Daily SPAC Update – January 16, 2025

LATG DeSPACs to Femco Steel Technology (KBSX). Plum Acquisition III Extension Vote. RRAC and EVGR Extension Votes Set. NOEM Separate Trading on Jan 16.

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Daily SPAC Update

DeSPACs
Jan 16: LATG DeSPAC to Femco Steel Technology Co., Ltd (KBSX)

SPAC DEAL & EXTENSION VOTES SET
RRAC – Rigel Resource Acquisition Corp * DEAL VOTE SET: Feb 04, 2025 * trust $11.52
EVGR – Evergreen Corp * EXTENSION VOTE SET: Jan 28, 2025 * trust $11.95

EXTENSION VOTES
PLMJ – PLUM ACQUISITION CORP III * vote January 16, 2025 -> extend from January 30, 2025 to July 30, 2025

SEPARATE WARRANTS/RIGHTS
NOEM on Jan 16

NEW SPAC IPOs
Jan 14: PLMK – Plum Acquisition Corp, Iv $150M IPO
Jan 14: RIBB – Ribbon Acquisition Corp. $50M IPO

YESTERDAY’S TOP SPAC GAINERS
40.00% ~ $ 11.90 | LATG – CHENGHE ACQUISITION I CO (DeSPAC)
4.03% ~ $ 11.62 | PLMJ – PLUM ACQUISITION CORP III (Pre-Deal)
2.98% ~ $ 12.10 | CSLM – CSLM ACQUISITION CORP (Announced)
1.51% ~ $ 11.99 | WAVS – WESTERN ACQUISITION VENTURES CORP (Announced)
1.46% ~ $ 11.80 | MSSA – METAL SKY STAR ACQUISITION CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-6.91% ~ $ 11.92 | BRAC – BROAD CAPITAL ACQUISITION CORP (Announced)
-3.07% ~ $ 11.37 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
-2.53% ~ $ 11.96 | AIMAU – AIMFINITY INVESTMENT CORP I (Announced)
-2.01% ~ $ 12.00 | WINV – WINVEST ACQUISITION CORP (Announced)
-1.67% ~ $ 12.33 | KACL – KAIROUS ACQUISITION CORP LTD (Announced)

LATEST SPAC IPO PERFORMANCE
Jan 14 | $ 10.01 | RIBB – Ribbon Acquisition Corp.
Jan 14 | $ 10.04 | PLMK – Plum Acquisition Corp, IV
Jan 07 | $ 10.05 | CEPO – Cantor Equity Partners I, Inc.
Dec 23 | $ 10.01 | TDAC – Translational Development Acquisition Corp.
Dec 19 | $ 10.10 | RANG – Range Capital Acquisition Corp.

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