Daily SPAC Update – June 19, 2024

by | Jun 19, 2024

FNVT Reduces Deal Valuation from $1B to $800M. GPAC Delays Deal Vote Again; Now June 27. HCVI Posts Merger Agreement.

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OTHER SPAC NEWS
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Merger Agreement
FNVT – FINNOVATE ACQUISITION CORP * Merger Agreement Amendment * Reduced deal valuation from $1B to $800M
GPAC – GLOBAL PARTNER ACQUISITION CORP II * Vote Postponed to June 27

SPAC DEAL & EXTENSION VOTES SET
PFTA – Perception Capital Corp Iii * EXTENSION VOTE SET: Jun 28, 2024 * trust $10.86

SPAC IPOs
Jun 18: MACI – Melar Acquisition Corp. I/Cayman $150M IPO
Jun 18: CUBW – Lionheart Holdings $200M IPO
Jun 18: FSHP – Flag Ship Acquisition Corp $60M IPO

YESTERDAY’S TOP SPAC GAINERS
8.14% ~ $ 11.95 | IRAA – Tribe Capital Growth Corp I (Announced)
3.10% ~ $ 5.98 | RWOD – Redwoods Acquisition Corp. (Announced)
2.79% ~ $ 13.63 | PTWO – Pono Capital Two, Inc. (Announced)
2.03% ~ $ 9.57 | BITE – Bite Acquisition Corp. (Announced)
1.78% ~ $ 11.46 | PWUP – PowerUp Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.80% ~ $ 8.42 | BWAQ – Blue World Acquisition Corp (Announced)
-10.56% ~ $ 12.79 | DHAC – Digital Health Acquisition Corp. (Announced)
-10.54% ~ $ 17.31 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-5.07% ~ $ 10.30 | PUCK – Goal Acquisitions Corp. (Announced)
-4.55% ~ $ 7.76 | FLFV – Feutune Light Acquisition Corp (Announced)

 

Recent Analysis

Daily SPAC Update – December 10, 2024

Jackson Acquisition II $200M IPO (Jackson I Liquidated). APXI Shareholders Approve Extension w/ 5M Redemptions. HCVI Merger Amendment. SLAMF Vote Adjourned and IVCB Vote Postponed. 

Daily SPAC Update – December 9, 2024

TCHP + Coincheck Deal Approved. GLLI, INAQ, ESHA Shareholders Approve Extensions. DP Cap Acquisition  (DPCS) Dismisses Accountant. SLAM and BRKH Extension Votes.

Daily SPAC Update – December 4, 2024

Global Star (GLST) Extension Approved. APXI Extension Vote Today. ATMC Updates Trust Numbers. LATG Deal Vote Set for Dec 23. ATMV, SHAP, TRON, INAQ Set Extension Votes.

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