Daily SPAC Update – June 13, 2024

by | Jun 13, 2024

Catcha Investment (CHAA) + Crown LNG Approved. DHAC + VSee Labs Deal Approved. SEDA Investor Deck. Feutune Light (FLFV) Updates Trust & Redemptions.

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Daily SPAC Update

SPAC VOTE RESULTS
CHAA + Crown Deal Approved
DHAC – DIGITAL HEALTH ACQUISITION CORP * Deal Approved * No Redemptions

OTHER SPAC NEWS
SEDA – SDCL EDGE ACQUISITION CORP * Investor Deck
FLFV – FEUTUNE LIGHT ACQUISITION CORP * Trust and redemptions update * 2,533,295 redeemed * trust $11.09

SPAC DEAL & EXTENSION VOTES SET
CETU – Cetus Capital Acquisition Corp * DEAL VOTE SET: Jul 09, 2024 * trust $10.79

YESTERDAY’S TOP SPAC GAINERS
7.44% ~ $ 6.50 | RWOD – Redwoods Acquisition Corp. (Announced)
6.05% ~ $ 11.40 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
3.77% ~ $ 13.49 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
1.90% ~ $ 11.26 | PRLH – Pearl Holdings Acquisition Corp (Pre-Deal)
1.48% ~ $ 13.70 | PTWO – Pono Capital Two, Inc. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-16.44% ~ $ 9.30 | BITE – Bite Acquisition Corp. (Announced)
-13.69% ~ $ 8.19 | BWAQ – Blue World Acquisition Corp (Announced)
-7.89% ~ $ 14.00 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.87% ~ $ 11.70 | HHGC – HHG Capital Corporation (Announced)

 

Recent Analysis

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

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.

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