Daily SPAC Update – September 18, 2024

by | Sep 18, 2024

Yhn Acquisition $60M IPO. PTWO + SBC Medical Group Deal Closes as SBC. OAKU Extension Vote Set.

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Daily SPAC Update

NEW SPAC IPOs
Sep 18: YHNA – Yhn Acquisition I Ltd $60M IPO

DeSPACs
PTWO -> SBC on Sep 18
PLMI -> VEEA on Sep 17

SPAC DEALS ANNOUNCED
Sep 16 | CHEB – Chenghe Acquisition Ii Co * + Polibeli Group Ltd
Sep 16 | HSPO – Horizon Space Acquisition I Corp * + Squirrel Enlivened International Co., Ltd
Sep 13 | ALSA – Alpha Star Acquisition Corp * + OU XDATA GROUP

SPAC DEAL & EXTENSION VOTES SET
OAKU – Oak Woods Acquisition Corp * EXTENSION VOTE SET: Sep 25, 2024 * trust $11.04

OTHER SPAC NEWS
RFAC – RF ACQUISITION CORP * Trust Update * trust $11.24
AOGO – AROGO CAPITAL ACQUISITION CORP * Delisting
CHEB – CHENGHE ACQUISITION II CO * Merger Agreement

SPAC LIQUIDATIONS
99 Acquisition Group Inc. (NNAG)-> Liquidation on Sep 13
Priveterra Acquisition Corp. II (PMGM)-> Liquidation on Sep 12

LATEST SPAC IPO PERFORMANCE
Sep 12 | $ 10.02 | FVN – Future Vision II Acquisition Corp.
Sep 06 | $ 9.98 | POLE – Andretti Acquisition Corp. II
Sep 06 | $ 10.00 | VCIC – Vine Hill Capital Investment Corp.
Aug 29 | $ 9.98 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.97 | BSII – Black Spade Acquisition II Co

 

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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