Safeguard, New America, and Activiate Energy Launch SPAC IPOs. Pompliano’s ProCap BTC and Twenty One Capital SPAC Deals Approved. Cartica + Nidar Infrastructure Deal Vote.

Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

Safeguard Acquisition Prices $200 Million IPO
Safeguard Acquisition priced its initial public offering yesterday, raising $200 million in gross proceeds through the sale of 20 million units at $10.00 per unit. The SPAC is targeting opportunities in the aerospace and defense, government services and national security, and space sectors. Led by CEO Mark Gottfredson, a partner at Bain & Company, the blank check company features the standard half-warrant structure with warrants exercisable at $11.50 per share. The IPO is expected to close on December 5, 2025, with the units listed on the NYSE.

New America Acquisition I Leads with $300 Million Offering
New America Acquisition I priced the largest of the day’s SPAC offerings, raising $300 million through 30 million units at $10.00 per unit. The vehicle will focus on U.S.-based businesses engaged in domestic manufacturing, technological leadership, and critical supply chains. CEO Kevin McGurn leads the SPAC, which features a notable advisory board that includes Donald Trump Jr. and Eric Trump. The offering includes half-warrants exercisable at $11.50 per share and is expected to close on December 5, 2025, with units trading on the Nasdaq.

Activate Energy Acquisition Targets Oil and Gas Sector
Activate Energy Acquisition priced its $200 million IPO yesterday, selling 20 million units at the standard $10.00 price point. Under the leadership of CEO Thomas Fontaine, the SPAC will pursue business combination opportunities in the oil and gas industry. The offering follows the typical SPAC structure with half-warrants exercisable at $11.50 per share. Jefferies and BTIG served as joint bookrunners on the deal, which is expected to close on December 5, 2025.

MERGER VOTES
CITE – Cartica Acquisition Corp + NIDAR INFRASTRUCTURE LIMITED
Nidar is India’s leading data center provider for AI and high-performance compute. Nidar provides advanced information technology infrastructure and solutions on an “as-a-Service” model to customers worldwide, including enterprises, governments, start-ups and small- and medium-sized enterprises, and hyperscalers.

SPAC VOTE RESULTS
BRR – COLUMBUS CIRCLE CAPITAL CORP I * Deal Approved with ProCap BTC, LLC
CEP – CANTOR EQUITY PARTNERS INC * Deal Approved with Twenty One Capital, Inc. * 1,596 redeemed * $17,157 removed * trust $10.75

OTHER SPAC NEWS
FACT – FACT II ACQUISITION CORP * Investor Deck
FACT – FACT II ACQUISITION CORP * Merger Agreement

SEPARATE WARRANTS/RIGHTS
Dec 09: CROWN RESERVE ACQUISITION CORP I (CRAC)
Dec 08: TAILWIND 20 ACQUISITION CORP (TDWD)
Dec 03: EVOLUTION GLOBAL ACQUISITION CORP (EVOX)

SPAC DEALS ANNOUNCED
Dec 03 | POLE – Andretti Acquisition Corp II + StoreDot
StoreDot is a pioneer and leader in extreme fast charging (XFC) battery technology for electric vehicles. The company is revolutionizing the conventional Lithium-ion battery by designing and synthesizing proprietary compounds that enable an EV to be charged in minutes. StoreDot’s investors include major automotive manufacturers such as Daimler, Volvo Cars, Polestar, Ola Electric, and VinFast, as well as technology companies such as BP Ventures, Samsung, and TDK.

Dec 01 | FACT – Fact Ii Acquisition Corp + Precision Aerospace Defense Group, Inc.
Precision Aerospace & Defense Group, Inc. is a leading engineering and manufacturing company providing high-precision components, testing solutions, and sustainment services for the aerospace, defense, and space industries. PAD’s family of companies offers a vertically integrated platform with capabilities spanning advanced engineering design, reverse engineering and modernization of legacy systems, precision CNC machining and assembly, and non-destructive testing. Key end markets include military aerospace (sustainment of legacy aircraft and development of next-generation systems such as hypersonics), commercial aviation, space launch and satellite infrastructure, and other defense platforms. PAD operates multiple AS9100-certified and ITAR-registered facilities across the United States, strategically located near major aerospace hubs and military installations. Founded in 2016 and headquartered in Overland Park, Kansas, PAD has grown rapidly through organic initiatives and a targeted acquisition strategy, building a blue-chip customer base of leading OEMs, tier 1 suppliers, and U.S. Department of Defense agencies. PAD’s mission is to deliver mission-critical solutions with uncompromising quality and reliability, enabling its customers to succeed in the most demanding environments.

NEW SPAC IPOs
Dec 04: AEAQ – Activate Energy Acquisition Corp. $200M IPO
Dec 04: NWAX – New America Acquisition I Corp. $300M IPO
Dec 04: SAC – Safeguard Acquisition Corp. $200M IPO
Dec 03: SBXE – Silverbox Corp V $240M IPO
Dec 03: GPAC – General Purpose Acquisition Corp. $200M IPO
Dec 02: BIXI – Bitcoin Infrastructure Acquisition Corp Ltd. $200M IPO (+underwriter overallotment: $20M)
Nov 26: SCII – Sc Ii Acquisition Corp $150M IPO (+underwriter overallotment: $22.5M)
Nov 25: IGAC – Invest Green Acquisition Corp $150M IPO (+underwriter overallotment: $22.5M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
10.13% ~ $ 8.70 | ATMV – ALPHAVEST ACQUISITION CORP (Announced)
2.90% ~ $ 11.37 | QETA – QUETTA ACQUISITION CORP (Announced)
1.71% ~ $ 9.26 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
1.31% ~ $ 14.65 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
.96% ~ $ 10.50 | KRSP – RICE ACQUISITION CORP 3 (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-9.11% ~ $ 8.18 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
-5.40% ~ $ 11.73 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
-5.20% ~ $ 11.84 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-4.25% ~ $ 5.18 | BRR – COLUMBUS CIRCLE CAPITAL CORP I (Announced)
-.80% ~ $ 12.40 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 04 | AEAQ – Activate Energy Acquisition Corp.
Dec 04 | NWAX – New America Acquisition I Corp.
Dec 04 | SAC – Safeguard Acquisition Corp.
Dec 03 | GPAC – General Purpose Acquisition Corp.
Dec 03 | SBXE – SilverBox Corp V
Dec 02 | BIXI – Bitcoin Infrastructure Acquisition Corp Ltd.
Nov 26 | $ 10.03 | SCII – SC II Acquisition Corp
Nov 25 | $ 10.01 | IGAC – Invest Green Acquisition Corp
Nov 21 | $ 10.00 | HCAC – Hall Chadwick Acquisition Corp
Nov 13 | $ 10.04 | ALUB – Alussa Energy Acquisition Corp. II
Nov 12 | $ 10.04 | BPAC – Blueport Acquisition Ltd
Nov 11 | $ 10.08 | EVOX – Evolution Global Acquisition Corp
Nov 07 | $ 10.03 | TDWD – Tailwind 2.0 Acquisition Corp.
Nov 07 | $ 10.12 | CRAC – Crown Reserve Acquisition Corp I
Nov 04 | $ 10.21 | CEPV – Cantor Equity Partners V, Inc.
Nov 04 | $ 10.01 | WSTN – Westin Acquisition Corp