News From the Past Week
Deal News
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Four Leaf Acquisition Corporation (FORL) announced a deal to acquire Xiaoyu Dida Interconnect International Limited, a developer and manufacturer of intelligent self-service car wash equipment. No valuation or closing timeline was specified.
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Fortune Rise Acquisition Corporation (FRLA) and Water On Demand terminated their business combination agreement, with FRLA to liquidate.
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Newbury Street Acquisition Corporation (NBST) and Infinite Reality terminated their business combination agreement, with Infinite Reality agreeing to pay $7mm to NBST. Unless NBST negotiates a business combination agreement with a new target by 3/25/2025, it will liquidate.
Deal Closings & Approvals
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IPOs
| Name |
Ticker |
Raised ($mm) |
Sector |
Cash in Trust |
Coverage |
| Range Capital |
RANG |
100 |
General |
100.5% |
R |
New S-1's
| Name |
Ticker |
Size ($mm) |
Underwriter |
Trust Funding |
Coverage |
| Copley Acq |
TBD* |
150 |
Clear Street |
100.5.% |
1/2 |
Liquidations
| Name |
Ticker |
Size ($mm) |
Announced |
Liq. Date |
Trust Per Share |
| CF Acquisition VII |
CFFS |
183 |
12/20/2024 |
12/31/2024 |
$11.29 |
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Charter Extensions
- WINV extended its charter through 6/17/2025 with a monthly $30,000 ($0.12 per share) sponsor contribution to trust. Approximately 2% of public shares remain, representing $3mm in trust.
- KACL extended its charter through 6/16/2025 with a monthly $50,000 ($0.06 per share) sponsor contribution to trust. Approximately 11% of public shares remain, representing $10mm in trust.
- ATMV extended its charter through 9/22/2025 with a monthly $55,000 ($0.035 per share) sponsor contribution to trust. Approximately 23% of public shares remain, representing $18mm in trust.
- FLDD extended its charter through 12/20/2025 with no sponsor contribution to trust. Approximately 19% of public shares remain, representing $51mm in trust.
- SACQF extended its charter through 12/20/2025 with no sponsor contribution to trust. Less than 1% of public shares remain, representing $300k in trust.
- WEL extended its charter through 12/15/2025 with no sponsor contribution to trust. Approximately 10% of public shares remain, representing $14mm in trust.
- IROH extended its charter through 3/29/2025 with a single $0.033 per share sponsor contribution to trust.
Upcoming Meetings and Deadlines
- 12/23/2024 MITA Charter extension meeting (liquidation deadline 12/25/2024)
- 12/23/2024 MITA Rain Enhancement Technologies approval meeting (outside date 12/25/2024)
- 12/23/2024 BRZH Charter extension meeting (liquidation deadline 12/26/2024)
- 12/23/2024 TRON Charter extension meeting (liquidation deadline 12/31/2024)
- 12/23/2024 LATG Femco Steel Technology Co. approval meeting
- 12/23/2024 BRKH Blaize, Inc. approval meeting (outside date 12/31/2024)
- 12/23/2024 HSPO Charter extension meeting (liquidation deadline 12/27/2024)
- 12/23/2024 AFJK Charter extension meeting (liquidation deadline 1/6/2025)
- 12/25/2024 SLAMF Liquidation deadline
- 12/26/2024 CITE Charter extension meeting (liquidation deadline 1/7/2025)
- 12/27/2024 ALSA Charter extension meeting
- 12/28/2024 AOGO Charter extension meeting (liquidation deadline 12/29/2024)
- 12/28/2024 SWSS Liquidation deadline
- 12/29/2024 GMFI Liquidation deadline
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