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.

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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

Daily SPAC Update – June 13, 2024

Catcha Investment (CHAA) + Crown LNG Approved. DHAC + VSee Labs Deal Approved. SEDA Investor Deck. Feutune Light (FLFV) Updates Trust & Redemptions.

Daily SPAC Update – June 10, 2024

Bayview Acquisition Corp + Oabay Inc. SPAC deal announced. EVE extension vote today. BUJA sets extension vote. PWUP amends merger agreement. COOL postpones to June 26.

Activism Update – June 7

Wisdom Tree (WT) gets Glass Lewis, ISS, and Egon-Jones support. Medallion (MFIN) calls ZimCal self-serving. F9 Investments continues to hammer LL Flooring (LL).

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