Daily SPAC Update – June 5, 2024

by | Jun 5, 2024

Swiftmerge IVCP + AleAnna Energy Announced. INAQ & NFYS Extension Votes. OTEC / Regentis Biomaterials Deal Terminated; OTEC Liquidates. TWLV, WINV, CNDA Extend. PLMI Deal Approved.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
IVCP – Swiftmerge Acquisition Corp * + AleAnna Energy, LLC

SPAC DEAL TERMINATIONS
OTEC + Regentis Biomaterials Ltd

EXTENSION VOTES
INAQ – INSIGHT ACQUISITION CORP * vote June 6, 2024 -> extend from June 7, 2024 to December 7, 2024
NFYS – ENPHYS ACQUISITION CORP * vote June 5, 2024 -> extend to December 8, 2024

SPAC VOTE RESULTS
TWLV – TWELVE SEAS INVESTMENT CO II * Extend to Dec 02, 2024 * 557,090 redeemed
WINV – WINVEST ACQUISITION CORP * Extend to Dec 17, 2024 * 650,790 redeemed * trust $11.32
CNDA – CONCORD ACQUISITION CORP II * Extend to Mar 03, 2025 * 12,498,716 redeemed * trust $10.61
PLMI – PLUM ACQUISITION CORP I * Deal Approved * no redemption details

OTHER SPAC NEWS
OTEC – OCEANTECH ACQUISITIONS I CORP * liquidation * trust $11.38
SEPA – SEP ACQUISITION CORP * Withdrew NASDAQ listing application; attempting Cboe BZX Exchange

YESTERDAY’S TOP SPAC GAINERS
21.16% ~ $ 21.01 | DHAC – Digital Health Acquisition Corp. (Announced)
14.21% ~ $ 25.00 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
11.76% ~ $ 11.50 | PLMI – Plum Acquisition Corp. I (Announced)
9.95% ~ $ 6.41 | RWOD – Redwoods Acquisition Corp. (Announced)
8.69% ~ $ 15.08 | PTWO – Pono Capital Two, Inc. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.52% ~ $ 9.50 | BITE – Bite Acquisition Corp. (Announced)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-6.12% ~ $ 11.04 | ROCL – Roth CH Acquisition V Co. (Announced)
-5.12% ~ $ 6.28 | PLTN – Plutonian Acquisition Corp. (Announced)
-5.07% ~ $ 10.30 | PUCK – Goal Acquisitions Corp. (Announced)

Recent Analysis

Weekly Boardroom & Executive Moves: May 1, 2026

This week, significant leadership changes occurred across several companies facing financial difficulties. Abbott Laboratories (ABT) and Agilon Health Inc (AGL) appointed new board members and executives amidst high activist risks and declining TSRs. Accuray Inc (ARAY) and ALT5 Sigma Corp (ALTS) also saw key executive departures and appointments as they navigate substantial TSR declines. These shifts highlight the ongoing challenges and strategic redirections needed to stabilize operations and improve shareholder value.

Daily SPAC Update – May 1, 2026

Two SPAC IPOs launched today, raising a total of $500 million. CH4 Natural Solutions Acquisition Corp (MTNE) secured $300 million, while Quantum Leap Acquisition Corp (QLEP) raised $200 million. Today, 2 SPAC IPOs raised $500M, led by CH4 Natural Solutions (MTNE) at $300M. This follows a surge of activity at the end of April.

Daily SPAC Update – April 30, 2026

Today, six SPACs debuted, raising a total of $965 million. General Catalyst Global Resilience Merger Corp (GCGR) led the pack with $350 million, followed by RRE Ventures Acquisition Corp. (RREV) at $250 million. Month-to-date, SPAC IPOs total 16, bringing in $2.65 billion, compared to 11 IPOs last month that raised $1.72 billion.

Daily SPAC Update – April 29, 2026

Collective Acquisition Corp. II (CAII) launched its $220 million IPO today, targeting high-potential sectors like technology and healthcare. In executive moves, Roger Bendelac was appointed CEO of both Drugs Made in America Acquisition Corp (DMAA) and Drugs Made in America Acquisition II Corp (DMII), with Saleem Elmasri as CFO. Meanwhile, General Purpose Acquisition Corp (GPAC) saw a significant decline of 22.9%, closing at $9.96, while Aimei Health Technology Co Ltd (AFJK) gained 2.7% to $46.12.

Daily SPAC Update – April 28, 2026

SPAC IPOs Look Stalled Again as Irenic’s $220M IPO Only Makes it Seven. Miluna Acquisition + CADV.AI Deal. Prophyte Extension Vote to Add 12 More Months.

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