Friday, China Holdings Acquisition Co. (AMEX: HOL) will have its deal vote to bring ceramic tile maker Jinjiang Hengda Ceramics Co., Ltd. The SPAC, earlier this week, entered into an agreement with forward contract champ Victory Park Capital Advisors to buy back 4 million shares at a small premium. The $150 million SPAC joins a long list of successful blank checks from this fall—among them, REIT-targeting vehicles Enterprise Acquisition Co. (AMEX: EST)—that used forward contracts to get their deals done.

New SPACs are headed to the market: 57th St. General Acquisition Co., using Morgan Joseph as its bookrunner, filed paperwork this week with regulators stating the intent to bring a $57 million blank check public. The SPAC, like GSME Acquisition Co., has a redemption threshold above the 80% mark. Warrant buyers should take note of the improved odds for a deal’s completion when making investment decisions, when both of these SPACs price. Both SPACs will trade OTC on the Bulletin Board.

Last week, it was revealed that Asia Special Situation Acquisition Co. (AMEX: CIO) lost not just its deal to buy an energy company, but its CEO as well, who resigned. The SPAC still has a few months to complete its deal, but the exit of its leadership and its one-time target spurning its offer to instead accept a $100 million investment elsewhere certainly does not bode well for the blank check.

Prospect Acquisition Co. (AMEX: PAX) completed its deal to buy California REIT Kennedy-Wilson Inc. last week. The SPAC’s merger was helped along, once again, by Victory Park Capital Advisors. China MediaExpress (AMEX: TMI) bought back almost $2 million in warrants, the SPAC revealed, in an effort to curb dilution. And China Fundamental Acquisition Co. (OTC: CFQCF) found a merger partner and might try to extend its deal deadline.

For more on these mergers and other deal votes, please visit www.SPACupdate.com.

Lately, Victory Park has helped several SPACs make it across the finish line, including Hicks Acquisition Co. (AMEX: TOH), Enterprise Acquisition Co. (AMEX: EST) and Triplecrown Acquisition Co. (AMEX: TCW). Earlier this week, Guardian Life Insurance Co., a lender to Kennedy-Wilson, bought into the blank check and was allowed to appoint one of its board members.

China Fundamental Acquisition Co. (OTC: CFQCF) has a deal. The SPAC has not revealed its merger target, so there’s not much more to report than that. The blank check’s warrants, at around $0.95, were trading higher than any other SPAC that had not declared a merger, prior to its announcement. China Fundamental told its shareholders it could look to extend its deal deadline by up to a year, to May 2011.

Global Brands Acquisition Co. (AMEX: GQN) has less than a month to complete a merger, but there is no time to get started like the present. As several SPACs have already done this fall, Global Brands will look to take Gerrity International, a West Coast REIT, public.

North Shore Acquisition Co. (OTC: NSAQ), which was working to get its merger with a Korean offshore drilling company completed by early December, announced that it is now attempting to push its deal deadline back to March 2010.

Asia Special Situation Acquisition Co. (AMEX: CIO) saw its deal with White Energy collapse when its target took a $100 million investment from another bidder. The SPAC now has until Jan. 10, 2010 to identify a new target and get a merger completed.

For more on these mergers and other deal votes, please visit www.SPACupdate.com.

NRDC Acquisition Co. (AMEX: NAQ) broke this painful streak for blank check management teams. Oddly, it is the only SPAC approaching a deal vote that does not have a specific target in mind.  NRDC simply aims to convert itself to REIT status and begin buying up distressed property. The SPAC’s shares traded up to $10.00 each at the close of trading Monday; recently, warrants sold at around $0.77, marking a substantial rebound. The SPAC’s per-share redemption value is $9.91. NRDC’s vote date comes in mid-October.

NRDC is not the only blank check pursuing real estate investments. Capitol Acquisition Co. (AMEX: CLA) has paired up with Pine River Capital Management’s Two Harbors Investment Corp.  The SPAC’s deal vote must come by early November.

As you will see below, there are many more recent developments in other SPACs and overlapping SPACs that will be coming front and center in the coming weeks.

Elsewhere, GHL Acquisition Co. (AMEX: GHQ) continues to execute buybacks as it approaches its Sept. 23 deal vote date.  Last week came word that Weiss Multi-Strategy Advisers took a stake of 6% in NRDC Acquisition Co. (AMEX: NAQ).  Also last week, Azimuth Opportunity LTD sold out of its stake in 2020 ChinaCap Acquiro Inc. (AMEX: TTY). Previously, it held a 5.6% stake.

Pine River Capital Management last week took a stake of 10% in Si Mei Te Food Co., the company brought public via China Discovery Acquisition Co. (CADUF). The investor, which looks to have affiliate Two Harbors Investment Corp. bought by SPAC Capitol Acquisition Co., has increasingly been buying into companies that were brought public, and lost value, in 2009.

Global Consumer Acquisition Co. (AMEX: GHC) has a new bank to buy, after its deal to buy assets from Colonial Bank fell apart with that target’s collapse. Now—along with 1st Commerce Bank—the SPAC will buy Service1st Bank of Nevada. The new entity will still be known as Western Liberty Bancorp and Service1st executives will mostly populate its top ranks. The SPAC has until late November to complete the deal.

Prospect Acquisition Co. (AMEX: PAX) has a deal to bring public a real estate investment firm with operations in the U.S. and Japan. The $248 million SPAC will buy Kennedy Wilson Inc.; it is requiring redemption of at least half of its warrants at $0.55 each. Warrants that are not redeemed will be subject to higher strike prices and a longer expiration date.  In a statement, the SPAC’s target highlighted distressed opportunities in California, where up to $10 billion in newly-constructed real estate is set to re-price to meet market conditions. The SPAC’s deal deadline comes in November.

Triplecrown Acquisition Co. (AMEX: TCW) is looking to buy Cullen Agricultural Technologies Co., which is rolling out Natural Dairy, a milk-processing optimizer, across the Southeast U.S. The target will eventually also buy up farmland along the Eastern Seaboard, where it looks to bring more efficient processing to the dairy industry. Triplecrown shareholders will wind up with 78% of the company going public; warrant strike prices and expiration dates have both been adjusted up to support the transaction. The SPAC’s deal deadline comes next month.

InterAmerican Acquisition Group (OTC: IAQGU) and China New Cities Development successfully merged, the blank check revealed. The SPAC’s shareholders who supported the transaction will be redeemed $4.85 per share. In days leading up to the SPAC’s deal deadline, the blank check repurchased about $24 million from would-be dissenting voters. The SPAC’s shares traded down more than 33% on the news.

-Brought to us exclusively by the SPACUpdate.com team.