SPAC Update – June 5

– XPDB announced a business combination with Montana Technologies
– PBAX announced a business combination with CERo Therapeutics
– RONI / NPWR expected to close on June 8 with cash in trust of at least $670 million
– ZT to liquidate June 16, NAV $10.25
– SPCM to liquidate June 4, NAV $10.63
– BPAC delisting notice, NAV $10.50
– ATLAU pulled S-1
– CONX stockholders approved deadline extension to Nov 3 2023, 5.7 million shares (67.7%) redeemed, 2.7 million shares remain, NAV $10.19, $108k added to trust account
– EFHT stockholders approved deadline extension to Mar 13 2024, 8.0 million shares (69.6%) redeemed, 3.5 million shares remain
– FRLA stockholders approved extension payment reduction, 1.7 million shares (31.5%) redeemed, 3.6 million shares remain, NAV $10.76
– MOBV extended deadline to July 8 2023, added $333k to trust account
– DUNE filed PREM14a for Global Hydrogen deal
– ERES filed PRER14a for Abacus Life deal
– MTRY filed PRE14a to extend deadline to Apr 5 2024
– GLTA filed F-4/a for Marti deal
– MCAC filed PRE14a to extend deadline to Apr 5 2024
– ATEK June 2 2023 rescheduled extension vote to June 13
– TCOA sponsor sold to new group, which replaced directors
– UPTD announced trust account will not be used to cover potential excise tax
– ARYD extended deadline to July 2 2023, added $140k to trust account
– BWAQ extended deadline to July 2, added $194k to trust account
– MTAL deal vote
– LBBB extension vote
– IPVF extension vote