Daily SPAC Update – July 11, 2024

by | Jul 11, 2024

KRNL and AACI Deal Votes Set. TGAA, DECA Extensions Approved. CETU Deal Approved. Non-Redemption Agreements for PEGR and CDAQ. VCXB Delays Vote to July 12.

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Daily SPAC Update

SPAC DEAL & EXTENSION VOTES SET
KRNL – Kernel Group Holdings Inc * DEAL VOTE SET: Jul 31, 2024 * trust $10.80
AACI – Armada Acquisition Corp I * DEAL VOTE SET: Jul 30, 2024 * trust $11.36

SPAC VOTE RESULTS
TGAA – TARGET GLOBAL ACQUISITION I CORP * Extend to Jun 09, 2025 * 2,153,204 redeemed * trust $11.42
DECA – DENALI CAPITAL ACQUISITION CORP * Extend * 3,785,992 redeemed * trust $11.47
CETU – CETUS CAPITAL ACQUISITION CORP * Deal Approved * 2,029,934 redeemed * trust $10.77

OTHER SPAC NEWS
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Trust Update * trust $10.97
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Non-Redemption Agreement
CDAQ – COMPASS DIGITAL ACQUISITION CORP * Non-Redemption Agreement
VCXB – 10X CAPITAL VENTURE ACQUISITION CORP III * Vote Postponed to July 12

DeSPACs
CHAA -> CGBS on Jul 10

SPAC IPO
Jul 10: SIMA – Sim Acquisition Corp. I $200M IPO

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-07-04: COOL + Noventiq
2024-07-02: SEDA + cunova GmbH

YESTERDAY’S TOP SPAC GAINERS
8.31% ~ $ 11.86 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
7.77% ~ $ 10.40 | SEPA – SEP ACQUISITION CORP (Pre-Deal)
1.46% ~ $ 13.90 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)
1.23% ~ $ 11.49 | AFAR – Aura Fat Projects Acquisition Corp (Announced)
1.08% ~ $ 16.83 | ADRT – Ault Disruptive Technologies Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.45% ~ $ 6.51 | CETU – Cetus Capital Acquisition Corp. (Announced)
-9.04% ~ $ 8.25 | MCAC – Monterey Capital Acquisition Corp (Announced)
-1.32% ~ $ 10.43 | CNGL – Canna-Global Acquisition Corp (Pre-Deal)
-1.32% ~ $ 9.75 | PLMI – Plum Acquisition Corp. I (Announced)
-1.14% ~ $ 11.10 | COOL – Corner Growth Acquisition Corp. (Pre-Deal)

Recent Analysis

Daily SPAC Update – July 17, 2024

ZLS – Zalatoris II Updates Trust Ahead of Vote. AFAR Extension Approved w/ 2.7M Redemptions. AVHI – Achari Ventures Extends. MACI Separate Trading Today. Ocean Capital Withdraws Registration.

Daily SPAC Update – July 12, 2024

LPAA Launch One Acquisition $200M IPO. ALSA Extension Vote. VCXB Liquidation. QETA LOI Triggers Auto-Extension. MCAC Deal Approved w/ 3.7M Redemptions.

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