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March 4, 2024
News From the Past Week

Deal News

  • SK Growth Opportunities Corporation (SKGR) announced a deal to acquire Webull Corporation, a digital investment platform. The deal reflects an enterprise value of $7bn and is expected to close in 2H 2024.

  • Aetherium Acquisition Corp (GMFI) announced a deal to acquire Capital A International, a global brand management platform. The deal reflects an enterprise value of $1bn. No closing timeline was given.

  • Altitude Acquisition Corp. (ALTU) and Picard Medical agreed to terminate their business combination agreement, and ALTU announced a deal to acquire Vesicor Therapeutics, Inc., an early-stage biopharmaceutical company focused on the development of microvesicle-based therapeutics. The new deal includes $70mm in stock consideration. No closing timeline was given.

  • TG Venture Acquisition Corp. (TGVC) was notified that The Flexi Group has terminated its business combination agreement, citing the deal’s 5/5/2023 outside date.

  • Edify Acquisition Corp. (EAC) and Unique Logistics International agreed to terminate their business combination agreement.

Deal Closings & Approvals

  • Sizzle Acquisition Corp. (formerly SZZL) closed its acquisition of Critical Metals (European Lithium) on Tuesday 2/27/2024. Redemption statistics were not provided. Ordinary shares and warrants are now trading on the NASDAQ as “CRML” and “CRMLW.”.

  • Arisz Acquisition Corp. (formerly ARIZ) closed its acquisition of BitFuFu on Thursday 2/29/2024 with 1% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “FUFU” and “FUFUW.”

  • Energem Corp. (ENCP) shareholders approved the company’s acquisition of Graphjet Technology at a meeting Wednesday 2/28/2024. Redemption statistics were not provided. The transaction is expected to close on Wednesday 3/6/2024 with ordinary shares and warrants trading on the NASDAQ as “GTI” and “GTIWW” thereafter.

  • Concord Acquisition Corp III (CNDB) shareholders approved the company’s acquisition of GCT Semiconductor at a meeting Tuesday 2/27/2024. Redemption statistics were not provided and no closing timeline was given.

IPOs
None.

New S-1's
None.

Liquidations
Name Ticker Size ($mm) Announced Liq. Date Trust Per Share
Revelstone Capital RCAC 165 2/28/2024 TBD TBD

Registrations Withdrawn
None.

Charter Extensions

  • MNTN extended its charter through 8/28/2024 with a monthly $0.03 per share sponsor contribution to trust. Approximately 43% of public shares remain, representing $83mm in trust.
  • ARYD extended its charter through 3/2/2025 with no sponsor contribution to trust. Approximately 22% of public shares remain, representing $37mm in trust.
  • COOL extended its charter through 6/30/2024 with no sponsor contribution to trust. Approximately less than 1% of public shares remain, representing $4mm in trust.

Upcoming Meetings and Deadlines

  • 3/4/2024 NSTD Liquidation deadline
  • 3/4/2024 NSTC Liquidation deadline
  • 3/4/2024 GODN Liquidation deadline (pending optional $0.033 deposit extension)
  • 3/5/2024 ADOC Australian Oilseeds Investments approval meeting
  • 3/5/2024 GMFI Charter extension meeting
  • 3/5/2024 DHCA Brand Engagement Network (“BEN”) approval meeting
  • 3/5/2024 HCMA Murano approval meeting
  • 3/6/2024 ESAC Sunergy approval meeting
  • 3/6/2024 ROSS Charter extension meeting (liquidation deadline 3/16/2024)
  • 3/6/2024 KWAC Wentworth Management Services approval meeting (liquidation deadline 3/15/2024)
  • 3/6/2024 CHAA Crown LNG Holdings approval meeting (liquidation deadline 5/17/2024)
  • 3/7/2024 IRAA Charter extension meeting
  • 3/8/2024 MCAA Charter extension meeting (liquidation deadline 3/9/2024)
  • 3/8/2024 TRON Charter extension meeting (liquidation deadline 3/21/2024)
  • 3/8/2024 BNIX Charter extension meeting (liquidation deadline 3/14/2024)
  • 3/8/2024 RWOD ANEW Medical approval meeting
  • 3/8/2024 XPDB Montana Technologies approval meeting
Disclosures: Site administrators may maintain positions in various SPAC securities and may trade in or out of those securities at any time without notice. Information from spacresearch.com is provided for informational purposes only and should not be relied upon as the basis for any investment decision. Nothing on spacresearch.com is a recommendation or solicitation to buy or sell any investment.
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