Daily SPAC Update – May 31, 2024

by | May 31, 2024

WEL + Btab Ecommerce $250M Deal Announced. GODN + Gamehaus Deal Vote Cancelled. CNDA Extension Vote. COOL Deal Vote Set. WINV Vote Delayed to June 3 (726k Redemptions).

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Daily SPAC Update

SPAC DEALS ANNOUNCED
WEL – Integrated Wellness Acquisition Corp + Btab Ecommerce Group, Inc. – Deal Announcement

EXTENSION VOTES
CNDA – CONCORD ACQUISITION CORP II * vote May 30, 2024 -> extend from June 3, 2024 to March 3, 2025

SPAC DEAL & EXTENSION VOTES SET
COOL – Corner Growth Acquisition Corp * DEAL VOTE SET: Jun 12, 2024 * trust $11.04

OTHER SPAC NEWS
GODN – GOLDEN STAR ACQUISITION CORPCanceled deal vote
WINV – WINVEST ACQUISITION CORPVote delayed to June 3; Redemption Update * 725,790 redeemed * trust $11.22
VMCA – VALUENCE MERGER CORP I * Vote Adjourned to June 3

YESTERDAY’S TOP SPAC GAINERS
19.46% ~ $ 11.05 | BWAQ – Blue World Acquisition Corp (Announced)
11.52% ~ $ 15.00 | DHAC – Digital Health Acquisition Corp. (Announced)
10.64% ~ $ 6.03 | PLTN – Plutonian Acquisition Corp. (Announced)
8.36% ~ $ 5.96 | DECA – Denali Capital Acquisition Corp. (Announced)
4.79% ~ $ 12.48 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-7.51% ~ $ 10.96 | FHLT – Future Health ESG Corp. (Pre-Deal)
-5.07% ~ $ 10.30 | PUCK – Goal Acquisitions Corp. (Announced)
-5.00% ~ $ 5.70 | RWOD – Redwoods Acquisition Corp. (Announced)
-4.42% ~ $ 11.04 | BFAC – Battery Future Acquisition Corp. (Announced)
-3.80% ~ $ 8.85 | BITE – Bite Acquisition Corp. (Announced)

Recent Analysis

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).

Daily SPAC Update – June 7, 2024

CHEB/U $75M IPO. PLTN / DSY Big Tree Cloud DeSPAC. TENK Fixes Incorrect Redemption Payments. DHAC + VSee Health Deal Vote. TETE Extension Vote. INQA, VMCA Extend. 

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