SPAC Update – September 18

– SAGA announced a business combination with Enzolytics, Virogentics, and Biogenysis
– GPAC to liquidate Sept 29, NAV $10.84
– MCAA stockholders approved deadline extension to Mar 9 2024, 702k shares (5.8%) redeemed, 11.5 million shares remain, NAV $11.05
– ROSS stockholders approved deadline extension to Mar 16 2024, 1.3 million shares (21.0%) redeemed, 5.0 million shares remain, NAV $10.74
– QOMO stockholders approved Chinese deal amendment, 1.2 million shares (39.1%) redeemed, 1.9 million shares remain
– FSNB announced 2.3 million shares (51.0%) redeemed, 2.2 million shares remain, NAV $10.60
– HPTL filed DEF14a to extend deadline to Dec 22 2023, vote Sept 28, NAV $10.55, trust account will not cover potential excise tax
– FZT filed DEFM14a for Falcon’s Beyond deal, vote Sept 26, NAV $10.57
– PCCT filed S-4/a for Spectaire deal
– ESAC filed S-4 for Sunergy deal
– PRLH extended deadline to Dec 17 2023
– ARIZ extended deadline to Oct 22 2023, added $120k to trust account
– LCA increased warrant consideration from $0.25 to $0.40, upon consummation of a business combination, at the discretion of the company
– ACAQ adjourned deal vote to Sept 28
– AMAO extension vote
– EMLD adjourned extension vote to Sept 19
– MURF redemption