Daily SPAC Update for Jan 29, 2024. Extension votes for APTM, ONYX, CSTAF. SEPA + SANUWAVE Health deal vote. List of this week’s SPAC votes.
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TODAY’S EXTENSION VOTES
APTM – ALPHA PARTNERS TECHNOLOGY MERGER CORP * extend from July 30, 2024 to Jan 30, 2025
CSTAF – CONSTELLATION ACQUISITION CORP I * 12 monthly extensions to Jan 29, 2025
ONYX – ONYX ACQUISITION CO I * extend February 7, 2024 to November 5, 2024
MERGER VOTES
SEPA + SANUWAVE Health, Inc.
OTHER SPAC NEWS
SZZL – SIZZLE ACQUISITION CORP * Deal vote delayed to Feb 6
JWSM – JAWS MUSTANG ACQUISITION CORP * Extension vote adjourned
PUCK – GOAL ACQUISITIONS CORP * Extension Vote Set: Feb 07, 2024 * trust $10.75
CVII – CHURCHILL CAPITAL CORP VII * New investor deck
XFIN – EXCELFIN ACQUISITION CORP * New investor deck
THIS WEEK’S EXTENSION VOTES
APTM – ALPHA PARTNERS TECHNOLOGY MERGER CORP * extend from July 30, 2024 to Jan 30, 2025
ARRW – ARROWROOT ACQUISITION CORP * extend to Aug 7, 2024
BLUA – BLUERIVER ACQUISITION CORP * extend to 3 monthly options to May 2, 2024
CETU – CETUS CAPITAL ACQUISITION CORP * 6 monthly options to Aug 3, 2024
CSTAF – CONSTELLATION ACQUISITION CORP I * 12 monthly extensions to Jan 29, 2025
JWSM – JAWS MUSTANG ACQUISITION CORP * extend to Feb 4, 2025
KRNL – KERNEL GROUP HOLDINGS INC * extend 6 monthly options to Aug 5, 2024
MARX – MARS ACQUISITION CORP * extend to Nov 16, 2024
NFYS – ENPHYS ACQUISITION CORP * extend to June 8, 2024
NRAC – NORTHERN REVIVAL ACQUISITION CORP * vote Jan 30, 2024 -> extend to Aug 4, 2024
ONYX – ONYX ACQUISITION CO I * extend February 7, 2024 to November 5, 2024
YESTERDAY’S TOP SPAC GAINERS
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
9.91% ~ $ 11.53 | CETU – Cetus Capital Acquisition Corp. (Announced)
9.37% ~ $ 38.18 | DWAC – Digital World Acquisition Corp. (Announced)
6.64% ~ $ 5.30 | DECA – Denali Capital Acquisition Corp. (Announced)
2.29% ~ $ 11.59 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
YESTERDAY’S TOP SPAC LOSERS
-31.40% ~ $ 7.58 | LGST – Semper Paratus Acquisition Corp (Announced)
-17.83% ~ $ 7.69 | DMAQ – Deep Medicine Acquisition Corp. (Announced)
-13.95% ~ $ 9.50 | SZZL – Sizzle Acquisition Corp. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-8.44% ~ $ 8.24 | NUBI – Nubia Brand International Corp. (Announced)
ICYMI: SEC APPROVES FINAL RULES
For most, the SPAC boom is long-dead and was unlikely to ever return to the levels of irrational exuberance seen during peak times. Still, the SEC has long wanted to layer on additional regulation to ensure that it doesn’t happen. On Jan 24 the SEC commission, chaired by Gary Gensler, voted 3-2 to adopt the new rules which will make SPACs feel a lot more like traditional IPOs. For more on the new rules and the market’s reaction, below are some good reads.