SPAC Update – February 13

– WEL announced a business combination with Refreshing USA
– IPAX / LUNR deal closed
– PUCK extended deadline to Mar 18 2023, 16.3 million shares (63.1%) redeemed, 9.5 million shares remain, NAV $10.16
– WAVS filed S-4 for Cycurion deal, NAV $10.25
– GXII will not use trust account to pay potential excise tax
– FACT filed DEF14a to extend deadline to June 2 2023+ 3 months, vote Feb 28, NAV $10.17
– MSAC to liquidate Feb 21, NAV $10.18
– GVCI extended deadline to May 12 2023, added $2 million to trust account
– FLME filed DEF14a to extend deadline to Sept 1 2023, vote Feb 27, NAV $10.11, trust will not cover potential excise tax
– FLAG filed S-4 for Calidi Biotherapeutics deal, NAV $10.25
– MBAC filed PRE14a to extend deadline to Dec 8 2023, vote Mar 7, trust will not be used to pay potential excise tax
– FZT filed DEF14a to extend deadline to June 18 2023 + 4 months, vote Mar 3, NAV $10.13
– PLMI filed PRE14a to extend deadline to Mar 18 2024
– CPAQ to liquidate Feb 27, redemption NAV $10.15 (vs estimated NAV of $10.30)
– CTAQ to liquidate Feb 14
– ABGI to liquidate Feb 17
– ANAC to liquidate Feb 27, NAV $10.19
– FATP to extend deadline to Mar 15, adding $312.9k to trust account
– NOVV extended deadline to March 10 2023, $75k added to trust account
– ACAC stockholders approved deadline extension, 5.0 million shares (57.8%) redeemed, 3.6 million shares remain
– ARYD filed DEF14a to extend deadline to June 2 2023 + 9 months, vote Feb 28, NAV $10.18
– OXUS filed DEF14a to extend deadline to Dec 8 2023, vote Feb 28, NAV $10.40
– LOKM filed DEF14a to extend deadline to Nov 30 2023, vote Mar 2, NAV $10.15
– ADEX extended deadline to Mar 14, $148k added to trust account
– NSTD filed DEF14a to extend deadline to Sept 4 2023, vote Feb 24, NAV $10.15
– BRKH filed DEF14a to extend deadline to Sept 15 2023, vote Mar 1, NAV $10.27 (but indicated $10.15 payout)
– SGII extension vote
– ASCA extension vote
– LFAC redemption
– NVSA redemption
– CCAI redemption