SPAC Update – December 9

– BWAC business combination with Heritage
– PPHP business combination with Modulex Modular Buildings
– VCXB signed LOI with Sparks Energy, signed non-redemption agreement
– FACA signed LOI with a large warehouse lender and bank holding company with nationwide residential mortgage lending and servicing operation
– DHBC stockholders approved liquidation, NAV $10.10
– ROCG filed DEF14a to extend deadline to July 10 2023, vote Dec 20, NAV $10.21
– IPVA stockholders approved Getaround deal, 24.3 million shares (94.0%) redeemed, 679k shares subject to non-redemption agreement
– LION extended deadline to Jan 8, added $412.5k into trust
– FOXW canceled Dec 13 extension vote
– BNIX extended deadline to Mar 14 2023, added $690k to trust account
– LHAA stockholders approved early liquidation, to liquidate Dec 14, NAV $10.09
– CLIM stockholders approved liquidation, NAV $10.04
– SIER to liquidate Dec 16, NAV $10.12
– TLGA confirms it will not utilize funds from trust account to pay excise tax
– KACL stockholders approved deadline extension, 5.7 million shares (73.2%) redeemed, 2.1 million shares remain
– ZWRK stockholders approved liquidation, NAV $10.076
– IGAC intends to seek alternative target company
– IACIU pulled S-1
– PCX sponsor did not pay Oct extension payment so administrator will liquidate
– BRLI Dec 8 2022 filed PRE14a to extend deadline to Apr 23 2023, vote in Jan, NAV $10.72
– PV deal vote
– VTIQ liquidation vote
– SPTK extension vote
– ASPA extension vote
– SNRH extension vote
– FHLT extension vote
– KINZ extension vote
– FXCO extension vote
– SSAA liquidation vote
– CLIM liquidation
– FTCV liquidation
– EDTX redemption
– BACA redemption
– OLIT redemption
– MCAF redemption
– CTAQ redemption
– SAGA redemption
– VELO redemption