Daily SPAC Update – September 26, 2024

by | Sep 26, 2024

Berenson (BACA) Liquidates. XFIN + Baird Medical Merger Vote. Trailblazer (TBMC) Extension Vote. Investcorp Europe (ICVB) Deal Termination. Breeze Holdings Deal Announced.

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Daily SPAC Update

MERGER VOTES
XFIN + Baird Medical

EXTENSION VOTES
TBMC – TRAILBLAZER MERGER CORP I * vote Sept 26, 2024 -> extend to September 30, 2025

SPAC LIQUIDATIONS
Berenson Acquisition Corp. I (BACA)-> Liquidation on Sep 27

OTHER SPAC NEWS
BACA – BERENSON ACQUISITION CORP I * Trust Update * trust $10.69
BACA – BERENSON ACQUISITION CORP I * Liquidation-> 2024-09-27
IVCB – INVESTCORP EUROPE ACQUISITION CORP I * Deal Termination
BREZ – BREEZE HOLDINGS ACQUISITION CORP * Investor Deck
BREZ – BREEZE HOLDINGS ACQUISITION CORP * Merger Agreement
LCW – LEARN CW INVESTMENT CORP * Side Letter to Agreement
SKGR – SK GROWTH OPPORTUNITIES CORP * Vote Postponed

SPAC DEAL & EXTENSION VOTES SET
IXAQ – Ix Acquisition Corp * EXTENSION VOTE SET: Oct 09, 2024 * trust $11.54

SPAC DEALS ANNOUNCED
Sep 25 | BRZH – Breeze Holdings Acquisition Corp * + YD Biopharma Limited

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-09-25: IVCB + OpSec Group
2024-09-17: BACA + Custom Health, Inc

YESTERDAY’S TOP SPAC GAINERS
4.19% ~ $ 11.20 | HCVI – Hennessy Capital Investment Corp. VI (Announced)
1.96% ~ $ 11.70 | IVCB – Investcorp Europe Acquisition Corp I (Pre-Deal)
1.60% ~ $ 11.46 | ONYX – Onyx Acquisition Co. I (Pre-Deal)
1.01% ~ $ 10.98 | TBMC – Trailblazer Merger Corp I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.18% ~ $ 11.12 | XFIN – ExcelFin Acquisition Corp. (Announced)
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-3.36% ~ $ 11.49 | WINV – WinVest Acquisition Corp. (Announced)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-2.16% ~ $ 11.75 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Sep 20 | $ 10.00 | CAPN – Cayson Acquisition Corp
Sep 18 | $ 10.02 | YHNA – YHN Acquisition I Ltd
Sep 12 | $ 10.02 | FVN – Future Vision II Acquisition Corp.
Sep 06 | $ 10.00 | VCIC – Vine Hill Capital Investment Corp.
Sep 06 | $ 9.99 | POLE – Andretti Acquisition Corp. II
Aug 29 | $ 9.98 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.98 | BSII – Black Spade Acquisition II Co

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-09-25: IVCB + OpSec Group
2024-09-17: BACA + Custom Health, Inc

Recent Analysis

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.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

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