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 Update – October 1, 2024

Trailblazer (TBMC) and Learn CW (LCW) Shareholders Approve Extension and Deal. NPAB and LATG Set Extension Votes. BCSA Deal Termination. DSAQ and SLAMF Amend Mergers.

Daily SPAC Update – September 30, 2024

LCW + INNEVENTURE Deal Vote. Hennessy Capital VI Extension Vote. LATG Extension Vote Set. AULT Disruptive (ADRT) Liquidation. Everest Consolidator (MNTN) Deal Termination Dispute.

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