Papaya Growth Opportunity (PPYA) + PX Energy Deal Announced. FERA, RAC, LOKV Separate Trading. Globalink and IX Acquisition Amend Merger Agreements.
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SPAC DEALS ANNOUNCED
Apr 21 | PPYA – Papaya Growth Opportunity Corp I + PX Energy
ABOUT PX Energy
PX Energy (www.pxenergy.com.br) operates a vertically integrated petroleum refining, recycling facility and mining operation in southern Brazil and has successfully been in continuous operation since the 1990s. PX Energy is specialized in the production of fuel oil, naphtha, LPG, fuel gas, sulfur, and fertilizer inputs. PX Energy has established itself as a global leader in oil shale research, exploration, and processing. The company is reinforcing its commitment to innovation, energy efficiency, and sustainable development in the refining sector. The company utilizes an advanced pyrolysis process, a heating method conducted in an oxygen-free environment, which efficiently extracts kerogen from oil shale. PX Energy’s infrastructure includes a modern mining facility, a pyrolysis reactor, oil processing units, and treatment systems, ensuring maximum operational efficiency while adhering to environmental standards. Since being acquired by Forbes & Manhattan from Petrobras in November 2022, PX Energy has experienced remarkable growth, and now produces over 1,500,000 barrels of oil equivalent per year. The company has expanded by approximately 40% between November 2022 and November 2024, reinforcing its commitment to innovation, energy efficiency, and sustainable growth.
SEPARATE WARRANTS/RIGHTS
Apr 21: FIFTH ERA ACQUISITION CORP I (FERA)
Apr 21: RITHM ACQUISITION CORP (RAC)
Apr 21: LIVE OAK ACQUISITION CORP V (LOKV)
OTHER SPAC NEWS
GLLI – GLOBALINK INVESTMENT INC * Merger Agreement Amendment
IXAQF – IX ACQUISITION CORP * Merger Agreement Amendment
SPAC LIQUIDATIONS
Global Blockchain Acquisition Corp. (GBBK)-> Liquidation on Apr 13
YESTERDAY’S TOP SPAC GAINERS
23.65% ~ $ 9.49 | BOWN – BOWEN ACQUISITION CORP (Announced)
7.56% ~ $ 11.67 | HCVI – HENNESSY CAPITAL INVESTMENT CORP VI (Announced)
1.20% ~ $ 11.99 | HSPO – HORIZON SPACE ACQUISITION I CORP (Announced)
1.00% ~ $ 11.11 | ESHA – ESH ACQUISITION CORP (Pre-Deal)
.69% ~ $ 10.15 | JACS – JACKSON ACQUISITION CO II (Pre-Deal)
YESTERDAY’S TOP SPAC LOSERS
-11.70% ~ $ 16.22 | AIMAU – AIMFINITY INVESTMENT CORP I (Announced)
-9.95% ~ $ 11.50 | MSSA – METAL SKY STAR ACQUISITION CORP (Pre-Deal)
-5.93% ~ $ 11.43 | DECA – DENALI CAPITAL ACQUISITION CORP (Announced)
-2.62% ~ $ 11.15 | BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD (Announced)
-.52% ~ $ 11.49 | SVII – SPRING VALLEY ACQUISITION CORP II (Pre-Deal)
LATEST SPAC IPO PERFORMANCE
Apr 10 | $ 10.00 | TACH – Titan Acquisition Corp.
Apr 03 | $ 9.99 | SZZL – Sizzle Acquisition Corp. II
Apr 03 | $ 10.00 | SOUL – Soulpower Acquisition Corp.
Apr 01 | $ 10.05 | SDHI – Siddhi Acquisition Corp
Mar 31 | $ 10.07 | UYSC – UY Scuti Acquisition Corp.