SPAC Daily: DWAC Circus Continues

by | Sep 8, 2022

It’s fitting that the Digital World Acquisition Corp. (DWAC), aka Trump SPAC, drama continues to roll on. After originally adjourning their planned Sept. 6th till today, the company then adjourned the vote two more times today first to noon and then out a month till October 10th.

It’s clear that DWAC wasn’t able to get the votes. What is unclear now is the mechanics behind an adjournment out to October. DWAC’s deadline is today, 9/8, and presumably they’ll have to deposit $2,875,000 into its trust account to continue. However, as we sometimes see in SPAC land, who knows? Will wait for more information.

Elsewhere in SPACs

  • Monterey Bio Acquisition Corp. (MTRY) filed for a 9 month extension (3mo, 6 1mo) to vote 9/29
  • After earlier announcing an MoU, Genesis Growth Tech Acquisition Corp. (GGAA) officially announced a definitive agreement with Biolog-id
  • Aester Healthcare Acquisition Corp. (AEHA) announced a $75M equity commitment from White Lion Capital

SPAC Calendar

Today’s Movers

Biggest Gainers

4.14% ~ $ 7.05 | CLAQ – cleantech Acquisition Corp. (Announced)
1.21% ~ $ 23.35 | DWAC – Digital World Acquisition Corp. (Announced)
1.00% ~ $ 10.08 | BCSA – Blockchain Coinvestors Acquisition Corp. I (Pre-Deal)
.88% ~ $ 10.29 | SPK – SPK Acquisition Corp. (Announced)
.73% ~ $ 10.12 | MBSC – M3-Brigade Acquisition III Corp. (Pre-Deal)
.70% ~ $ 10.05 | TRAQ – Trine II Acquisition Corp (Pre-Deal)
.65% ~ $ 7.72 | SLCR – Silver Crest Acquisition Corporation (Announced)
.61% ~ $ 9.84 | AMCI – AMCI Acquisition Corp. II (Announced)
.60% ~ $ 10.07 | RENE – Cartesian Growth Corp II (Pre-Deal)
.52% ~ $ 9.73 | PSPC – Post Holdings Partnering Corporation (Pre-Deal)
.47% ~ $ 10.59 | GRCY – Greencity Acquisition Corp (Pre-Deal)
.43% ~ $ 10.07 | EVGR – Evergreen Corp (Pre-Deal)
.41% ~ $ 9.75 | LOCC – Live Oak Crestview Climate Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.75 | CDAQ – Compass Digital Acquisition Corp. (Pre-Deal)
.41% ~ $ 10.05 | FLAG – First Light Acquisition Group, Inc. (Pre-Deal)
.40% ~ $ 9.95 | CIIG – CIIG Capital Partners II, Inc. (Pre-Deal)
.40% ~ $ 9.73 | CNDA – Concord Acquisition Corp II (Pre-Deal)
.40% ~ $ 10.00 | KNSW – KnightSwan Acquisiton Corp (Pre-Deal)
.40% ~ $ 10.05 | DPCS – DP Cap Acquisition Corp I (Pre-Deal)
.40% ~ $ 10.06 | LAAA – Lakeshore Acquisition I Corp. (Announced)

Biggest Losers

-16.67% ~ $ 7.40 | GPCO – Golden Path Acquisition Corporation (Announced)
-12.81% ~ $ 7.96 | CRHC – Cohn Robbins Holdings Corp. (Announced)
-4.66% ~ $ 12.27 | CFVI – CF Acquisition Corp. VI (Announced)
-1.27% ~ $ 10.10 | ONYX – Onyx Acquisition Co. I (Pre-Deal)
-.81% ~ $ 9.85 | KYCH – Keyarch Acquisition Corp (Pre-Deal)
-.70% ~ $ 9.93 | VMGA – VMG Consumer Acquisition Corp. (Pre-Deal)
-.70% ~ $ 9.94 | NPAB – New Providence Acquisition Corp. II (Pre-Deal)
-.59% ~ $ 10.07 | IVCA – Investcorp India Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.88 | EBAC – European Biotech Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.94 | JYAC – Jiya Acquisition Corp. (Pre-Deal)
-.44% ~ $ 10.10 | PCX – Parsec Capital Acquisitions Corp. (Pre-Deal)
-.40% ~ $ 9.97 | HORI – Emerging Markets Horizon Corp. (Pre-Deal)
-.40% ~ $ 10.04 | PBAX – Phoenix Biotech Acquisition Corp. (Pre-Deal)
-.40% ~ $ 10.06 | HCMA – HCM Acquisition Corp (Pre-Deal)
-.38% ~ $ 10.10 | AXAC – AXIOS Sustainable Growth Acquisition Corp (Pre-Deal)
-.38% ~ $ 10.09 | JMAC – Maxpro Capital Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.66 | BWC – Blue Whale Acquisition Corp I (Pre-Deal)
-.31% ~ $ 9.72 | NFYS – Enphys Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.80 | FRW – PWP Forward Acquisition Corp. I (Pre-Deal)
-.30% ~ $ 9.87 | CSLM – Consilium Acquisition Corp I, Ltd. (Pre-Deal)

<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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