Daily SPAC Update – September 13, 2024

by | Sep 13, 2024

FIAC + DevvStream Deal Vote. NOVV Deal Approved. PORT + Angel Studios Deal. NNAG Liquidation. FVN $50M IPO.

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Daily SPAC Update

Today’s SPAC activity saw Nova Vision Acquisition Corp (NOVV) shareholders approving its deal with 200,133 shares redeemed. Notably, Southport Acquisition Corp (PORT) announced a merger with Angel Studios. Meanwhile, 99 Acquisition Group Inc. (NNAG) is set to liquidate on September 13, and Plum Acquisition Corp I (PLMI) amended its merger agreement. Future Vision II Acquisition Corp (FVN) completed its $50M IPO. On the market, Pono Capital Two, Inc. (PTWO) led the gainers with a 7.52% rise, while Tribe Capital Growth Corp I (IRAA) dropped by 4.89%, leading the decliners.

MERGER VOTES
FIAC + DevvStream Holdings Inc.

SPAC VOTE RESULTS
NOVV – NOVA VISION ACQUISITION CORP * Deal Approved * 200,133 redeemed

SPAC DEALS ANNOUNCED
Sep 11 | PORT – Southport Acquisition Corp * + Angel Studios

OTHER SPAC NEWS
NNAG – 99 ACQUISITION GROUP INC * Liquidation-> 2024-09-13
PLMI – PLUM ACQUISITION CORP I * Merger Agreement Amendment

SPAC LIQUIDATIONS
99 Acquisition Group Inc. (NNAG)-> Liquidation on Sep 13
TortoiseEcofin Acquisition Corp. III (TRTLF)-> Liquidation on Sep 06

NEW SPAC IPOs
Sep 12: FVN – Future Vision Ii Acquisition Corp. $50M IPO

SEPARATE WARRANTS/RIGHTS
AAM on Sep 16
DTSQ on Sep 16

YESTERDAY’S TOP SPAC GAINERS
7.52% ~ $ 11.45 | PTWO – Pono Capital Two, Inc. (Announced)
3.48% ~ $ 11.60 | ACAB – Atlantic Coastal Acquisition Corp. II (Announced)
1.68% ~ $ 11.53 | PWUP – PowerUp Acquisition Corp. (Announced)
1.01% ~ $ 11.00 | FIAC – Focus Impact Acquisition Corp. (Announced)
.90% ~ $ 12.33 | NOVV – Nova Vision Acquisition Corp (Announced)

YESTERDAY’S TOP SPAC LOSERS
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-2.83% ~ $ 11.32 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)
-1.57% ~ $ 10.67 | PFTA – Portage Fintech Acquisition Corp. (Announced)
-1.38% ~ $ 12.89 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Sep 12 | $ 10.00 | FVN – Future Vision II Acquisition Corp.
Sep 06 | $ 9.98 | POLE – Andretti Acquisition Corp. II
Sep 06 | $ 9.97 | VCIC – Vine Hill Capital Investment Corp.
Aug 29 | $ 9.97 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.96 | BSII – Black Spade Acquisition II Co
Aug 16 | $ 9.99 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.00 | 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.

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