Daily SPAC Update – Jan 30, 2024

Daily SPAC Update for Jan 30, 2024. MARX and NRAC extensions. MBTC + Cognos Deal Vote. PGSS revises deal valuation. NVAC deal deck.

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Daily SPAC Update

EXTENSION VOTES
MARX – MARS ACQUISITION CORP * extend to Nov 16, 2024
NRAC – NORTHERN REVIVAL ACQUISITION CORP * extend to Aug 4, 2024

MERGER VOTES
MBTC + Cognos Therapeutics Inc

SPAC VOTES SET
WNNR – ANDRETTI ACQUISITION CORP * Deal Vote Set w/ Zapata AI: Feb 13, 2024 * trust $10.93
SLAC – SOCIAL LEVERAGE ACQUISITION CORP I * Extension Vote Set: Feb 13, 2024 * trust $10.52
QFTA – QUANTUM FINTECH ACQUISITION CORP * Extension Vote Set: Feb 08, 2024 * trust $10.88
IFIN – INFINT ACQUISITION CORP * Extension Vote Set: Feb 16, 2024 * trust $11.34

OTHER SPAC NEWS
NVAC – NORTHVIEW ACQUISITION CORP * Released updated investor deck
PGSS – Deal valuation revised down from $640 to $504M

YESTERDAY’S TOP SPAC GAINERS
18.40% ~ $ 5.02 | ATAK – Aurora Technology Acquisition Corp. (Announced)
16.11% ~ $ 11.03 | SZZL – Sizzle Acquisition Corp. (Announced)
14.68% ~ $ 9.45 | NUBI – Nubia Brand International Corp. (Announced)
10.50% ~ $ 10.00 | SEPA – SEP ACQUISITION CORP (Announced)
6.81% ~ $ 11.29 | TWLV – Twelve Seas Investment Company II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-26.78% ~ $ 5.55 | LGST – Semper Paratus Acquisition Corp (Announced)
-9.03% ~ $ 10.49 | CETU – Cetus Capital Acquisition Corp. (Announced)
-8.68% ~ $ 4.84 | DECA – Denali Capital Acquisition Corp. (Announced)
-8.63% ~ $ 11.75 | OTEC – OceanTech Acquisitions I Corp. (Announced)
-5.99% ~ $ 16.94 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)

 

ICYMI: SEC APPROVES SPAC 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.

Recent Analysis

2026 Proxy Season Scorecard: Six Say-on-Pay Failures, AI Lands on Mega-Cap Ballots, and the Anti-ESG Pile-Up

Through May 21, 2026, U.S. public-company shareholders rejected six annual-meeting Say-on-Pay packages outright, voted against 18 directors at 14 companies, and crushed dozens of mega-cap shareholder proposals at sub-3% support. Plus: AI proposals filed at Alphabet, Meta, Walmart, and IBM; the split verdict on special-meeting rights; the activist-vote scorecard from four 2026 director-slate contests.

Weekly Recap: MO, OHI, WEN Rewire the C-Suite — May 22, 2026

Succession moved from emergency cleanup to portfolio rotation this week, with 24 CEO changes and 21 CFO changes across the tracked C-suite. Altria paired a CEO handoff with a CFO change, Omega Healthcare reset three senior finance and operating seats, and Wendy’s went back to the CEO market for the third time in three years.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

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