Daily SPAC Update – October 30, 2024

by | Oct 30, 2024

Chenge Acquisition (LATG) Extension Approved. TMTC + eLong Power Deal Approved (4.2M Redemptions). FRLA Extension Delayed. CBRG to Pay Dissolution Expenses.

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Daily SPAC Update

SPAC VOTE RESULTS
LATG – CHENGHE ACQUISITION I CO * Extend to Apr 27, 2025 * 407,442 redeemed * trust $11.66
TMTC – TMT ACQUISITION CORP * Deal Approved * 4,247,501 redeemed * trust $11.30

OTHER SPAC NEWS
GMFI – AETHERIUM ACQUISITION CORP * Deal Termination
CBRG – CHAIN BRIDGE I * Sponsor to pay Dissolution Expenses
FRLA – FORTUNE RISE ACQUISITION CORP * Vote Postponed

SPAC LIQUIDATIONS
Onyx Acquisition Co. I (ONYX)-> Liquidation on Nov 13
VISION SENSING ACQUISITION CORP. (VSAC)-> Liquidation on Oct 25
Generation Asia I Acquisition Ltd (GAQ)-> Liquidation on Oct 23

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-10-23: GMFI + Capital A International

YESTERDAY’S TOP SPAC GAINERS
5.46% ~ $ 11.59 | BLEU – bleuacacia ltd (Pre-Deal)
2.57% ~ $ 11.99 | PWUP – PowerUp Acquisition Corp. (Announced)
.97% ~ $ 11.42 | JWSM – Jaws Mustang Acquisition Corporation (Pre-Deal)
.94% ~ $ 11.78 | INAQ – Insight Acquisition Corp. (Announced)
.80% ~ $ 10.10 | CHEB – Chenghe Acquisition II Co. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-5.21% ~ $ 10.00 | BHAC – Focus Impact BH3 Acquisition Company (Announced)
-4.34% ~ $ 11.46 | WAVS – Western Acquisition Ventures Corp. (Announced)
-1.87% ~ $ 10.99 | GATE – Marblegate Acquisition Corp. (Announced)
-1.86% ~ $ 9.50 | TMTC – TMT Acquisition Corp. (Announced)
-1.50% ~ $ 11.18 | GLST – Global Star Acquisition Inc. (Announced)

LATEST SPAC IPO PERFORMANCE
Oct 24 | $ 9.98 | CHAR – Charlton Aria Acquisition Corp
Oct 24 | $ 10.01 | OACC – Oaktree Acquisition Corp. III
Oct 22 | $ 10.00 | ALDF – Aldel Financial II Inc.
Oct 11 | $ 10.04 | RDAC – Rising Dragon Acquisition Corp.
Oct 11 | $ 10.00 | CCIR – Cohen Circle Acquisition Corp. I
Oct 07 | $ 10.00 | LPBB – Launch Two Acquisition Corp.

Recent Analysis

Daily SPAC Update – February 12, 2025

Nabors Energy Transition II (NETD) Deal Announced with e2Companies. Atherium (GMFI) Extension Vote. Global Star (GLST) Fixes Trust Mistake. FTAC Emerald (FLDD) Deal Vote Delayed to Feb 13.

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