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April 15, 2024
News From the Past Week

Deal News

  • JVSPAC Acquisition Corp. (JVSA) announced a deal to acquire Hotel101, a hotel prop-tech operator pioneering a globally standardized, asset-light "condotel" business model. Hotel101 is a subsidiary of Philippine-listed investment company DoubleDragon Corporation (PSE: DD). The deal reflects an equity value of $2.3bn and is expected to close in H2 2024.

  • Blockchain Coinvestors Acquisition Corp. I (BCSA) announced a deal to acquire Linqto, a global financial technology investment platform allowing accredited investors to identify, evaluate, and make liquid investments in the world's leading unicorns and private companies. The deal reflects an enterprise value of $700mm and is expected to close in 2H 2024.

IPOs
None.

New S-1's
Name Ticker Size ($mm) Underwriter Trust Funding Coverage
Mission Space MISN 100 B. Riley 101.0% W/2

Liquidations
Name Ticker Size ($mm) Announced Liq. Date Trust Per Share
RMG III RMGC 483 4/9/2024 4/22/2024 $10.00

Registrations Withdrawn
None.

Charter Extensions

  • CITE extended its charter through 1/7/2025 with a monthly $40,000 ($0.018 per share) sponsor contribution to trust. Approximately 10% of public shares remain, representing $25mm in trust.
  • ACAC extended its charter through 1/14/2025 with a monthly $50,000 ($0.028 per share) sponsor contribution to trust. Approximately 21% of public shares remain, representing $20mm in trust.
  • SCRM extended its charter through 6/15/2024 with no sponsor contribution to trust. Approximately 23% of public shares remain, representing $184mm in trust.
  • WAVS extended its charter through 7/11/2024 with a single $100 sponsor contribution to trust. Redemption statistics were not provided.

Upcoming Meetings and Deadlines

  • 4/15/2024 HUDA Charter extension meeting (liquidation deadline 4/18/2024)
  • 4/16/2024 AEAE Charter extension meeting (liquidation deadline 5/2/2024)
  • 4/16/2024 TLGY Charter extension meeting (liquidation deadline 5/3/2024)
  • 4/16/2024 GAQ Charter extension meeting
  • 4/17/2024 USCT Charter amendment meeting
  • 4/18/2024 FEXD Charter extension meeting (liquidation deadline 4/21/2024)
  • 4/18/2024 TRTL Charter extension meeting (liquidation deadline 4/22/2024)
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