Daily SPAC Update – May 14, 2025

by | May 14, 2025

Cantor Equity Partners / Tether Purchase $458 million in Bitcoin. Churchill Capital X Upsized IPO of $360 million. Black Spade II Deal Deck.

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Daily SPAC Update

CANTOR EQUITY PARTNERS / TETHER BUY BITCOIN
Cantor Equity Partners (CEP) and Tether announced that, as part of their SPAC deal, Tether purchased 4,812.22 Bitcoin (valued at $458.7M, or ~$95,320 per BTC) using expected PIPE proceeds. The Bitcoin is held in a designated wallet and will be sold to the post-combination entity at closing. As of the this writing, their Bitcoin investment now up over $500M.

See the CEP / Tether Bitcoin Wallet here: https://www.blockchain.com/explorer/addresses/btc/bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3

OTHER SPAC NEWS
BSII – BLACK SPADE ACQUISITION II CO * Investor Deck

SPAC DEALS ANNOUNCED
May 12 | HSPT – Horizon Space Acquisition Ii Corp + SL Bio Ltd.

ABOUT SL Bio Ltd.
SL Bio is a biomedical company focused on developing innovative cellular and gene therapies for cancer treatment and regenerative medicine. Leveraging proprietary technologies and strategic partnerships, the company is advancing next-generation immunotherapies and exosome-based products for both medical and consumer applications. SL Bio’s approach combines scientific expertise with a commitment to improving patient outcomes and addressing unmet needs in healthcare. SL Bio also offers ISO-certified, dermatologically tested cow milk-derived exosome-based products and plant extract products for skin and hair care, with commercial distribution in Asia.

NEW SPAC IPOs
May 14: CCCX – Churchill Capital Corp X $360M IPO
May 13: PMTR – Perimeter Acquisition Corp. I $210M IPO
May 09: EGHA – Egh Acquisition Corp. $150M IPO

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
4.75% ~ $ 12.78 | CEPO – CANTOR EQUITY PARTNERS I INC (Pre-Deal)
3.41% ~ $ 12.60 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Announced)
2.30% ~ $ 12.00 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Pre-Deal)
1.35% ~ $ 11.26 | CEPT – CANTOR EQUITY PARTNERS II INC (Pre-Deal)
1.28% ~ $ 11.85 | BOWN – BOWEN ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-10.95% ~ $ 28.06 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-5.93% ~ $ 11.43 | DECA – DENALI CAPITAL ACQUISITION CORP (Announced)
-2.36% ~ $ 11.18 | YOTA – YOTTA ACQUISITION CORP (Announced)
-1.94% ~ $ 14.12 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
-1.34% ~ $ 11.75 | RENE – CARTESIAN GROWTH CORP II (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
May 13 | PMTR – Perimeter Acquisition Corp. I
May 09 | $ 10.03 | EGHA – EGH Acquisition Corp.
May 07 | $ 10.02 | IPOD – Dune Acquisition Corp II
May 02 | $ 10.02 | CGCT – Cartesian Growth Corp III
May 02 | $ 11.30 | CEPT – Cantor Equity Partners II, Inc.
May 02 | $ 10.15 | GTEN – Gores Holdings X, Inc.
May 01 | $ 10.16 | RDAG – Republic Digital Acquisition Co
May 01 | $ 10.01 | COPL – Copley Acquisition Corp
Apr 29 | $ 10.05 | LCCC – Lakeshore Acquisition III Corp.
Apr 29 | $ 10.21 | TACO – Berto Acquisition Corp
Apr 28 | $ 10.39 | DAAQ – Digital Asset Acquisition Corp.
Apr 28 | $ 10.06 | RAAQ – Real Asset Acquisition Corp.
Apr 24 | $ 10.01 | CHAC – Crane Harbor Acquisition Corp.
Apr 24 | $ 10.14 | IPCX – Inflection Point Acquisition Corp. III
Apr 23 | $ 10.08 | NPAC – New Providence Acquisition Corp. III
Apr 22 | $ 10.03 | TVA – Texas Ventures Acquisition III Corp

 

 

 

 

 

Recent Analysis

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.

Weekly Boardroom & Executive Moves: May 1, 2026

This week, significant leadership changes occurred across several companies facing financial difficulties. Abbott Laboratories (ABT) and Agilon Health Inc (AGL) appointed new board members and executives amidst high activist risks and declining TSRs. Accuray Inc (ARAY) and ALT5 Sigma Corp (ALTS) also saw key executive departures and appointments as they navigate substantial TSR declines. These shifts highlight the ongoing challenges and strategic redirections needed to stabilize operations and improve shareholder value.

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