SPAC Update – October 12

– DWAC / Trump Media announced cancellation of PIPE investment to $533 million (down from $1 billion), continue discussions to terminate remaining PIPE
– ALCC announced 20.8 million shares (41.7%) redeemed, 29.2 million shares remain, NAV $10.36
– PCCT / Spectaire announced $3.5 million PIPE
– LCW stockholders approved deadline extension to Oct 13 2024, no redemption figures given
– DECA stockholders approved deadline extension to July 11 2024, 3.7 million shares (44.9%) redeemed, 4.5 million shares remain, NAV $10.92
– TGVC filed DEF14a to extend deadline to May 5 2024, vote Oct 27, NAV $10.97
– SAGA filed PRE14a to extend deadline to Nov 23 2024, vote in Nov
– HNRA filed PRER14a for Pogo Resources deal, NAV $10.62
– KACL extended deadline to Nov 16 2023, added $120k to trust account
– LBBB extended deadline to Nov 11 2023, added $80k to trust account
– FATP extended deadline to Nov 15 2023, added $24k to trust account
– VCXA extended deadline to Nov 13 2023
– LHC adjourned extension vote to Oct 12
– TRCA deal vote
– VCXB extension vote