Daily SPAC Update – May 16, 2024

by | May 16, 2024

PLMI SPAC Deal Vote Set. CNDA Extension Vote Set. BFAC & GTAC Merger Agreements. ICVB Merger Agreement Amendment. BCSA, NPAB, EVGR Extensions Approved.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
GTAC + Tyfon Culture Holdings Limited

SPAC VOTES SET
PLMI – PLUM ACQUISITION CORP I * Deal Vote Set: Jun 04, 2024 * trust $11.14
CNDA – CONCORD ACQUISITION CORP II * Extension Vote Set: May 30, 2024 * trust $10.61

OTHER SPAC NEWS
BFAC – BATTERY FUTURE ACQUISITION CORP * Merger Agreement
GTAC – GLOBAL TECHNOLOGY ACQUISITION CORP I * Merger Agreement
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Merger Agreement Amendment

SPAC VOTE RESULTS
BCSA – BLOCKCHAIN COINVESTORS ACQUISITION CORP I * Extend to Nov 15, 2024 * 533,146 redeemed * trust $11.18
NPAB – NEW PROVIDENCE ACQUISITION CORP II * Extend to Nov 09, 2024 * 4,585,351 redeemed * trust $10.89
EVGR – EVERGREEN CORP * Extend to Feb 11, 2025 * 2,831,713 redeemed

YESTERDAY’S TOP SPAC GAINERS
9.73% ~ $ 12.29 | CCTS – Cactus Acquisition Corp. 1 Ltd (Pre-Deal)
4.33% ~ $ 13.98 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
1.96% ~ $ 11.18 | OCAX – OCA Acquisition Corp (Announced)
1.91% ~ $ 11.34 | GMFI – Aetherium Acquisition Corp (Announced)
1.76% ~ $ 11.00 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-11.53% ~ $ 8.06 | PLTN – Plutonian Acquisition Corp. (Announced)
-8.62% ~ $ 10.18 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
-6.86% ~ $ 10.25 | SEPA – SEP ACQUISITION CORP (Announced)
-6.74% ~ $ 7.19 | DECA – Denali Capital 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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