Daily SPAC Update – March 14, 2025

by | Mar 14, 2025

Finnovate Delays Deal Vote Again. Bannix Acquisition (BNIX) Extends. Bukit Jalil (BUJA) and Sk Growth (SKGR) Votes Set. Columbus Acquisition (COLA) Separate Trading.

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Daily SPAC Update

SPAC VOTE RESULTS
BNIX – BANNIX ACQUISITION CORP * Extend to Jun 14, 2025 * 225,082 redeemed * $2,572,687.26 removed * trust $11.43

SPAC DEAL & EXTENSION VOTES SET
BUJA – Bukit Jalil Global Acquisition 1 Ltd * DEAL VOTE SET: Mar 31, 2025 * trust $11.31
SKGR – Sk Growth Opportunities Corp * EXTENSION VOTE SET: Mar 27, 2025 * trust $11.69

SEPARATE WARRANTS/RIGHTS
Mar 17: COLUMBUS ACQUISITION CORP (COLA)

OTHER SPAC NEWS
DSAQ – DIRECT SELLING ACQUISITION CORP * Trust Update * trust $11.86
FNVTF – FINNOVATE ACQUISITION CORP * Deal Vote Postponed
SKGR – SK GROWTH OPPORTUNITIES CORP * Investor Deck
BHAC – FOCUS IMPACT BH3 ACQUISITION CO * Investor Deck

YESTERDAY’S TOP SPAC GAINERS
17.70% ~ $ 4.36 | BOWN – BOWEN ACQUISITION CORP (Announced)
.65% ~ $ 10.79 | HLXB – HELIX ACQUISITION CORP II (Announced)
.61% ~ $ 11.50 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
.46% ~ $ 10.95 | GATE – MARBLEGATE ACQUISITION CORP (Announced)
.30% ~ $ 10.02 | WLAC – WILLOW LANE ACQUISITION CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-1.95% ~ $ 10.79 | IPXX – INFLECTION POINT ACQUISITION CORP II (Announced)
-.96% ~ $ 11.40 | FTII – FUTURETECH II ACQUISITION CORP (Announced)
-.61% ~ $ 6.56 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
-.60% ~ $ 11.68 | AQU – AQUARON ACQUISITION CORP (Announced)
-.50% ~ $ 9.99 | DMAA – DRUGS MADE IN AMERICA ACQUISITION CORP (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Feb 27 | $ 10.05 | LOKV – Live Oak Acquisition Corp. V
Feb 27 | $ 10.04 | NHIC – NewHold Investment Corp. III
Feb 27 | $ 10.02 | FERA – Fifth Era Acquisition Corp I
Feb 26 | $ 10.04 | RAC – Rithm Acquisition Corp.
Feb 12 | $ 10.06 | AACB – Artius II Acquisition Inc.
Feb 12 | $ 10.13 | MAYA – Maywood Acquisition Corp.

Recent Analysis

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

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.

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