SPAC Update – Oct 27

– AMAN announced a business combination with Corxel Pharmaceuticals
– SCQCU $150 million IPO
– OACC stockholders approved deadline extension to May 25 2027, 11.3 million shares redeemed, 7.9 million shares remain, NAV $10.805
– BEAG stockholders approved deadline extension to June 25 2027, 15.4 million shares redeemed, 1.4 million shares remain, NAV $10.70
– GPAT filed DEF14a to extend deadline to May 8 2027, vote Nov 12, NAV $11.07
– DRDB filed PRE14a to extend deadline
– GTERA filed DEF14a to extend deadline to July 9 2027, vote Nov 9, NAV $10.48
– COPL redemption
– SVCC redemption

M&A Update – Oct 26

– SGRY to be acquired by HealthSpan Partners for $23.50 cash per share, 49.2% premium, $5.7 billion
– RRC to be acquired by EQT for 0.987x shares, 20.5% premium, $13.8 billion
– LGN.to to be acquired by OVV.to for $1.40 cash per share + spinco, 7.7% premium, $1.26 billion
– HLF.to to be acquired by Umios Corporation for $27.00 cash per share, 79.0% premium, $1.25 billion
– WEAV / Francisco Partners deal closed
– NATH shareholders approved SFD merger, updated delisting notice, closing Oct 26
– VAL / RIG expected close Dec 1
– MG / H.I.G. Capital cleared HSR
– LXP vote

SPAC Update – Oct 26

– GIX entered into a non-binding LOI with a leading clean energy technology company
– BACC filed DEFM14a for Blockfusion deal, vote Nov 17, NAV $10.52
– ALCYF filed S-4 for Cartiga deal
– NTWO redemption

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