Daily SPAC Update – Jan 23, 2024

by | Jan 23, 2024

Daily SPAC Update for Jan 23, 2024. Trump’s DWAC surges again. NCAC SPAC shenanigans. OPA to liquidate. ACAB investor deck. Plus PBAX, EMLD, CSTAF, and more.

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CSLM + Fusemachines Inc.
Founded in 2013, Fusemachines is a global provider of enterprise AI products and solutions on a mission to democratize AI. Leveraging proprietary AI Studio and AI Engines, the company helps drive the clients’ AI Enterprise Transformation, regardless of where they are in their Digital AI journeys. Under the leadership of chief executive officer and founder, Dr. Sameer Maskey, PhD, Adjunct Associate Professor at Columbia University, Fusemachines continues to actively pursue the mission of democratizing AI for the masses by providing high quality AI education in underserved communities and helping organizations achieve their full potential with AI. Fusemachines is headquartered in New York with operations across AsiaCanadaUSA and Latin America.

OPA – MAGNUM OPUS ACQUISITION LTD * Liquidation-> 2024-02-08 * trust $10.81

PBAX – PHOENIX BIOTECH ACQUISITION CORP * Deal Vote Set: Feb 08, 2024 * trust $11.06
SZZL – SIZZLE ACQUISITION CORP * Extension Vote Set: Feb 06, 2024 * trust $11.12
CVII – CHURCHILL CAPITAL CORP VII * Extension Vote Set: Feb 08, 2024 * trust $10.54
ARRW – ARROWROOT ACQUISITION CORP * Extension Vote Set: Feb 02, 2024 * trust $10.36

NCAC announced they hadn’t met deal closing conditions and rushed a proxy out on the same day they voted to extend. They seem to have just pulled it off and announced shareholders approved an extension to Feb 22, 2024.
NCAC – NEWCOURT ACQUISITION CORP * Extension Vote Set: Jan 24, 2024 * trust $11.51
NCAC – NEWCOURT ACQUISITION CORP * Extended to Feb 22, 2024

CLOE – CLOVER LEAF CAPITAL CORP * Extend to Jul 22, 2024 * 202,360 redeemed * trust $11.71
EMLD – FTAC EMERALD ACQUISITION CORP * Extend to Dec 20, 2024 * 10,872,266 redeemed * trust $10.62

CSTAF – CONSTELLATION ACQUISITION CORP IAnnounced preliminary redemption details * 3,399,900 redeemed

CSTAF – CONSTELLATION ACQUISITION CORP I * 12 monthly extensions to Jan 29, 2025

The appearance of a landslide win for Trump in the Republican primaries has DWAC flying. It shot up 88% yesterday making it’s 5 day run a 169% moon shot. But, for those who think it will only go higher from here, remember that it hit almost $100 at its peak before settling in for a long-run in the teens. And, don’t forget Twitter, Truth Social’s main competitor, is considered a much friendlier environment to Truth Social’s target audience after Musk’s takeover than it was prior.

88.36% ~ $ 49.69 | DWAC – Digital World Acquisition Corp. (Announced)
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
13.10% ~ $ 12.86 | OTEC – OceanTech Acquisitions I Corp. (Announced)
11.50% ~ $ 8.92 | DMAQ – Deep Medicine Acquisition Corp. (Announced)
9.70% ~ $ 7.35 | NUBI – Nubia Brand International Corp. (Announced)

-7.96% ~ $ 18.52 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
-7.69% ~ $ 5.28 | DECA – Denali Capital Acquisition Corp. (Announced)
-2.93% ~ $ 10.92 | ASCB – A SPAC II Acquisition Corp. (Pre-Deal)
-2.27% ~ $ 10.75 | BLEU – bleuacacia ltd (Pre-Deal)
-2.26% ~ $ 10.37 | SBXC – SilverBox Corp III (Pre-Deal)

Recent Analysis

Daily SPAC Update – June 14, 2024

PLMI Extension Vote. TETE Extends. COOL Sets Extension Vote. GPAC Investor Deck. BAYA, RCFA, GAMC Merger Agreements. COOL, RWOD, FLFV Update Trust Values.

Daily SPAC Update – June 13, 2024

Catcha Investment (CHAA) + Crown LNG Approved. DHAC + VSee Labs Deal Approved. SEDA Investor Deck. Feutune Light (FLFV) Updates Trust & Redemptions.

Daily SPAC Update – June 10, 2024

Bayview Acquisition Corp + Oabay Inc. SPAC deal announced. EVE extension vote today. BUJA sets extension vote. PWUP amends merger agreement. COOL postpones to June 26.

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