Daily SPAC Update – May 8, 2024

by | May 8, 2024

ALCC + OKLO Approved. NPAB Adjourned to May 9. MCAC Extends. IVCB Extension Vote Set. LCW Analyst Day Transcript.

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Daily SPAC Update

DeSPACs
ALCC -> OKLO on May 10

SPAC VOTES SET
NPAB – NEW PROVIDENCE ACQUISITION CORP II * Adjourned to May 9
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Extension Vote Set: May 21, 2024 * trust $11.28

SPAC VOTE RESULTS
MCAC – MONTEREY CAPITAL ACQUISITION CORP * Extend to Nov 13, 2024 * 228,678 redeemed
ALCC – ALTC ACQUISITION CORP * Deal Approved * 710 redeemed * trust $10.50

OTHER SPAC NEWS
LCW – LEARN CW INVESTMENT CORP * Analyst day transcript

YESTERDAY’S TOP SPAC GAINERS
10.00% ~ $ 11.22 | SEPA – SEP ACQUISITION CORP (Announced)
6.93% ~ $ 6.79 | RWOD – Redwoods Acquisition Corp. (Announced)
6.72% ~ $ 11.44 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
4.62% ~ $ 12.00 | IMAQ – International Media Acquisition Corp. (Pre-Deal)
4.33% ~ $ 8.19 | DECA – Denali Capital Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-28.27% ~ $ 6.85 | PLTN – Plutonian Acquisition Corp. (Announced)
-12.28% ~ $ 9.86 | USCT – TKB Critical Technologies 1 (Pre-Deal)
-5.74% ~ $ 11.50 | CCTS – Cactus Acquisition Corp. 1 Ltd (Pre-Deal)
-5.37% ~ $ 8.81 | BITE – Bite Acquisition Corp. (Announced)
-4.08% ~ $ 14.34 | ALCC – AltC 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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