SPAC Update – March 17

– FORLU $52 million IPO
– NGC to liquidate Mar 27, NAV $10.15
– SMIH / YS deal closed
– BRAC extended deadline to Apr 13 2023, added $370k to trust account
– NUBI extended deadline to June 15 2023, added $1.235 million to trust account
– BMAQ reversed decision, will not liquidate
– REVE deal vote adjourned to Mar 28
– ASCA extended deadline to Apr 17 2023, added $90k to trust account
– CXAC filed DEF14a to extend deadline to Dec 31 2023, vote Apr 6, NAV $10.42, trust account will not be used to cover potential excise tax
– NRAC stockholders approved name change to Northern Revival Acquisition, 0.4 million shares (14.9%) redeemed, 2.5 million shares remain
– OPA extension vote
– BLACU split
– NBST redemption
– AMAO redemption