SPACs Today: Monday, Dec 12

by | Dec 12, 2022

Chart of the Day

SPAC Liquidations continue to come at a record clip, with 37 officially occurring in December. Expect that number to rise as a contingent of SPACs have yet to hold their early liquidation votes.

Elsewhere Today in SPACs

  • Omnilit Acquisition Corp. (OLIT) became the latest SPAC to postpone its extension vote, pushing it out from 12/13 to 12/21. CTAQ and BLNG also recently postponed extension votes
  • Aurora Technology Acquisition Corp. (ATAK) signed an LOI with DIH Technology Ltd.
  • Newbury Street Acquisition Corporation (NBST) signed a definitive agreement with Infinite Reality
  • Venus Acquisition Corporation (VENA) finally closed its transaction and will now be known as MicroAlgo Inc. (MLGO) and begin trading 12/13
  • GigCapital5 (GIA) announced a definitive agreement, following an LOI a couple months ago, with QT Imaging
  • Primavera Capital Acquisition Corporation (PV) and Lanvin group announced shareholder approval and expected ticker change to LANV on 12/15
  • Americas Technology Acquisition Corp. (ATA) buried a late-Friday night deal termination announcement with Rally

SPAC Calendar

Today’s SPAC Movers

Biggest Gainers

4.96% ~ $ 10.80 | EDTX – EdtechX Holdings Acquisition Corp II (Announced)
3.51% ~ $ 10.62 | ARCK – Arbor Rapha Capital Bioholdings Corp. I (Pre-Deal)
1.93% ~ $ 10.06 | PV – Primavera Capital Acquisition Corporation (Announced)
1.71% ~ $ 10.23 | BLNG – Belong Acquisition Corp. (Pre-Deal)
1.10% ~ $ 10.15 | CTAQ – Carney Technology Acquisition Corp. II (Pre-Deal)
.81% ~ $ 9.99 | FLME – Flame Acquisition Corp. (Announced)
.71% ~ $ 9.90 | JAQC – Jupiter Acquisition Corporation (Pre-Deal)
.69% ~ $ 10.15 | BNIX – Bannix Acquisition Corp. (Pre-Deal)
.65% ~ $ 10.05 | MDH – MDH Acquisition Corp. (Pre-Deal)
.60% ~ $ 9.99 | PANA – Panacea Acquisition Corp. II (Pre-Deal)
.60% ~ $ 10.03 | BHAC – Crixus BH3 Acquisition Corp. (Pre-Deal)
.59% ~ $ 10.23 | PGSS – Pegasus Digital Mobility Acquisition Corp. (Pre-Deal)
.55% ~ $ 10.21 | POND – Angel Pond Holdings Corp (Announced)
.55% ~ $ 10.05 | PICC – Pivotal Investment Corporation III (Pre-Deal)
.50% ~ $ 10.13 | BYN – Banyan Acquisition Corp (Pre-Deal)
.49% ~ $ 10.20 | ROC – ROC Energy Acquisition Corp. (Pre-Deal)
.49% ~ $ 10.20 | GLTA – Galata Acquisition Corp (Announced)
.49% ~ $ 10.20 | PTWO – Pono Capital Two, Inc. (Pre-Deal)
.47% ~ $ 10.67 | BRLI – Brilliant Acquisition Corporation (Announced)
.44% ~ $ 10.29 | UPTD – TradeUP Acquisition Corp (Announced)

Biggest Losers

-9.16% ~ $ 7.39 | PAFO – Pacifico Acquisition Corp. (Announced)
-1.71% ~ $ 21.29 | DWAC – Digital World Acquisition Corp. (Announced)
-1.66% ~ $ 10.05 | OLIT – OmniLit Acquisition Corp. (Pre-Deal)
-1.49% ~ $ 9.90 | BITE – Bite Acquisition Corp. (Pre-Deal)
-1.27% ~ $ 10.14 | FXCO – Financial Strategies Acquisition Corp. (Pre-Deal)
-.79% ~ $ 10.01 | GDST – Goldenstone Acquisition Ltd. (Pre-Deal)
-.79% ~ $ 10.07 | GATE – Marblegate Acquisition Corp. (Pre-Deal)
-.69% ~ $ 10.14 | RONI – Rice Acquisition Corp. II (Pre-Deal)
-.50% ~ $ 9.97 | TCOA – Trajectory Alpha Acquisition Corp. (Pre-Deal)
-.49% ~ $ 10.15 | FEXD – Fintech Ecosystem Development Corp. (Announced)
-.40% ~ $ 10.01 | BLTS – Bright Lights Acquisition Corp. (Pre-Deal)
-.39% ~ $ 10.18 | FOXW – FoxWayne Enterprises Acquisition Corp. (Announced)
-.39% ~ $ 10.21 | APN – Apeiron Capital Investment Corp. (Pre-Deal)
-.39% ~ $ 10.24 | RNER – Mount Rainier Acquisition Corp. (Announced)
-.39% ~ $ 10.27 | AFAC – Arena Fortify Acquisition Corp. (Pre-Deal)
-.39% ~ $ 10.05 | ADER – 26 Capital Acquisition Corp (Announced)
-.30% ~ $ 9.95 | OSI – Osiris Acquisition Corp. (Pre-Deal)
-.30% ~ $ 9.99 | RFAC – RF Acquisition Corp. (Pre-Deal)
-.30% ~ $ 10.04 | CONX – CONX Corp (Pre-Deal)
-.30% ~ $ 10.04 | AFAQ – AF Acquisition Corp. (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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