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November 18, 2024
News From the Past Week

Deal Closings & Approvals

  • Atlantic Coastal Acquisition Corp. II (formerly ACAB) closed its acquisition of Abpro Corporation on Tuesday 11/12/2024 with less than 1% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “ABP” and “ABPWW.”
IPOs
Name Ticker Raised ($mm) Sector Cash in Trust Coverage
Horizon Space II HSPT 60 General 100.0% R

New S-1's
Name Ticker Size ($mm) Underwriter Trust Funding Coverage
FPA Energy FPAQ 101 I-Bankers 101.0% R
Columbus Acq COLA 58 A.G.P. 100.0% R

Liquidations
Name Ticker Size ($mm) Announced Liq. Date Trust Per Share
SilverBox Corp III SBXC 138 11/15/2024 11/6/2024 TBD

Charter Extensions

  • FNVT extended its charter through 5/8/2025 with a monthly $37,5009 ($0.043 per share) sponsor contribution to trust. Approximately 5% of public shares remain, representing $10mm in trust.
  • MCAG extended its charter through 11/16/2025 with a $0.10 per share sponsor contribution to trust every three months. Approximately 1% of public shares remain, representing $1mm in trust.
  • MSSA extended its charter through 4/5/2025 with a monthly $50,000 ($0.091 per share) sponsor contribution to trust. Approximately 5% of public shares remain, representing $6mm in trust.
  • GBBK extended its charter through 8/12/2025 with a monthly $0.05 per share sponsor contribution to trust. Approximately 4% of public shares remain, representing $8mm in trust.
  • BLAC extended its charter through 2/14/2025 with no sponsor contribution to trust. Approximately 2% of public shares remain, representing $1mm in trust.
  • DPCS extended its charter through 11/12/2025 with no sponsor contribution to trust. Less than 1% of public shares remain, representing $1mm in trust.
  • PORT extended its charter through 9/30/2025 with no sponsor contribution to trust. Less than 1% of public shares remain, representing less than $1mm in trust.

Upcoming Meetings and Deadlines

  • 11/18/2024 SUAC Charter extension meeting (liquidation deadline 11/19/2024)
  • 11/18/2024 FTII Charter extension meeting (liquidation deadline 11/18/2024)
  • 11/18/2024 DIST Liquidation deadline
  • 11/18/2024 IPXX Charter extension meeting (liquidation deadline 11/30/2024)
  • 11/22/2024 AITR Charter extension meeting
  • 11/22/2024 BLEU Liquidation deadline
  • 11/22/2024 MNTN Charter extension meeting (liquidation deadline 11/23/2024)
Disclosures: Site administrators may maintain positions in various SPAC securities and may trade in or out of those securities at any time without notice. Information from spacresearch.com is provided for informational purposes only and should not be relied upon as the basis for any investment decision. Nothing on spacresearch.com is a recommendation or solicitation to buy or sell any investment.
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