Daily SPAC Update – May 21, 2024

by | May 21, 2024

GGAAF + MindMaze Deal Vote. DIST + Youlife Deal Announced. BFAC, IVCB Extension Votes. GODN Sets Deal Vote. INAQ, GLST, PLMI Set Extension Votes.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
DIST + Youlife International Holdings Inc.

MERGER VOTES
GGAAF + MindMaze Group SA

EXTENSION VOTES
BFAC – BATTERY FUTURE ACQUISITION CORP * vote May 17, 2024 -> extend from June 17, 2024 to June 17, 2025
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * vote May 21, 2024 -> extend to December 17, 2024

SPAC DEAL & EXTENSION VOTES SET
GODN – Golden Star Acquisition Corp * DEAL VOTE SET: May 30, 2024 * trust $10.73
INAQ – Insight Acquisition Corp * EXTENSION VOTE SET: Jun 07, 2024 * trust $11.96
GLST – Global Star Acquisition Inc * EXTENSION VOTE SET: Jun 11, 2024 * trust $11.12
PLMI – Plum Acquisition Corp I * EXTENSION VOTE SET: Jun 14, 2024 * trust $11.17

OTHER SPAC NEWS
CNDA – CONCORD ACQUISITION CORP II * Non-Binding LOI
PWUP – POWERUP ACQUISITION CORP * Vote Delayed

YESTERDAY’S TOP SPAC GAINERS
9.08% ~ $ 9.25 | SEPA – SEP ACQUISITION CORP (Announced)
6.41% ~ $ 11.79 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
4.14% ~ $ 11.71 | CBRG – Chain Bridge I (Pre-Deal)
2.46% ~ $ 7.50 | DECA – Denali Capital Acquisition Corp. (Announced)

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)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.75% ~ $ 11.31 | AEAE – AltEnergy Acquisition Corp (Announced)
-4.69% ~ $ 12.00 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)

Recent Analysis

Activism Update – June 17

WisdomTree (WT) and Medallion (MFIN) win their fights. Trian downsizes its stake in Invesco (IVZ). Enhabit (EHAB) and Masimo (MASI) set their meeting dates as their shareholders continue to lose value.

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