Daily SPAC Update – June 14, 2024

by | Jun 14, 2024

PLMI Extension Vote. TETE Extends. COOL Sets Extension Vote. GPAC Investor Deck. BAYA, RCFA, GAMC Merger Agreements. COOL, RWOD, FLFV Update Trust Values.

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Daily SPAC Update

EXTENSION VOTES
PLMI – PLUM ACQUISITION CORP I * vote June 14, 2024 -> extend from June 18, 2024 to September 14, 2024

SPAC VOTE RESULTS
TETE – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP * Extend to Jan 20, 2025 * 408,469 redeemed

SPAC DEAL & EXTENSION VOTES SET
COOL – Corner Growth Acquisition Corp * EXTENSION VOTE SET: Jun 24, 2024 * trust $14.06

SPAC IPO
Jun 12: PCSC – Perceptive Capital Solutions Corp $75M IPO

OTHER SPAC NEWS
GPAC – GLOBAL PARTNER ACQUISITION CORP II * Investor Deck
BAYA – BAYVIEW ACQUISITION CORP * Merger Agreement
RCFA – RCF ACQUISITION CORP * Merger Agreement Amendment
GAMC – GOLDEN ARROW MERGER CORP * Merger Agreement Amendment
COOL – CORNER GROWTH ACQUISITION CORP * SPAC Corrected Trust for Proxy * trust $11.04
RWOD – REDWOODS ACQUISITION CORP * Trust Update * 1,589,776 redeemed * trust $10.80
FLFV – FEUTUNE LIGHT ACQUISITION CORP * Trust Update * 2,533,295 redeemed * trust $11.09

YESTERDAY’S TOP SPAC GAINERS
15.25% ~ $ 9.44 | BWAQ – Blue World Acquisition Corp (Announced)
2.26% ~ $ 11.99 | CHAA – Catcha Investment Corp (Announced)
2.06% ~ $ 11.39 | GLST – Global Star Acquisition Inc. (Announced)
1.63% ~ $ 11.20 | PPYA – Papaya Growth Opportunity Corp. I (Pre-Deal)
1.45% ~ $ 10.47 | AFJK – Aimei Health Technology Co., Ltd. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-12.43% ~ $ 6.13 | DECA – Denali Capital Acquisition Corp. (Announced)
-9.93% ~ $ 12.15 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
-8.58% ~ $ 21.10 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-7.75% ~ $ 10.24 | FLFV – Feutune Light Acquisition Corp (Announced)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)

 

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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