Good morning!

If you are receiving this newsletter for the first time, welcome! You will find the Weekly SPAC Review in the first section below followed by an update on Friday’s SPAC activity.

While Friday's update is included in this Weekly newsletter, the other daily updates (covering Mon-Thurs) are sent in our SPAC Morning Update newsletter to ListingTrack Pro users on the morning of each trading day.

Weekly SPAC Review (Oct 28 - Nov 1)

Headlines of the Week

De-SPAC M&A

• CleanSpark completed the acquisition of GRIID Infrastructure (GRDI).

• Lockheed Martin closed its acquisition of Terran Orbital (LLAP).

Other De-SPAC News

• Lilium’s ($LILM) securities will be delisted by Nasdaq before the market open on Nov 6 due to the insolvency of its subsidiaries.

• LumiraDx (LMDXF), which dissolved effective Sep 17, was officially delisted from OTC.

SPAC Coverage*

• Delistings:

  • Compass Digital (CDAQ —> $CDAQF)

  • Pyrophyte Acq. Corp (PHYT —> $PHYTF)

  • Focus Impact (FIAC)

  • Jaws Mustang ($JWSM)

  • APX I ($APXI)

_{*Covering the notable activity not included in the section below}

Key Weekly SPAC Activity

Deal Announcements/ Terminations/ Closings

See more: SPAC Deal Pipeline

• No Mergers announced

• No Terminations

• No Completions

Merger Votes

See more: Merger Votes Calendar

• No Merger votes set

• Deals in limbo — merger approved & pending closing:

  • Nova Vision ($NOVV) & Real Messenger

  • Focus Impact ($FIAC) & DevvStream

  • Insight ($INAQ) & Alpha Modus (approved this week)

  • TMT ($TMTC) & eLong Power (approved this week)

Extensions

See more: Extension Votes Calendar

• Approvals:

  • LATG: Apr 2025

  • $FIAC: May 2025

  • COOL: Dec 2025

• Votes set:

  • $AITR, $BLAC, $MCAA, $DIST, $DPCS, $FTII, $RCFA

IPOs and New S-1s

See more: IPO Calendar & Pre-IPO Dataset

• New IPOs:

  • Bleichroeder Acquisition Corp. I ($BACQ-U)

  • Newbury Street II Acquisition Corp ($NTWO-U)

• New registrations:

  • K&F Growth Acquisition Corp. II (KFII)

  • Archimedes Tech SPAC Partners II Co. (ATII)

  • Cantor Equity Partners I, Inc. (CEPO)

Liquidations

See more: Liquidations Dataset

• Announcements/ Delistings

  • Blockchain Coinvestors I ($BCSA)

  • SilverBox III (SBXC: Delisted)

  • Achari Ventures I (AVHI: Delisted)

  • SDCL EDGE (SEDA: Delisted)

• 46 SPACs have liquidated in 2024, and 4 are in the process of liquidating.

Current Stats:

See more: SPAC Stats

Friday’s SPAC Update

The section below is the format for the SPAC Morning Update newsletter sent to ListingTrack Pro subscribers on the morning of each trading day. You can sign up for ListingTrack Pro here.

SPAC & De-SPAC Daily Trading (prev. session)

SPAC Gainers & Losers

SPAC Volume Leaders

De-SPAC Gainers & Losers

De-SPACs listed from 2019- in descending order with the 3 Gainers followed by the 3 Losers

News & De-SPAC Updates

• Danimer Scientific (DNMR) will implement a 1-for-40 reverse split ahead of trading on Nov 13. — PR

SPAC Updates

Liquidations / Terminations

• SDCL EDGE (SEDA) announced it would liquidate at an appx. redemption price of $11.31. Nov 1 was the last trading day. — PR

• SilverBox III (SBXC) announced its plans to liquidate, with the last day of trading set for today, Nov 1. Pending appx. redemption price. —PR

Deal Updates

• Finnovate ($FNVT) and its merger partner Scage Future extended the outside date from Oct 31 to March 31, 2025. — SF 

Extensions

• Focus Impact ($FIAC) was approved to extend up to May 2025. ~91% of the public SPAC shares were redeemed. Remaining in trust: ~$1.7M / 148,164 shares. — SF

• Corner Growth (COOL) was approved to extend up to Dec 2025. ~42% of the public SPAC shares were redeemed. Remaining in trust: ~$2.0M / 173,653 shares. —SF

• Finnovate ($FNVT) has postponed the extension vote from Nov 1 to Nov 6. The sponsor’s monthly contribution to the trust in connection with the proposed extension was revised to $0.05 per share. — SF

Other SPAC Updates

• Jaws Mustang ($JWSM) announced it has suspended the pursuit of a business combination with Starwood Capital Entities (1 Hotels NYC properties and UK De Vere Portfolio), its previously announced non-binding LOI partner. — PR

Listings

New Issues: IPOs, New S-1s

Filings

• Cantor Equity Partners I, Inc. (CEPO) — S-1

  • $200M, No Units

  • UW: Cantor

Listing Warnings / Transfers:

• Focus Impact (FIAC) will be delisted by Nasdaq before market open on Nov 4 due to failure to close a business combination within the allotted 36 months. FIAC Intends to list OTC. — SF

• Jaws Mustang ($JWSM) was suspended by NYSE AMEX and will be delisted due to JWSM's failure to close a business combination within the allotted 36 months. Last trading price: $11.39. — SF

• APX I ($APXI) will be delisted from Nasdaq before market open on Nov 5 due to non-compliance with listing rules. APXI did not disclose whether it would seek to list OTC. — SF

• Target Global I ($TGAA) received a non-compliance notice from Nasdaq and was given until Dec. 9, 2024, to submit a compliance plan. —SF

Key Filings

Extensions:

• Healthcare AI ($HAIA) — DEF

• Global Star ($GLST) — PRE

• Integrated Wellness ($WEL) — PRE

• Jaws Mustang ($JWSM) — PRE

• WinVest ($WINV) — PRE

S-4 Filings*:

• Roth CH V ($ROCL) & New Era Helium — S-4/A

• Western Ventures ($WAVS) & Cycurion — S-4/A

Post-Merger S-1 Filings**:

• NewGenIvf ($NIVF) — F-1/A

*The latest S-4 filings can be found in the Announced Mergers dataset.

**Includes PIPE resale registrations where applicable — the latest post-merger S-1 filings can be found in the De-SPAC Screener in the column group “De-SPAC Profile”.

Key Event Calendar:

See the full calendar: SPAC Calendar