Daily SPAC Update – March 12, 2024

by | Mar 12, 2024

LBBB DeSPACs to NMHI. ATEK, GMFI, XPDB Extension Votes. BHAC, CONX, RRAC Deals. PEPL to Liquidate. ADOC Deal Approved. RWOD Vote Adjourned.

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Daily SPAC Update

DeSPACs
LBBB -> NMHI on Mar 12

EXTENSION VOTES
ATEK – ATHENA TECHNOLOGY ACQUISITION CORP II * vote March 12, 2024 -> extend to Dec 14, 2024
GMFI – AETHERIUM ACQUISITION CORP * vote March 12, 2024 -> extend to Dec 29, 2024
XPDB – POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP * vote March 12, 2024 -> extend from March 14, 2024 to July 14, 2024

SPAC DEALS ANNOUNCED
BHAC + XCF Global Capital
CONX + EchoStar Real Estate Holding – Properties
RRAC + Aurous

SPAC VOTE RESULTS
RWOD – REDWOODS ACQUISITION CORP * Deal vote adjourned to March 22, 2024
MCAA – MOUNTAIN & CO I ACQUISITION CORP * Extend to Nov 09, 2024 * 3,133,293 redeemed * trust $11.42
ADOC – EDOC ACQUISITION CORP * Deal Approved * 650,039 redeemed * trust $11.76

SPAC VOTES SET
NVAC – NORTHVIEW ACQUISITION CORP * Extension Vote Set: Mar 21, 2024 * trust $11.27

SPAC LIQUIDATION
PEPL – PEPPERLIME HEALTH ACQUISITION CORP * liquidation * trust $10.93

YESTERDAY’S TOP SPAC GAINERS
181.44% ~ $ 29.27 | XPDB – Power Digital Infrastructure Acquisition II Corp. (Announced)
47.91% ~ $ 12.01 | ENCP – Energem Corp (Announced)
24.09% ~ $ 13.34 | CNDB – Concord Acquisition Corp III (Announced)
18.72% ~ $ 8.25 | ESAC – ESGEN Acquisition Corp (Announced)
14.29% ~ $ 12.00 | MBTC – Nocturne Acquisition Corporation (Announced)

YESTERDAY’S TOP SPAC LOSERS
-15.41% ~ $ 7.08 | APAC – StoneBridge Acquisition Corp. (Announced)
-14.20% ~ $ 7.49 | DHCA – DHC Acquisition Corp (Announced)
-10.60% ~ $ 11.25 | AIMAU – Aimfinity Investment Corp. I (Announced)
-9.31% ~ $ 9.55 | RWOD – Redwoods Acquisition Corp. (Announced)
-6.81% ~ $ 11.50 | ASCA – ASPAC I Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – October 1, 2024

Trailblazer (TBMC) and Learn CW (LCW) Shareholders Approve Extension and Deal. NPAB and LATG Set Extension Votes. BCSA Deal Termination. DSAQ and SLAMF Amend Mergers.

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