Daily SPAC Update – September 3, 2024

by | Sep 3, 2024

Aspire Biopharma+PowerUp Acquisition Deal. TRTLF Deal Termination Becomes Mutual. MCAG Merger Agreement. NNAG Deal Termination. FIAC / DevvStream Deal Deck. SBXC Extension Approved.

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Daily SPAC Update

SPAC VOTE RESULTS
SBXC – SILVERBOX CORP III * Extend to Mar 02, 2025 * 10,019,700 redeemed

DeSPACs
IFIN -> CURR on Sep 03

OTHER SPAC NEWS
NNAG – 99 ACQUISITION GROUP INC * Deal Termination
FIAC – FOCUS IMPACT ACQUISITION CORP * Investor Deck
PWUP – POWERUP ACQUISITION CORP * Merger Agreement
MCAG – MOUNTAIN CREST ACQUISITION CORP V * Merger Agreement
TRTLF – TORTOISEECOFIN ACQUISITION CORP III * Officially, mutually, agree to terminate deal

SPAC LIQUIDATIONS
TortoiseEcofin Acquisition Corp. III (TRTLF)-> Liquidation on Sep 06
Fintech Ecosystem Development Corp. (FEXD)-> Liquidation on Aug 29

SEPARATE WARRANTS/RIGHTS
LPAA on Sep 03

YESTERDAY’S TOP SPAC GAINERS
2.70% ~ $ 12.38 | ALSA – Alpha Star Acquisition Corp (Pre-Deal)
2.00% ~ $ 12.25 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
.76% ~ $ 10.58 | NNAG – 99 Acquisition Group Inc. (Announced)
.63% ~ $ 11.25 | CBRG – Chain Bridge I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-20.11% ~ $ 10.32 | PTWO – Pono Capital Two, Inc. (Announced)
-13.06% ~ $ 10.78 | ACAC – Acri Capital Acquisition Corp (Announced)
-7.34% ~ $ 11.11 | AEAE – AltEnergy Acquisition Corp (Announced)
-4.13% ~ $ 12.08 | CLOE – Clover Leaf Capital Corp. (Announced)
-3.74% ~ $ 11.08 | MITA – Coliseum Acquisition Corp. (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 29 | $ 9.94 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.97 | BSII – Black Spade Acquisition II Co
Aug 16 | $ 10.00 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.00 | SBXD – SilverBox Corp IV
Aug 09 | $ 9.97 | VACH – Voyager Acquisition Corp
Aug 06 | $ 9.95 | EQV – EQV Ventures Acquisition Corp.

Recent Analysis

CEO & CFO Moves Review (Sept 6)

This week’s moves include CEO and CFO changes include moves at Accuray Inc. (ARAY), Atlassian Corporation (TEAM), Azenta Inc. (AZTA), Bloomin’ Brands, Inc. (BLMN), Chipotle Mexican Grill, Inc. (CMG), Fossil Group, Inc. (FOSL), NovoCure Limited (NVCR), and Repligen Corporation (RGEN).

Daily SPAC Update – September 6, 2024

CDAQ + EEW Renewables and EVGR + Forekast Deals Announced. Vine Hill (VCIC) and Andretti (POLE) $200M SPAC IPOs. PPHP Extension Approved. XFIN Deal Vote Set.

Daily SPAC Update – September 5, 2024

KVAC + Medera Deal Announced. IRAA Extension Vote. ACAB and RFAC Set Extension Votes. Merger Agreements for DECA, CCTS and ACAB Amendment. CLOE Vote Postponed (again).

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