Daily SPAC Update – May 9, 2024

by | May 9, 2024

GP-Act III Acquisition Corp. $250M IPO. ALCC Vote Results. BCSA, EVGR, NPAB Extension Votes. FNVT Extension Approved.

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Daily SPAC Update

SPAC IPO
May 09: GPAT – GP-Act III Acquisition Corp. $250M IPO

DeSPACs
ALCC -> OKLO on May 10

EXTENSION VOTES
BCSA – BLOCKCHAIN COINVESTORS ACQUISITION CORP I * vote May 9, 2024 -> extend from May 15, 2024 to Nov 15, 2024
EVGR – EVERGREEN CORP * vote May 9, 2024 -> extend to February 11, 2025 (9 monthly)
NPAB – NEW PROVIDENCE ACQUISITION CORP II * vote May 7, 2024 -> extend from May 9, 2024 to November 9, 2024

SPAC VOTE RESULTS
FNVT – FINNOVATE ACQUISITION CORP * Extend to Nov 08, 2024 * 2,374,826 redeemed * trust $11.33
ALCC – ALTC ACQUISITION CORP * Deal Approved * 710 redeemed * trust $10.50

SPAC VOTES SET
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Extension Vote Set: May 21, 2024 * trust $11.28

YESTERDAY’S TOP SPAC GAINERS
9.44% ~ $ 12.52 | SCRM – Screaming Eagle Acquisition Corp. (Announced)
8.59% ~ $ 13.02 | HUDA – Hudson Acquisition I Corp. (Pre-Deal)
6.95% ~ $ 12.00 | SEPA – SEP ACQUISITION CORP (Announced)
6.57% ~ $ 7.30 | PLTN – Plutonian Acquisition Corp. (Announced)
5.84% ~ $ 11.60 | PPYA – Papaya Growth Opportunity Corp. I (Pre-Deal)

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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