Daily SPAC Update – May 7, 2024

by | May 7, 2024

SCRM + Lionsgate Deal Vote. ALCC + Oklo Deal Vote. GBBK, MCAC, NPAB Extension Votes. NPAB Non-binding LOI. SLAM Investor Factsheet.

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Daily SPAC Update

SPAC MERGER VOTES
SCRM + Studio Business of Lionsgate (NYSE: LGF.A, LGF.B)
ALCC + Oklo

SPAC EXTENSION VOTES
GBBK – GLOBAL BLOCKCHAIN ACQUISITION CORP * vote May 7, 2024 -> extend to November 12, 2024
MCAC – MONTEREY CAPITAL ACQUISITION CORP * vote May 7, 2024 -> extend 6 times, monthly, to November 14, 2024
NPAB – NEW PROVIDENCE ACQUISITION CORP II * vote May 7, 2024 -> extend from May 9, 2024 to November 9, 2024

SPAC VOTES SET
BFAC – BATTERY FUTURE ACQUISITION CORP * Extension Vote Set: May 17, 2024 * trust $11.13
CHAA – CATCHA INVESTMENT CORP * Extension Vote Set: May 15, 2024 * trust $11.49

SPAC DEALS
NPAB – NEW PROVIDENCE ACQUISITION CORP II * Non-binding LOI with unnamed company

OTHER SPAC NEWS
SLAM – SLAM CORP * Investor Factsheet

YESTERDAY’S TOP SPAC GAINERS
58.90% ~ $ 9.55 | PLTN – Plutonian Acquisition Corp. (Announced)
16.51% ~ $ 11.22 | CHAA – Catcha Investment Corp (Announced)
11.10% ~ $ 9.31 | BITE – Bite Acquisition Corp. (Announced)
5.85% ~ $ 11.40 | ACAB – Atlantic Coastal Acquisition Corp. II (Announced)

YESTERDAY’S TOP SPAC LOSERS
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-7.34% ~ $ 13.25 | PTWO – Pono Capital Two, Inc. (Announced)
-4.20% ~ $ 10.72 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
-3.93% ~ $ 6.35 | RWOD – Redwoods Acquisition Corp. (Announced)
-3.68% ~ $ 9.15 | PEGR – Project Energy Reimagined Acquisition Corp. (Announced)

Recent Analysis

Daily SPAC Update – May 24, 2024

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

Daily SPAC Update – May 23, 2024

MAQC + Immersed Inc. Deal Terminated. GPAC Deal Vote Set. IVCB Extends w/ 2.1M Redemptions. CVII Investor Deck. PWUP Redemption Agreement.

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