SPAC Update – October 25

– FRLA announced a business combination with Water On Demand
– CNBD entered a non-binding LOI for a business combination with a well-established semiconductor supplier
– ANSCU filed S-1 for $300 million IPO
– FG Merger II (no symbol) filed S-1 for $75 million IPO
– WWAC postponed deal vote to Nov 2
– ASPA stockholders approved DLQ deal, 640k shares (93.8%) redeemed, 42k shares remain
– FRBN stockholders approved evGene deal, 10.4 million shares (82.1%) redeemed, 2.3 million shares remain
– AIB stockholders approved deadline extension to Jan 21 2025, 17k shares redeemed, 984k shares remain, NAV $11.21
– ESAC stockholders approved deadline extension to Jan 22 2024, 1.5 million shares (51.4%) redeemed, 1.4 million shares remain, NAV $11.21, added $74k to trust account
– BFAC filed DEF14a to extend deadline to June 17 2024, vote Nov 14, NAV $10.85
– PUCK filed DEF14a to extend deadline to Feb 10 2024, vote Nov 8, NAV $10.70, trust account will not be used to cover potential excise tax
– DUNE filed PRER14a for Global Hydrogen deal
– GDNR extended deadline to Nov 27 2023, to add $100k to trust account
– IOAC deal vote
– VSAC extension vote
– FRLA extension vote
– LATG extension vote
– IOAC redemption
– BCSA redemption
– TGVC redemption