Daily SPAC Update – Feb 7, 2024

by badmin | Feb 7, 2024

Daily SPAC Update for Feb 7, 2024. PFTA & RBio Energy Deal Announced. CBRG, PUCK, RMGC Extension Votes. ENCP Sets Deal Vote. SZZL Delays Vote.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
PFTA + Rbio Energy

EXTENSION VOTES
CBRG – CHAIN BRIDGE I * extend to Nov 15, 2024
PUCK – GOAL ACQUISITIONS CORP * extend to Aug 8, 2024
RMGC – RMG ACQUISITION CORP III * extend from Feb 9, 2024 to Apr 9, 2024

SPAC VOTES SET
ENCP – ENERGEM CORP * Deal Vote Set: Feb 23, 2024 * trust $11.52

SPAC VOTE RESULTS
ARIZ – ARISZ ACQUISITION CORP * Extend to Nov 22, 2024 * 777,050 redeemed * trust $11.14
ARRW – ARROWROOT ACQUISITION CORP * Extend to Aug 06, 2024
KRNL – KERNEL GROUP HOLDINGS INC * Extend to Aug 05, 2024 * 5,806,608 redeemed * trust $10.80

OTHER SPAC NEWS
CHEA – CHENGHE ACQUISITION CO * Redemption Update * 8,133,060 redeemed * trust $11.08
GPAC – GLOBAL PARTNER ACQUISITION CORP II * New Investor Deck
SZZL – SIZZLE ACQUISITION CORP * Deal vote delayed to Feb 15

YESTERDAY’S TOP SPAC GAINERS
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
12.13% ~ $ 11.00 | PBAX – Phoenix Biotech Acquisition Corp. (Announced)
4.49% ~ $ 11.64 | AIMA – Aimfinity Investment Corp. I (Announced)
4.48% ~ $ 5.53 | LGST – Semper Paratus Acquisition Corp (Announced)
2.13% ~ $ 11.49 | NVAC – NorthView Acquisition Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.47% ~ $ 13.55 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
-13.76% ~ $ 10.40 | LCAA – L Catterton Asia Acquisition Corp (Announced)
-9.50% ~ $ 11.00 | MBTC – Nocturne Acquisition Corporation (Announced)
-9.19% ~ $ 9.00 | OXUS – Oxus Acquisition Corp. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)

ICYMI: SPAC FINAL RULES APPROVED BY SEC

For most, the SPAC boom is long-dead and was unlikely to ever return to the levels of irrational exuberance seen during peak times. Still, the SEC has long wanted to layer on additional regulation to ensure that it doesn’t happen. On Jan 24 the SEC commission, chaired by Gary Gensler, voted 3-2 to adopt the new rules which will make SPACs feel a lot more like traditional IPOs. For more on the new rules and the market’s reaction, below are some good reads.

Recent Analysis

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

Impactive Capital Secures Full Three-Seat Slate at WEX

Impactive Capital has reached a cooperation agreement with WEX Inc., securing all three board seats it sought. The agreement follows a proxy contest and addresses WEX’s underperformance, trailing the S&P 500 by 24 points on a three-year CAGR basis.

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

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