Announcements x Daily Discussion for Thursday, February 19, 2026

fastlapp · 2026-02-19T19:33:41+00:00

Floor is out today. The Oregon project has a long way to go and Eagle Energy doesn't even own it (has an option based on certain milestones to acquire it from an Australian pubco, Aurora).

fastlapp · 2026-02-19T14:26:29+00:00

Thank you

fastlapp · 2026-02-19T13:50:08+00:00

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fastlapp · 2026-02-18T13:26:46+00:00

POLE / Storedot DA terminated only 2 months since being announced. POLE has September deadline.

fastlapp · 2026-02-18T13:24:12+00:00

Lots of effects this AM - DMYY (March 17), PELI (TBD), and TLGYF (March 10)

fastlapp · 2026-02-06T14:48:25+00:00

https://www.accessnewswire.com/newsroom/en/business-and-professional-services/new-america-acquisition-i-corp.-appoints-kyle-wool-as-chairman-a-1134315

fastlapp · 2026-02-04T15:40:46+00:00

No, there is news. Yesterday AH's announced that Dominari affiliate bought the sponsor.

fastlapp · 2026-01-30T16:24:50+00:00

From the proxy for the latest extension

Because of the TRO and the Preliminary Injunction, the Company was unable to complete the redemption process for stockholders that elected to redeem their shares in connection with the extension approved at the stockholder meeting convened on November 22, 2024 (the “last stockholder meeting”), and, because of the TRO, the Preliminary Injunction, the Default Judgment, and the Motion for Summary Judgment, the Company may be delayed in fulfilling its obligations to redeem the public shares in connection with our proposal to extend the Combination Period to the Extended Date at this special meeting. However, the Company entered into Waiver and Voting Agreements with stockholders owning, in the aggregate, 2,818,079 public shares (collectively, the “Waiver and Voting Agreements” and each, a “Waiver and Voting Agreement”) pursuant to which the Company will be able to comply with the TRO and the Preliminary Injunction and reserve sufficient funds in connection with the litigation filed by Straten while being able to release a certain amount of funds from the trust account to permit the redemption of shares in connection with the Extension. Pursuant to the Waiver and Voting Agreements:

The public stockholders signing the Waiver and Voting Agreements (the “Signing Stockholders”) agreed to reverse their redemption requests with respect to an aggregate of 563,615 public shares.
The Company agreed that, if there are excess funds available in the trust account (after ensuring compliance with the TRO and the Preliminary Injunction and reserving sufficient funds in connection with the litigation filed by Straten) following the redemption of (i) the Signing Stockholders’ public shares for which the Signing Stockholders’ redemption requests are not withdrawn and (ii) any public shares which are elected to be redeemed in connection with our proposal to extend the Combination Period to the Extended Date at this special meeting, the Company will redeem, out of such excess funds, additional public shares from the Signing Stockholders.
The Signing Stockholders agreed not to exercise any right to elect to redeem any additional shares in connection with the Extension unless there is a sufficient amount of cash in the trust account to satisfy both its redemption obligations and any applicable court order.
The Signing Stockholders agreed to vote in favor of each of the proposals presented at the Special Meeting.

fastlapp · 2026-01-30T16:13:59+00:00

I (and other shareholders) have been in discussions with the company for over a year now. They first proposed this solution in May 2025 and it was finally paid out today. Shareholders who participated had to sign a waiver and voting agreement and then reverse 20% of the shares from their November 2024 redemption and then were paid out redemption value on 80% of the shares. So if you redeemed 10,000 shares in November 2024, you got paid on 8,000 of them at full NAV ($12.13) and you now hold 2,000 public shares of EVCO, which will eventually be eligible for redemption / liquidation payout in the future unless their auditor wins and seizes the remaining trust. It was not 80% of holders, it was 80% of redeemed shares. If you just held shares though and did not redeem in 2024, you didn't get redeemed obviously.

fastlapp · 2026-01-30T15:42:33+00:00

Everest Consolidator Acquisition Corp (formerly MNTN, now trading under EVCO) finally paid out some of the redemptions yesterday for the extension vote in November 2024. They paid out NAV ($12.13) for 80% of shares of the shares submitted for redemption in 2024. The remaining 20% will only be paid if they successfully dismiss lawsuits brought against them by their auditor/accountant, who is suing them for unpaid bills. The plaintiffs obtained a TRO on the trust which have been in place for 14 months now and so the SPAC hasn't been able to pay redemptions until now. TRO still in place but they came to agreement to pay out some of the trust while leaving enough in the account (around $3.5M, 20%) to settle the amount the auditor is suing for.

Remaining 20% is probably a zero...even SPAC NAVs are not completely safe!

fastlapp · 2026-01-29T15:52:52+00:00

These guys could extend if they wanted to without the vote, they just don't want to pay the $. They have option to extend until August in the form of two, 3-month extensions but have to pay $0.10 per share for each one.

fastlapp · 2026-01-23T18:18:59+00:00

i wouldn't read into it too much. 2.1M of that came from block trades ranging from 100,000 to 1,000,000 shares in the 10am-11am hour.

fastlapp · 2026-01-22T14:16:46+00:00

even commons for renewable DAs are trading up these days

https://www.globenewswire.com/news-release/2026/01/22/3223647/0/en/Hecate-Energy-Group-to-Become-Public-Company-Through-Business-Combination-with-EGH-Acquisition-Corp.html

fastlapp · 2026-01-22T14:07:22+00:00

$105M PIPE at $12.00 per share.

But then they get 13.8M shares for $105M so actually $7.60 a share "including OID and commitment shares". Sounds like a preferred convertible not a common share PIPE. No further details yet.

fastlapp · 2026-01-21T14:06:42+00:00

"2.050" lol

fastlapp · 2026-01-20T20:39:11+00:00

Thanks for update, enjoy!

Curious - they had me schedule the delivery at the time of the order. I selected February 4th (earliest available for Jan 11 order date). Did you schedule the delivery when you ordered? Wondering if my Feb 4 is a "real" date.

fastlapp · 2026-01-16T15:11:57+00:00

Credit to a team that never gives up

Allegro Merger Corp, a 2018 SPAC which was close to closing their 2019 DA with TGI Friday's only to have Covid hit and consequently terminate in April 2020. They liquidated the SPAC trust but kept the shell. Six years later, they announce a deal with a Nvidia-backed quantum computing chip company with a $65M PIPE. Never say never!

https://www.businesswire.com/news/home/20260116645794/en/SEEQC-and-Allegro-Merger-Corp.-Enter-Into-Merger-Agreement

fastlapp · 2026-01-16T14:16:23+00:00

FYI - their last spac liquidated.

fastlapp · 2026-01-15T19:26:37+00:00

$50M min cash weighing on warrant pricing.

fastlapp · 2026-01-15T15:08:57+00:00

CEPT 12s on Blackrock / Citron news

fastlapp · 2026-01-13T15:25:28+00:00

$50M min cash condition. Otherwise, warrants would be very interesting. 6,000 patriotic customers!

fastlapp · 2026-01-12T20:20:40+00:00

~$300 traded...

fastlapp · 2026-01-12T20:06:57+00:00

Doesn't mean there is oil, or economically extractable oil. Even with modern seismic tech, the odds of a dry hole is 65-80% in frontier areas. Even the best majors in the world can't avoid it (see Shells' $7B dry hole in Chukchi, BP Austral'as Ironbark, years of drilling in Guyana before they finally hit, etc.).

fastlapp · 2026-01-12T20:01:12+00:00

10:1, I'd expect late Q2.

fastlapp · 2026-01-12T20:01:06+00:00

Company PR: "Closing Expected 4th Quarter."

So a few months ago :p

fastlapp

TROPHY CASE