SPAC Update – March 7

– CCV announced letter of intent with Sustainable Living Innovations, to add $250k per month if deadline extension approved, trust account moved from cash to interest-bearing account, trust account will not be used to cover potential excise tax
– IVCB has signed a non-binding letter of intent with a target
– GGAA / Biolog-id terminated merger
– STRE to liquidate Mar 20, NAV $10.20
– FRSG to liquidate Mar 10, NAV $10.16
– LOKM to liquidate Mar 20, NAV $10.16
– NSTC stockholders approved deadline extension to Sept 4 2023, 36.0 million (90.0%) redeemed, 4.0 million shares remain
– NSTD stockholders approved deadline extension to Sept 4 2023, 35.8 million shares (89.5%) redeemed, 4.2 million shares remain
– GEEX stockholders approved deadline extension for 9 months, extended to Apr 7 2023, 13.6 million shares (68.2%) redeemed, NAV $10.43, added $140k to trust account
– FRXB stockholders approved deadline extension to Dec 12 2023, 30.5 million shares (87.2%) redeemed, 4.5 million shares remain, NAV $10.156
– GMFI filed DEF14a to extend deadline to Apr 3 2024, vote Mar 23, NAV $10.36
– HHLA extended deadline to Apr 9 2023, added $380k to trust account
– BRKH reaffirmed trust will not be used to cover potential excise tax, NAV $10.31
– WTMA filed PRER14a to extend deadline to Sept 30 2023, vote Mar 24, NAV $10.38, trust account will not be used to cover potential excise tax
– CXAC filed PRE14a to extend deadline to Dec 31 2023, trust account will not be used to cover potential excise tax
– ARRW stockholders approved deadline extension to July 6 2023 + 7 months, 24.3 million shares (84.5%) redeemed, 4.4 million shares remain, NAV $10.17
– ATAQ stockholders approved deadline extension to Sept 8 2023, 11.5 million shares (74.1%) redeemed, 4 million shares remain
– JWAC extended deadline to June 8, to add $0.10 to trust account
– PACLU pulled S-1
– NBST vote Mar 21, NAV $10.18, trust account will not be used to cover potential excise tax
– ALTU filed PRE14a to extend deadline
– FSNB stockholders approved deadline extension to Sept 2 2023
– BREZ filed DEF14a to extend deadline to Sept 26 2023, vote Mar 22, NAV $10.56
– FMIV extension vote
– LBBB redemption