SPAC Update – February 16

– NUBI announced a business combination with Honeycomb Battery Company
– DISTU $60 million IPO
– CENQ / VGAS deal closed, 15.4 million shares (89.3%) redeemed, 1.8 million shares remain, NAV $10.31
– LFAC entered LOI with a US-based manufacturer in the packaging industry
-KCGI extended deadline to Aug 17 2023, added $2.76 million to trust account
– AEHA / OCEA had 10.4 million shares (98.9%) redeem, 111k shares remain, NAV $10.56
– LFAC amendment vote adjourned to Feb 17
– KSI to liquidate Mar 19, NAV $10.05
– FZT will not use trust account to cover potential excise tax
– QFTA adjusted redemption price from $10.15 to $10.13
– TRCA filed DEF14a to extend deadline to June 8 2023 + 9 months, vote Mar 6, NAV $10.19
– BYTS filed DEFR14a to extend deadline to Sept 25 2023, vote Mar 16
– SGII stockholders approved deadline extension to Aug 19 2023, 10.1 million shares (70.4%) redeemed, 4.2 million shares remain, NAV $10.27
– ADOC stockholders approved deadline extension to Aug 12 2023, 1.1 million shares (57.8%) redeemed, 854k shares remain, NAV $10.70
– IBER to liquidate Mar 2, NAV $10.17
– NVSA canceled extension vote, to liquidate Mar 6
– FSRX redemption
– GXII redemption