SPAC Update – May 15

– DUNE announced a business combination with Global Hydrogen
– FPAQU filed S-1 for $100 million IPO
– ROCl announced trust account will not be used to cover potential excise tax
– FNVT stockholders approved deadline extension to May 8 2024, 12.6 million shares (73.2%) redeemed, 4.6 million shares remain
– NETC stockholders approved deadline extension to Dec 11 2023, 17.7 million shares (64.3%) redeemed, 14.6 million shares remain, NAV $10.53
– MCAG stockholders approved deadline extension to Feb 16 2024, 1.4 million shares (72.4%) redeemed, 529k shares remain
– SHUA filed DEF14a to extend deadline to Sept 4 2023 + 9 months, vote June 1, NAV $10.55
– ROC filed 424b3 for Drilling Tools International deal, vote June 1, NAV $10.56
– BIOS filed DEF14a to extend deadline to Dec 7 2023, vote June 2, NAV $10.49
– LBBB filed DEF14a to extend deadline to Dec 11 2023, vote June 5, NAV $10.48
– AVAC filed DEFM14a for Beneficient deal, vote June 6
– CFFE filed PRER14a for XBP Europe deal, NAV $10.77
– TCOA filed PRE14a to extend deadline, may use trust account to cover potential excise tax
– LFAC filed PRE14a to extend deadline to Nov 19 2023, trust account will not be used to cover potential excise tax
– ATAK filed S-4 for DIH deal, NAV $10.47
– WWAC filed S-4 for Aeries Technology deal
– MURF filed S-4 for Conduit Pharmaceuticals deal
– CLIN filed PRER14a for Alternus Energy deal
– OLIT filed S-4/a for Syntec Optics deal
– BIOS filed S-4 for Avertix deal
– GPAC extended deadline to June 14 2023, added $150k to trust account
– WINV extended deadline to June 17 2023, added $125k to trust account
– PNAC extension vote
– FWAC redemption
– ROCL redemption
– TBMCU split