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

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