Daily SPAC Update – September 27, 2024

by | Sep 27, 2024

CLOE + Global Hydrogen SPAC Deal Vote. ACAC DeSPACs to FOXX. SKGR and TMTC Extension Votes. Ault Disruptive (ADRT) Liquidates. XFIN Deal Approved.

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Daily SPAC Update

MERGER VOTES
CLOE + Global Hydrogen Energy

DeSPACs
ACAC -> FOXX on Sep 27

EXTENSION VOTES
SKGR – SK GROWTH OPPORTUNITIES CORP * vote September 27, 2024 -> extend from September 30, 2024 to March 31, 2025
TMTC – TMT ACQUISITION CORP * vote September 27, 2024 -> extend to December 30, 2024

SPAC LIQUIDATIONS
Ault Disruptive Technologies Corp (ADRT)-> Liquidation on Oct 11
Berenson Acquisition Corp. I (BACA)-> Liquidation on Sep 27

SPAC VOTE RESULTS
ROSS – ROSS ACQUISITION CORP II * Extend (and name change) to Mar 16, 2026 * 2,512,919 redeemed * trust $11.50
NBST – NEWBURY STREET ACQUISITION CORP * Extend to Mar 25, 2025 * 555,266 redeemed * trust $10.99
MITA – COLISEUM ACQUISITION CORP * Extend to Dec 25, 2024 * 1,089,249 redeemed * trust $11.18
XFIN – EXCELFIN ACQUISITION CORP * Deal Approved * 752,032 redeemed

OTHER SPAC NEWS
LCW – LEARN CW INVESTMENT CORPSide Letter
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Vote Postponed

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

SPAC DEAL TERMINATIONS (Last 10 Days)
2024-09-25: IVCB + OpSec Group

YESTERDAY’S TOP SPAC GAINERS
12.86% ~ $ 11.41 | FIAC – Focus Impact Acquisition Corp. (Announced)
3.22% ~ $ 11.86 | WINV – WinVest Acquisition Corp. (Announced)
3.06% ~ $ 11.46 | XFIN – ExcelFin Acquisition Corp. (Announced)
.85% ~ $ 11.80 | IVCB – Investcorp Europe Acquisition Corp I (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-13.51% ~ $ 11.20 | ACAC – Acri Capital Acquisition Corp (Announced)
-4.89% ~ $ 10.51 | IRAA – Tribe Capital Growth Corp I (Announced)
-4.06% ~ $ 11.12 | HHGC – HHG Capital Corporation (Announced)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-1.79% ~ $ 11.00 | HCVI – Hennessy Capital Investment Corp. VI (Announced)

LATEST SPAC IPO PERFORMANCE
Sep 20 | $ 10.02 | 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 | $ 10.00 | POLE – Andretti Acquisition Corp. II
Aug 29 | $ 9.99 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.98 | BSII – Black Spade Acquisition II Co

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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