SPAC Update – February 3

– AACI stockholders approved deadline extension to Aug 17 2023, 11.5 million shares (76.7%) redeemed, 3.5 million shares remain, NAV $10.17
– AAC stockholders approved deadline extension to Aug 4 2023, 53.0 million shares (53.0%) redeemed, 47.0 million remain, NAV $10.17
– ANZU indicated it will withhold $0.10 of cash in trust trust in liquidation to cover any potential excise tax owed by the sponsor
– MCAA announced 11.6 million shares (50.4%) redeemed
– FZT / Falcon’s Beyond revised valuation from $1.0 billion to $620 million + $400 million earn-out
– ASCA extension vote adjourned vote to Feb 13, NAV $10.28
– TWNI filed DEF14a to extend deadline to Aug 23 2023, vote Feb 21, NAV $10.174
– MLAI extended deadline to Mar 5 2023, added $664k to trust account
– ARRW filed PRE14a to extend deadline, NAV $10.11
– ALOR filed DEF14a to extend deadline to Aug 23 2023, vote Feb 17, NAV $10.29
– DHAC extended deadline to May 8 2023
– TOAC stockholders approved deadline extension to Nov 8 2023, 13.3 million shares (57.9%) redeemed, 9.7 million shares remain, NAV $10.41, $330k added to trust account
– CMCA filed DEF14a to extend deadline to Dec 3 2023, vote Feb 24, NAV $10.38
– TETC filed PRE14a to extend deadline to Sept 19 2023, NAV $10.12 but redemption at $10.00 as sponsor proposes retaining trust interest to pay excise tax
– AMCI deal vote
– IQMD extension vote
– ATAK extension vote
– MPRA extension vote
– KRNL extension vote
– LGST extension vote
– BCSA extension vote
– AEHA deal vote
– VHAQ deal vote
– MCAE redemption
– MACA redemption
– HHLA redemption
– CPTK redemption
– PUCK redemption