Daily SPAC Update – November 8, 2024

by | Nov 8, 2024

CLOE + Global Hydrogen Energy Deal Vote. $200M GSR III Acquisition SPAC IPO. ACAB Deal Approved. NPAB and CCTS Shareholders Approve Extension.

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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.

MERGER VOTES
CLOE + Global Hydrogen Energy

NEW SPAC IPOs
Nov 07: GSRT – Gsr Iii Acquisition Corp. $200M IPO

SPAC VOTE RESULTS
NPAB – NEW PROVIDENCE ACQUISITION CORP II * Extend to Nov 09, 2025
CCTS – CACTUS ACQUISITION CORP 1 LTD * Extend to Nov 02, 2025 * 1,148,799 redeemed * trust $11.64
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Deal Approved * 436,019 redeemed * trust $11.28

EXTENSION VOTES
AITR – AI TRANSPORTATION ACQUISITION CORP * vote November 8, 2024 -> extend from November 10, 2024 to November 10, 2025
GBBK – GLOBAL BLOCKCHAIN ACQUISITION CORP * vote November 8, 2024 -> extend to August 12, 2025
MCAG – MOUNTAIN CREST ACQUISITION CORP V * vote November 8, 2024 -> extend to November 16, 2025
SVII – SPRING VALLEY ACQUISITION CORP II * vote November 8, 2024 -> extend to October 17, 2025

SEPARATE WARRANTS/RIGHTS
YHNA on Nov 08

OTHER SPAC NEWS
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Confirmed Trust * trust $11.28
CBRG – CHAIN BRIDGE I * Vote Postponed

SPAC DEAL & EXTENSION VOTES SET
ROCL – Roth Ch Acquisition V Co * DEAL VOTE SET: Nov 26, 2024 * trust $11.31
BOCN – Blue Ocean Acquisition Corp * DEAL VOTE SET: Nov 27, 2024 * trust $11.30

YESTERDAY’S TOP SPAC GAINERS
16.23% ~ $ 10.60 | INAQ – Insight Acquisition Corp. (Announced)
12.36% ~ $ 13.09 | CCTS – Cactus Acquisition Corp. 1 Ltd (Announced)
1.75% ~ $ 11.60 | PWUP – PowerUp Acquisition Corp. (Announced)
.89% ~ $ 11.30 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
.87% ~ $ 11.55 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-8.03% ~ $ 7.44 | TMTC – TMT Acquisition Corp. (Announced)
-5.21% ~ $ 10.00 | BHAC – Focus Impact BH3 Acquisition Company (Announced)
-3.25% ~ $ 11.02 | WAVS – Western Acquisition Ventures Corp. (Announced)
-1.16% ~ $ 11.42 | DECA – Denali Capital Acquisition Corp. (Announced)
-1.05% ~ $ 11.39 | MCAA – Mountain Co. I Acquisition Corp. (Announced)

LATEST SPAC IPO PERFORMANCE
Nov 01 | $ 9.99 | BACQ – Bleichroeder Acquisition Corp. I
Nov 01 | $ 9.97 | NTWO – Newbury Street II Acquisition Corp
Oct 24 | $ 10.00 | CHAR – Charlton Aria Acquisition Corp
Oct 24 | $ 10.05 | OACC – Oaktree Acquisition Corp. III
Oct 22 | $ 9.99 | ALDF – Aldel Financial II Inc.
Oct 11 | $ 10.05 | RDAC – Rising Dragon Acquisition Corp.
Oct 11 | $ 10.00 | CCIR – Cohen Circle Acquisition Corp. I

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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