Daily SPAC Update – May 15, 2024

by | May 15, 2024

LIBY + Caspi Oil Gas Deal Terminated. GTAC + Tyfon and BFAC + Class Over Deals Announced. CHAA Extension Vote. BLAC Extension Approved w/ 1.6m Redemptions.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
GTAC + Tyfon Culture Holdings Limited
BFAC + Class Over Inc.

SPAC DEAL TERMINATIONS
LIBY + Caspi Oil Gas LLP

EXTENSION VOTES
CHAA – CATCHA INVESTMENT CORP * vote May 15, 2024 -> extend 3 times monthly to August 2024

SPAC VOTE RESULTS
BLAC – BELLEVUE LIFE SCIENCES ACQUISITION CORP * Extend to Nov 14, 2024 * 1,581,733 redeemed

SPAC VOTES SET
BOCN – BLUE OCEAN ACQUISITION CORP * Extension Vote Set: May 29, 2024 * trust $11.10
TWLV – TWELVE SEAS INVESTMENT CO II * Extension Vote Set: May 28, 2024 * trust $10.82
CVII – CHURCHILL CAPITAL CORP VII * Changing vote date; TBD
SUAC – SHOULDERUP TECHNOLOGY ACQUISITION CORP * Vote delayed to May 17, 2024

OTHER SPAC NEWS
BFAC – BATTERY FUTURE ACQUISITION CORP * Trust Update * trust $11.13
BFAC – BATTERY FUTURE ACQUISITION CORP * Merger Agreement Amendment

YESTERDAY’S TOP SPAC GAINERS
18.16% ~ $ 9.11 | PLTN – Plutonian Acquisition Corp. (Announced)
3.88% ~ $ 13.40 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
3.57% ~ $ 6.25 | RWOD – Redwoods Acquisition Corp. (Announced)
2.46% ~ $ 11.89 | DHAC – Digital Health Acquisition Corp. (Announced)
2.39% ~ $ 12.00 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-8.62% ~ $ 10.18 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
-7.86% ~ $ 11.52 | NVAC – NorthView Acquisition Corp (Announced)
-4.18% ~ $ 11.45 | FHLT – Future Health ESG Corp. (Pre-Deal)
-3.45% ~ $ 8.40 | BITE – Bite Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – May 24, 2024

QRDO To Liquidate at $10.96. ShoulderUp Extends with 1.1M Redemptions. BFAC Extension Vote. Churchill Investor Deck. DIST Merger Agreement.

Daily SPAC Update – May 23, 2024

MAQC + Immersed Inc. Deal Terminated. GPAC Deal Vote Set. IVCB Extends w/ 2.1M Redemptions. CVII Investor Deck. PWUP Redemption Agreement.

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