SPAC Update – March 31

– DHHC / UHG deal closed
– TCVA to liquidate Apr 13, NAV $10.24
– MBTC confirmed trust account will not be used to cover potential excise tax, NAV revised up to $10.87 from $10.74
– BACA stockholders approved deadline extension to Sept 30 2023, 24.9 million shares (90.5%) redeemed, 2.6 million shares remain, NAV $10.18
– RFAC stockholders approved deadline extension to Dec 28 2023, 7.4 million shares (64.3%) redeemed, 4.1 million shares remain, NAV $10.29m $300k added to trust account
– GBRG filed DEF14a for SunCar deal, vote Apr 14, NAV $10.79
– RWOD extension vote
– TWOA extension vote
– SAMA redemption