SPAC Update – December 5

– CND / Circle deal terminated
– PFDR / Francisco Partners launched tender offer for $75 million of shares at $10.00, expires Jan 4 2023
– PPHP filed PRE14a to extend deadline to Aug 16 2023, $0.0525 (6.3% yield) monthly trust contribution, vote Dec 22, NAV $10.37
– DMAQ filed PRER14a to extend deadline to July 29 2023, vote in 2022
– LIBY filed PRE14a to extend deadline to Nov 8 2023, vote Dec 22
– ZWRK NAV revised upward from $10.03 to $10.076
– UPTD filed PRER14a to extend deadline to July 19 2023, vote Dec 22
– HCIC filed DEF14a to extend deadline to July 20 2023, vote Dec 21
– LHC filed PRE14a to extend deadline to Oct 12 2023
– FSSI to liquidate Dec 7 at $10.08
– NDAC to liquidate at $10.07
– ROC extended deadline to Mar 6 2023, added $2.07 million to trust
– CHAA filed PRE14a to extend deadline to Feb 17 2024, NAV $10.10
– LAAA stockholders approved ProSomnus deal, 2.4 million shares (83.9%) redeemed, 0.46k shares remain, closing Dec 6
– PV / Lanvin removed $350 million minimum cash condition, sponsor surrendered 6 million shares
– IPAX terminated $50 million FPA
– ALCYU filed S-1 for $100 million IPO
– FIAC filed DEF14a to extend deadline to Nov 1 2023, vote Dec 21, NAV $10.30
– CFIV filed DEF14a to extend deadline to June 28 2023, vote Dec 22, NAV $10.04
– VII filed DEF14a to extend deadline to June 28 2023, vote Dec 20
– CPUH stockholders approved deadline extension to Aug 9 2023, 77 million shares (89.3%) redeemed, 9.2 million shares remain
– WINV stockholders approved deadline extension to Jan 17 2023 (+5 months optional), 9.6 million shares (83.5%) redeemed, 1.9 million shares remain, NAV $10.20
– BSGA extension vote
– BHAC redemption
– MTAC redemption
– CLRM redemption
– LHAA redemption
– DNZ redemption
– FXCO redemption
– ZING redemption
– IPVA redemption
– TRON tender expiry