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

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).

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