Daily SPAC Update – September 11, 2024

by | Sep 11, 2024

IRAA and BNIX Shareholders Approve Extensions. LCW Deal Vote Set. HCVI and ROSS Extension Votes Set. EURK Separate Trading.

 Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

That latest SPAC activity saw Iris Acquisition Corp (IRAA) and Bannix Acquisition Corp (BNIX) both approving deadline extensions, with BNIX seeing over 1.2M in redemptions. Upcoming key votes are set for Learn Cw Investment Corp (LCW), Hennessy Capital Investment Corp VI (HCVI), and Ross Acquisition Corp II (ROSS). In other news, Evergreen Corp (EVGR) filed its merger agreement, and Chenghe Acquisition I Co (LATG) amended its existing deal. Yesterday’s top gainers included NorthView Acquisition Corp (NVAC), while Tribe Capital Growth Corp I (IRAA) led the decliners. Additionally, recent SPAC IPOs continue to trade around their initial pricing levels.

SPAC VOTE RESULTS
IRAA – IRIS ACQUISITION CORP * Extend to Dec 31, 2024 * 48,107 redeemed
BNIX – BANNIX ACQUISITION CORP * Extend to Mar 14, 2025 * 1,232,999 redeemed

SPAC DEAL & EXTENSION VOTES SET
LCW – Learn Cw Investment Corp * DEAL VOTE SET: Sep 30, 2024 * trust $10.99
HCVI – Hennessy Capital Investment Corp Vi * EXTENSION VOTE SET: Sep 27, 2024 * trust $10.66
ROSS – Ross Acquisition Corp Ii * EXTENSION VOTE SET: Sep 16, 2024 * trust $11.43

OTHER SPAC NEWS
EVGR – EVERGREEN CORP * Merger Agreement
LATG – CHENGHE ACQUISITION I CO * Merger Agreement Amendment

SEPARATE WARRANTS/RIGHTS
EURK on Sep 12

YESTERDAY’S TOP SPAC GAINERS
2.50% ~ $ 11.89 | NVAC – NorthView Acquisition Corp (Announced)
1.92% ~ $ 12.75 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
1.41% ~ $ 12.22 | NOVV – Nova Vision Acquisition Corp (Announced)
.90% ~ $ 11.24 | ROCL – Roth CH Acquisition V Co. (Announced)

YESTERDAY’S TOP SPAC LOSERS
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-3.50% ~ $ 12.41 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-1.65% ~ $ 11.31 | SEDA – SDCL EDGE Acquisition Corp (Pre-Deal)
-1.16% ~ $ 11.06 | YOTA – Yotta Acquisition Corp (Announced)

LATEST SPAC IPO PERFORMANCE
Sep 06 | $ 9.98 | VCIC – Vine Hill Capital Investment Corp.
Sep 06 | $ 9.97 | POLE – Andretti Acquisition Corp. II
Aug 29 | $ 9.96 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.97 | BSII – Black Spade Acquisition II Co
Aug 16 | $ 9.99 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.02 | SBXD – SilverBox Corp IV

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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.