Daily SPAC Update – June 24, 2025

by | Jun 24, 2025

Bitcoin’s Pompliano Strikes SPAC Merger. SLAM and. Altenergy Both in Deal Termination Disputes. JVSA + DoubleDragon Deal Vote.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Jun 23 | CCCM – Columbus Circle Capital Corp I + ProCap BTC, LLC

ABOUT ProCap BTC, LLC
ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

SPAC DEAL & EXTENSION VOTES SET
CSLMF – Cslm Acquisition Corp * EXTENSION VOTE SET: Jul 14, 2025 * trust $12.06
BOWN – Bowen Acquisition Corp * EXTENSION VOTE SET: Jul 11, 2025 * trust $11.16

EXTENSION VOTES
SLAM – SLAM CORP * Vote June 18, 2025 -> extend to December 24, 2025

MERGER VOTES
JVSA – Jvspac Acquisition Corp DoubleDragon Corporation, Hotel101 Global Pte. Ltd
DoubleDragon Corporation currently has total assets of about US$3 billion, with a portfolio that spans over one million square meters of gross floor area principally from provincial community malls, a string of office buildings, a chain of industrial warehouse complexes and its chain of hotels. DoubleDragon Corporation has been listed on the Philippine Stock Exchange since 2014 and is controlled by two entities that own a combined 70% majority stake: Injap Investments Inc., which is a private family holding company led by Filipino Entrepreneur Edgar “Injap” Sia II, who is also the Chairman of MerryMart Consumer Corp, and Founder of Mang Inasal, one of the largest QSR fast food chains in the Philippines which is now under Jollibee Foods Corp.; and Honeystar Holdings Corp., which is a private family holding company led by Filipino Entrepreneur Tony Tan Caktiong, who is also the Chairman and Founder of the global QSR fast food chain Jollibee Foods Corp. Jollibee is the largest fast food QSR company in the Philippines and one of the largest globally through its portfolio of food brands with over 6,000 branches worldwide. Jollibee Foods Corp. currently has a market capitalization of over US$4.6 billion.

OTHER SPAC NEWS
SLAM – SLAM CORP * Deal Termination Dispute
AEAE – ALTENERGY ACQUISITION CORP * Deal Termination Dispute
BKHA – BLACK HAWK ACQUISITION CORP * Vote Adjourned
IROH – IRON HORSE ACQUISITIONS CORP * Vote Adjourned
EURK – EUREKA ACQUISITION CORP * Vote Postponed

SEPARATE WARRANTS/RIGHTS
Jun 24: ARMADA ACQUISITION CORP II (AACI)
Jun 24: CARTESIAN GROWTH CORP III (CGCT)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
5.16% ~ $ 12.22 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)
5.02% ~ $ 9.21 | CHEB – CHENGHE ACQUISITION II CO (Announced)
2.24% ~ $ 10.95 | DAAQ – DIGITAL ASSET ACQUISITION CORP (Pre-Deal)
1.69% ~ $ 10.80 | BKHA – BLACK HAWK ACQUISITION CORP (Announced)
.95% ~ $ 11.75 | TBMC – TRAILBLAZER MERGER CORP I (Announced)

YESTERDAY’S TOP SPAC LOSERS
-23.92% ~ $ 11.99 | CCCM – COLUMBUS CIRCLE CAPITAL CORP I (Announced)
-11.41% ~ $ 14.60 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
-7.76% ~ $ 12.48 | MBAV – M3-BRIGADE ACQUISITION V CORP (Pre-Deal)
-5.68% ~ $ 31.32 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-5.44% ~ $ 11.82 | HSPO – HORIZON SPACE ACQUISITION I CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Jun 18 | $ 10.08 | AXIN – Axiom Intelligence Acquisition Corp 1
Jun 18 | $ 10.01 | PACH – Pioneer Acquisition I Corp
Jun 13 | $ 10.06 | BACC – Blue Acquisition Corp/Cayman
Jun 13 | $ 10.04 | BSAA – BEST SPAC I Acquistion Corp.
Jun 10 | $ 10.02 | BLUW – Blue Water Acquisition Corp. III
May 29 | $ 10.11 | JENA – JENA ACQUISITION CORPORARTION II
May 29 | $ 10.08 | WTG – Wintergreen Acquisition Corp.
May 28 | $ 10.16 | KCHV – Kochav Defense Acquisition Corp.
May 28 | $ 10.16 | CHPG – ChampionsGate Acquisition Corp

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