Daily SPAC Update – March 10, 2025

by | Mar 10, 2025

Inflection Point Acquisition II + USA Rare Earth Deal Vote. Aquaron Acquisition Delisting.

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Daily SPAC Update

MERGER VOTES
IPXX – Inflection Point Acquisition Corp II + USA Rare Earth, LLC

USA Rare Earth, LLC (“USARE”) is a company building a vertically integrated, domestic rare earth element magnet production supply chain. USARE is building out a magnet production facility in Stillwater, Oklahoma and controls mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas. USARE is poised to become a leading domestic supplier of rare earth magnets and heavy rare earth elements needed in the electric vehicle, green energy, consumer electronics, and defense industries, as well as for chipsets, semiconductors, and 5G.

OTHER SPAC NEWS
AQU – AQUARON ACQUISITION CORP * Delisting

YESTERDAY’S TOP SPAC GAINERS
21.40% ~ $ 12.99 | IPXX – INFLECTION POINT ACQUISITION CORP II (Announced)
2.15% ~ $ 3.80 | BOWN – BOWEN ACQUISITION CORP (Announced)
1.23% ~ $ 11.54 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Pre-Deal)
.54% ~ $ 11.09 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
.47% ~ $ 10.67 | QETA – QUETTA ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-1.16% ~ $ 11.95 | EVGR – EVERGREEN CORP (Announced)
-.96% ~ $ 11.40 | FTII – FUTURETECH II ACQUISITION CORP (Announced)
-.79% ~ $ 11.25 | TBMC – TRAILBLAZER MERGER CORP I (Announced)
-.75% ~ $ 10.48 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
-.61% ~ $ 6.56 | GLST – GLOBAL STAR ACQUISITION INC (Announced)

LATEST SPAC IPO PERFORMANCE
Feb 27 | $ 10.02 | FERA – Fifth Era Acquisition Corp I
Feb 27 | $ 10.04 | LOKV – Live Oak Acquisition Corp. V
Feb 27 | $ 10.03 | NHIC – NewHold Investment Corp. III
Feb 26 | $ .00 | RAC – Rithm Acquisition Corp.
Feb 12 | $ 10.04 | AACB – Artius II Acquisition Inc.
Feb 12 | $ 10.12 | MAYA – Maywood Acquisition Corp.
Feb 10 | $ 10.05 | ATII – Archimedes Tech SPAC Partners II Co.

 

Recent Analysis

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

Impactive Capital Secures Full Three-Seat Slate at WEX

Impactive Capital has reached a cooperation agreement with WEX Inc., securing all three board seats it sought. The agreement follows a proxy contest and addresses WEX’s underperformance, trailing the S&P 500 by 24 points on a three-year CAGR basis.

Beretta Holding Gains Two Seats at Sturm Ruger After Proxy Fight

Sturm, Ruger & Co. Inc. (RGR) and Beretta Holding S.A. have reached a cooperation agreement granting Beretta the right to appoint two independent directors post-2026 Annual Meeting. This move follows Beretta’s campaign for boardroom change, highlighting governance and performance issues.

Daily SPAC Update – May 4, 2026

Blueport + SingAuto and Galaxyedge + Rongcheng Group Deals announced late Friday. Pono Capital Four separate trading. Gigcapital 7 non-redemption agreement.

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