SPAC Update – April 7

– KCGI announced a business combination with Arrival
– DUET terminated AnyTech365 deal
– APGB filed DEF14a to extend deadline to Feb 12 2024, vote Apr 28, NAV $10.26
– CLBR filed S-4 for PublicSq deal
– CNDB filed DEF14a to extend deadline to Nov 8 2023, vote May 4, NAV $10.44, trust account will not be used to cover potential excise tax
– HWKZ stockholders approved deadline extension to Dec 13 2023, 18.9 million shares (82.2%) redeemed, 4.0 million shares remain, NAV $10.138
– FSNB announced 45.5 million shares (91.0%) redeemed, 4.5 million shares remain, NAV $10.18
– SLAC filed PRE14a to extend deadline to Feb 17 2024, vote in May
– ADEX filed S-4/a for Griid Infrastructure deal
– IVCP filed PRER14a to extend deadline to Dec 15 2023
– NPAB filed PRE14a to extend deadline to May 9 2024, vote in May, trust account will not be used to cover potential excise tax
– ICNC filed DEF14a to extend deadline to July 26 2023 + 9 months, vote Apr 20, NAV $10.51
– TWOA stockholders approved deadline extension to Jan 1 2024, 16.4 million shares (76.5%) redeemed, 5.0 million shares remain, NAV $10.23, sponsor shares sold to Hennessy group
– CXAC stockholders approved deadline extension to Dec 31 2023, 19.5 million shares (67.7%) redeemed, 9.3 million shares remain, NAV $10.42
– BRLI filed DEF14a to extend deadline to July 23 2023, vote Apr 17, NAV $10.93
– ATAK extended deadline to May 9, added $135k to trust account
– DECA to extend deadline to July 11 2023, add $825k to trust account
– ADEX to extend deadline to May 14 2023, add $148k to trust account