Daily SPAC Update – June 24, 2024

by | Jun 24, 2024

PLMI and FORL Extensions Approved. AFAR Extension Vote. ADRT Deal with Gresham Worldwide. COOL Extension Vote Today. RWOD and FLFV DeSPAC.

Boardroom Alpha SPAC Resources
Full SPAC Listing
SPAC SEC Filings
Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

SPAC VOTE RESULTS
PLMI – PLUM ACQUISITION CORP I * Extend to Sep 14, 2024
FORL – FOUR LEAF ACQUISITION CORP * Extend to Jun 22, 2025 * 2,752,307 redeemed
FLFV – FEUTUNE LIGHT ACQUISITION CORP * Deal Approved * 1,355,132 redeemed

SPAC DEAL & EXTENSION VOTES SET
AFAR – Aura Fat Projects Acquisition Corp * EXTENSION VOTE SET: Jul 10, 2024 * trust $11.30

SPAC DEALS ANNOUNCED
ADRT – Ault Disruptive Technologies Corp + Gresham Worldwide, Inc.

EXTENSION VOTES
COOL – CORNER GROWTH ACQUISITION CORP * vote June 24, 2024 -> extend from June 31, 2024 to October 31, 2024

DeSPACs
RWOD -> WENA on Jun 24
FLFV -> AIEV on Jun 24

SPAC DEAL TERMINATIONS
VCXB + Addimmune

OTHER SPAC NEWS
GPAC – GLOBAL PARTNER ACQUISITION CORP II * Merger Agreement Amendment
IGTA – INCEPTION GROWTH ACQUISITION LTD * Merger Agreement Amendment
EVE – EVE MOBILITY ACQUISITION CORP * Non-Binding LOI
TLGY – TLGY ACQUISITION CORP * New Sponsor
BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD * Vote Postponed
COOL – CORNER GROWTH ACQUISITION CORP * Vote Postponed

YESTERDAY’S TOP SPAC GAINERS
2.01% ~ $ 11.65 | PLAO – Patria Acquisition Corp. (Pre-Deal)
2.00% ~ $ 8.16 | DECA – Denali Capital Acquisition Corp. (Announced)
1.44% ~ $ 11.28 | HAIA – Healthcare AI Acquisition Corp. (Pre-Deal)
1.34% ~ $ 11.35 | SWSS – Springwater Special Situations Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-14.62% ~ $ 9.81 | CHAA – Catcha Investment Corp (Announced)
-6.35% ~ $ 7.82 | BWAQ – Blue World Acquisition Corp (Announced)
-3.77% ~ $ 11.75 | MACA – Moringa Acquisition Corp (Announced)
-3.64% ~ $ 10.86 | CNGL – Canna-Global Acquisition Corp (Pre-Deal)
-3.50% ~ $ 11.58 | IRAA – Tribe Capital Growth Corp I (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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.