SPAC Update – December 19

– NETC / VSTE deal closed
– ENER to liquidate Dec 26
– CLAY stockholders approved Mobix Labs deal, 742k shares (95.2%) redeemed, 37k shares remain
– GAMC stockholders approved deadline extension to Sept 19 2024, 1.5 million shares (72.5%) redeemed, 578k shares remain, NAV $10.71
– ACAB stockholders approved deadline extension to Sept 19 2024, 2.8 million shares (80.6%) redeemed, 667k shares remain, NAV $10.68
– LGST stockholders approved deadline extension to Sept 15 2024, 881k shares redeemed, NAV $11.02, added $67.5k to trust account
– BRAC extended deadline to Jan 13 2024, added $150k to trust account, filed DEF14a to extend deadline to Jan 13 2025, vote Jan 8, NAV $11.15, trust account will not be used to cover potential excise tax
– GPAC filed DEF14a to extend deadline to July 14 2023, vote Jan 9, NAV $11.05
– BYTS deal vote adjourned to Dec 19
– RMGC filed S-4/a for H2B2 deal, NAV $10.50
– PTHR filed S-4/a for Horizon Aircraft deal, NAV $10.56
– WAVS filed PRE14a to extend deadline to Apr 11 2024, vote Jan 5, NAV $10.70
– LCAA extended deadline to Jan 15 2024, added $330k to trust account
– ENCP extended deadline to Jan 18 2024, added $55k to trust account
– ZLS postponed AGM to Dec 29
– TCOA postponed AGM to Dec 29
– APAC deal vote
– ENER extension vote
– GATE extension vote
– USCT amendment vote
– NVAC redemption
– BYN redemption
– RCAC redemption
– SHAP redemption