SPAC Update – May 8

– CNDB stockholders approved deadline extension to Nov 8 2023, 30.5 million shares (88.3%) redeemed, 4.0 million shares remain, NAV $10.42
– PNAC announced a reduction in extension payment from $0.06 to $0.045 per month, vote May 15
– APGB stockholders approved deadline extension to Feb 12 2024, 51.1 million shares (74.0%) redeemed, 17.9 million shares remain, NAV $10.30
– FRLA filed PRE14a to reduce the extension payment, vote June 2
– GSD extended deadline to June 9 2023, add $84k to trust account
– HMAC extended deadline to June 14 2023, added $227.7k to trust account
– PGRW Co-CEOs and CFO resigned
– XPDB filed PRE14a to extend deadline to Dec 14 2023+ 3 months, trust account will not be used to cover potential excise tax
– ALPA filed S-4/a for Carmell Therapeutics deal
– ADEX filed S-4/a for Griid Infrastructure deal
– EGGF filed PREM14a for flyExclusive deal
– KVSA filed PRE14a to extend deadline to Dec 8 2023
– WINV filed PRE14a to extend deadline to July 17 2023, vote June 12
– ATAK extended deadline to June 9 2023, added $135k to trust account
– AMAO filed S-4/a for Royalty Management deal, NAV $10.25
– FNVT extension vote
– PTWO extension vote
– DPCS redemption
– VCXA redemption