SPAC Update – July 4

– ARVL / KCGI deal terminated
– MEOA to liquidate July 3, NAV $10.91
– HYAC/U filed S-1 for $200 million IPO
– DWAC / Trump Media & Technology Group entered Settlement in Principle with the SEC, agreed to $18 million fine
– PBAX extension vote postponed to July 7
– ROSE stockholders approved deadline extension to Jan 18 2024, 1 share (0.0%) redeemed, 257k shares remain
– BWAQ stockholders approved deadline extension to Apr 2 2024, 2.7 million shares (41.7%) redeemed, 3.8 million shares remain, added $60k to trust account to extend deadline to Aug 2 2023
– GATE stockholders approved deadline extension to Jan 5 2024, 244k shares (24.4%) redeemed, 766k shares remain, NAV $10.29
– AQU stockholders approved deadline extension to May 6 2024, 2.5 million shares (45.0%) redeemed, 2.9 million shares remain, $210k added to trust account to extend to Oct 6 2023
– OPA filed DEF14a to extend deadline to Jan 25 2024, vote July 24, NAV $10.43
– MPRA extended deadline to Aug 8 2023, added $135k to trust account
– ARYD extended deadline to Aug 2 2023, added $140k to trust account
– ADEX announced trust account will not be used to cover potential excise tax