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May 6, 2024
News From the Past Week

Deal News

  • Mountain Crest Acquisition Corp. V (MCAG) signed an LOI with CUBEBIO Co., Ltd., a Korea-based company with technology that diagnoses cancer at an early stage using urinalysis. The proposed transaction represents a pre-money equity value of $620mm. No deal timeline was given.

Deal Closings & Approvals

  • Pegasus Digital Mobility Acquisition Corp. (formerly PGSS) closed its acquisition of SCHMID Group on Tuesday 4/30/2024. Redemption statistics were not provided. Ordinary shares are now trading on the NASDAQ as “SHMD.”

  • LAMF Global Ventures Corp. I (formerly LGVC) closed its acquisition of Nuvo Group on Wednesday 5/1/2024 with less than 1% of shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “NUVO” and “NUVOW.”

  • CONX Corp. (formerly CONX) closed its acquisition of EchoStar Real Estate Holding LLC on Thursday 5/2/2024. The company plans to continue its growth through other tech and infrastructure acquisitions. The company then received a notice of delisting from the NASDAQ effective Monday 5/6/2024. CONX expects to request an appeal and has applied to trade OTC.

  • Plutonian Acquisition Corp. (PLTN) shareholders approved the company’s acquisition of Big Tree Cloud at a meeting Tuesday 4/30/2024 with less than 1% of public shares remaining. No closing timeline was given.

  • Bite Acquisition Corp. (BITE) shareholders approved the company’s acquisition of Above Food Corp. at a meeting Monday 4/29/2024 with less than 1% of public shares remaining. The transaction is expected to close as soon as practicable, subject to the approval of the shareholders of Above Food.
IPOs
Name Ticker Raised ($mm) Sector Cash in Trust Coverage
Churchill Capital IX CCIX 250 General 100.0% W/4

New S-1's
Name Ticker Size ($mm) Underwriter Trust Funding
DT Cloud Star DTSQ 60 AGP 100.0%

Liquidations
None.

Registrations Withdrawn
None.

Charter Extensions

  • PHYT extended its charter through 4/29/2025 with a monthly $90,000 ($0.014 per share) sponsor contribution to trust. Approximately 31% of public shares remain, representing $71mm in trust.
  • AQU extended its charter through 5/6/2025 with a monthly $20,000 ($0.025 per share) sponsor contribution to trust. Approximately 15% of public shares remain, representing $9mm in trust.
  • VSAC extended its charter through 11/3/2024 with a monthly $0.045 per share sponsor contribution to trust. Approximately 11% of public shares remain, representing $13mm in trust.
  • PEGR extended its charter through 8/2/2024 with a monthly $75,000 ($0.011 per share) sponsor contribution to trust. Approximately 25% of public shares remain, representing $72mm in trust.
  • CLRC extended its charter through 5/2/2025 with a monthly $50,000 ($0.02 per share) sponsor contribution to trust. Approximately 31% of public shares remain, representing $28mm in trust.

Upcoming Meetings and Deadlines

  • 5/7/2024 NPAB Charter extension meeting (liquidation deadline 5/9/2024)
  • 5/7/2024 MCAC Charter extension meeting (liquidation deadline 5/13/2024)
  • 5/7/2024 GBBK Charter extension meeting (liquidation deadline 5/12/2024)
  • 5/7/2024 SCRM Lionsgate Studios approval meeting
  • 5/7/2024 ALCC Oklo approval meeting
  • 5/8/2024 TGAA Liquidation deadline
  • 5/8/2024 FNVT Liquidation deadline
  • 5/9/2024 GGAAF MindMaze approval meeting
  • 5/9/2024 BCSA Charter extension meeting (liquidation deadline 5/15/2024)
  • 5/10/2024 BLAC Charter extension meeting (liquidation deadline 5/14/2024)
Disclosures: Site administrators may maintain positions in various SPAC securities and may trade in or out of those securities at any time without notice. Information from spacresearch.com is provided for informational purposes only and should not be relied upon as the basis for any investment decision. Nothing on spacresearch.com is a recommendation or solicitation to buy or sell any investment.
Copyright © 2024 SPAC Research, All rights reserved. SPAC Research is the source of all data unless otherwise noted.

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April 15, 2024
News From the Past Week

Deal News

  • JVSPAC Acquisition Corp. (JVSA) announced a deal to acquire Hotel101, a hotel prop-tech operator pioneering a globally standardized, asset-light "condotel" business model. Hotel101 is a subsidiary of Philippine-listed investment company DoubleDragon Corporation (PSE: DD). The deal reflects an equity value of $2.3bn and is expected to close in H2 2024.

  • Blockchain Coinvestors Acquisition Corp. I (BCSA) announced a deal to acquire Linqto, a global financial technology investment platform allowing accredited investors to identify, evaluate, and make liquid investments in the world's leading unicorns and private companies. The deal reflects an enterprise value of $700mm and is expected to close in 2H 2024.
IPOs
None.

New S-1's
Name Ticker Size ($mm) Underwriter Trust Funding Coverage
Mission Space MISN 100 B. Riley 101.0% W/2

Liquidations
Name Ticker Size ($mm) Announced Liq. Date Trust Per Share
RMG III RMGC 483 4/9/2024 4/22/2024 $10.00

Registrations Withdrawn
None.

Charter Extensions

  • CITE extended its charter through 1/7/2025 with a monthly $40,000 ($0.018 per share) sponsor contribution to trust. Approximately 10% of public shares remain, representing $25mm in trust.
  • ACAC extended its charter through 1/14/2025 with a monthly $50,000 ($0.028 per share) sponsor contribution to trust. Approximately 21% of public shares remain, representing $20mm in trust.
  • SCRM extended its charter through 6/15/2024 with no sponsor contribution to trust. Approximately 23% of public shares remain, representing $184mm in trust.
  • WAVS extended its charter through 7/11/2024 with a single $100 sponsor contribution to trust. Redemption statistics were not provided.

Upcoming Meetings and Deadlines

  • 4/15/2024 HUDA Charter extension meeting (liquidation deadline 4/18/2024)
  • 4/16/2024 AEAE Charter extension meeting (liquidation deadline 5/2/2024)
  • 4/16/2024 TLGY Charter extension meeting (liquidation deadline 5/3/2024)
  • 4/16/2024 GAQ Charter extension meeting
  • 4/17/2024 USCT Charter amendment meeting
  • 4/18/2024 FEXD Charter extension meeting (liquidation deadline 4/21/2024)
  • 4/18/2024 TRTL Charter extension meeting (liquidation deadline 4/22/2024)
Disclosures: Site administrators may maintain positions in various SPAC securities and may trade in or out of those securities at any time without notice. Information from spacresearch.com is provided for informational purposes only and should not be relied upon as the basis for any investment decision. Nothing on spacresearch.com is a recommendation or solicitation to buy or sell any investment.
Copyright © 2024 SPAC Research, All rights reserved. SPAC Research is the source of all data unless otherwise noted.

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March 4, 2024
News From the Past Week

Deal News

  • SK Growth Opportunities Corporation (SKGR) announced a deal to acquire Webull Corporation, a digital investment platform. The deal reflects an enterprise value of $7bn and is expected to close in 2H 2024.

  • Aetherium Acquisition Corp (GMFI) announced a deal to acquire Capital A International, a global brand management platform. The deal reflects an enterprise value of $1bn. No closing timeline was given.

  • Altitude Acquisition Corp. (ALTU) and Picard Medical agreed to terminate their business combination agreement, and ALTU announced a deal to acquire Vesicor Therapeutics, Inc., an early-stage biopharmaceutical company focused on the development of microvesicle-based therapeutics. The new deal includes $70mm in stock consideration. No closing timeline was given.

  • TG Venture Acquisition Corp. (TGVC) was notified that The Flexi Group has terminated its business combination agreement, citing the deal’s 5/5/2023 outside date.

  • Edify Acquisition Corp. (EAC) and Unique Logistics International agreed to terminate their business combination agreement.

Deal Closings & Approvals

  • Sizzle Acquisition Corp. (formerly SZZL) closed its acquisition of Critical Metals (European Lithium) on Tuesday 2/27/2024. Redemption statistics were not provided. Ordinary shares and warrants are now trading on the NASDAQ as “CRML” and “CRMLW.”.

  • Arisz Acquisition Corp. (formerly ARIZ) closed its acquisition of BitFuFu on Thursday 2/29/2024 with 1% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “FUFU” and “FUFUW.”

  • Energem Corp. (ENCP) shareholders approved the company’s acquisition of Graphjet Technology at a meeting Wednesday 2/28/2024. Redemption statistics were not provided. The transaction is expected to close on Wednesday 3/6/2024 with ordinary shares and warrants trading on the NASDAQ as “GTI” and “GTIWW” thereafter.

  • Concord Acquisition Corp III (CNDB) shareholders approved the company’s acquisition of GCT Semiconductor at a meeting Tuesday 2/27/2024. Redemption statistics were not provided and no closing timeline was given.

IPOs
None.

New S-1's
None.

Liquidations
Name Ticker Size ($mm) Announced Liq. Date Trust Per Share
Revelstone Capital RCAC 165 2/28/2024 TBD TBD

Registrations Withdrawn
None.

Charter Extensions

  • MNTN extended its charter through 8/28/2024 with a monthly $0.03 per share sponsor contribution to trust. Approximately 43% of public shares remain, representing $83mm in trust.
  • ARYD extended its charter through 3/2/2025 with no sponsor contribution to trust. Approximately 22% of public shares remain, representing $37mm in trust.
  • COOL extended its charter through 6/30/2024 with no sponsor contribution to trust. Approximately less than 1% of public shares remain, representing $4mm in trust.

Upcoming Meetings and Deadlines

  • 3/4/2024 NSTD Liquidation deadline
  • 3/4/2024 NSTC Liquidation deadline
  • 3/4/2024 GODN Liquidation deadline (pending optional $0.033 deposit extension)
  • 3/5/2024 ADOC Australian Oilseeds Investments approval meeting
  • 3/5/2024 GMFI Charter extension meeting
  • 3/5/2024 DHCA Brand Engagement Network (“BEN”) approval meeting
  • 3/5/2024 HCMA Murano approval meeting
  • 3/6/2024 ESAC Sunergy approval meeting
  • 3/6/2024 ROSS Charter extension meeting (liquidation deadline 3/16/2024)
  • 3/6/2024 KWAC Wentworth Management Services approval meeting (liquidation deadline 3/15/2024)
  • 3/6/2024 CHAA Crown LNG Holdings approval meeting (liquidation deadline 5/17/2024)
  • 3/7/2024 IRAA Charter extension meeting
  • 3/8/2024 MCAA Charter extension meeting (liquidation deadline 3/9/2024)
  • 3/8/2024 TRON Charter extension meeting (liquidation deadline 3/21/2024)
  • 3/8/2024 BNIX Charter extension meeting (liquidation deadline 3/14/2024)
  • 3/8/2024 RWOD ANEW Medical approval meeting
  • 3/8/2024 XPDB Montana Technologies approval meeting
Disclosures: Site administrators may maintain positions in various SPAC securities and may trade in or out of those securities at any time without notice. Information from spacresearch.com is provided for informational purposes only and should not be relied upon as the basis for any investment decision. Nothing on spacresearch.com is a recommendation or solicitation to buy or sell any investment.
Copyright © 2024 SPAC Research, All rights reserved. SPAC Research is the source of all data unless otherwise noted.

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February 12, 2024
News From the Past Week

Deal News

  • Slam Corp. (SLAM) announced a deal to acquire Lynk Global, Inc., a satellite telecom provider. The deal reflects a pre-money enterprise value of $800mm and is expected to close in 2H 2024.

  • Perception Capital Corp. III (PFTA) announced a deal to acquire RBio Energy, a newly-formed company based in Washington state with the intent to develop, acquire, and consolidate biorefinery, biogas, and biomass assets. The deal reflects an anticipated equity value of $350mm and is expected to close in Q2 2024.

Deal Closings & Approvals

  • Oxus Acquisition Corp. (formerly OXUS) closed its acquisition of Borealis Foods on Wednesday 2/7/2024 with less than 1% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “BRLS” and “BRLSW.”

  • Aurora Technology Acquisition Corp. (formerly ATAK) closed its acquisition of DIH Holding on Wednesday 2/7/2024 with 2% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “DHAI” and “DHAIW.”
IPOs
Name Ticker Raised ($mm) Sector Cash in Trust Coverage
Helix II HLXB 160 Healthcare 100.0% 0

New S-1's
Name Ticker Size ($mm) Underwriter Trust Funding Coverage
Black Hawk BKHA 60 EF Hutton 100.5% R/5

Liquidations
Name Ticker Size ($mm) Announced Liq. Date Trust Per Share
HH&L Acq. HHLA 414 2/7/2024 2/12/2024 $10.79
Frontier Investment. FICV 200 1/30/2024 TBD TBD

Registrations Withdrawn
Name Ticker Size ($mm) Underwriter Trust Funding Coverage
Arogo Capital. AOGO 104 EF Hutton 101.5% W

Charter Extensions

  • NFYS extended its charter through 6/8/2024 with a monthly $80,000 ($0.013 per share) sponsor contribution to trust. Approximately 18% of public shares remain, representing $67mm in trust.
  • ARIZ extended its charter through 11/22/2024 with a monthly $120,000 ($0.05 per share) sponsor contribution to trust. Approximately 34% of public shares remain, representing $26mm in trust.
  • JWSM extended its charter through 2/4/2025 with a monthly $25,000 ($0.018 per share) sponsor contribution to trust. Approximately 1% of public shares remain, representing $15mm in trust.
  • MAQC extended its charter through 8/7/2024 with a monthly $0.025 per share sponsor contribution to trust. Approximately 6% of public shares remain, representing $11mm in trust.
  • KRNL extended its charter through 8/5/2024 with no sponsor contribution to trust. Approximately 2% of public shares remain, representing $6mm in trust.
  • ARRW extended its charter through 8/6/2024 with no sponsor contribution to trust. Redemption statistics were not provided.
  • PUCK extended its charter through 8/10/2024 with no sponsor contribution to trust. Approximately 1% of public shares remain, representing $2mm in trust.
  • RMGC extended its charter through 8/9/2024 with no sponsor contribution to trust. Approximately 1% of public shares remain, representing $6mm in trust.
  • BLUA extended its charter through 5/2/2024 with a monthly $0.025 per share sponsor contribution to trust. Redemption statistics were not provided.

Upcoming Meetings and Deadlines

  • 2/12/2024 FLME Sable Offshore approval meeting
  • 2/12/2024 DPCS Liquidation deadline
  • 2/12/2024 LIBY Charter extension meeting
  • 2/12/2024 IRRX Charter extension meeting (liquidation deadline 2/15/2024)
  • 2/13/2024 AACI Charter extension meeting (liquidation deadline 2/17/2024)
  • 2/13/2024 WNNR Zapata AI approval meeting
  • 2/13/2024 RACY Charter extension meeting (liquidation deadline 2/15/2024)
  • 2/13/2024 PPYA Charter extension meeting (liquidation deadline 2/19/2024)
  • 2/13/2024 SLAC Charter extension meeting (liquidation deadline 2/17/2024)
  • 2/13/2024 BITE Charter extension meeting (liquidation deadline 2/17/2024)
  • 2/14/2024 CHAA Charter extension meeting (liquidation deadline 2/17/2024)
  • 2/14/2024 FTII Charter extension meeting (liquidation deadline 2/18/2024)
  • 2/15/2024 SZZL Critical Metals (European Lithium) approval meeting
  • 2/15/2024 ADRT Charter extension meeting (liquidation deadline 2/20/2024)
  • 2/15/2024 LBBB Nature's Miracle Inc. approval meeting
  • 2/15/2024 CBRG Liquidation deadline
  • 2/16/2024 ENCP Charter extension meeting (liquidation deadline 2/18/2024)
  • 2/16/2024 IFIN Charter extension meeting (liquidation deadline 2/23/2024)
  • 2/17/2024 CVII Liquidation deadline
Disclosures: Site administrators may maintain positions in various SPAC securities and may trade in or out of those securities at any time without notice. Information from spacresearch.com is provided for informational purposes only and should not be relied upon as the basis for any investment decision. Nothing on spacresearch.com is a recommendation or solicitation to buy or sell any investment.
Copyright © 2024 SPAC Research, All rights reserved. SPAC Research is the source of all data unless otherwise noted.

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