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

Daily SPAC Update – September 17, 2024

PLMI DeSPACs to VEEA. CHEB and SHPO SPAC Deals Announced. OAKU Sets Extension Vote. Prospect Energy Holdings Pulls SPAC IPO. AOGO Delists. Zalatoris II Redemption Update. NBST Trust Update.

Daily SPAC Update – September 16, 2024

Alpha Star Acquisition + OU XData Group SPAC Deal. GATE Extension Approved. FIAC Deal Approved. NNAG Liquidation. NBST Extension Vote Set. BAYA and ROSS Extension Votes.

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