SPAC Update – January 30

– PIAI announced a business combination with Cheche Technology
– EBAC / Oculus added $7.9 million to PIPE financing, added $7 million convertible loan
– PONO stockholders approved AERWINS deal
– DCRD reopened redemption window to Feb 7
– CCAI filed DEF14a to extend deadline to Aug 31 2023, vote Feb 15, NAV $10.10
– USCT stockholders approved deadline extension to June 29 2023, 17.5 million shares (76.2%) redeemed, 5.5 million shares remain
– SCMA sponsor confirmed trust account will not be used to cover excise tax, NAV $10.28
– OXUS filed PRE14a to extend deadline to Dec 8 2023, vote Feb 28
– DHCA / GloriFi deal terminated because GloriFi publicly announced that GloriFi was winding down its operations
– LGTO filed S-4/a for Southland Holdings deal, no meeting date set, NAV $10.29
– APXI filed PRE14a to reduce extension payment, no meeting date set
– LFAC filed DEF14a to increase monthly deadline extension contribution to $0.04 per share, vote Feb 15, NAV $10.32
– PBAX stockholders approved deadline extension to Apr 8 2023 (vote was Dec 16 2022), 16.2 million shares (92.6%) redeemed, 1.3 million shares remain, NAV $10.34, sponsor deposited $350k in to trust account
– CWAC/U pulled S-1
– FLME filed PRER14a for Sable Offshore deal, no meeting date set
– ROSS filed PRE14a for APRINOIA Therapeutics deal, no meeting date set
– NRAC stockholders approved deadline extension to Sept 4 2023, 21.2 million (88.0%) shares redeemed, 2.9 million shares remain, NAV $10.14
– AACI extension vote
– DTRT liquidation vote
– LION deal vote
– AMCI redemption
– SDAC redemption
– JWSM redemption
– PRPC redemption
– SZZL redemption