Daily SPAC Update – June 9, 2025

by | Jun 9, 2025

Quartzsea + Gaorkai Materials Deal. Northview + PROFUSA Deal Vote. Target Global Extension Vote. SLAM and WTMA Set Extension Votes.

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Daily SPAC Update

DeSPACs
Jun 09: BHAC DeSPAC to XCF Global Capital (SAFX)

SPAC DEAL & EXTENSION VOTES SET
SLAM – Slam Corp * EXTENSION VOTE SET: Jun 18, 2025 * trust $12.29
WTMA – Welsbach Technology Metals Acquisition Corp * EXTENSION VOTE SET: Jun 26, 2025 * trust $11.28

EXTENSION VOTES
TGAAF – TARGET GLOBAL ACQUISITION I CORP * vote June 9, 2025 -> extend from June 9, 2025 to December 9, 2026

MERGER VOTES
NVAC – Northview Acquisition Corp PROFUSA, Inc.

SPAC DEALS ANNOUNCED
Jun 06 | QSEA – Quartzsea Acquisition Corp + Zhejiang Gaokai New Materials Co

ABOUT Zhejiang Gaokai New Materials Co
Gaokai, through its operating subsidiary Zhejiang Gaokai New Materials Co., Ltd., is a high-tech enterprise specializing in the manufacture of high quality. customized PET (polyethylene terephthalate) cups and PET lids, with products widely used in packaging markets of aviation, yogurt, juice, fruit tea, coffee, and cold beverage markets. Established in 2021 and located in Haining Jianshan New District, Zhejiang Province, the company operates within the PET industrial park in convenience for sourcing and developing advanced PET raw material. Gaokai’s core competitive advantages include stable and high-performance raw PET materials, comprehensive upstream sheet manufacturing capabilities, advanced equipment and automated production lines, and high-transparency, innovative product designs. The company offers comprehensive PET cup customization services, including advanced cup printing technology for custom logos, sizes, and shapes. With the comprehensive capabilities of material R&D, innovative design, advanced manufacturing and efficient operation, Gaokai has established itself as a professional PET cup manufacturing base managed by experienced cup manufacturing professionals.

Jun 05 | CCIX – Churchill Capital Corp Ix + Plus

ABOUT Plus
Plus, also known as PlusAI, is a Physical AI company pioneering AI-based virtual driver software for factory-built autonomous trucks. Headquartered in Silicon Valley with operations in the United States and Europe, Plus was named by Fast Company as one of the World’s Most Innovative Companies. Partners including TRATON GROUP’s Scania, MAN, and International brands, Hyundai Motor Company, Iveco Group, Bosch, and DSV are working with Plus to accelerate the deployment of next-generation autonomous trucks.

SEPARATE WARRANTS/RIGHTS
Jun 09: RENATUS TACTICAL ACQUISITION CORP I (RTAC)
Jun 09: COLUMBUS CIRCLE CAPITAL CORP I (CCCM)

OTHER SPAC NEWS
CCIR – COHEN CIRCLE ACQUISITION CORP I * Investor Deck
SBXD – SILVERBOX CORP IV * Non-Binding LOI

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-06-05: INTE + Flybondi Limited

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
20.42% ~ $ 14.45 | DIST – DISTOKEN ACQUISITION CORP (Announced)
6.39% ~ $ 14.65 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
2.46% ~ $ 14.60 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
.75% ~ $ 10.80 | DYCQ – DT CLOUD ACQUISITION CORP (Announced)
.68% ~ $ 10.32 | TACO – BERTO ACQUISITION CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-5.10% ~ $ 9.30 | CHEB – CHENGHE ACQUISITION II CO (Announced)
-2.54% ~ $ 11.13 | AACT – ARES ACQUISITION CORP II (Announced)
-1.66% ~ $ 12.43 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
-1.64% ~ $ 10.81 | BOWN – BOWEN ACQUISITION CORP (Announced)
-1.05% ~ $ 11.36 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Announced)

LATEST SPAC IPO PERFORMANCE
May 29 | $ 10.03 | WTG – Wintergreen Acquisition Corp.
May 29 | $ 10.11 | JENA – JENA ACQUISITION CORPORARTION II
May 28 | $ 10.06 | KCHV – Kochav Defense Acquisition Corp.
May 28 | $ 10.06 | CHPG – ChampionsGate Acquisition Corp
May 23 | $ 10.06 | PELI – Pelican Acquisition Corp
May 23 | $ 10.07 | CRA – Cal Redwood Acquisition Corp.
May 22 | $ 10.09 | OYSE – Oyster Enterprises II Acquisition Corp
May 21 | $ 11.17 | PCAP – ProCap Acquisition Corp
May 21 | $ 10.09 | AACI – Armada Acquisition Corp. II
May 16 | $ 10.63 | WENN – WEN Acquisition Corp
May 16 | $ 10.30 | CCCM – Columbus Circle Capital Corp. I
May 15 | $ 12.40 | RTAC – Renatus Tactical Acquisition Corp I
May 15 | $ 10.13 | TVAI – Thayer Ventures Acquisition Corp II
May 14 | $ 10.40 | CCCX – Churchill Capital Corp X
May 13 | $ 10.30 | PMTR – Perimeter Acquisition Corp. I

 

Recent Analysis

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