SPAC Update – May 5

– ALCYU $100 million IPO
– CVII announced a letter of intent with a “diversified compounder”, trust account funds transitioned from cash to an interest-bearing account earning 4.7%, will add $1 million to trust each month after vote
– BNNR to liquidate May 16 2023, NAV $10.27
– XPAX / SuperBac deal terminated
– ROCL filed DEF14a to extend deadline to Dec 4 2023, vote May 17, NAV $10.38
– ATEK filed PRE14a to extend deadline to Jan 14 2024, trust account will not be used to cover potential excise tax
– SCUA filed PRER14a to extend deadline to June 13 2024
– SHAP filed PRE14a to extend deadline to Sept 20 2023
– LIBY extended deadline to June 8 2023, added $150k to trust account
– WEL filed DEF14a to extend deadline to Dec 13 2023, vote June 2, NAV $10.60
– PTWO extension vote to be adjourned to May 8
– NPAB extension vote
– MAQC extension vote
– RCFA redemption
– HHLA redemption
– EVGR redemption