SPAC Update – May 31

– PGSS announced a business combination with SCHMID
– GSRM stockholders approved deadline extension to July 1 2023 + 8 months, 24.5 million shares (77.5%) redeemed, 7.1 million shares remain, NAV $10.39
– THCP filed DEF14a to extend deadline to July 2 2024, vote June 21, NAV $10.29
– MTAL / CSA Copper Mine announced $3.5 additional PIPE, taking total to $178 million
– SHUA announced 8.3 million shares (76.4%) tendered for redemption
– CLIN stockholders approved deadline extension to Nov 28 2023, 14.9 million shares (64.6%) redeemed, 8.1 million shares remain, NAV $10.38, $195k added to trust
– OTEC stockholders approved deadline extension to June 2 2024, 1.0 million shares (56.0%) redeemed, 813k shares remain, NAV $10.84
– CCTS stockholders approved amendment of articles, 0.2 million shares (8.3%) redeemed, 2.3 million shares remain
– VII filed DEF14a to extend deadline to Dec 28 2023, vote June 20
– MEOA deal vote
– WEL redemption
– FRLA redemption
– BIOS redemption