The SPAC Morning Update + Weekly Review (Feb 26-March 1) 🔒

SPAC Weekly Review

Activity last Week (Feb 26-March 1):

Deals

• 3 New mergers announced:

  • $ALTU & Vesicor Therapeutics — SF

  • $SKGR & Webull Corporation — PR

  • $GMFI & Capital A International (Capital A Berhad subsidiary) — PR

• 2 Terminations:

  • $ALTU & Picard Medical

  • $EAC & Unique Logistics

• 2 Completions:

  • ARIZ & BitFuFu ($FUFU), -36% from IPO

  • SZZL & Critical Metals ($CRML), +0% from IPO

• 2 Merger votes set

  • $HCMA & Murano PV: March 5 — SF

  • $LGVC & Nuvo Group: March 28 — SF

• 9 Deals in limbo (merger approved by shareholders, pending closing)

  • $MCAF & CH-Auto

  • $APAC & DigiAsia

  • $DECA & Longevity Biomedical

  • $SEPA & SANUWAVE Health (OTC: SNWV)

  • $LBBB & Nature’s Miracle

  • $OTEC & Regentis Biomaterials

  • $WNNR & Zapata AI

  • $GIA & QT Imaging

  • $CNDB & GCT Semiconductor

IPOs and New S-1s

• No new IPOs or S-1 registrations

Liquidations

• Last week, 1 liquidation was announced and 2 SPACs were delisted ahead of liquidation.

• 6 SPACs liquidated in 2024 and 9 are in the process of liquidating.

Headlines of the Week

• Trump media company ($DWAC target) co-founders allege ‘stock grab’ in lawsuit — FT

• Blackstone completed its $2.3B all-cash acquisition of Rover (ROVR). — PR

• ‘We definitely are eyeing the public markets’: eToro CEO considers IPO after scrapped SPAC deal — CNBC

• Thrasio (which back in 2021 was rumored to be in talks to merge with CCV, a now-liquidated Michael Klein SPAC), once king of e-commerce aggregation, files for Chapter 11 — TC

Current Stats:

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

SPAC Gainers & Losers

SPAC Volume Leaders

De-SPAC Gainers & Losers

News & De-SPAC Updates

• Webull’s $7bn listing deal ($SKGR merger) shows Spac madness is not over (FT Opinion)

SPAC Updates

Liquidations / Terminations

• Edify ($EAC) & Unique Logistics International mutually terminated the merger agreement. — SF

Merger Votes / Completions

• LAMF Global Ventures I ($LGVC) & Nuvo Group set the merger vote for March 28. — SF

• A SPAC I ($ASCA) & NewGenIvf adjourned the March 1 merger vote to March 4. — SF

• Catcha Investment ($CHAA) & Crown LNG Holdings AS postponed the merger vote meeting from March 6 to March 22. — SF

Deal Updates

• Altitude ($ALTU) & Vesicor Therapeutics filed the BCA for the deal. — SF

• Edoc ($ADOC) & Australian Oilseeds Investments waived the sponsor's lock-up and amended the debentures and warrants subscription agreement with Arena Investors. — SF

• Digital World ($DWAC) & Trump Media & Technology Group filed comments on the ongoing litigation with Patrick Orlando, DWAC's former Chairman/CEO. — SF. DWAC also filed a supplement to the proxy statement to, among other things, revise the authorized capital stock section. — SF

• DHC ($DHCA) & Brand Engagement Network (BEN) filed an updated investor presentation for the deal. — SF

Extensions

• Digital World ($DWAC) extended 3 months from March 8 to June 8. — SF

• Golden Star ($GODN) postponed the extension meeting, for a second time, to March 4. — SF

Listing Warnings:

• Nova Vision ($NOVV): under 300 public holders. — SF

• Aquaron ($AQU): under 300 public holders. — SF

Key Filings

Extensions:

• Feutune Light Acquisition Corporation ($FLFV) — DEF

• Viveon Health Acquisition Corp. ($VHAQ) — DEF

S-4 Filings*:

• Churchill Capital Corp VII ($CVII) & CorpAcq — F-4/A

• LAMF Global Ventures I ($LGVC) & Nuvo Group — EFFECT

Post-Merger S-1 Filings**:

• Vast Renewables ($VSTE) — F-1

*Latest S-4 filings are found in the “Deal Details” view under the column “S-4 Link”

**including PIPE resale registrations where applicable — latest post-merger S-1 filings are found in the “De-SPAC" view under the column “Post-Close S-1”

Key Event Calendar:

See the full calendar with proxy links and view it in a sortable table form here.