Daily SPAC Update – October 16, 2024

by | Oct 16, 2024

RFAC and IXAQ Extensions Approved. FNVT, SVII, and COOL Extension Votes Set. CLOE and LATG Adjourned. MARX Investor Deck.

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Daily SPAC Update

SPAC VOTE RESULTS
RFAC – RF ACQUISITION CORP * Extend to Mar 28, 2025 * 1,170,280 redeemed * trust $11.23
IXAQ – IX ACQUISITION CORP * Extend to Oct 12, 2025 * 1,235,698 redeemed

SPAC DEAL & EXTENSION VOTES SET
FNVT – Finnovate Acquisition Corp * EXTENSION VOTE SET: Nov 01, 2024 * trust $11.61
SVII – Spring Valley Acquisition Corp Ii * EXTENSION VOTE SET: Oct 31, 2024 * trust $11.43
COOL – Corner Growth Acquisition Corp * EXTENSION VOTE SET: Oct 31, 2024 * trust $11.22

OTHER SPAC NEWS
BHAC – FOCUS IMPACT BH3 ACQUISITION CO * Delisting
MARX – MARS ACQUISITION CORP * Investor Deck
THCP – THUNDER BRIDGE CAPITAL PARTNERS IV INC * Merger Agreement Amendment
INAQ – INSIGHT ACQUISITION CORP * Vote Adjourn
CLOE – CLOVER LEAF CAPITAL CORP * Vote Adjourn
LATG – CHENGHE ACQUISITION I CO * Vote Adjourn
PORT – SOUTHPORT ACQUISITION CORP * Vote Postponed * 985,170 redeemed * trust $11.08

LATEST SPAC IPO PERFORMANCE
Oct 11 | $ 10.02 | RDAC – Rising Dragon Acquisition Corp.
Oct 11 | $ 10.00 | CCIR – Cohen Circle Acquisition Corp. I
Oct 07 | $ 9.99 | LPBB – Launch Two Acquisition Corp.
Sep 20 | $ 10.03 | CAPN – Cayson Acquisition Corp
Sep 18 | $ 10.02 | YHNA – YHN Acquisition I Ltd

YESTERDAY’S TOP SPAC GAINERS
5.45% ~ $ 11.60 | WAVS – Western Acquisition Ventures Corp. (Announced)
2.59% ~ $ 12.30 | PWUP – PowerUp Acquisition Corp. (Announced)
1.65% ~ $ 11.74 | WINV – WinVest Acquisition Corp. (Announced)
1.05% ~ $ 11.58 | MSSA – Metal Sky Acquisition Corp (Pre-Deal)
.96% ~ $ 11.60 | INAQ – Insight Acquisition Corp. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-5.21% ~ $ 10.00 | BHAC – Focus Impact BH3 Acquisition Company (Announced)
-2.58% ~ $ 10.95 | BLEU – bleuacacia ltd (Pre-Deal)
-2.57% ~ $ 11.39 | ATEK – Athena Technology Acquisition Corp. II (Pre-Deal)
-.66% ~ $ 12.12 | TETE – Technology Telecommunication Acquisition Corp (Announced)
-.63% ~ $ 11.01 | GODN – Golden Star Acquisition Corp (Announced)

Recent Analysis

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

Impactive Capital Secures Full Three-Seat Slate at WEX

Impactive Capital has reached a cooperation agreement with WEX Inc., securing all three board seats it sought. The agreement follows a proxy contest and addresses WEX’s underperformance, trailing the S&P 500 by 24 points on a three-year CAGR basis.

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

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