Daily SPAC Update – June 7, 2024

by | Jun 7, 2024

CHEB/U $75M IPO. PLTN / DSY Big Tree Cloud DeSPAC. TENK Fixes Incorrect Redemption Payments. DHAC + VSee Health Deal Vote. TETE Extension Vote. INQA, VMCA Extend.

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Daily SPAC Update

SPAC IPO
Jun 07: CHEB – Chenghe Acquisition II Co. $75M IPO

DeSPACs
PLTN to DSY (Big Tree Cloud) * on Jun 07

MERGER VOTES
DHAC + VSee Health

EXTENSION VOTES
TETE – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP * vote June 7, 2024 -> extend monthly from May 20, 2024 to January 20, 2025

SPAC VOTE RESULTS
INAQ – INSIGHT ACQUISITION CORP * Extend to Dec 2024 * 481,865 redeemed
VMCA – VALUENCE MERGER CORP I * Extend to August 2024 * 4,343,316 redeemed

SPAC DEAL & EXTENSION VOTES SET
FORL – Four Leaf Acquisition Corp * EXTENSION VOTE SET: Jun 18, 2024 * trust $10.92
SEDA – Sdcl Edge Acquisition Corp * EXTENSION VOTE SET: Jun 27, 2024 * trust $11.03

OTHER SPAC NEWS
TENK – TENX KEANE ACQUISITION * Notified that it underpaid redemptions previously 
WINV – WINVEST ACQUISITION CORP * Investor Deck
PLMI – PLUM ACQUISITION CORP I * Redemption Agreement
COOL – CORNER GROWTH ACQUISITION CORP * Vote Postponed

YESTERDAY’S TOP SPAC GAINERS
15.71% ~ $ 10.90 | SEPA – SEP ACQUISITION CORP (Announced)
8.11% ~ $ 19.46 | DHAC – Digital Health Acquisition Corp. (Announced)
7.63% ~ $ 23.57 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
3.15% ~ $ 9.82 | BITE – Bite Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.89% ~ $ 5.65 | RWOD – Redwoods Acquisition Corp. (Announced)
-8.00% ~ $ 9.77 | BWAQ – Blue World Acquisition Corp (Announced)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.07% ~ $ 10.30 | PUCK – Goal Acquisitions Corp. (Announced)
-3.58% ~ $ 6.46 | DECA – Denali Capital Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – June 10, 2024

Bayview Acquisition Corp + Oabay Inc. SPAC deal announced. EVE extension vote today. BUJA sets extension vote. PWUP amends merger agreement. COOL postpones to June 26.

Activism Update – June 7

Wisdom Tree (WT) gets Glass Lewis, ISS, and Egon-Jones support. Medallion (MFIN) calls ZimCal self-serving. F9 Investments continues to hammer LL Flooring (LL).

Daily SPAC Update – June 6, 2024

GDST Goldenstone Extension Vote Set. TWLV Extends to Dec 2 (557k redemptions). OTEC Deal Terminated/Liquidation. IVCP, WEL Merger Agreements.

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