Daily SPAC Update – January 3, 2025

by | Jan 3, 2025

SUAC and AOGO SPAC Extensions Approved. Cartica (CITE) Acquisition Extension Vote. Chenghe Acquisition (LATG) Updates Trust & Forward Share Purchase Agreement.

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Daily SPAC Update

SPAC VOTE RESULTS
SUAC – SHOULDERUP TECHNOLOGY ACQUISITION CORP * Extend * 1,080 redeemed * trust $10.94
AOGO – AROGO CAPITAL ACQUISITION CORP * Extend to Jun 29, 2026 * 1,758,014 redeemed * trust $11.53

SPAC DEALS ANNOUNCED
Dec 31 | ASPCU – Aspac Iii Acquisition Corp * + HDEducation Group Limited

EXTENSION VOTES
CITE – CARTICA ACQUISITION CORP * extend from January 7, 2025 to October 7, 2025

DeSPACs
Jan 02: MITA DeSPAC to Rain Enhancement Technologies (RAIN)

OTHER SPAC NEWS
LATG – CHENGHE ACQUISITION I CO * Trust Update * trust $11.79
LATG – CHENGHE ACQUISITION I CO * Forward Share Purchase Agreement
CITE – CARTICA ACQUISITION CORP * Merger Agreement Amendment
PHYTF – PYROPHYTE ACQUISITION CORP * Merger Agreement Amendment

SEPARATE WARRANTS/RIGHTS
ASPC on Jan 03

YESTERDAY’S TOP SPAC GAINERS
7.74% ~ $ 12.37 | IPXX – Inflection Point Acquisition Corp. II (Announced)
4.67% ~ $ 10.99 | HLXB – Helix Acquisition Corp. II (Pre-Deal)
4.53% ~ $ 12.69 | MSSA – Metal Sky Acquisition Corp (Pre-Deal)
2.14% ~ $ 11.00 | ESHA – ESH Acquisition Corp. (Pre-Deal)
1.97% ~ $ 9.82 | LATG – LatAmGrowth SPAC (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.92% ~ $ 10.81 | GLLI – Globalink Investment Inc. (Announced)
-7.35% ~ $ 11.34 | FTII – Future Tech II Acquisition Corp. (Announced)
-6.30% ~ $ 10.86 | HAIA – Healthcare AI Acquisition Corp. (Announced)
-2.13% ~ $ 11.50 | IGTA – Inception Growth Acquisition Ltd (Announced)
-1.67% ~ $ 12.33 | KACL – Kairous Acquisition Corp. Ltd (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 23 | $ 10.01 | TDAC – Translational Development Acquisition Corp.
Dec 19 | $ 10.05 | RANG – Range Capital Acquisition Corp.
Dec 12 | $ 9.96 | DRDB – Roman DBDR Acquisition Corp. II
Dec 12 | $ 10.03 | MLAC – Mountain Lake Acquisition Corp.
Dec 10 | $ 10.05 | JACS – Jackson Acquisition Co II
Dec 04 | $ 10.02 | SPHA – Shepherd Ave Capital Acquisition Corp
Dec 04 | $ 10.02 | TAVI – Tavia Acquisition Corp.

 

Recent Analysis

Daily SPAC Update – January 15, 2025

$150M Plum Acquisition IV and $50M Ribbon Acquisition SPAC IPOs. Aimfinity (AIMAU) and Quetta (QETA) Extensions Approved. Bowen (BOWN) + Qianzhi BioTech Deal Approved. 

Daily SPAC Update – January 14, 2025

Cohen Circle (CCIR) LOI with Ukranian Firm. BRKH DeSPACs to Blaize (BZAI). PPYA Extension Vote. Aimfinity Extends to Oct 2025. Bowen Acquisition (BOWN) Forward Purchase Agreement. 

Daily SPAC Update – January 9, 2025

FutureTech II (FTII) Trust Overpayments Continue. Aimfinity Investment (AIMAU) Sets Extension Vote. Western Acquisition (WAVS) Extension Approved. Global Star (GLST) Deal Vote Set. RANG/RANGU Separate Trading on Jan 13.

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