Daily SPAC Update – March 25, 2024

by | Mar 25, 2024

Trump’s DWAC + TMTG Deal Approved. TWOA + LatAm Logistics Properties Deal Vote. RWOD, DSAQ Adjourned Votes. ARRW Delayed.

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Daily SPAC Update

MERGER VOTES
TWOA + LatAm Logistic Properties

DWAC + TMTG Deal Approved

  • Will trade as DJT starting this week sometime
  • Trump’s investment is worth approximately $3 billion
  • More at WSJ

SPAC VOTE RESULTS
DWAC – DIGITAL WORLD ACQUISITION CORP * Deal Approved * 4,939 redeemed
RWOD – REDWOODS ACQUISITION CORP * Adjourned to April 1
DSAQ – DIRECT SELLING ACQUISITION CORP * Adjourned to March 27

SPAC VOTES SET
SCRM – SCREAMING EAGLE ACQUISITION CORP * Extension Vote Set: Apr 09, 2024 * trust $10.70
XFIN – EXCELFIN ACQUISITION CORP * Extension Vote Set: Apr 18, 2024 * trust $11.01
ARRW – ARROWROOT ACQUISITION CORP * Postponed deal vote to March 28

YESTERDAY’S TOP SPAC GAINERS
20.53% ~ $ 12.39 | RWOD – Redwoods Acquisition Corp. (Announced)
8.10% ~ $ 9.08 | ASCA – ASPAC I Acquisition Corp. (Announced)
7.31% ~ $ 13.20 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
4.58% ~ $ 11.18 | CHAA – Catcha Investment Corp (Announced)
4.41% ~ $ 9.92 | ARRW – Arrowroot Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-19.47% ~ $ 6.20 | TWOA – two (Announced)
-13.71% ~ $ 36.94 | DWAC – Digital World Acquisition Corp. (Announced)
-10.72% ~ $ 10.49 | CNDB – Concord Acquisition Corp III (Announced)
-7.10% ~ $ 10.20 | KYCH – Keyarch Acquisition Corp (Announced)
-5.12% ~ $ 5.75 | APAC – StoneBridge Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – September 17, 2024

PLMI DeSPACs to VEEA. CHEB and SHPO SPAC Deals Announced. OAKU Sets Extension Vote. Prospect Energy Holdings Pulls SPAC IPO. AOGO Delists. Zalatoris II Redemption Update. NBST Trust Update.

Daily SPAC Update – September 16, 2024

Alpha Star Acquisition + OU XData Group SPAC Deal. GATE Extension Approved. FIAC Deal Approved. NNAG Liquidation. NBST Extension Vote Set. BAYA and ROSS Extension Votes.

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