Daily SPAC Update – November 14, 2024

by | Nov 14, 2024

DPCS and PORT SPAC Extensions Approved. Plum / Tactical Resources Investor Deck. CBRG, DIST, and IRRX Shareholders Vote Extensions Today. ACAB DeSPAC.

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Daily SPAC Update

ABOUT THE SPAC DAILY
Get the latest insights into the SPAC market with an in-depth look at recent vote outcomes, redemptions, deal announcements, and liquidations. Discover which SPACs gained and lost the most yesterday, IPO performance stats, upcoming extension votes, and notable trust value changes. Stay informed on the latest SPAC trends and opportunities.

SPAC VOTE RESULTS
DPCS – DP CAP ACQUISITION CORP I * Extend to Nov 12, 2025 * 1,451,905 redeemed * trust $11.62
PORT – SOUTHPORT ACQUISITION CORP * Extend to Sep 30, 2025 * 1,125,126 redeemed * trust $11.08

EXTENSION VOTES
CBRG – CHAIN BRIDGE I * vote November 8, 2024 -> extend from November 15, 2024 to November 15, 2025
DIST – DISTOKEN ACQUISITION CORP * vote November 14, 2024 -> Extend to November 18, 2025
IRRX – INTEGRATED RAIL & RESOURCES ACQUISITION CORP *  extend to May 15, 2025

DeSPACs
ACAB -> ABP on Nov 13

OTHER SPAC NEWS
CBRG – CHAIN BRIDGE I * Trust Update * trust $11.49
PLMJ – PLUM ACQUISITION CORP III * Investor Deck
WTMA – WELSBACH TECHNOLOGY METALS ACQUISITION CORP * Merger Agreement Amendment
IPXX – INFLECTION POINT ACQUISITION CORP II * Merger Agreement Amendment
IPXX – INFLECTION POINT ACQUISITION CORP II * Non-Redemption Agreement

YESTERDAY’S TOP SPAC GAINERS
12.36% ~ $ 13.09 | CCTS – Cactus Acquisition Corp. 1 Ltd (Announced)
2.68% ~ $ 13.80 | DPCS – DP Cap Acquisition Corp I (Pre-Deal)
1.80% ~ $ 10.76 | SPKL – Spark I Acquisition Corp (Pre-Deal)
1.51% ~ $ 10.76 | THCP – Thunder Bridge Capital Partners IV, Inc. (Announced)
.62% ~ $ 11.39 | JWSM – Jaws Mustang Acquisition Corporation (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-6.18% ~ $ 7.29 | TMTC – TMT Acquisition Corp. (Announced)
-5.60% ~ $ 11.30 | INAQ – Insight Acquisition Corp. (Announced)
-3.36% ~ $ 11.50 | CBRG – Chain Bridge I (Announced)
-1.05% ~ $ 11.39 | MCAA – Mountain Co. I Acquisition Corp. (Announced)
-.70% ~ $ 11.42 | GLLI – Globalink Investment Inc. (Announced)

SPAC LIQUIDATIONS
Blockchain Coinvestors Acquisition Corp. I (BCSA)-> Liquidation on Nov 13
Onyx Acquisition Co. I (ONYX)-> Liquidation on Nov 13
New Providence Acquisition Corp. II (NPAB)-> Liquidation on Nov 09
Clover Leaf Capital Corp. (CLOE)-> Liquidation on Nov 08

LATEST SPAC IPO PERFORMANCE
Nov 08 | $ 9.97 | WLAC – Willow Lane Acquisition Corp.
Nov 08 | $ 10.00 | ASPC – SPAC III Acquisition Corp.
Nov 07 | $ 10.00 | GSRT – GSR III Acquisition Corp.
Nov 01 | $ 9.99 | BACQ – Bleichroeder Acquisition Corp. I
Nov 01 | $ 9.96 | NTWO – Newbury Street II Acquisition Corp
Oct 24 | $ 10.00 | CHAR – Charlton Aria Acquisition Corp
Oct 24 | $ 10.04 | OACC – Oaktree Acquisition Corp. III
Oct 22 | $ 9.99 | ALDF – Aldel Financial II Inc.

Recent Analysis

Daily SPAC Update – December 2, 2024

BACQ, RDAC, CCIR Start Separate Trading. BREZ, JWSM, MNTN Shareholders Approve Extensions. ROCL Deal Approved. AITR + American Metals Deal Terminated.

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