SPAC Update – May 19

– BRD announced a business combination with Suntuity
– BWAC / Heritage Distilling deal terminated
– RONI / NET Power announced additional $50 million PIPE, for a total PIPE of $540 million
– KWAC stockholders approved deadline extension to Aug 24 2023, added $69k to trust account
– VHNA extended deadline to June 26 2023, added $660k to trust account
– OCAX extended deadline to June 20 2023, added $90k to trust account
– OTEC filed DEF14a to extend deadline to June 2 2024, vote May 26, NAV $10.82, trust account will not be used to cover potential excise tax
– HCNE filed DEF14a to extend deadline to June 15 2024, vote June 8, NAV $10.26, trust account will not be used to cover potential excise tax
– WINV filed DEFR14a to extend deadline to July 17 2023 + 5 months, vote June 12, NAV $10.68
– PBAX filed PRE14a to extend deadline to Oct 8 2023, NAV $10.63
– FICV filed PRE14a to extend deadline to July 6 2024, vote in June
– NSTB / NSTC / NSTD Joanna Coles resigned as Chair
– PACI extension vote
– BLEU extension vote
– EGGF extension vote
– CMCA redemption