Daily SPAC Update – September 5, 2024

by | Sep 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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Daily SPAC Update

SPAC DEALS ANNOUNCED
Sep 05 | KVAC – Keen Vision Acquisition Corp * + Medera Inc.
Sep 03 | DECA – Denali Capital Acquisition Corp * + Semnur Pharmaceuticals, Inc.

EXTENSION VOTES
IRAA – IRIS ACQUISITION CORP * vote Sept 5, 2024 -> extend to December 31, 2024

SPAC DEAL & EXTENSION VOTES SET
ACAB – Atlantic Coastal Acquisition Corp Ii * EXTENSION VOTE SET: Nov 19, 2024 * trust $11.27
RFAC – Rf Acquisition Corp * EXTENSION VOTE SET: Sep 23, 2024 * trust $11.27

OTHER SPAC NEWS
DECA – DENALI CAPITAL ACQUISITION CORP * Merger Agreement
CCTS – CACTUS ACQUISITION CORP 1 LTD * Merger Agreement
ACAB – ATLANTIC COASTAL ACQUISITION CORP II * Merger Agreement Amendment
CLOE – CLOVER LEAF CAPITAL CORP * Vote Postponed

DeSPACs
IFIN -> CURR on Sep 03

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

YESTERDAY’S TOP SPAC GAINERS
5.76% ~ $ 13.22 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
3.12% ~ $ 12.89 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
2.59% ~ $ 11.11 | PFTA – Portage Fintech Acquisition Corp. (Announced)
2.03% ~ $ 11.07 | MCAG – Mountain Crest Acquisition Corp. V (Announced)

YESTERDAY’S TOP SPAC LOSERS
-13.10% ~ $ 9.22 | PTWO – Pono Capital Two, Inc. (Announced)
-11.31% ~ $ 10.82 | ACAC – Acri Capital Acquisition Corp (Announced)
-5.86% ~ $ 11.65 | ALSA – Alpha Star Acquisition Corp (Pre-Deal)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-1.57% ~ $ 11.32 | BRAC – Broad Capital Acquisition Corp (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 29 | $ 9.94 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.96 | BSII – Black Spade Acquisition II Co
Aug 16 | $ 10.00 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.03 | SBXD – SilverBox Corp IV
Aug 09 | $ 9.98 | VACH – Voyager Acquisition Corp
Aug 06 | $ 9.95 | EQV – EQV Ventures Acquisition Corp.

Recent Analysis

Daily SPAC Update – December 10, 2024

Jackson Acquisition II $200M IPO (Jackson I Liquidated). APXI Shareholders Approve Extension w/ 5M Redemptions. HCVI Merger Amendment. SLAMF Vote Adjourned and IVCB Vote Postponed. 

Daily SPAC Update – December 9, 2024

TCHP + Coincheck Deal Approved. GLLI, INAQ, ESHA Shareholders Approve Extensions. DP Cap Acquisition  (DPCS) Dismisses Accountant. SLAM and BRKH Extension Votes.

Daily SPAC Update – December 4, 2024

Global Star (GLST) Extension Approved. APXI Extension Vote Today. ATMC Updates Trust Numbers. LATG Deal Vote Set for Dec 23. ATMV, SHAP, TRON, INAQ Set Extension Votes.

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