SPAC Update – March 2

– JGGC announced a business combination with GLAAM
– TRIS entered into a non-binding LOI for a business combination, deadline extended to July 18 2023
– LOKM cancelled extension vote, will liquidate
– LEGA to liquidate Mar 15, NAV $10.20
– NVAC announced that trust account will not be used to cover potential excise tax
– BNIX announced that trust account will not be used to cover potential excise tax
– ANZU stockholders approved deadline extension to Sept 30, 38.2 million shares (89.9%) redeemed, 4.3 million shares remain, NAV $10.15
– TRON filed DEF14a to extend deadline to Mar 21 2024, vote Mar 15, NAV $10.50
– FACT stockholders approved deadline extension to June 2 2023 + 3 months, 23.3 million shares (67.4%) redeemed, 11.2 million shares remain, NAV $10.21
– ARYD stockholders approved deadline extension to June 2 2023 + 9 months, 11.3 million shares (75.3%) redeemed, 3.7 million shares remain, NAV $10.22
– FLME stockholders approved deadline extension to Sept 1 2023, 20.3 million shares (70.7%) redeemed, 8.4 million shares remain, NAV $10.15
– SWSS stockholders approved deadline extension to Aug 28 2023, 15.1 million shares (88.2%) redeemed, 2 million shares remain, NAV $10.29
– IGTA filed DEF14a to extend deadline to Sept 13 2023, vote Mar 13, NAV $10.30
– SMAP filed PRE14/a to extend deadline, vote Apr 14
– BACA filed PRE14a to extend deadline to Sept 30 2023, vote Mar 28, NAV $10.20
– CMCA extension vote postponed indefinitely
– SAGA / Arabian Entertainment Company deal terminated, disputes $1 million break fee payable, may sell sponsor to group with alternative business combination
– GLTA Mar 1 2023 filed F-4/a for Marti deal, no meeting date set
– ATAQ extension vote adjourned to Mar 3
– AOGO filed PRE14a to extend deadline to Dec 29 2023, will not use trust account to cover potential excise tax
– OXUS extension vote
– DTOC extension vote
– ACAH extension vote
– INAQ extension vote
– AGAC extension vote
– TRCA redemption
– SPKB redemption
– GLLI redemption