Daily SPAC Update – Jan 24, 2024

by | Jan 24, 2024

Daily SPAC Update for Jan 24, 2024. CSLM + Fusemachines merger agreement. Extensions for APAC, HCMA, CLOE. Votes set for PTWO, BITE, ARIZ.

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SPAC VOTE RESULTS
APAC – STONEBRIDGE ACQUISITION CORP * Extend to Jul 20, 2024 * 210,813 redeemed * trust $11.36
HCMA – HCM ACQUISITION CORP * Extend to Apr 25, 2024 * 2,460,044 redeemed
CLOE – CLOVER LEAF CAPITAL CORP * Extend to Jul 22, 2024 * 202,360 redeemed * trust $11.71
CSTAF – Adjourned extension vote to Jan 25

SPAC VOTES SET
PTWO – PONO CAPITAL TWO INC * Extension Vote Set: Feb 05, 2024 * trust $10.80
BITE – BITE ACQUISITION CORP * Extension Vote Set: Feb 13, 2024 * trust $10.71
ARIZ – ARISZ ACQUISITION CORP * Extension Vote Set: Feb 05, 2024 * trust $11.13

OTHER SPAC NEWS
CSLM – CSLM ACQUISITION CORP * Deal Announced w/ Fusemachines * SPAC Merger Deal filing
JWSM – JAWS MUSTANG ACQUISITION CORP * Announces redemptions in advance of meeting * 1,023,321 redeemed

YESTERDAY’S TOP SPAC GAINERS
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
12.66% ~ $ 12.90 | APAC – StoneBridge Acquisition Corp. (Announced)
12.37% ~ $ 20.81 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
11.97% ~ $ 8.23 | NUBI – Nubia Brand International Corp. (Announced)
3.94% ~ $ 11.60 | CLRC – ClimateRock (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-4.65% ~ $ 6.77 | NCAC – Newcourt Acquisition Corp (Announced)
-2.27% ~ $ 10.75 | TWLV – Twelve Seas Investment Company II (Pre-Deal)
-1.78% ~ $ 10.50 | EMLD – FTAC Emerald Acquisition Corp. (Pre-Deal)
-1.51% ~ $ 11.08 | MAQC – Maquia Capital Acquisition Corporation (Announced)

Recent Analysis

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

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.

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