SPAC Daily: 2 DAs to Kick off Tuesday

by | Nov 1, 2022

A hot* Tuesday morning in SPAC land as two companies hit the tape with new DAs.

  • Breeze Holdings Acquisition Corp. (BREZ) is taking its second stab at a SPAC target in announcing a $1.2B EV deal for ammunition manufacturing company TV Ammo. The combined company will be renamed True Velocity upon completion
  • Welsbach Technology Metals Acquisition Corp. (WTMA) is taking WaveTech Group Inc. public at a $228M valuation.

Announced deal M&A has actually been quite elevated relative to the last 6-8 months with nearly 30 deals announced in October. Quality assessments aside, certain sponsors are still going to gun for SPAC targets rather than throwing in the towel.

Source: Boardroom Alpha

Keep an eye out for our October SPAC review! Name of the game? 30 SPACs are tapping out early and gunning to get their end dates into 2022, and avoid some tax.

SPAC Calendar

After a wave of DeSPAC trades brought back the low-float mania last week, there aren’t as many merger votes on the immediate horizon. Yet there are a handful mixed in against the multitude of extension votes.

Yesterday’s Movers

Biggest Gainers

14.46% ~ $ 11.40 | IGNY – Ignyte Acquisition Corp. (Announced)
13.08% ~ $ 10.29 | VENA – Venus Acquisition Corporation (Announced)
2.12% ~ $ 6.75 | AHPA – Avista Public Acquisition Corp. II (Announced)
1.71% ~ $ 10.12 | LGTO – LEGATO MERGER CORP. II (Announced)
.84% ~ $ 10.21 | KNSW – KnightSwan Acquisiton Corp (Pre-Deal)
.81% ~ $ 10.00 | DNZ – D and Z Media Acquisition Corp. (Pre-Deal)
.81% ~ $ 10.00 | SSAA – Science Strategic Acquisition Corp. Alpha (Pre-Deal)
.81% ~ $ 10.00 | OEPW – One Equity Partners Open Water I Corp. (Pre-Deal)
.74% ~ $ 10.23 | IMAQ – International Media Acquisition Corp. (Announced)
.71% ~ $ 9.99 | VBOC – Viscogliosi Brothers Acquisition Corp (Pre-Deal)
.70% ~ $ 10.00 | CLRM – Clarim Acquisition Corp. (Pre-Deal)
.70% ~ $ 10.11 | SHAP – Spree Acquisition Corp. 1 Ltd (Announced)
.66% ~ $ 10.67 | GRCY – Greencity Acquisition Corp (Pre-Deal)
.61% ~ $ 9.88 | IPVF – InterPrivate III Financial Partners Inc. (Announced)
.60% ~ $ 10.00 | VTIQ – VectoIQ Acquisition Corp. II (Pre-Deal)
.60% ~ $ 10.07 | BRD – Beard Energy Transition Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.94 | DNAD – Social Capital Suvretta Holdings Corp. IV (Pre-Deal)
.50% ~ $ 9.98 | RCAC – Revelstone Capital Acquisition Corp. (Pre-Deal)
.50% ~ $ 10.01 | FSSI – Fortistar Sustainable Solutions Corp. (Pre-Deal)
.50% ~ $ 10.06 | ASCB – A SPAC II Acquisition Corp. (Pre-Deal)

Biggest Losers

-2.05% ~ $ 16.72 | DWAC – Digital World Acquisition Corp. (Announced)
-1.69% ~ $ 9.88 | HPX – HPX Corp (Announced)
-.94% ~ $ 10.50 | HHGC – HHG Capital Corporation (Pre-Deal)
-.90% ~ $ 9.88 | EUCR – Eucrates Biomedical Acquisition Corp (Pre-Deal)
-.88% ~ $ 10.16 | GSD – Global System Dynamics, Inc. (Pre-Deal)
-.87% ~ $ 10.20 | AXH – Industrial Human Capital, Inc. (Pre-Deal)
-.61% ~ $ 9.73 | JAQC – Jupiter Acquisition Corporation (Pre-Deal)
-.61% ~ $ 9.79 | NFYS – Enphys Acquisition Corp. (Pre-Deal)
-.60% ~ $ 9.87 | APGB – Apollo Strategic Growth Capital II (Pre-Deal)
-.55% ~ $ 10.88 | CLOE – Clover Leaf Capital Corp. (Pre-Deal)
-.51% ~ $ 9.75 | CNDA – Concord Acquisition Corp II (Pre-Deal)
-.40% ~ $ 9.85 | YTPG – TPG Pace Beneficial II Corp. (Pre-Deal)
-.40% ~ $ 10.00 | BYNO – byNordic Acquisition Corporation (Pre-Deal)
-.40% ~ $ 10.02 | PACI – PROOF Acquisition Corp I (Pre-Deal)
-.40% ~ $ 10.02 | PGRW – Progress Acquisition Corp. (Pre-Deal)
-.40% ~ $ 10.05 | PPYA – Papaya Growth Opportunity Corp. I (Pre-Deal)
-.40% ~ $ 10.06 | PRLH – Pearl Holdings Acquisition Corp (Pre-Deal)
-.39% ~ $ 10.12 | IVCA – Investcorp India Acquisition Corp. (Pre-Deal)
-.39% ~ $ 10.15 | BMAQ – Blockchain Moon Acquisition Corp. (Announced)
-.39% ~ $ 10.19 | CITE – Cartica Acquisition Corp (Pre-Deal)

Recent Analysis

Daily SPAC: VACI-NorthStar, AIIR – May 18, 2026

Viking Acquisition Corp I (VACI) amended its NorthStar merger agreement, revising redemption timing and closing steps and clarifying tax treatment. Separately, CAEP completed its Air DeSPAC as AIIR. May MTD reached 11 SPAC IPOs / $1,775M through 18 days vs. 6 / $785M over the same span last month.

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.

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