SPAC Update – December 19

– EAC business combination with Unique Logistics International
– RXRA to liquidate Dec 20, NAV $10.00
– THCA to liquidate Dec 23, NAV $10.498
– HCIC cancelled vote, to liquidate Dec 21, NAV $10.06
– MTAC stockholders approved deadline extension to June 22 2023, 23 million shares (92.2%) redeemed, 2 million shares remain, $78k added to trust account
– MDH filed DEF14a to liquidate Dec 29, vote Dec 29, NAV $10.08
– INKA filed DEF14a to extend deadline to Apr 11 2023, vote Jan 6, NAV $10.30
– ADEX to divest T-bills and deposit trust cash into interest bearing account yielding 3.0%
– EPHY to liquidate on Dec 20, NAV $10.10
– POND / MRDB deal closed
– CLAY filed DEF14a to extend deadline to July 22 2023, vote Jan 6, NAV $10.249
– MCAF stockholders approved deadline extension to Apr 2 2023, 2.4 million shares (42.3%) redeemed, 3.3 million shares remain, $581k deposited into trust account, NAV $10.26
– EDTX stockholders approved deadline extension to June 15 2023, 2.0 million shares (88.1%) redeemed, 275k shares remain
– GFX adjourned vote to Dec 20
– MBAC postponed vote to Dec 23
– GDNR trust account will not be used to pay excise tax
– GLHA to liquidate Dec 22
– AVHI 9.3 million shares (93.2%) redeemed, 684k remain, NAV $10.21, trust account will not be used to cover excise tax
– RAM / InfiniteWorld deal terminated
– LHC filed DEF14a to extend deadline to Oct 12 2023, vote Jan 9, NAV $10.125, will liquidate Treasurys and invest in interest-bearing demand deposit account
– USCT filed PRE14a to extend deadline
– PNTM filed DEF14a to extend deadline to July 15 2023, vote Jan 13, NAV $10.12
– BCSA filed PRE14a to extend deadline to Nov 15 2023, vote in Jan
– ESAC filed PRE14a to extend deadline to Apr 22 2023
– AIB filed PRE14a to extend deadline to Jan 21 2024 or liquidate early
– PFDR filed PRE14a to extend deadline to June 19 2023
– VELO to liquidate on Dec 20, redeemers got $10.09, liquidation is $10.00
– CSTA filed PRE14a to extend deadline to Jan 29 2024
– SZZL adjourned extension vote to Feb 2023
– RWOD signed agreement of intent with Xin Bo Xing
– MPAC filed DEFa14a for MultiMetaVerse deal, vote Dec 20, share lock-ups waived, $20 million equity financing condition waived
– COOL vote adjourned to Dec 19 to solicit redemption reversals
– BITE stockholders approved deadline extension to Aug 17 2023 and ability to liquidate early, 17 million shares (85.0%) redeemed, 3 million shares remain, NAV $10.06, to report its decision on whether or not to implement the Extension Charter Amendment Proposal or the Termination Charter Amendment Proposal
– FACA to liquidate Dec 20, NAV $10.05
– PAFO / CACO deal closed
– SHQA cancelled extension vote, to liquidate Dec 21
– GFOR cancelled extension proposal, redeemed shares to be returned to stockholders
– AVHI extension vote
– ISAA liquidation vote
– OSTR liquidation vote
– TLGA extension vote
– MCAG extension vote
– DNZ extension vote
– AFAQ extension vote
– COOL extension vote
– PMVC liquidation
– TSPQ liquidation
– DAOO liquidation
– VHAQ redemption
– GDNR redemption
– RCLF redemption
– BRKH redemption
– APN redemption
– FIAC redemption
– HCIC redemption
– IPVF redemption
– IPVI redemption
– RNER redemption
– EAC redemption
– ATEK redemption
– BLNG redemption
– ACAQ redemption
– GNAC redemption
– EQHA redemption