Our ETFs

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How to Buy Stocks Before Top Money Managers Do.

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LAST WEEK IN REVIEW

• 1 new SPAC IPO priced this past week for ~$58.0M
• No new SPAC IPOs were put into     registration
• 2 SPACs announced business combinations for a total EV     of ~$1.7B. Transactions include: Southport / Angel Studios (EV     of ~$1.6B) and Alpha Star / Xdata (EV of ~$180.0M)

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US SPAC  Market

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Total Active  SPACs

205

$12.9bln

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Pre-Deal /  Seeking

96

$9.1bln

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Announced Mergers

109

$3.8bln

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S-1s Awaiting  Pricing

29

$3.7bln

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• Focus Impact Acquisition Corp (FIAC, FIACW)some text
   
  • On September 14, FIAC announced      they have received shareholder approval of their pending merger with      Devvstream. No expected closing date was provided.

• Jacobs Solutions (J, J-W) & Amentum     Holdings (AMTM, AMTM-W)some text
   
  • On September 13, J announced      the relevant dates for their upcoming Reverse Morris Trust (RMT) with      Amentum. Ratio: 1 share AMTM for every 1 J held some text
     
    • Record Date: 9/23/24 / Listed When-Issued       Date: 9/24/24 / Distribution Date: 9/27/24
     
    • Regular Way Trading: 9/30/24
     
   
 
• Alpha Star Acquisition Corp (ALSA, ALSAW,     ALSAR)some text
   
  • On September 13, ALSA announced they have      entered into a definitive business combination with XDATA, an      Estonia-based fintech company.
 
• Federal National Mortgage Association     (FNMA, FNMAS) & Federal Home Loan Mortgage Corp (FMCC, FMCKJ)some text
   
  • On September 13, the Wall Street Journal reported      that Trump allies are working on plans to privatize Fannie and Freddie      should he win the election.
  • AA Mission Acquisition Corp (AAM/U)some text
     
    • On September 12, AAM/U announced      their unitholders may elect to separately trade the 1 share and 0.50      warrants contained in each unit starting on 9/16.
   
  • DT Cloud Star Acquisition Corp (DTSQU)some text
     
    • On September 12, DTSQU announced      their unitholders may elect to separately trade the 1 share and 1 right      contained in each unit starting on 9/16.
   
  • Concord Acquisition Corp II (CNDA, CNDAW)some text
     
    • On September 12, Events.com announced      they have secured an upsized $200mm share subscription facility from GEM.      CNDA and Events.com recently entered into a definitive business      combination.
  • Southport Acquisition Corp (PORT, PORTW)some text
     
    • On September 11, PORT announced      a definitive business combination with Angel Studios, a studio media      company that has a bitcoin treasury strategy. The deal proposes to      convert the warrants to 0.10 shares upon closing, subject to warrant      holder approval.
    • Satellogic Inc. (SATL, SATLW)some text
       
      • On September 10, SATL announced      they were selected for a contract from NASA worth up to $476mm through      November 2028. The warrants have takeout protection, an $11.50 strike,      and a 1/26/27 expiry.
     
    • Seaport Entertainment (SEG)some text
       
      • On September 10, SEG announced      their board had approved a plan for an $175mm rights offering. Each right      entitles the holder to purchase shares of common stock at $25/share. The      record date for the offering is 9/20, the rights will commence      when-issued trading on 9/19, regular way trading on 9/24, and expire on      10/10.
    • B. Riley Financial (RILY, RILYG, RILYK,     RILYL, RILYM, RILYN, RILYP, RILYT, RILYZ)some text
       
      • On September 9, RILY announced      that they were negotiating a majority stake sale in Great American.
     
    • BlackSky Technology Inc. (BKSY, BKSY/WS)some text
       
      • On September 9, BKSY announced they were      selected for a contract from NASA worth up to $476mm through November      2028. The warrants have takeout protection, a $92 strike, and a 9/10/26      expiry.

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