Daily SPAC Update – September 23, 2024

by | Sep 23, 2024

RFAC Extension Vote. ACAB Extension Approved. MBAV Separate Trading. FTII + Longevity Biomedical SPAC Deal. BACA + Custom Health Deal Terminated.

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Daily SPAC Update

EXTENSION VOTES
RFAC – RF ACQUISITION CORP * extend from September 28, 2024 to March 28, 2025

SPAC VOTE RESULTS
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Extend to Nov 19, 2024 * 126,122 redeemed * trust $11.27

SEPARATE WARRANTS/RIGHTS
MBAV on Sep 23

SPAC DEALS ANNOUNCED
Sep 20 | FTII – Futuretech Ii Acquisition Corp * + Longevity Biomedical, Inc.

NEW SPAC IPOs
Sep 20: CAPN – Cayson Acquisition Corp $60M IPO

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-09-17: BACA + Custom Health, Inc

OTHER SPAC NEWS
AFAR – AURA FAT PROJECTS ACQUISITION CORP * Delisting
FTII – FUTURETECH II ACQUISITION CORP * Merger Agreement
CLOE – CLOVER LEAF CAPITAL CORP * Vote Adjourn
MITA – COLISEUM ACQUISITION CORP * Vote Adjourn

SPAC DEAL & EXTENSION VOTES SET
WAVS – Western Acquisition Ventures Corp * EXTENSION VOTE SET: Oct 09, 2024 * trust $10.55

YESTERDAY’S TOP SPAC GAINERS
17.22% ~ $ 13.48 | ACAC – Acri Capital Acquisition Corp (Announced)
4.74% ~ $ 11.50 | XFIN – ExcelFin Acquisition Corp. (Announced)
4.08% ~ $ 12.50 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-10.38% ~ $ 10.04 | FIAC – Focus Impact Acquisition Corp. (Announced)
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-1.65% ~ $ 11.32 | ATEK – Athena Technology Acquisition Corp. II (Pre-Deal)
-1.52% ~ $ 11.70 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Sep 20 | $ 10.00 | CAPN – Cayson Acquisition Corp
Sep 18 | $ 10.01 | YHNA – YHN Acquisition I Ltd
Sep 12 | $ 10.02 | FVN – Future Vision II Acquisition Corp.
Sep 06 | $ 9.98 | POLE – Andretti Acquisition Corp. II
Sep 06 | $ 9.99 | VCIC – Vine Hill Capital Investment Corp.
Aug 29 | $ 9.96 | 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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