Daily SPAC Update – January 16, 2025

by | Jan 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.

Recent Analysis

Daily SPAC Update – February 12, 2025

Nabors Energy Transition II (NETD) Deal Announced with e2Companies. Atherium (GMFI) Extension Vote. Global Star (GLST) Fixes Trust Mistake. FTAC Emerald (FLDD) Deal Vote Delayed to Feb 13.

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