Daily SPAC Update – March 13, 2024

by | Mar 13, 2024

Two Liquidations: ALTU, EAC. IVCP Extension Vote. TWOA Sets Extension Vote. Call Transcripts for RRAC, BHAC. TRON, BNIX, IRAA Deals Approved.

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

Daily SPAC Update

SPAC DEALS ANNOUNCED
BHAC + XCF Global Capital

EXTENSION VOTES
IVCP – SWIFTMERGE ACQUISITION CORP * vote March 13, 2024 -> extend to June 17, 2024

SPAC LIQUIDATION
ALTU – ALTITUDE ACQUISITION CORP * $10.1577 per-share
EAC – EDIFY ACQUISITION CORP * Liquidation * trust $10.61

SPAC VOTES SET
TWOA – TWO * Deal Vote Set: Mar 25, 2024 * trust $10.78

SPAC VOTE RESULTS
TRON – CORNER GROWTH ACQUISITION CORP 2 * Extend to Dec 31, 2024 * 1,407,653 redeemed * trust $11.55
BNIX – BANNIX ACQUISITION CORP * Extend to Sep 14, 2024 * 1,381,866 redeemed * trust $10.99
IRAA – IRIS ACQUISITION CORP * Extend to Jun 09, 2024 * 119,572 redeemed * trust $10.65

OTHER SPAC NEWS
NSTB – NORTHERN STAR INVESTMENT CORP II * Confirms final per share amount of distribution * trust $10.45
BHAC – FOCUS IMPACT BH3 ACQUISITION CO * Investor call transcript
RRAC – RIGEL RESOURCE ACQUISITION CORP * Investor call transcript
ESAC – ESGEN ACQUISITION CORP * Non-redemption Agreement

YESTERDAY’S TOP SPAC GAINERS
8.90% ~ $ 10.40 | RWOD – Redwoods Acquisition Corp. (Announced)
6.81% ~ $ 8.00 | DHCA – DHC Acquisition Corp (Announced)
6.76% ~ $ 9.00 | HCMA – HCM Acquisition Corp (Announced)
5.85% ~ $ 13.21 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
5.53% ~ $ 11.34 | ACAB – Atlantic Coastal Acquisition Corp. II (Announced)

YESTERDAY’S TOP SPAC LOSERS
-28.25% ~ $ 21.00 | XPDB – Power Digital Infrastructure Acquisition II Corp. (Announced)
-17.99% ~ $ 10.94 | CNDB – Concord Acquisition Corp III (Announced)
-12.05% ~ $ 8.03 | ADOC – Edoc Acquisition Corp (Announced)
-6.68% ~ $ 7.70 | ESAC – ESGEN Acquisition Corp (Announced)
-3.34% ~ $ 10.41 | WNNR – Andretti Acquisition Corp. (Announced)

Recent Analysis

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.