Daily SPAC Update – December 8, 2025

by | Dec 8, 2025

Pompliano’s ProCap BTC Becomes Public as Crypto Stalls. Btab Ecommerce Deal Vote. YHN Acquisition Extension Vote.

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Daily SPAC Update

DeSPACs
Dec 08: BRR DeSPAC to ProCap BTC, LLC (BRR)

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.

PROCAP BTC DESPACS INTO A CRYPTO MARKET THAT JUST HIT THE BRAKES
Anthony Pompliano’s ProCap BTC is finally crossing the de-SPAC finish line at the exact moment the crypto market has decided to take a breather. Bitcoin has slipped into a sharp cooldown, now roughly 25–30 percent below its October highs, ETF inflows have softened after a blistering summer, and liquidity across major venues has thinned as traders wait for the next macro catalyst. Into that backdrop, Columbus Circle Capital has officially closed its merger and rebranded the vehicle as ProCap Financial, which begins trading on Nasdaq under BRR. The pitch is ambitious: a Goldman-meets-MicroStrategy hybrid combining institutional crypto services with a plan to build a bitcoin treasury that could reach the billion-dollar scale. It is the largest initial war chest ever created for a public BTC-on-balance-sheet strategy, but the timing is undeniably tough. Still, if ProCap executes, the slowdown may actually work to its advantage by attracting institutions that remain structurally bullish on bitcoin but want someone else to manage timing, volatility, and infrastructure while the market drifts sideways.

MERGER VOTES
WELNF – Integrated Wellness Acquisition Corp + Btab Ecommerce Group, Inc.
Btab Ecommerce Group (OTC: BBTT) is an e-commerce company that operates through its network in Australia, Asia, United States and United Kingdom. It provides affordable ecommerce services and supplies technology and products to small businesses to allow them to compete in an underserved market segment. The Company seeks to expand its reach into Europe and the Americas where it intends to provide small businesses with products and services generally not currently commercially available to them. The Company believes the e-commerce growth in Asia alone will be significant well into the next decade and beyond as increasing numbers of internet users take advantage of online shopping and increasing spending power.

EXTENSION VOTES
YHNA – YHN ACQUISITION I LTD * vote December 8, 2025 -> extend from December 19, 2025 to September 19, 2026

OTHER SPAC NEWS
PCSC – PERCEPTIVE CAPITAL SOLUTIONS CORP * Merger Agreement
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * PIPE Update
CAEP – CANTOR EQUITY PARTNERS III INC * Media Transcript

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

NEW SPAC IPOs
Dec 05: LFAC – Leapfrog Acquisition Corp $125M IPO
Dec 04: SAC – Safeguard Acquisition Corp. $200M IPO
Dec 04: NWAX – New America Acquisition I Corp. $300M IPO (+underwriter overallotment: $45M)
Dec 04: AEAQ – Activate Energy Acquisition Corp. $200M IPO
Dec 03: GPAC – General Purpose Acquisition Corp. $200M IPO (+underwriter overallotment: $30M)
Dec 03: SBXE – Silverbox Corp V $240M IPO (+underwriter overallotment: $36M)
Dec 02: BIXI – Bitcoin Infrastructure Acquisition Corp Ltd. $200M IPO (+underwriter overallotment: $20M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
21.16% ~ $ 15.63 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
14.02% ~ $ 12.20 | PCSC – PERCEPTIVE CAPITAL SOLUTIONS CORP (Pre-Deal)
2.95% ~ $ 12.20 | ESHA – ESH ACQUISITION CORP (Announced)
2.54% ~ $ 10.10 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
2.52% ~ $ 11.00 | BACQ – INFLECTION POINT ACQUISITION CORP IV (Announced)

YESTERDAY’S TOP SPAC LOSERS
-5.04% ~ $ 14.51 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-4.16% ~ $ 8.29 | ATMV – ALPHAVEST ACQUISITION CORP (Announced)
-2.84% ~ $ 12.30 | HSPO – HORIZON SPACE ACQUISITION I CORP (Pre-Deal)
-2.61% ~ $ 11.20 | CHAC – CRANE HARBOR ACQUISITION CORP (Announced)
-1.62% ~ $ 10.95 | AEXA – AMERICAN EXCEPTIONALISM ACQUISITION CORP A (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Dec 05 | LFAC – Leapfrog Acquisition Corp
Dec 04 | NWAX – New America Acquisition I Corp.
Dec 04 | SAC – Safeguard Acquisition Corp.
Dec 04 | $ 10.01 | AEAQ – Activate Energy Acquisition Corp.
Dec 03 | GPAC – General Purpose Acquisition Corp.
Dec 03 | SBXE – SilverBox Corp V
Dec 02 | $ 10.00 | BIXI – Bitcoin Infrastructure Acquisition Corp Ltd.
Nov 26 | $ 10.04 | 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 | BPAC – Blueport Acquisition Ltd
Nov 11 | $ 10.09 | EVOX – Evolution Global Acquisition Corp

Recent Analysis

Daily SPAC Update – December 4, 2025

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.

Daily SPAC Update – December 3, 2025

StoreDot / POLE Deal Announced. SilverBox V Prices $240M IPO. Pompliano’s ProCap-BTC and Cantor Equity / Twenty One Capital Deal Votes Today. DT Cloud Seeks No-Fee Extensions. Israel Acquisition Delisting.

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