Daily SPAC Update – March 6, 2024

by | Mar 6, 2024

Lists of SPAC Bankruptcies & 2024 DeSPAC Performance. ROSS Extension Vote. ESAC + Sunergy Deal Vote. LIBY Redemption Update.

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

Daily SPAC Update

MERGER VOTES
ESAC + Sunergy

EXTENSION VOTES
ROSS – ROSS ACQUISITION CORP II * vote March 6, 2024 -> extend to Sept 16, 2024

SPAC VOTES SET
CITE – CARTICA ACQUISITION CORP * Extension Vote Set: Apr 03, 2024 * trust $11.07
BWAQ – BLUE WORLD ACQUISITION CORP * Extension Vote Set: Mar 26, 2024 * trust $11.14
DSAQ – DIRECT SELLING ACQUISITION CORP * Extension Vote Set: Mar 21, 2024 * trust $11.13

SPAC VOTE RESULTS
HCMA – HCM ACQUISITION CORP * Deal Approved * 1,538,989 redeemed

REDEMPTION UPDATE
LIBY – LIBERTY RESOURCES ACQUISITION CORP * Redemption update * 3,037,062 redeemed * trust $11.20

DeSPAC BANKRUPTCIES
AVCT – AMERICAN VIRTUAL CLOUD TECHNOLOGIES
APPH – APPHARVEST
BRDS – BIRD GLOBAL
BOXD – BOXED
CANO – CANO HEALTH
CRXT – CLARUS THERAPEUTICS HOLDINGS
CORZ – CORE SCIENTIFIC
CYXT – CYXTERA TECHNOLOGIES
ELMS – ELECTRIC LAST MILE SOLUTIONS
ENJY – ENJOY TECHNOLOGY
FSRD – FAST RADIUS
GLSH – GELESIS HOLDINGS
IRNT – IRONNET
KALR – KALERA PUBLIC LTD CO
RIDE – LORDSTOWN MOTORS CORP
NOGN – NOGIN
IDIC – PARTS ID
PEAR – PEAR THERAPEUTICS
PTRA – PROTERRA
QTEK – QUALTEK SERVICES
QNGY – QUANERGY SYSTEMS
RKLY – ROCKLEY PHOTONICS HOLDINGS LTD
SFTG – SHIFT TECHNOLOGIES
STRY – STARRY GROUP HOLDINGS
SUNL – SUNLIGHT FINANCIAL HOLDINGS
TTCF – TATTOOED CHEF
UPHL – UPHEALTH
VORB – VIRGIN ORBIT HOLDINGS
WEJO – WEJO GROUP LTD
WEWK – WEWORK

2024 DeSPAC PERFORMANCE
-94.6%    Solidion Technology Inc (STI)
-92.3%    Dih Holding Us Inc (DHAI)
-91.8%    Semilux International Ltd (SELX)
-91.4%    Psyence Biomedical Ltd (PBM)
-90.0%    Hwh International Inc (HWH)
-88.2%    Trugolf Holdings Inc (TRUG)
-86.9%    New Horizon Aircraft Ltd (HOVR)
-83.7%    Griid Infrastructure Inc (GRDI)
-81.5%    Atlasclear Holdings Inc (ATCH)
-74.0%    Cero Therapeutics Holdings Inc (CERO)
-62.1%    Pinstripes Holdings Inc (PNST)
-42.2%    Lotus Technology Inc (LOT)
-22.8%    Tevogen Bio Holdings Inc (TVGN)
0.4%    Bitfufu Inc (FUFU)
12.4%    Critical Metals Corp (CRML)

YESTERDAY’S TOP SPAC GAINERS
34.72% ~ $ 6.79 | ENCP – Energem Corp (Announced)
9.79% ~ $ 5.27 | LBBB – Lakeshore Acquisition II Corp. (Announced)
6.61% ~ $ 5.00 | HCMA – HCM Acquisition Corp (Announced)
6.38% ~ $ 12.01 | APAC – StoneBridge Acquisition Corp. (Announced)
6.09% ~ $ 6.10 | DECA – Denali Capital Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-12.54% ~ $ 12.42 | MCAF – Mountain Crest Acquisition Corp. IV (Announced)
-11.41% ~ $ 5.90 | ESAC – ESGEN Acquisition Corp (Announced)
-5.90% ~ $ 11.01 | GMFI – Aetherium Acquisition Corp (Announced)
-4.57% ~ $ 10.45 | RWOD – Redwoods Acquisition Corp. (Announced)
-3.25% ~ $ 10.43 | XPDB – Power Digital Infrastructure Acquisition II 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.