SPAC Update – June 6

– BOCN announced a business combination with TNL Mediagene, canceled extension vote
– USCT / WEJO filed for insolvency, shares to be suspended June 9
– STET to liquidate June 7, NAV $10.48
– MEKA to liquidate June 16, NAV $10.32
– WWAC / Aeries Technology announced $5 million PIPE at a price of $4.84 per share
– MTAL stockholders approved CSA Copper Mine deal, 23.5 million shares (88.7%) redeemed, 3.0 million shares remain, closing June 15
– SHUA stockholders approved deadline extension to June 4 2024, 8.3 million shares (76.4%) redeemed, 2.6 million shares remain, NAV $10.59
– ACRO filed DEF14a to extend deadline to July 13 2024, vote June 23, NAV $10.30, trust account will not be used to cover potential excise tax
– GATE filed DEF14a to extend deadline to Jan 5 2024, vote June 27
– KRNL extended deadline to July 5 2023, added $300k to trust account
– CLAY filed PRE14a to extend deadline to Jan 22 2024, NAV $10.772
– ALSA filed PRE14a to extend deadline to Mar 15 2024, vote in July, NAV $10.46
– OXAC filed S-4/a for Jet Token deal
– RONI deal vote
– PMGM adjourned deal vote to June 9
– AVAC deal vote
– KVSA extension vote
– BOCN extension vote
– HCNE redemption
– TCOA redemption