SPAC Update – January 19

– BRAC announced business combination with Openmarkets
– ONYX announced advanced discussions with Helios Investment Partners about a potential business combination
– AACI announced that it will not use trust accrued interest to pay excise tax, NAV readjusted back to $10.17, vote moved to Jan 30
– NAAC postponed extension vote to Jan 25, plans to maintain amounts in trust account in an interest-bearing demand deposit account at a national bank
– THAC to liquidate Jan 25, NAV $10.36
– ESAC stockholders approved deadline extension to Apr 22 2023, 24.7 million shares (89.5%) redeemed, 2.9 million shares remain, NAV $10.29
– MPRA filed DEF14a to extend deadline to Dec 8 2023, vote Feb 3, NAV $10.34
– MCAE filed DEFM14a for ETAO International deal, vote Feb 7, NAV $10.27
– FSRX filed PRE14a to extend deadline to Aug 22 2023
– TRCA filed PRE14a to extend deadline
– OCAX vote adjourned to Jan 19
– AVHI to extend deadline to Feb 19 2023, added $51k to trust account
– MBSC extended deadline to Apr 26 2023, added $1.7 million to trust account
– BRLI extension vote
– IOAC extension vote
– BIOT extension vote
– ATMC split
– DCRD redemption
– USCT redemption