Daily SPAC Update – July 2, 2025

by | Jul 2, 2025

July’s SPAC Market Taking Off with 3 More SPAC IPOs. Eureka Extends. Integrated Rail & Resources Deal Approved. Kairous Acquisition Confirms Liquidation.

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Daily SPAC Update

SPAC VOTE RESULTS
EURK – EUREKA ACQUISITION CORP * Extend to Jul 03, 2026 * 3,038,722 redeemed
SLAM – SLAM CORP * Extend to Dec 25, 2025 * 1,885,947 redeemed
IRRX – INTEGRATED RAIL & RESOURCES ACQUISITION CORP * Deal Approved with Tar Sands Holdings II, LLC * 16,528 redeemed * $223,624 removed * trust $13.53

SPAC LIQUIDATIONS
Kairous Acquisition Corp. Ltd (KACL)-> Liquidation on Jun 30

OTHER SPAC NEWS
KACL – KAIROUS ACQUISITION CORP LTD * Liquidation-> 2025-06-30
LPAA – LAUNCH ONE ACQUISITION CORP * Merger Agreement
RIBB – RIBBON ACQUISITION CORP * Merger Agreement
ATMV – ALPHAVEST ACQUISITION CORP * Merger Agreement Amendment
BKHA – BLACK HAWK ACQUISITION CORP * Vote Adjourned

SPAC DEAL & EXTENSION VOTES SET
HYAC – Haymaker Acquisition Corp 4 * EXTENSION VOTE SET: Jul 24, 2025 * trust $10.68

NEW SPAC IPOs
Jul 02: EVAC – Eqv Ventures Acquisition Corp. II $420M IPO
Jul 02: ORIQ – Origin Investment Corp I $60M IPO
Jul 02: ONCH – 1rt Acquisition Corp. $150M IPO
Jul 01: NMP – Nmp Acquisition Corp. $100M IPO
Jul 01: CCII – Cohen Circle Aqusition Corp. II $220M IPO
Jul 01: INAC – Indigo Acquisition Corp. $100M IPO
Jun 27: FIGX – Figx Capital Acquisition Corp. $131M IPO (+underwriter overallotment: $19.65M)
Jun 27: YORK – Yorkville Acquisition Corp. $150M IPO (+underwriter overallotment: $22.5M)

DeSPACs
Jul 01: JVSA DeSPAC to DoubleDragon Corporation, Hotel101 Global Pte. Ltd (HBNB)

SPAC LATE 10-K FILINGS
IMAQ – International Media Acquisition Corp : Late 10-K

SPAC DEALS ANNOUNCED
Jun 30 | RIBB – Ribbon Acquisition Corp + DRC Medicine Ltd.

ABOUT DRC Medicine Ltd.

Founded in 2007, DRC is an innovative healthcare and biotechnology company headquartered in Japan, focused on the research, development, and commercialization of advanced medical technologies that address significant global health challenges. The Company is best known for its proprietary Hydro Silver Titanium® technology, initially applied in consumer hygiene products such as masks and towels, and now being advanced to obtain medical device certification as among the world’s first therapeutic masks for seasonal allergic rhinitis . In addition to medical devices, the Company is developing a pipeline of In Vitro Diagnostic (“IVD”) kits for infectious diseases and allergen detection, combining its world-only cell-free protein synthesis technology leveraging AI powered Apps and is in final negotiation in acquiring an innovative ATP-enhancing drug for Parkinson’s disease.

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
5.74% ~ $ 9.49 | CHEB – CHENGHE ACQUISITION II CO (Announced)
1.42% ~ $ 11.45 | MBAV – M3-BRIGADE ACQUISITION V CORP (Pre-Deal)
.72% ~ $ 12.79 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
.54% ~ $ 10.68 | PCSC – PERCEPTIVE CAPITAL SOLUTIONS CORP (Pre-Deal)
.41% ~ $ 12.15 | EMCG – EMBRACE CHANGE ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-20.58% ~ $ 8.20 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
-10.09% ~ $ 9.45 | BOWN – BOWEN ACQUISITION CORP (Announced)
-2.43% ~ $ 27.12 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-1.68% ~ $ 11.70 | CEPO – CANTOR EQUITY PARTNERS I INC (Pre-Deal)
-1.42% ~ $ 15.24 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)

LATEST SPAC IPO PERFORMANCE
Jul 02 | EVAC – EQV Ventures Acquisition Corp. II
Jul 02 | ORIQ – Origin Investment Corp I
Jul 02 | ONCH – 1RT Acquisition Corp.
Jul 01 | CCII – Cohen Circle Aqusition Corp. II
Jul 01 | INAC – Indigo Acquisition Corp.
Jul 01 | NMP – NMP Acquisition Corp.
Jun 27 | $ 10.02 | FIGX – FIGX Capital Acquisition Corp.
Jun 27 | $ 11.10 | YORK – Yorkville Acquisition Corp.
Jun 25 | $ 10.01 | OBA – Oxley Bridge Acquisition
Jun 25 | $ 10.03 | LWAC – LightWave Acquisition Corp.
Jun 18 | $ 10.09 | AXIN – Axiom Intelligence Acquisition Corp 1
Jun 18 | $ 10.00 | PACH – Pioneer Acquisition I Corp
Jun 13 | $ 10.04 | BSAA – BEST SPAC I Acquistion Corp.
Jun 13 | $ 10.04 | BACC – Blue Acquisition Corp/Cayman
Jun 10 | $ 10.01 | BLUW – Blue Water Acquisition Corp. III

 

Recent Analysis

Daily SPAC Update – July 1, 2025

3 New SPAC IPOs for $420M Kick-Off July. JVSA DeSPACs to Hotel 101. Ribbon Deal with DRC Medicine. SLAM Shareholders Approve Extension.

Daily SPAC Update – June 30, 2025

Welsbach Technology Metals Deal and Extension Vote Pass. Breeze Extends. Eureka Acquisition Extension Vote. Blackhawk Vote Adjourned Again.

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