Daily SPAC Update – Feb 8, 2024

by | Feb 8, 2024

Daily SPAC Update for Feb 8, 2024. TGVC + Flexi Group & PBAX + CERo Therapeutics Merger Votes. ATAK DeSPAC. HHLA Liquidates. 4 SPAC Extension Votes.

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Daily SPAC Update

MERGER VOTES
PBAX + CERo Therapeutics, Inc.

DeSPACs
ATAK -> DHAI on Feb 09

SPAC LIQUIDATION
HHLA – HH&L ACQUISITION CO * liquidation * trust $10.79

EXTENSION VOTES
CPTK – CROWN PROPTECH ACQUISITIONS * extend to Aug 11, 2024
CVII – CHURCHILL CAPITAL CORP VII * extend from Feb 17, 2024 to Aug 17, 2024
DPCS – DP CAP ACQUISITION CORP I * extend to Nov 12, 2024
QFTA – QUANTUM FINTECH ACQUISITION CORP * extend to April 9, 2024

VOTES SET
ARIZ – ARISZ ACQUISITION CORP * Deal Vote Set: Feb 28, 2024 * trust $11.14
ADOC – EDOC ACQUISITION CORP * Deal Vote Set: Feb 26, 0204 * trust $11.76
ENCP – ENERGEM CORP * Deal Vote Set: Feb 23, 2024 * trust $11.52
GIA – GIGCAPITAL5 INC * Deal Vote Set: Feb 20, 2024 * trust $11.02
TGVC – TG VENTURE ACQUISITION CORP * Vote delayed to Feb 22 * trust $11.17

OTHER SPAC NEWS
APTM – ALPHA PARTNERS TECHNOLOGY MERGER CORP * Change name / ticker & redemption update * 12,433,210 redeemed * trust $10.75
GODN – GOLDEN STAR ACQUISITION CORP * Vote set to change extension fees * trust $10.47

YESTERDAY’S TOP SPAC GAINERS
38.90% ~ $ 12.50 | OXUS – Oxus Acquisition Corp. (Announced)
6.26% ~ $ 4.75 | DECA – Denali Capital Acquisition Corp. (Announced)
2.73% ~ $ 11.30 | MBTC – Nocturne Acquisition Corporation (Announced)
2.41% ~ $ 11.48 | BREZ – Breeze Holdings Acquisition Corp (Announced)
1.78% ~ $ 12.01 | CLOE – Clover Leaf Capital Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-36.09% ~ $ 7.03 | PBAX – Phoenix Biotech Acquisition Corp. (Announced)
-22.86% ~ $ 5.50 | CHEA – Chenghe Acquisition Co. (Announced)
-10.87% ~ $ 9.27 | LCAA – L Catterton Asia Acquisition Corp (Announced)
-8.68% ~ $ 9.99 | TGVC – TG Venture Acquisition Corp. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)

Recent Analysis

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

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.

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