SPAC Update – August 4

– HHGC announced a business combination with Perfect Hexagon Group Limited
– KRNL stockholders approved deadline extension to Feb 5 2024, 1.3 million shares (17.0%) redeemed, 6.3 million shares remain, NAV $10.42, deadline extended to Sept 5, added $150k to trust account
– HMAC stockholders approved Able View deal, 6.8 million shares (98.0%) redeemed, 133k shares remain
– AACI stockholders approved deadline extension to Feb 17 2024, 1.1 million shares (32.6%) redeemed, 2.4 million shares remain, NAV $10.56
– IMAQ stockholders approved deadline extension to Aug 2 2024, 63k shares (3.2%) redeemed, 1.9 million shares remain
– ZING filed DEF14a to extend deadline to Feb 23 2024, vote Aug 21, NAV $10.49
– YOTA filed PRE14a to extend deadline to Aug 22 2024
– TETE filed PREM14a for Super Apps deal
– ATAK filed S-4/a for DIH deal
– BYNO extension vote adjourned to Aug 10, increased proposed contributions to trust account, trust account will not be used to cover potential excise tax
– QFTA extension vote
– RMGC extension vote
– MTAC redemption
– IRRX redemption
– GBBK redemption
– BYNO redemption
– PLTN redemption