Daily SPAC Update – Jan 18, 2024

by | Jan 18, 2024

Daily SPAC Update for Jan 18, 2024. Two highly speculative deals announced. Deal deck for OXUS. SVII, TCOA extend + redemptions. XPDB, BLUA, KRNL votes set.

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SPAC DEALS ANNOUNCED
QDRO + 7 Private Companies via Linberg’s Global Growth PE Fund
– a roll-up of 7 private companies
– no detail on any of them other than they “are a portfolio of stable recurring revenue businesses with high barriers to entry”
– all under Lindberg’s Global Growth PE fund

DSAQ + FlyBlade (India) Private Limited (Hunch Mobility)

EXTENSION VOTES
HCMA – HCM ACQUISITION CORP * vote -> extend monthly to April 25, 2024

VOTES SET
XPDB – POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP * Deal Vote Set: Mar 08, 2024 * trust $10.82
SVII – SPRING VALLEY ACQUISITION CORP II * Extend to Oct 17, 2025 * 8,362,234 redeemed * trust $10.85
TCOA – ZALATORIS ACQUISITION CORP * Extend to Nov 14, 2024 * 3,465,997 redeemed * trust $10.67
BLUA – BLUERIVER ACQUISITION CORP * Extension Vote Set: Feb 01, 2024
KRNL – KERNEL GROUP HOLDINGS INC * Extension Vote Set: Feb 01, 2024 * trust $10.74

POTENTIAL LIQUIDATION
ATAK – AURORA TECHNOLOGY ACQUISITION CORP * has until Feb 7 to meet NASDAQ listing requirements or must liquidate. Redemptions would be at $11.09

OTHER SPAC NEWS
PTWO enters non-redemption agreement
DWAC PIPE problems

NEW DEAL DECKS
OXUS + Borealis 
ROCL – ROTH CH ACQUISITION V CO + New Era Helium Corp
NCAC – Newcourt Acquisition Corp + Psyence Biomedical Ltd

YESTERDAY’S TOP SPAC GAINERS
77.50% ~ $ 22.01 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
26.95% ~ $ 4.24 | ATAK – Aurora Technology Acquisition Corp. (Announced)
16.12% ~ $ 11.60 | NCAC – Newcourt Acquisition Corp (Announced)
4.65% ~ $ 6.30 | NUBI – Nubia Brand International Corp. (Announced)
3.13% ~ $ 23.05 | DWAC – Digital World Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-4.09% ~ $ 11.03 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-3.18% ~ $ 10.65 | FICV – Frontier Investment Corp (Pre-Deal)
-2.51% ~ $ 10.49 | APAC – StoneBridge Acquisition Corp. (Announced)
-1.84% ~ $ 5.88 | DECA – Denali Capital Acquisition Corp. (Announced)
-1.82% ~ $ 10.79 | AQU – Aquaron Acquisition Corp. (Announced)

Recent Analysis

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