SPAC Update – March 15

– XPDB / AIRJ deal closed
– ENCP / GTI deal closed
– DHCA / BNAI deal closed
– XPDB stockholders approved Montana Technologies deal, 10.4 million shares (97.9%) redeemed, 226k shares remain, AIRJ deal closed
– PORT stockholders approved deadline extension to Dec 14 2024, 3.0 million shares (72.0%) redeemed, 1.2 million shares remain, NAV $10.88
– NSTD filed DEF14a to distribute trust cash and convert into a SPARC, vote Mar 26
– NSTC filed DEF14a to distribute trust cash and convert into a SPARC, vote Mar 26
– FLFV filed S-4/a for Thunder Power deal
– ACBA filed PRER14a to extend deadline to Oct 8 2024
– GAQ filed PRE14a to extend deadline to July 23 2025
– EMCG extended deadline to Apr 12 2024, added $100k to trust account
– WINV extended deadline to Apr 17 2024, added $55k to trust account
– ARRW deal vote
– TMTC redemption