Daily SPAC Update – March 22, 2024

by David Pogemiller | Mar 22, 2024

Trump’s DWAC + TMTG Deal Approved. RWOD + ANEW Medical Deal Vote. HSPO, TMTC Extension Votes.

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Daily SPAC Update

DWAC + TMTG Deal Approved

Will trade as DJT starting next week sometime
Trump’s investment is worth aproximately $3 billion
More at WSJ

MERGER VOTES
RWOD + ANEW Medical
DWAC + Trump Media & Technology Group Corp.

EXTENSION VOTES
HSPO – HORIZON SPACE ACQUISITION I CORP * extend to Dec 27, 2024
TMTC – TMT ACQUISITION CORP * extend to Dec 30, 2024

OTHER SPAC NEWS
DSAQ – DIRECT SELLING ACQUISITION CORP * Adjourned to March 27, 2024

YESTERDAY’S TOP SPAC GAINERS
5.48% ~ $ 11.75 | CNDB – Concord Acquisition Corp III (Announced)
5.14% ~ $ 12.30 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
3.12% ~ $ 9.50 | ARRW – Arrowroot Acquisition Corp. (Announced)
1.20% ~ $ 10.27 | WNNR – Andretti Acquisition Corp. (Announced)
1.13% ~ $ 10.73 | TWLV – Twelve Seas Investment Company II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-64.46% ~ $ 2.85 | ADOC – Edoc Acquisition Corp (Announced)
-28.84% ~ $ 7.70 | TWOA – two (Announced)
-24.66% ~ $ 8.40 | ASCA – ASPAC I Acquisition Corp. (Announced)
-10.36% ~ $ 6.06 | APAC – StoneBridge Acquisition Corp. (Announced)
-6.51% ~ $ 8.40 | DECA – Denali Capital Acquisition Corp. (Announced)

Recent Analysis

Weekly Activism & Executive Moves Review (April 26)

Norfolk Southern vs. Ancora is getting ugly(er). Arena Group promotes insider to CEO after a tough year. Keurig Dr Pepper puts their COO at the helm.

Daily SPAC Update – April 26, 2024

XFIN Extends. ALCC + Oklo Deal Vote on May 7. PHYT Extension Vote Today.

Daily SPAC Update – April 25, 2024

XFIN Extension Vote. SCRM Non-Redemption Agreement. INAQ Fires CEO/CFO After Improper Trust Actions.

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