Daily SPAC Update – October 2, 2024

by | Oct 2, 2024

IROH Deal Announced. XFIN DeSPACs to BDMD. OAKU, TBMC, TMTC Extensions Approved. TMTC Acquisition Sets Deal Vote. MSSA LOI Announced.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Oct 02 | IROH – Iron Horse Acquisitions Corp * + Rosey Sea Holdings / Zhong Guo Liang Tou Group

DeSPACs
XFIN -> BDMD on Oct 02

SPAC VOTE RESULTS
OAKU – OAK WOODS ACQUISITION CORP * Extend to Mar 28, 2025 * 1,492,646 redeemed
TBMC – TRAILBLAZER MERGER CORP I * Extend to Sep 30, 2025 * 4,520,384 redeemed
TMTC – TMT ACQUISITION CORP * Extend to Dec 30, 2024 * 1,710,385 redeemed * trust $11.19
LCW – LEARN CW INVESTMENT CORP * Deal Approved * 8,310,747 redeemed * trust $10.99

SPAC DEAL & EXTENSION VOTES SET
TMTC – Tmt Acquisition Corp * DEAL VOTE SET: Oct 29, 2024 * trust $11.14
NPAB – New Providence Acquisition Corp Ii * EXTENSION VOTE SET: Nov 01, 2024 * trust $10.99

SPAC LATE 10-K FILINGS
KACL – Kairous Acquisition Corp Ltd : Late 10-K

OTHER SPAC NEWS
BCSA – BLOCKCHAIN COINVESTORS ACQUISITION CORP I * Deal Termination
DSAQ – DIRECT SELLING ACQUISITION CORP * Merger Agreement Amendment
SLAM – SLAM CORP * Merger Agreement Amendment
KACL – KAIROUS ACQUISITION CORP LTD * Merger Agreement Amendment
DSAQ – DIRECT SELLING ACQUISITION CORP * Merger Agreement Amendment
MSSA – METAL SKY STAR ACQUISITION CORP * Non-Binding LOI

SPAC LIQUIDATIONS
Ault Disruptive Technologies Corp (ADRT)-> Liquidation on Oct 11
Berenson Acquisition Corp. I (BACA)-> Liquidation on Sep 27

YESTERDAY’S TOP SPAC GAINERS
2.68% ~ $ 11.10 | PFTA – Portage Fintech Acquisition Corp. (Announced)
1.64% ~ $ 12.41 | PWUP – PowerUp Acquisition Corp. (Announced)
.79% ~ $ 11.55 | BCSA – Blockchain Coinvestors Acquisition Corp. I (Pre-Deal)
.66% ~ $ 11.37 | CBRG – Chain Bridge I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.85% ~ $ 10.68 | HCVI – Hennessy Capital Investment Corp. VI (Announced)
-7.06% ~ $ 10.01 | LCW – Learn CW Investment Corp (Announced)
-5.38% ~ $ 11.26 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-3.03% ~ $ 11.53 | FIAC – Focus Impact Acquisition Corp. (Announced)

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-09-26: BCSA + Linqto, Inc
2024-09-25: IVCB + OpSec Group

LATEST SPAC IPO PERFORMANCE
Sep 20 | $ 10.02 | CAPN – Cayson Acquisition Corp
Sep 18 | $ 10.02 | YHNA – YHN Acquisition I Ltd
Sep 12 | $ 10.02 | FVN – Future Vision II Acquisition Corp.
Sep 06 | $ 10.01 | VCIC – Vine Hill Capital Investment Corp.
Sep 06 | $ 10.00 | POLE – Andretti Acquisition Corp. II

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

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