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.

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

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

CEO & CFO Moves Review (Sept 6)

This week’s moves include CEO and CFO changes include moves at Accuray Inc. (ARAY), Atlassian Corporation (TEAM), Azenta Inc. (AZTA), Bloomin’ Brands, Inc. (BLMN), Chipotle Mexican Grill, Inc. (CMG), Fossil Group, Inc. (FOSL), NovoCure Limited (NVCR), and Repligen Corporation (RGEN).

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.