (Announced)
-11.85% ~ $ 11.01 | ENCP – Energem Corp (Announced)
-8.73% ~ $ 10.04 | ASCA – ASPAC I Acquisition Corp. (Announced)
-7.28% ~ $ 8.40 | ADOC – Edoc Acquisition Corp (Announced)
-5.92% ~ $ 9.70 | OXUS – Oxus Acquisition Corp. (Announced)

Recent Analysis

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.

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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.