M&A Update – May 15
– SLNO tender expires
– SLNO tender expires
– DYNC collected $50 million break fee Apr 10
– IDIAU $200 million IPO
– YICCU filed S-1 for $200 million IPO
– IRHO filed S-4 for Electra Vehicles deal
– MLAC filed DEFM14a for Avalanche Treasury deal, vote June 4, NAV $10.62
– MYXXU split
– BSAA redemption
– VROY.to to be acquired by ELE.to for $4.13 cash per share (subject to proration) or 0.15x shares, 24.4% premium, $327 million
– TWO / CrossCountry adds pro-rated dividend to provide additional cash value of up to $0.34 per share
– APLS / BIIB deal closed
– TPH / Sumitomo Forestry deal closed
– SNCY / ALGT deal closed
– SLNO / NBIX filed delisting notice, closing May 18
– GSRVU $200 million IPO
– PTACU $200 million IPO
– IRAB / Freedom Metals LOI terminated
– CAEP stockholders approved AIR deal, 22.4 million shares (81.0%) redeemed, 5.2 million shares remain, NAV $10.45
– MBAV filed DEFM14a for ReserveOne deal, vote June 15, NAV $10.74
– SVAC filed F-4/a for General Fusion deal
– BCAR filed S-4 for Exascale Labs deal
– GPAT stockholders approved deadline extension to Nov 13 2026, 19.8 million shares redeemed, 9.0 million shares remain, NAV $10.89
– SIMA stockholders approved deadline extension to July 12 2027, 22.4 million shares redeemed, 553k shares remain, NAV $10.79
– BSAA redemption

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