SPAC Redemptions Continue to Trend Lower

by BA Research | 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.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

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.

Recent Analysis

Executive Moves Update – June 18, 2025

A summary of executive moves at U.S. public companies for the week including CEO and CFO changes at Kenvue, Liberty Broadband, Agilent, Dollar General, and Newmont, plus board updates at Synopsys, Moody’s, and Ingersoll Rand.

Daily SPAC Update – July 18, 2025

BSTR / Cantor Bitcoin Deal with Massive $1.5B PIPE. Nabors Engergy II and CSLM Shareholders Approve Extension. Wintergreen Announces Separate Trading.

Daily SPAC Update – July 17, 2025

Over $2B in July SPAC IPOs as Pyrophyte $175M Launches. Kochav Defense Separate Trading Announced. Eureka Revises Redemptions Down. New PLUM / Tactical Investor Deck.

Daily SPAC Update – July 16, 2025

GrabAGun DeSPAC to PEW PEWW. Integrated Rail & Resources Extends with No Redemptions. JENA Acquisition Separate Trading Announced. ASPAC II Looks for 2-Year Extension.

Daily SPAC Update – July 15, 2025

Trump’s GrabAGun Deal Vote Today. Silver Pegasus $100M SPAC IPO. Cyason Deal With Mango Financial Announced. Bannix DeSPACs to VisionWave Technologies Inc.

Subscribe to Boardroom Alpha Newsletters

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.