Daily SPAC Update – May 24, 2024

by | May 24, 2024

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

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Daily SPAC Update

EXTENSION VOTES
BFAC – BATTERY FUTURE ACQUISITION CORP * extend from June 17, 2024 to June 17, 2025

SPAC VOTE RESULTS
SUAC – SHOULDERUP TECHNOLOGY ACQUISITION CORP * Extend to Nov 19, 2024 * 1,125,154 redeemed

SPAC LIQUIDATION
QDRO – QUADRO ACQUISITION ONE CORP * Liquidation-> 2024-05-22 * trust $10.96

OTHER SPAC NEWS
CVII – CHURCHILL CAPITAL CORP VII * Investor Deck
DIST – DISTOKEN ACQUISITION CORP * Merger Agreement

YESTERDAY’S TOP SPAC GAINERS
5.80% ~ $ 11.50 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
5.23% ~ $ 11.47 | GBBK – Global Blockchain Acquisition Corp. (Announced)
5.06% ~ $ 8.30 | PLTN – Plutonian Acquisition Corp. (Announced)
3.45% ~ $ 13.50 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
1.69% ~ $ 12.01 | PWUP – PowerUp Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-19.73% ~ $ 8.79 | BWAQ – Blue World Acquisition Corp (Announced)
-9.23% ~ $ 5.31 | RWOD – Redwoods Acquisition Corp. (Announced)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.07% ~ $ 10.30 | PUCK – Goal Acquisitions Corp. (Announced)
-4.03% ~ $ 11.43 | AEAE – AltEnergy Acquisition Corp (Announced)

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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