Daily SPAC Update – November 27, 2024

by | Nov 27, 2024

FACT II SPAC IPO Makes it 50 For the Year. FutureTech II (FTII) Overpays From Trust. BOCN + TNL Mediagene Deal Vote.

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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.

NEW SPAC IPOs
Nov 26: FACT – Fact II Acquisition Corp. $175M IPO

SPAC IPOs YTD Nov 2024

With the Fact II Acquisition IPO we’ve now hit 50 SPAC IPOs YTD for over $8B. That’s up meaningfully from 2023, but miles off the pace during peak SPAC mania. For SPAC believers this will give them some hope of a strengthening market, but most will temper that by numerous failed deals and liquidations this year.

MERGER VOTES
BOCN + TNL Mediagene

EXTENSION VOTES
GLST – GLOBAL STAR ACQUISITION INC * vote November 27, 2024 -> extend to June 22, 2025

SPAC DEAL & EXTENSION VOTES SET
FLD – Ftac Emerald Acquisition Corp * EXTENSION VOTE SET: Dec 17, 2024 * trust $10.97
SLAM – Slam Corp * EXTENSION VOTE SET: Dec 09, 2024 * trust $11.36

OTHER SPAC NEWS
GSRTU – GSR III ACQUISITION CORP * Dismissed Accountant
AOGO – AROGO CAPITAL ACQUISITION CORP * Deal Termination Dispute
BFAC – BATTERY FUTURE ACQUISITION CORP * PIPE Update
FTII – FUTURETECH II ACQUISITION CORP * trust_overpayment

SPAC LIQUIDATIONS
Gores Holdings IX, Inc. (GHIX)-> Liquidation on Dec 06
bleuacacia ltd (BLEU)-> Liquidation on Nov 22

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-11-19: AOGO + Ayurcann Holdings Corp,

YESTERDAY’S TOP SPAC GAINERS
12.36% ~ $ 13.09 | CCTS – Cactus Acquisition Corp. 1 Ltd (Announced)
1.96% ~ $ 12.03 | AIMAU – Aimfinity Investment Corp. I (Announced)
1.49% ~ $ 10.87 | PFTA – Portage Fintech Acquisition Corp. (Announced)
1.48% ~ $ 11.00 | INAQ – Insight Acquisition Corp. (Announced)
1.17% ~ $ 11.26 | BLAC – Bellevue Life Sciences Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-4.89% ~ $ 10.90 | BOCN – Blue Ocean Acquisition Corp (Announced)
-3.71% ~ $ 10.90 | MCAG – Mountain Crest Acquisition Corp. V (Announced)
-2.69% ~ $ 10.12 | GHIX – Gores Holdings IX, Inc. (Pre-Deal)
-2.19% ~ $ 11.38 | ROCL – Roth CH Acquisition V Co. (Announced)

LATEST SPAC IPO PERFORMANCE
Nov 20 | $ 9.96 | DYNX – Dynamix Corporation
Nov 20 | $ 9.99 | NOEM – CO2 Energy Transition Corp.
Nov 15 | $ 9.99 | HSPT – Horizon Space Acquisition II Corp.
Nov 08 | $ 10.01 | ASPC – SPAC III Acquisition Corp.
Nov 08 | $ 9.97 | WLAC – Willow Lane Acquisition Corp.
Nov 07 | $ 9.98 | GSRT – GSR III Acquisition Corp.
Nov 04 | $ 10.00 | BACQ – Bleichroeder Acquisition Corp. I
Nov 01 | $ 9.96 | NTWO – Newbury Street II Acquisition Corp

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.

Daily SPAC Update – November 22, 2024

OCA Acquisition (OCAX) Disputed Deal Termination. BleuAcacia SPAC Liquidation. AITR and MNTN Extension Votes. ShoulderUp Technology Extension Approved. IVCP, ATEK, WINV Set Votes.

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