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Newsletter Contents

• Weekly SPAC Review

• Friday's Recap (Sent to ListingTrack Pro users in the morning of each trading day)

Weekly SPAC Review (Feb 10-14)

Headlines of the Week

De-SPAC M&A

• Mediaocean closed its $500 million acquisition of Innovid (CTV). —PR

• flyExclusive (FLYX) announced it will acquire the aviation business of Jet.AI (JTAI). — PR

Other De-SPAC News

• Getaround (OTC: GETR) announced it is winding down its US operations and will focus solely on its European markets. — PR

Key Weekly SPAC Activity

Deal Announcements/ Terminations/ Closings

See more: SPAC Deal Pipeline

• Mergers announced:

  • Quetta (QETA) & KM Quad

  • Nabors Energy Transition II (NETD) & e2Companies

• No Terminations

• Completions:

  • RF Acquisition (RFAC) & GCL Global (GCL), -70% from IPO

  • Bellevue Life Sciences (BLAC) & OSR Holdings (OSRH), -70% from IPO

  • FTAC Emerald (OTC: FLDD) & Fold Holdings (FLD), +9% from IPO

  • Western Acquisition Ventures (OTC: WAVS) & Cycurion (CYCU), +0% from IPO

Merger Votes

See more: Merger Votes Calendar

• Merger votes set:

  • Rigel Resource ($RRACF) & Aurous: Feb 26th. — SF

  • FTAC Emerald ($FLDD) & Fold Feb 13th. — SF

  • Perception Capital IV ($RCFAF) & Blue Gold: Mar 6th. — SF

  • Marblegate ($GATE) & DePalma: Mar 25th. — SF

• Deals in limbo (merger approved & pending closing):

  • ShoulderUp Technology (OTC: SUAC) & SEE ID — Approved this week

  • PowerUp (PWUP) & Aspire Biopharma — Approved this week

  • Bowen (BOWN) & Shenzhen Qianzhi BioTech (Emerald)

  • Global Star (GLST) & K Enter

Extensions

See more: Extension Votes Calendar

• No Approvals

• No Votes set

IPOs and New S-1s

See more: IPO Calendar & Pre-IPO Dataset

• New IPOs:

  • Artius II Acquisition Inc. (AACB-U) —PR

  • Maywood Acquisition Corp. ($MAYA-U) —PR

• New Filings:

  • Texas Ventures Acquisition III Corp (TVA) — S-1

  • UY Scuti Acquisition Corp. ($UYSC) — S-1

  • Harvard Ave Acquisition Corporation (HAVA) — S-1

  • Crane Harbor Acquisition Corp. (CHAC) — S-1

Liquidations

See more: Liquidations Dataset

• Announcements/ Delistings

  • Zalatoris Acquisition Corp. (TCOA) liquidated at a redemption price of appx. $11.42 per share.

  • Future Health ESG Corp. (FHLT) liquidated at a redemption price of $11.06 per share.

• 6 SPACs have liquidated YTD, and 1 is in the process of liquidating.

Current Stats:

See more: SPAC Stats

Daily 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-

De-SPAC Volume Leaders

The Deals

1) Quetta (QETA) announced it entered into a definitive agreement to merge with Chinese automotive film manufacturer KM Quad at a $300 million valuation. — PR / 8-K

• Target Details:

  • HQ: Jiujiang, China

  • Description (from PR): KM QUAD’s operating subsidiary, Jiujiang Lida Technology Co. Ltd. (“Lida Technology,” also known as “QUAD”) was founded in 2016 in China, and over the years, QUAD has become one of the largest designers and manufacturers of film products applied in the automobile, construction, furniture, and battery industry nationwide. QUAD has over 100 intellectual property rights in China and 40 employees that are dedicated to research and development exclusively, and an established vast distribution network throughout China, covering over 200 cities in China.

• Valuation: $300M Pre-money equity value

SPAC Updates

Merger Votes / Completions

• FTAC Emerald (FLDD) & Fold completed their merger. The combined company, Fold Holdings, will trade under the new symbols FLD and FLDDW on Nasdaq after uplisting from OTC following Nasdaq listing approval, expected on or around Feb 19. Redemption results: 71% redeemed, leaving 1,341,633 public SPAC shares ($14.9M). —SF

• Bellevue Life Sciences (BLAC) closed its merger with OSR Holdings with the combined company, OSR Holdings, to begin trading under the ticker symbols OSRH and OSRHW on Tuesday, Feb 18. — PR

• Western Ventures (OTC: WAVS) closed its merger with Cycurion. The combined company, Cycurion, will trade under the symbols CYCU and CYCUW starting Tuesday, Feb 18. —SF

• Marblegate ($GATE) & DePalma set the merger vote for March 25. — SF

Deal Updates

• Welsbach Technology Metals (WTMA) and its merger partner Evolution Metals Corp amended the BCA to, among other things, adjust the allocation of company membership units to Korea NewCo and US NewCo, modify the composition of the post-closing board of directors, and update other administrative and governance related details. —SF

•  AltEnergy (AEAE) & Car Tech (Shinyoung Co. subsidiary) amended their merger agreement to, among other things, provide additional merger consideration in the form of warrants. This revised arrangement now includes a total consideration of $80 million, an additional $40 million in earn-out considerations, and the issuance of 6,000,000 Merger Consideration Warrants. The agreement also removed the requirement for $50 million in PIPE financing as a condition for closing. —SF

Extensions

• DT Cloud ($DYCQ) filed a supplement to its proxy for the Feb 21 extension vote, increasing the monthly extension fee from $70,000 to $0.022 per public share. The meeting was postponed from Feb 18 to Feb 21, with the redemption deadline extended to Feb 19. — SF

Listings

Listing Warnings / Transfers:

• byNordic ($BYNO) received a non-compliance warning from Nasdaq and will be delisted on Feb 18, with plans to trade OTC. — SF

• Global Star ($GLST) received a Nasdaq delisting determination and has appealed the decision, requesting a hearing to present its compliance plan. — SF

• Agriculture & Natural Solutions ($ANSC) received a non-compliance warning from Nasdaq and has until March 28, to submit a compliance plan. — SF

Key Filings

Extensions:

• Clean Energy Special Situations ($SWSS) — PRE

• Bannix ($BNIX) — PRER

S-4 Filings*:

• ClimateRock ($CLRC) & GreenRock Corp — F-4/A

• Southport ($PORT) & Angel Studios — S-4

• FutureTech II ($FTII) & Longevity Biomedical — S-4

• AltEnergy ($AEAE) & Car Tech — S-4/A

• IX ($IXAQF) & AERKOMM — S-4/A

• Yotta ($YOTA) & DRIVEiT Financial Auto Group — S-4/A

Post-Merger S-1 Filings**:

• Binah Capital Group ($BCG) — S-1

*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