Daily SPAC Update – July 25, 2024

by | Jul 25, 2024

DTSQ $60M SPAC IPO. CVII Deal Vote. ASCB, CDAQ, XFIN Extensions Approved. YOTA Sets Extension Vote. AEI CapForce II Withdraws Registration. NFYS Trading Suspended; Moves to OTC

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Daily SPAC Update

SPAC IPO
Jul 24: DTSQ – Dt Cloud Star Acquisition Corp $60M IPO – trades July 25

MERGER VOTES
CVII + CorpAcq

SPAC VOTE RESULTS
ASCB – ASPAC II ACQUISITION CORP * Extend to Aug 05, 2025 * 1,608,417 redeemed
CDAQ – COMPASS DIGITAL ACQUISITION CORP * Extend to Dec 19, 2024 * 2,713,143 redeemed * trust $10.92
XFIN – EXCELFIN ACQUISITION CORP * Extend to Dec 25, 2024 * 705,330 redeemed

SPAC DEALS ANNOUNCED
Jul 24 | EMLD – Ftac Emerald Acquisition Corp * + Fold, Inc.
Jul 23 | TBMC – Trailblazer Merger Corp I * + Cyabra Strategy Ltd.

SPAC DEAL & EXTENSION VOTES SET
YOTA – Yotta Acquisition Corp * EXTENSION VOTE SET: Aug 16, 2024 * trust $11.22

OTHER SPAC NEWS
AEI CapForce II Investment Corp * Registration Withdrawn
NFYS – ENPHYS ACQUISITION CORP * Suspended Trading

YESTERDAY’S TOP SPAC GAINERS
23.33% ~ $ 11.47 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
3.19% ~ $ 9.70 | PLMI – Plum Acquisition Corp. I (Announced)
2.19% ~ $ 10.99 | EMLD – FTAC Emerald Acquisition Corp. (Announced)
1.87% ~ $ 12.53 | CLOE – Clover Leaf Capital Corp. (Announced)
1.58% ~ $ 10.92 | BLEU – bleuacacia ltd (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.47% ~ $ 12.01 | PTWO – Pono Capital Two, Inc. (Announced)
-9.94% ~ $ 16.21 | ADRT – Ault Disruptive Technologies Corp (Announced)
-9.28% ~ $ 6.94 | CETU – Cetus Capital Acquisition Corp. (Announced)
-6.08% ~ $ 11.73 | TRON – Corner Growth Acquisition Corp. 2 (Pre-Deal)
-4.06% ~ $ 11.10 | ARYD – ARYA Sciences Acquisition Corp IV (Announced)

 

Recent Analysis

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

Impactive Capital Secures Full Three-Seat Slate at WEX

Impactive Capital has reached a cooperation agreement with WEX Inc., securing all three board seats it sought. The agreement follows a proxy contest and addresses WEX’s underperformance, trailing the S&P 500 by 24 points on a three-year CAGR basis.

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

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