Daily SPAC Update – September 6, 2024

by | Sep 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.

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Daily SPAC Update

NEW SPAC IPOs
Sep 06: VCIC – Vine Hill Capital Investment Corp. $200M IPO
Sep 06: POLE – Andretti Acquisition Corp. Ii $200M IPO

SPAC VOTE RESULTS
PPHP – PHP VENTURES ACQUISITION CORP * Extend to Aug 16, 2025 * 770,725 redeemed

SPAC DEALS ANNOUNCED
Sep 06 | CDAQ – Compass Digital Acquisition Corp * + EEW Renewables Ltd
Sep 05 | KVAC – Keen Vision Acquisition Corp * + Medera Inc.
Sep 05 | EVGR – Evergreen Corp * + Forekast Limited

SPAC DEAL & EXTENSION VOTES SET
XFIN – Excelfin Acquisition Corp * DEAL VOTE SET: Sep 26, 2024 * trust $10.98

OTHER SPAC NEWS
MARX – MARS ACQUISITION CORP * Investor Deck
RRAC – RIGEL RESOURCE ACQUISITION CORP * Investor Deck
DECA – DENALI CAPITAL ACQUISITION CORP * Merger Agreement
KVAC – KEEN VISION ACQUISITION CORP * Merger Agreement
JVSA – JVSPAC ACQUISITION CORP * Merger Agreement Amendment

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
3.60% ~ $ 11.21 | ACAC – Acri Capital Acquisition Corp (Announced)
1.19% ~ $ 9.33 | PTWO – Pono Capital Two, Inc. (Announced)
1.17% ~ $ 11.20 | MCAG – Mountain Crest Acquisition Corp. V (Announced)
.90% ~ $ 11.25 | BNIX – Bannix Acquisition Corp. (Pre-Deal)
.83% ~ $ 10.97 | NBST – Newbury Street Acquisition Corporation (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.40% ~ $ 11.01 | QOMO – Qomolangma Acquisition Corp. (Pre-Deal)
-3.35% ~ $ 11.68 | CLOE – Clover Leaf Capital Corp. (Announced)
-3.03% ~ $ 12.50 | ADRT – Ault Disruptive Technologies Corp (Pre-Deal)
-1.26% ~ $ 10.95 | GATE – Marblegate Acquisition Corp. (Announced)
-.86% ~ $ 11.50 | TRON – Corner Growth Acquisition Corp. 2 (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Aug 29 | $ 9.94 | GIG – GigCapital7 Corp.
Aug 28 | $ 9.96 | BSII – Black Spade Acquisition II Co
Aug 16 | $ 9.99 | HOND – HCM II Acquisition Corp.
Aug 16 | $ 10.02 | SBXD – SilverBox Corp IV
Aug 09 | $ 9.99 | VACH – Voyager Acquisition Corp

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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