Daily SPAC Update – May 20, 2024

by David Pogemiller | May 20, 2024

BFAC Redemption Agreement and Adjourns to May 21. GPAC + Stardust Power Investor Deck. FLFV, SWSS, VMCA Extension Votes Set.

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Daily SPAC Update

SPAC DEAL & EXTENSION VOTES SET
FLFV – Feutune Light Acquisition Corp * DEAL VOTE SET: Jun 11, 2024 * trust $11.04
SWSS – Clean Energy Special Situations Corp * EXTENSION VOTE SET: May 28, 2024 * trust $10.61
VMCA – Valuence Merger Corp I * EXTENSION VOTE SET: May 30, 2024 * trust $11.46

OTHER SPAC NEWS
GPAC – GLOBAL PARTNER ACQUISITION CORP II * Investor Deck
BFAC – BATTERY FUTURE ACQUISITION CORP * Redemption Agreement
BFAC – BATTERY FUTURE ACQUISITION CORP * Vote Adjourn to May 21

YESTERDAY’S TOP SPAC GAINERS
6.04% ~ $ 11.42 | ACAB – Atlantic Coastal Acquisition Corp. II (Announced)
4.35% ~ $ 12.00 | AEAE – AltEnergy Acquisition Corp (Announced)
4.31% ~ $ 9.20 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)
3.95% ~ $ 11.85 | FHLT – Future Health ESG Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.56% ~ $ 8.48 | SEPA – SEP ACQUISITION CORP (Announced)
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-8.62% ~ $ 10.18 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
-7.58% ~ $ 12.20 | TRON – Corner Growth Acquisition Corp. 2 (Pre-Deal)
-4.19% ~ $ 8.00 | PLTN – Plutonian Acquisition Corp. (Announced)

Recent Analysis

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

Weekly Boardroom & Executive Moves: May 1, 2026

This week, significant leadership changes occurred across several companies facing financial difficulties. Abbott Laboratories (ABT) and Agilon Health Inc (AGL) appointed new board members and executives amidst high activist risks and declining TSRs. Accuray Inc (ARAY) and ALT5 Sigma Corp (ALTS) also saw key executive departures and appointments as they navigate substantial TSR declines. These shifts highlight the ongoing challenges and strategic redirections needed to stabilize operations and improve shareholder value.

Daily SPAC Update – May 1, 2026

Two SPAC IPOs launched today, raising a total of $500 million. CH4 Natural Solutions Acquisition Corp (MTNE) secured $300 million, while Quantum Leap Acquisition Corp (QLEP) raised $200 million. Today, 2 SPAC IPOs raised $500M, led by CH4 Natural Solutions (MTNE) at $300M. This follows a surge of activity at the end of April.

Daily SPAC Update – April 30, 2026

Today, six SPACs debuted, raising a total of $965 million. General Catalyst Global Resilience Merger Corp (GCGR) led the pack with $350 million, followed by RRE Ventures Acquisition Corp. (RREV) at $250 million. Month-to-date, SPAC IPOs total 16, bringing in $2.65 billion, compared to 11 IPOs last month that raised $1.72 billion.

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