SPAC Redemptions Continue to Trend Lower

by | Apr 21, 2022

An updated look at redemption trends for the month of April. Deadline extensions for FOXW and GRCY. And the rest of the day’s news in SPACs.

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Redemption Update for April

As we head into the third week of the month, SPAC redemptions continue their downward trend– averaging 78% thus far. That number is down from 85% in March. See our most recent market update here.

Source: Boardroom Alpha

Deadline Extension: FoxWayne Enterprises Acquisition Corp. (FOXW)

FoxWayne Enterprises Acquisition Corp. (FOXW) uses the second of its two extensions to buy three months out to July 28th. SPAC has $148k or $0.025 per share in trust, which should bring current NAV to ~$10.15.

Deadline Extension: Greencity Acquisition Corp. (GRCY)

Greencity Acquisition Corp. (GRCY) extends deadline to October 28, 2022. 78,050 shares redeemed (2%). $0.03 added to trust.

Elsewhere in SPACs

Upcoming Merger and Extension Votes

Source: Boardroom Alpha

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

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