Daily SPAC Update – July 12, 2024

by | Jul 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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Daily SPAC Update

SPAC IPO
Jul 12: LPAA – Launch One Acquisition Corp. $200M IPO
Jul 10: SIMA – Sim Acquisition Corp. I $200M IPO

EXTENSION VOTES
ALSA – ALPHA STAR ACQUISITION CORP * vote July 12, 2024 -> extend to Dec 15 2024

OTHER SPAC NEWS
VCXB – 10X CAPITAL VENTURE ACQUISITION CORP III * Liquidation-> 2024-07-12 * trust $11.13
HUDA – HUDSON ACQUISITION I CORP * Extend to Oct 18, 2025
TGAA – TARGET GLOBAL ACQUISITION I CORP * Extend to Jun 09, 2025 * 2,153,204 redeemed * trust $11.42
QETA – QUETTA ACQUISITION CORP * Letter of Intent Auto Extension to Jan 11, 2025
MCAC – MONTEREY CAPITAL ACQUISITION CORP * Deal Approved * 3,665,639 redeemed
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Non-Redemption Agreement
PEGR – PROJECT ENERGY REIMAGINED ACQUISITION CORP * Trust Update * trust $10.97
CDAQ – COMPASS DIGITAL ACQUISITION CORP * Vote Postponed to July 18

SEPARATE WARRANTS/RIGHTS
MACI on Jul 17

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

YESTERDAY’S TOP SPAC GAINERS
6.22% ~ $ 12.30 | ALSA – Alpha Star Acquisition Corp (Pre-Deal)
1.08% ~ $ 11.27 | GLLI – Globalink Investment Inc. (Announced)
.92% ~ $ 11.00 | CDAQ – Compass Digital Acquisition Corp. (Pre-Deal)
.56% ~ $ 10.86 | MARX – Mars Acquisition Corp. (Announced)
.52% ~ $ 11.66 | WEL – Integrated Wellness Acquisition Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.03% ~ $ 7.01 | MCAC – Monterey Capital Acquisition Corp (Announced)
-6.83% ~ $ 11.05 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
-4.30% ~ $ 6.23 | CETU – Cetus Capital Acquisition Corp. (Announced)
-1.32% ~ $ 10.43 | CNGL – Canna-Global Acquisition Corp (Pre-Deal)
-1.31% ~ $ 11.30 | TGAA – Target Global Acquisition I Corp. (Pre-Deal)

Recent Analysis

Daily SPAC Update – March 25, 2025

Newbury Street and DT Cloud Extend with $5.7M and $20M in Redemptions. Compass Digital Extension Vote Set. Concord Gets New Auditor. Winvest Delisting.

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