Daily SPAC Update – Jan 22, 2024

by | 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 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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