SPAC Update – December 16

– CCV entered LOI, extended deadline to Mar 18 2023, moved trust account to cash and will not accrue interest
– DWAC two directors and CFO resigned
– ACAQ adjourned vote to Dec 21, sponsor to cover excise tax
– DTRT stockholders approved deadline extensions to Mar 7 2023, 19.8 million shares (86.0%) redeemed, 3.2 million shares remain, NAV $10.28
– TRON extended tender to Dec 30, 7.1 million shares (95.7%) tendered, max redemption condition not satisfied
– APN bumped trust contribution from $0.05 to $0.055, sponsor will cover excise tax, will invest trust funds in interest-bearing accounts
– AFAQ adjourned vote to Dec 19
– PACX to liquidate Jan 13 2023, NAV $10.10
– HCAR to liquidate Dec 22, NAV $10.11
– FHLT stockholders approved deadline extension to Dec 31 2023, 18.4 million shares (92.0%) redeemed, 1.6 million shares remain, NAV $10.14
– GTPB liquidated at $10.02
– GTPA liquidated at $10.00
– GSEV liquidated at $10.01
– BRAC filed PRE14a to extend deadline to Oct 13 2023, NAV $10.23
– GHAC to liquidate Dec 20, NAV $10.10
– LDHA CEO and CFO resigned
– MACA filed PRE14a to extend deadline to Aug 19 2023, no meeting date set
– ATEK vote adjourned to Dec 21
– BRKH trust account will not be used to cover excise tax
– FIAC will not proceed with extension if trust account holds less than $100 million after redemption, will not use trust account to cover excise tax, NAV $10.315
– COVA stockholders approved ECARX deal, 29.4 million shares (97.9%) redeemed, 620k shares remain
– DPACU pulled S-1
– TMKR stockholders approved deadline extension to July 12 2023, 24.7 million shares (89.4%) redeemed, 3 million shares remains, NAV $10.20, will continue to accrue interest on cash
– PV / LANV deal closed
– SAGA vote adjourned to Dec 22, sponsor will cover potential excise tax
– TSPQ to liquidate Dec 19, NAV $10.03
– OSI stockholders approved deadline extension to May 18 2024, 17.8 million shares (77.5%) redeemed, 5.2 million shares remain, NAV $10.08
– FLAG extended deadline to Mar 14 2023, added $416k to trust account
– OLIT will not use trust account or accrued interest to cover excise tax, will maintain trust in interest-bearing securities
– SPGS to liquidate at $10.00 Dec 21, redeemers got $10.10
– IPVI & IPVF confirmed the trust and accrued interest will not be used to cover excise tax, after 24 month mark will transition trust account to interest bearing bank account earning 3.0%
– ACBA filed PRER14a to extend deadline to Oct 8 2023, vote in Dec, NAV $10.61
– FACA extension vote
– PBAX extension vote
– GFX extension vote
– ATEK extension vote
– TBCP extension vote
– KLAQ liquidation vote
– ARGU redemption
– MPAC redemption
– COLI redemption
– SPTK redemption
– MEAC redemption
– EPHY redemption
– PRBM redemption
– HCMA redemption
– SLAC redemption
– IRAA redemption
– NHIC redemption
– OHAA redemption
– VII redemption
– ROCG redemption
– SHCA redemption
– CLAS redemption