Daily SPAC Update – Jan 22, 2024

by David Pogemiller | Jan 22, 2024

Daily SPAC Update for Jan 22, 2024. A Quiet start to the SPAC week. Extension votes this week include DMAQ, JWSM, CSTAF.

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

OTHER SPAC NEWS
CSTAF – CONSTELLATION ACQUISITION CORP I * Preliminary update on redemptions prior to Jan 23 extension vote * 3,399,900 redeemed
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Released SPAC Investor Deck for its deal with Abpro

EXTENSION VOTE SET
CVII – CHURCHILL CAPITAL CORP VII * Extension Vote Set: Feb 08, 2024 * trust $10.54

SEPARATE WARRANTS/RIGHTS
AFJK on Jan 22

THIS WEEK’S EXTENSION VOTES
CSTAF – CONSTELLATION ACQUISITION CORP I * Vote Jan 23, 2024 -> 12 monthly extensions to Jan 29, 2025
DMAQ – DEEP MEDICINE ACQUISITION CORP * vote Jan 26, 204 -> extend to July 29, 2024
JWSM – JAWS MUSTANG ACQUISITION CORP * vote Jan 25, 2024 -> extend to Feb 4, 2025

YESTERDAY’S TOP SPAC GAINERS
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
5.90% ~ $ 11.12 | APAC – StoneBridge Acquisition Corp. (Announced)
4.04% ~ $ 11.37 | OTEC – OceanTech Acquisitions I Corp. (Announced)
3.44% ~ $ 20.12 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
3.31% ~ $ 11.25 | ASCB – A SPAC II Acquisition Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-14.96% ~ $ 6.65 | NCAC – Newcourt Acquisition Corp (Announced)
-7.46% ~ $ 6.70 | NUBI – Nubia Brand International Corp. (Announced)
-3.18% ~ $ 10.65 | FICV – Frontier Investment Corp (Pre-Deal)
-2.44% ~ $ 8.00 | DMAQ – Deep Medicine Acquisition Corp. (Announced)
-2.43% ~ $ 11.03 | TWLV – Twelve Seas Investment Company II (Pre-Deal)

Recent Analysis

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.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

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