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

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GGAAF + MindMaze Deal Vote. DIST + Youlife Deal Announced. BFAC, IVCB Extension Votes. GODN Sets Deal Vote. INAQ, GLST, PLMI Set Extension Votes.

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Ashford Hospitality (AHT) wins its fight with Blackwells and tells shareholders is doesn’t care what they think. Erez fails at Whitestone (WSR). ISS and Glass Lewis disagree on Crown Castle (CCI).

Daily SPAC Update – May 17, 2024

RFAIU $100 million SPAC IPO. BFAC & SUAC Extension Votes. PWUP Vote Delayed. FLFV Deal Vote Set. SWSS, EVE, NFYS, PLAO, BREZ Set Extension Votes.

Daily SPAC Update – May 16, 2024

PLMI SPAC Deal Vote Set. CNDA Extension Vote Set. BFAC & GTAC Merger Agreements. ICVB Merger Agreement Amendment. BCSA, NPAB, EVGR Extensions Approved.

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