SPAC Update – May 1

– BITE announced a business combination with Above Food
– CIIG / ZAPP deal closed
– PRBM EnOcean deal terminated, to liquidate Apr 30
– LVAC to liquidate Apr 29, NAV $10.42
– ADAL to liquidate May 3 2023, NAV $10.48
– PEGR entered into a non-binding letter of intent for a business combination, extended deadline to Aug 2 2023
– DTOC / American Oncology Network announced $65 million strategic growth investment from AEA Growth
– BRD filed DEF14a to extend deadline 6 months, vote May 25, NAV $10.41, trust account will not be used to cover potential excise tax
– FWAC filed PRER14a to extend deadline, NAV $10.28
– CONX filed PRE14a to extend deadline, trust account will not be used to cover potential excise tax, trust account moved to cash
– MOBV to extend deadline to June 8 2023, add $333k to trust account
– PHYT stockholders approved deadline extension to Apr 29 2024, 11.2 million shares (55.4%) redeemed, 9.0 million shares remain, NAV $10.52
– MEOA filed PRE14a to extend deadline to Aug 30 2023, vote in May
– CSTA extended deadline to May 29 2023, added $150k to trust account
– TGVC revised NAV from $10.37 to $10.39
– LIVB extension vote
– ACAX extension vote
– VSAC extension vote
– TWNFF liquidation vote
– TMTCU split
– INTE redemption