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.
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.
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
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