Daily SPAC Update – May 3, 2024

by | May 3, 2024

MCAG + CUBEBIO Non-Binding Terms Sheet. TRIS Lockup Agreement. FIAC Merger Amendment. PLTN Drops 30%.

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OTHER SPAC NEWS
TRIS – TRISTAR ACQUISITION I CORP * Lockup agreement
FIAC – FOCUS IMPACT ACQUISITION CORP * Merger Agreement Amendment

SPAC DEAL ANNOUNCED
MCAG – MOUNTAIN CREST ACQUISITION CORP V * Non-binding term sheet with CUBEBIO

SPAC IPO
May 2: CCIXU – Churchill Capital Corp IX – Prices $250M SPAC IPO

DeSPACs
CONX -> CONX on May 02
LGVC -> NUVO on May 02
PGSS -> SHMD on May 01

YESTERDAY’S TOP SPAC GAINERS
12.74% ~ $ 6.99 | RWOD – Redwoods Acquisition Corp. (Announced)
6.29% ~ $ 10.31 | BITE – Bite Acquisition Corp. (Announced)
1.24% ~ $ 10.60 | MCAG – Mountain Crest Acquisition Corp. V (Pre-Deal)
1.11% ~ $ 10.89 | WAVS – Western Acquisition Ventures Corp. (Announced)
.98% ~ $ 10.34 | HLXB – Helix Acquisition Corp. II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-30.60% ~ $ 6.35 | PLTN – Plutonian Acquisition Corp. (Announced)
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-8.65% ~ $ 11.72 | KACL – Kairous Acquisition Corp. Ltd (Announced)
-8.11% ~ $ 12.81 | ALCC – AltC Acquisition Corp. (Announced)
-7.37% ~ $ 8.55 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)

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