SPAC Update – June 12

– ARTE / Novibet deal terminated
– AAC revised X-energy’s pre-money equity value to $1.8 billion from $2.1 billion
– PORT stockholders approved deadline extension to Mar 14 2024, 18.8 million shares (82.0%) redeemed, 4.2 million shares remain, NAV $10.49
– LBBB stockholders approved deadline extension to Dec 11 2023, 645k shares (15.6%) redeemed, 3.5 million shares remain, $80k added to trust account
– MEOA / Digerati Technologies postponed deal vote to June 30
– GLTA filed F-4/a for Marti deal, vote July 3
– PRLH entered into a non-binding LOI, extended deadline to Sept 17 2023
– CITE filed DEF14a to extend deadline to Apr 7 2024, vote June 23, NAV $10.64
– IXAQ extended deadline to July 12 2023, added $160k to trust account
– GOGN filed DEFM14a for Lifezone Metals deal, vote June 29
– NCAC filed PRE14a to extend deadline to Jan 22 2024, trust account will not be used to cover potential excise tax
– CITE filed PRER14a to extend deadline to Apr 7 2024, vote June 23
– GAQ filed PRE14a to extend deadline
– EAC filed S-4 for Unique deal
– IFIN filed S-4/a for Seamless deal
– HMAC extended deadline to July 14 2023, added $227.7k to trust account
– LCW extended deadline to July 13 2023, added $115k to trust account
– WINV extension vote
– PRLH extension vote
– IVCP extension vote
– SHAP extension vote
– BFAC extension vote
– PLAO extension vote
– EVE redemption
– CFFS redemption
– RCAC redemption
– AACT split