SPAC Update – April 25

– IVCP announced a non-binding letter of intent with HDL Therapeutics
– SVNA to liquidate May 10, NAV $10.48
– TGVC extension vote postponed to May 4
– RONI / NET Power filed S-4/a, announced additional $275 million of PIPE commitments
– PTWO filed DEF14a to extend deadline to Feb 9 2024, vote May 5, NAV $10.41, trust account will not be used to cover potential excise tax
– HNRA filed DEF14a to extend deadline to Nov 15 2023, vote May 11, NAV $10.56, trust account will not be used to cover potential excise tax
– BLEU filed PRER14a to extend deadline to Aug 22 2023 + 9 months
– PGSS extended deadline to July 26 2023, added $720k to trust account
– FIAC extension vote adjourned to Apr 25
– DUET stockholders approved deadline extension to May 24 2023, 3.6 million shares (41.5%) redeemed, 5.0 million shares remain, NAV $10.38, $175k added to trust account
– JAQC stockholders approved deadline extension to Dec 17 2023, 14.3 million shares (90.6%) redeemed, 1.5 million shares remain, NAV $10.16
– KWAC filed PRE14a to extend deadline to Aug 24 2023, vote in May
– TLGY extended deadline to Junr 3 2023, added $200k to trust account
– VSAC extension vote postponed to May 1, trust account will not be used to cover potential excise tax
– PNAC filed DEF14a to extend deadline to Nov 17 2023, vote May 15, NAV $10.45
– GRCY extension vote
– LVAC extension vote
– FIAC extension vote
– PCCT redemption
– VSAC redemption
– TGVC redemption
– CLRC redemption
– AEAE redemption