Review of De-SPAC Information in the US Stock Market on May 10, 2024
2024-05-14 09:39uSMART

 As of May 10, 2024, a total of 37 companies in the US capital market have been listed on Nasdaq/NYSE by merging with the SPAC. Apart from five companies selecting to list on NYSE, the rest chose Nasdaq for listing, demonstrating preference of the SPAC market.

 

 The 37 listed companies have a combined market value of more than $22 billion, with the top seven having a market value of more than $1 billion. Among them, Geely Holding Group's sports car brand, Lutus Technology (LOT. Nasdaq), is worth well over $6 billion; core founding members from Bitmain's BitRich (FUFU. Nasdaq) is listed at $1.5 billion.

 

 Among the other enterprises, the issuance market value except two or three enterprises is all worth less than $100M USD, and the rest are all more than 100 million US dollars, while the lowest issuance market value is 50 million US dollars. There seems to be a trend of many medium-sized enterprises and less large and small enterprises.

 

In addition, the sectors involved in with the merger with SPAC from the 37 enterprises are the following : real estate, big health, traditional industrial enterprises, technology, autonomous driving, new energy, financial insurance, media entertainment, food and beverage and tourism.

 

The list of 37 enterprises (data statistics from SPAC TRACK) is as follows:

 

Company name

Stock Code

Chinese Concept Stock Related

HWH International Inc.

HWH

 

New Horizon Aircraft Ltd.

HOVR

 

Psyence Biomedical Ltd.

PBM

 

TruGolf Holdings, Inc.

TRUG

 

Solidion Technology Inc.

STI

 

DIH Holding US, Inc.

DHAI

 

Borealis Foods Inc.

BRLS

 

AtlasClear, Inc.

ATCH

 

Tevogen Bio Holdings Inc.

TVGN

 

Sable Offshore Corp.

SOC

 

CERo Therapeutics, Inc

CERO

 

Taiwan Color Optics

SELX

Chinese Taipei Stock

Lotus Technology Inc.

LOT

Related to GEELY

Critical Metals Corp.

CRML

 

BitFuFu

FUFU

Related to BITMAIN

QT Imaging Holdings Inc.

QTI

 

Nature's Miracle Holding Inc.

NMHI

Merger with Lakeshore Acquisition II Corp

(a SPAC controlled by Chinese Sponsor)

Zeo Energy Corp.

ZEO

 

Graphjet Technology

GTI

 

Brand Engagement Network Inc.

BNAI

 

Montana Technologies Corporation

AIRJ

 

Binah Capital Group

BCG

 

Murano Global Investments Plc

MRNO

 

Australian Oilseeds Investments

COOT

 

Trump Media & Technology Group Corp.

DJT

 

GCT Semiconductor

GCTS

 

LatAm Logistic Properties S.A.

LPA

 

Zapata Computing Holdings Inc.

ZPTA

 

CH Auto Technology Corporation Ltd

MCAF

 

DigiAsia Corp.

FAAS

 

NewGenIvf Group Limited

NIVF

 

ZOOZ Power Ltd.

ZOOZ

 

iLearningEngines, Inc.

AILE

 

SCHMID Group N.V.

SHMD

 

Nuvo Group Ltd.

NUVO

 

CONX Corp.

CONX

 

Oklo, Inc.

OKLO

 

 

 

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