SPAC Update – February 26

– CHAA stockholders approved deadline extension to May 17 2024, 641k shares (29.0%) redeemed, 1.6 million shares remain, NAV $11.29
– ATEK filed DEF14a to extend deadline to Dec 14 2024, vote Mar 12, NAV $11.23, trust account will not be used to cover potential excise tax
– GMFI filed DEF14a to extend deadline to Dec 29 2024, vote Mar 5, NAV $11.01
– VHAQ filed PRER14a to extend deadline to Sept 30 2024, vote Mar 27
– IVCP filed PRE14a to extend deadline to June 17 2025, vote in Mar, NAV $10.92
– DSAQ filed PRE14a to extend deadline to Mar 28 2025
– GAQ extended deadline to Mar 23 2024, added $125k to trust account
– MNTN extension vote
– ADOC deal vote
– ARIZ redemption
– ENCP redemption

M&A Update – February 26

– MDC / Sekisui House filed PREM14a, filed HSR Jan 31, closing H1 2024
– TGAN / Renesas Electronics filed PREM14a, filed HSR Jan 25, closing H2 2024
– AMNB / AUB received Fed approval and Virginia State Corporation Commission, closing Apr 1
– ROVR / BX delisting notice, closing Feb 27
– RYZB / BMY delisting notice, closing Feb 26

SPAC Update – February 23

– MACA announced a business combination with Silexion
– LCAA / LOT deal closed
– WRAC to liquidate Mar 8
– KWAC stockholders approved deadline extension to Mar 15 2024
– MCAA filed DEF14a to extend deadline to Nov 9 2024, vote Mar 8, NAV $11.40
– TRON filed PRER14a to extend deadline to Dec 31 2024
– CCTS sponsor sold its shares, new management and board was appointed
– FHLT sponsor sold its shares to Blufire Capital
– ACBA extended deadline to Apr 8 2024, added $99k to trust account
– OCAX extended deadline to Mar 20 2024, add $90k to trust account
– AVHI extended deadline to Mar 19 2024, added $22k to trust account
– CNDB redemption
– MBTC redemption
– ARYD redemption
– GODN redemption

M&A Update – February 23

– RYZB / BMY tender successful
– SQNS / Renesas Electronics terminated tender offer due to adverse Japanese tax ruling
– CBAY / GILD launched tender offer, expires Mar 21
– CPE / APA cleared HSR, closing Apr 1
– PGTI / MITER Brands cleared HSR, closing “within a matter of weeks” of Mar 18 vote
– TGH shareholders approved Stonepeak buyout, all antitrust approval received, closing Mar 14
– DOC / PEAK delisting notice, closing Mar 1

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