Daily SPAC Update – July 2, 2024

by | Jul 2, 2024

BUJA Extension Approved. WAVS Extension Vote. BHAC and AVHI Set Extension Votes. BWAQ DeSPACs to TOYO. RFAI Separate Trading. BWAQ PIPE Amendment.

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Daily SPAC Update

SPAC VOTE RESULTS
BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD * Extend to Jun 30, 2025

EXTENSION VOTES
WAVS – WESTERN ACQUISITION VENTURES CORP * vote July 2, 2024 -> extend to October 2024

SPAC DEAL & EXTENSION VOTES SET
BHAC – Focus Impact Bh3 Acquisition Co * EXTENSION VOTE SET: Jul 23, 2024 * trust $10.89
AVHI – Achari Ventures Holdings Corp I * EXTENSION VOTE SET: Jul 16, 2024 * trust $11.46

DeSPACs
BWAQ -> TOYO on Jul 02
BITE -> ABVE on Jul 01

SEPARATE WARRANTS/RIGHTS
RFAI on Jul 05

OTHER SPAC NEWS
AITR – AI TRANSPORTATION ACQUISITION CORP * Merger Agreement
AOGO – AROGO CAPITAL ACQUISITION CORP * Merger Agreement
GODN – GOLDEN STAR ACQUISITION CORP * Merger Agreement Amendment
OAKU – OAK WOODS ACQUISITION CORP * Merger Agreement Amendment
DSAQ – DIRECT SELLING ACQUISITION CORP * Merger Agreement Amendment
BWAQ – BLUE WORLD ACQUISITION CORP * PIPE Amendment
TGAA – TARGET GLOBAL ACQUISITION I CORP * Vote Postponed
GODN – GOLDEN STAR ACQUISITION CORP * Vote Postponed

SPAC LATE 10-K FILINGS
AERT – Aeries Technology Inc : Late 10-K
CMCAF – Capitalworks Emerging Markets Acquisition Corp : Late 10-K

YESTERDAY’S TOP SPAC GAINERS
10.43% ~ $ 6.35 | CHAA – Catcha Investment Corp (Announced)
7.11% ~ $ 13.40 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
3.96% ~ $ 11.80 | TGAA – Target Global Acquisition I Corp. (Pre-Deal)
2.97% ~ $ 11.80 | ACAB – Atlantic Coastal Acquisition Corp. II (Announced)
2.14% ~ $ 11.95 | WINV – WinVest Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-6.72% ~ $ 10.97 | GPAC – Global Partner Acquisition Corp II (Announced)
-4.76% ~ $ 10.00 | PLMI – Plum Acquisition Corp. I (Announced)
-3.83% ~ $ 11.30 | PPYA – Papaya Growth Opportunity Corp. I (Pre-Deal)
-3.66% ~ $ 11.32 | MACA – Moringa Acquisition Corp (Announced)
-1.76% ~ $ 11.15 | GLLI – Globalink Investment Inc. (Announced)

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

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