Daily SPAC Update – May 28, 2024

by | May 28, 2024

BWAQ + Sunergy Cell Company Deal Vote. SWSS & TWLV Extension Votes. ACBA / LE Worldwide Terminated. BFAC & CNDA Votes Moved. BOCN Updates Redemptions.

Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

MERGER VOTES
BWAQ + Vietnam Sunergy Cell Company

EXTENSION VOTES
SWSS – CLEAN ENERGY SPECIAL SITUATIONS CORP * extend May 28, 2024 to August 28, 2024; then monthly to December 28, 2024
TWLV – TWELVE SEAS INVESTMENT CO II * extend June 2, 2024 to December 2, 2024

SPAC DEAL TERMINATIONS
ACBA + LE Worldwide

SPAC VOTE RESULTS
GGAAF – GENESIS GROWTH TECH ACQUISITION CORP * Deal Approved * 67,883 redeemed

SPAC VOTES SET
BFAC – BATTERY FUTURE ACQUISITION CORP * Vote Adjourn
CNDA – CONCORD ACQUISITION CORP II * Vote Delayed

OTHER SPAC NEWS
BOCN – BLUE OCEAN ACQUISITION CORP * Redemption Update * 4,415,265 redeemed
ACBA – ACE GLOBAL BUSINESS ACQUISITION LTD * Terminates deal with LE Worldwide
ACBA – ACE GLOBAL BUSINESS ACQUISITION LTD * Will Liquidate

YESTERDAY’S TOP SPAC GAINERS
14.50% ~ $ 6.08 | RWOD – Redwoods Acquisition Corp. (Announced)
5.80% ~ $ 11.50 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
4.08% ~ $ 11.98 | NVAC – NorthView Acquisition Corp (Announced)
3.05% ~ $ 8.45 | BITE – Bite Acquisition Corp. (Announced)
1.93% ~ $ 11.10 | WTMA – Welsbach Technology Metals Acquisition Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-8.90% ~ $ 8.70 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
-8.50% ~ $ 6.46 | DECA – Denali Capital Acquisition Corp. (Announced)
-7.79% ~ $ 11.25 | CCTS – Cactus Acquisition Corp. 1 Ltd (Pre-Deal)
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.47% ~ $ 13.14 | PTWO – Pono Capital Two, Inc. (Announced)

Recent Analysis

CEO & CFO Moves Review (October 11)

Discover the latest executive leadership changes in top U.S. public companies, including CEO and CFO appointments at Anterix, Astec Industries, and Benchmark Electronics. Stay informed on industry shifts and leadership transitions in finance, technology, and healthcare.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.