SPAC Update – April 24

– ALTU announced a business combination with SynCardia
– GRCY announced a non-binding letter of intent with Bopai
– SKYA to liquidate May 21 2023, NAV $10.27
– BRIV to liquidate May 4 2023, NAV $10.15
– VLAT to liquidate May 4 2023, NAV $10.27
– FIAC announced 18.1 million shares (78.3%) redeemed
– SLAC / W3BCLOUD revised valuation from $1.25 billion to $700 million, filed PRE14a to extend deadline to Feb 17 2024, vote in May
– BYN stockholders approved deadline extension to Dec 24 2023, 20.2 million shares (83.4%) redeemed, 4.0 million shares remain, NAV $10.42
– HCMA stockholders approved deadline extension to May 25 2023 + 8 months, 24.7 million shares (85.8%) redeemed, 4.1 million shares remain
– LIBY stockholders approved deadline extension to Feb 8 2024, 7.7 million shares (67.0%) redeemed, 3.8 million shares remain, NAV $10.58
– EGGF filed DEF14a to extend deadline to Dec 28 2023, vote May 12, NAV $10.24, will not use trust account to cover potential excise tax
– MAQC filed DEF14a to extend deadline to Feb 7 2024, vote May 5
– ROC filed S/4-a for Drilling Tools International deal, NAV $10.52
– GSRM filed PRE14a to extend deadline to June 15 2023 + 6 months, trust account will not be used to cover potential excise tax
– DPCS filed DEF14a to extend deadline to Nov 12 2023 + 3 months, vote May 10, NAV $10.50
– PWUP filed DEF14a to extend deadline to May 23 2024, vote May 18, NAV $10.51
– CSLM filed PRE14a to extend deadline to Apr 18 2024, vote in May
– CMCA filed PRE14a to extend deadline
– ERES filed PRER14a for Abacus Life deal
– WEL filed PRE14a to extend deadline to Dec 13 2023
– MTAC filed S-4/a for TriSalus Life Sciences deal, NAV $10.24
– PACI filed DEF14a to extend deadline to Dec 3 2023, vote May 19, NAV $10.45, trust account will not be used to cover potential excise tax
– HHGC extended deadline to May 23 2023, added $0.0333 to trust account
– AXAC filed PRE14a to extend deadline to Nov 18 2023, vote May 15
– SAGA extended deadline to May 23 2023, added $57k to trust account
– FIAC extension vote
– PHYT extension vote
– BWAQ redemption
– PGRW redemption