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.
Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha SPAC Intelligence Platform (7-Day Trial)
SPAC DEALS ANNOUNCED
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 Asia, Canada, USA and Latin America.
OPA to LIQUIDATE
OPA – MAGNUM OPUS ACQUISITION LTD * Liquidation-> 2024-02-08 * trust $10.81
SPAC VOTES SET
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 SPAC SHENANIGANS
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
SPAC VOTE RESULTS
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
OTHER SPAC NEWS
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Released Investor Deck
CSTAF – CONSTELLATION ACQUISITION CORP I * Announced preliminary redemption details * 3,399,900 redeemed
EXTENSION VOTES
CSTAF – CONSTELLATION ACQUISITION CORP I * 12 monthly extensions to Jan 29, 2025
YESTERDAY’S TOP SPAC GAINERS
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)
YESTERDAY’S TOP SPAC LOSERS
-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)