SPAC Update – September 13

– FIAC announced a business combination with DevvStream
– IGTA announced a business combination with AgileAlgo (from previous LOI)
– FLAG / CLDI deal closed
– GFGD / Zero Nox deal terminated, to liquidate
– AAC / X-energy announced $50 million convertible preferred stock, $30 million PIPE, revised pre-money equity value to $1.05 billion from $1.8 billion
– MCAA announced 1.8 million shares tendered for redemption
– EMLD ​ adjourned extension vote to Sept 18
– ANZU filed S-4/a for Envoy Medical deal, NAV $10.43
– FZT filed S-4/a for Falcon’s Beyond deal, vote Sept 26, NAV $10.57
– ADEX Sfiled S-4/a for Griid Infrastructure deal
– IRAA stockholders approved deadline extension to Dec 9 2023, 1.0 million shares (70.8%) redeemed, 407k shares remain, NAV $10.28
– VCXB filed PRE14a to extend deadline to July 14 2024, NAV $10.63
– ESAC filed PRE14a to extend deadline to Jan 22 2024
– PFTA filed PRE14a to change name to Perception Capital II
– NVAC filed S-4/a for Profusa deal, NAV $10.94
– ACAC extended deadline to Oct 14 2023, added $75k to trust account
– FATP extended deadline to Oct 15 2023, added $24k to trust account
– LHC extended deadline to Oct 12 2023, added $240k to trust account
– ASCA extended deadline to Oct 17 2023, added $90k to trust account
– GFOR deal vote
– PLMI extension vote
– APCA redemption
– ROSS redemption