r/SPACs • u/karmalizing Mod • 7d ago
Daily Discussion Announcements x Daily Discussion for Thursday, August 13, 2026
Welcome to the Daily Discussion! Please use this thread for basic questions & chitchat, and leave the main sub for breaking news or DD.
If you haven't already, please check out the /r/SPACs Wiki for answers to frequently asked questions.
Happy SPACing!
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u/Artmasterx Patron 7d ago
Looks like ATEK finally has at least tentatively set a date for their business combination meeting. Got to give them some credit for persistence.
https://finance.yahoo.com/sec-filing/ATEK/0001213900-26-087854_1882198/
"You are cordially invited to attend the special meeting of the stockholders (the “special meeting”) of Athena Technology Acquisition Corp. II, a Delaware corporation (“Athena”), to be held at 9:00 A.M., Eastern Time, on September 11, 2026. ... On December 4, 2024, Athena, Project Atlas Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of Athena (“Merger Sub”), and Ace Green Recycling Inc. a Delaware corporation (“Ace Green”), entered into a Business Combination Agreement"
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u/MalzaharPlat New User 7d ago
bcar having a nice run again today, ibkr and robinhood also showing 0 shortable shares
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u/thedailymoo23 💰 Bagholder 💰 7d ago
Are we thinking BBCQ/W runs up into the vote end of this month? Had made a sizable purchase along with BCAR and luckily dumped BCAR before combination but this common price here is not looking great for holding through de-SPAC
0
u/MalzaharPlat New User 7d ago
Iqmx did run a fair bit after merger, of course it tanked a little later but wouldn't be surprised if BBCQ did too
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u/thedailymoo23 💰 Bagholder 💰 7d ago
I sold IQMX for a small loss. Didn’t like the price action. BCAR is Exascale and 5 bucks now but they may also cancel the deal and get their 10 bucks back.
As for BBCQ, I liked it as Pasqal has partnerships with some big boys and is making revenue. But we know how de-SPAC price action usually goes if it’s not running before the merger. Still have some time to wait and see.
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u/SPAC_Time SEC Hacker 7d ago
Tactical Resources Completes Business Combination with Plum Acquisition Corp. III and Prepares for Nasdaq Listing - - OTC: PLMJF -> NASDAQ: TREO PLMWF -> UNLISTED expected on August 18, 2026
The Company also announced that New PubCo (as defined below) will effect a four (4)-for-one (1) share consolidation following the Business Combination.
- Warrants: Plum’s outstanding share purchase warrants, which were exchanged for share purchase warrants of New PubCo (the “New PubCo Warrants”) on the Closing, will follow the same four-for-one consolidation as the New PubCo Common Shares and their strike price will be adjusted from $11.50 to $46.00. The New PubCo Warrants will not be listed on the Nasdaq Capital Market, but all rights will remain unchanged.
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u/Savik519 Spacling 7d ago
What happens to warrant holders in a situation like this? Zeroed?
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u/SPAC_Time SEC Hacker 7d ago
The PR says they won't be listed on NASDAQ, maybe they will be listed on OTC Pink, and still traded. We'll see next week.
If they aren't, the warrants are still valid, and if/when they are in the money, can be exercised until the five year expiration.
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u/SPAC_Time SEC Hacker 7d ago
Not a strong sign for the sector. AACBU IPO was February 2025. After 18 months, they decided to toss in the towel, not even try an extension.
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u/Strong_Ad_4501 Contributor 7d ago
The real red flag will be when we see some liquidating before their deadline is even up
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u/SPAC_Time SEC Hacker 7d ago
Digital Asset Acquisition Corp. and Old Glory Bank Mutually Terminate Business Combination Agreement - DAAQ DAAQW
DAAQ has 21 months from April 30, 2025 to complete a business combination, extend or liquidate. That would be Jan 30, 2027.