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)

Recent Analysis

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.