SPAC Daily: SCVX Throws in the Towel

by | Jul 27, 2022

SCVX Corporation (SCVCX) was set to vote today on an extension of its SPAC deadline to give them more time to find a deal partner. The terms were for 9 months though they, interestingly, were not providing any compensation (addition to its trust) in order to get the extension. The result? The SPAC is going to liquidate instead.

With SPAC yields still elevated and deals scarce to come by, a simple time value of money lesson would tell you that common shareholders would not stick around for that. The liquidation train is definitely coming…

Recent SPACs to Liquidate

Source: Boardroom Alpha

Elsewhere in SPACs

  • Healthcare Sciences Acquisition Corp. (HSAQ) extension was approved to 11/6/2022. No word on redemptions
  • Software Acquisition Corp. II (SWAG) set a 8/22 vote date for its Nogin deal.
  • Maquia Capital Acquisition Corp. (MAQC) confirmed that it added $0.10 to its trust to extend the SPAC for 3 more months until November. They have no more sponsor exemptions left
  • Waldencast Acquisition Corp. (WALD) announced that its Obagi Skincare & Milk Makeup deal officially closed. The combined company, Waldencast plc, is expected to begin trading on Nasdaq under the ticker WALD tomorrow
  • Duddell Street Acquisition Corp. (DSAC) and FiscalNote deal was approved by shareholders. It is expected to close on Friday and trade as NOTE on Monday Aug-1.

Upcoming SPAC Calendar

Full calendar and SPAC database access here

Today’s SPAC Market Movers

Biggest SPAC Gainers

11.53% ~ $ 10.25 | NLIT – Northern Lights Acquisition Corp. (Announced)
4.37% ~ $ 10.75 | BCAC – Brookline Capital Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.90 | RCAC – Revelstone Capital Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.91 | VBOC – Viscogliosi Brothers Acquisition Corp (Pre-Deal)
.60% ~ $ 10.06 | HNRA – HNR Acquisition Corp (Pre-Deal)
.56% ~ $ 9.95 | ZING – FTAC Zeus Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.72 | NFYS – Enphys Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.75 | IPAX – Inflection Point Acquisition Corp. (Pre-Deal)
.50% ~ $ 10.07 | NETC – Nabors Energy Transition Corp. (Pre-Deal)
.49% ~ $ 10.26 | FST – FAST ACQ CP (Pre-Deal)
.45% ~ $ 10.10 | SWAG – Software Acquisition Group Inc. III (Announced)
.41% ~ $ 9.86 | EBAC – European Biotech Acquisition Corp. (Pre-Deal)
.40% ~ $ 9.92 | MCAC – Monterey Capital Acquisition Corp (Pre-Deal)
.40% ~ $ 9.97 | DRAY – Macondray Capital Acquisition Corp. I (Pre-Deal)
.40% ~ $ 9.98 | RCFA – RCF Acquisition Corp. (Pre-Deal)
.40% ~ $ 10.02 | LIVB – LIV Capital Acquisition Corp. II (Pre-Deal)
.40% ~ $ 10.05 | ASPC – Alpha Capital Acquisition Company (Announced)
.36% ~ $ 30.28 | DWAC – Digital World Acquisition Corp. (Announced)
.36% ~ $ 9.83 | SCAQ – Stratim Cloud Acquisition Corp. (Pre-Deal)
.31% ~ $ 9.66 | DSAC – Duddell Street Acquisition Corp (Announced)

Biggest SPAC Losers

-2.64% ~ $ 9.57 | CHWA – CHW Acquisition Corp (Announced)
-2.14% ~ $ 10.07 | TRON – Corner Growth Acquisition Corp. 2 (Pre-Deal)
-1.46% ~ $ 10.10 | NOVV – Nova Vision Acquisition Corp (Pre-Deal)
-1.05% ~ $ 9.92 | HSAQ – Health Sciences Acquisitions Corporation 2 (Announced)
-.71% ~ $ 9.76 | CCAI – Cascadia Acquisition Corp. (Pre-Deal)
-.60% ~ $ 9.93 | CFFS – CF Acquisition Corp. VII (Pre-Deal)
-.49% ~ $ 10.20 | ACEV – ACE Convergence Acquisition Corp (Announced)
-.40% ~ $ 9.91 | MEKA – MELI Kaszek Pioneer Corp (Pre-Deal)
-.40% ~ $ 9.95 | JUN – Juniper II Corp. (Pre-Deal)
-.40% ~ $ 9.98 | PHYT – Pyrophyte Acquisition Corp. (Pre-Deal)
-.40% ~ $ 10.06 | LJAQ – LIGHTJUMP ACQUISITION CORPORATION (Announced)
-.30% ~ $ 9.85 | CLAA – Colonnade Acquisition Corp. II (Pre-Deal)
-.30% ~ $ 9.89 | FCAX – Fortress Capital Acquisition Corp (Pre-Deal)
-.30% ~ $ 9.96 | SUAC – ShoulderUP Technology Acquisition Corp. (Pre-Deal)
-.30% ~ $ 9.97 | BCSA – Blockchain Coinvestors Acquisition Corp. I (Pre-Deal)
-.30% ~ $ 9.99 | SCMA – Seaport Calibre Materials Acquisition Corp. (Pre-Deal)
-.30% ~ $ 10.07 | VMCA – Valuence Merger Corp. I (Pre-Deal)
-.29% ~ $ 10.23 | FOXW – FoxWayne Enterprises Acquisition Corp. (Pre-Deal)
-.26% ~ $ 9.77 | GFGD – Growth for Good Acquisition Corp (Pre-Deal)
-.25% ~ $ 9.79 | KVSA – Khosla Ventures Acquisition Co (Pre-Deal)

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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