Daily SPAC Update – August 15, 2025

by | Aug 15, 2025

Bleichroeder Announces Deal With Merlin for AI-Based Aviation. Investcorp Europe / nexxbuild Deal Terminated. CapitalWorks Gets New Auditor.

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Daily SPAC Update

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-08-14: IVCBF + nexxbuild (note: this is the second SPAC deal in 2-years to terminate for Investcorp Europe)

SPAC DEALS ANNOUNCED
Aug 14 | BACQ – Bleichroeder Acquisition Corp I + Merlin

ABOUT Merlin
Merlin is the leading U.S.-based developer of cost-effective, takeoff-to-touchdown autonomy for both legacy and next-generation airborne systems. Our aircraft-agnostic, AI-powered software is purpose-built for military and civil programs, and is powering an expanding range of missions and aircraft, proven through hundreds of autonomous flights from test facilities across the globe. With $100M+ total in awarded contracts from military customers, Merlin is helping to solve national security challenges through safe, reliable autonomy.

OTHER SPAC NEWS
CMCAF – CAPITALWORKS EMERGING MARKETS ACQUISITION CORP * Auditor Change
IGTA – INCEPTION GROWTH ACQUISITION LTD * Confirm Trust* trust $12.31
BACQ – BLEICHROEDER ACQUISITION CORP I * Investor Deck
BACQ – BLEICHROEDER ACQUISITION CORP I * Merger Agreement

SEPARATE WARRANTS/RIGHTS
Aug 18: FIGX CAPITAL ACQUISITION CORP (FIGX)

NEW SPAC IPOs
Aug 12: MKLY – Mckinley Acquisition Corp $150M IPO
Aug 12: HVMC – Highview Merger Corp. $200M IPO (+underwriter overallotment: $30M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
1.71% ~ $ 10.73 | CHEB – CHENGHE ACQUISITION II CO (Announced)
1.21% ~ $ 11.67 | FORL – FOUR LEAF ACQUISITION CORP (Announced)
1.07% ~ $ 10.41 | BACQ – BLEICHROEDER ACQUISITION CORP I (Announced)
.94% ~ $ 10.69 | CEPT – CANTOR EQUITY PARTNERS II INC (Pre-Deal)
.86% ~ $ 10.17 | WENN – WEN ACQUISITION CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-22.22% ~ $ 7.00 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
-5.27% ~ $ 12.95 | EMCG – EMBRACE CHANGE ACQUISITION CORP (Announced)
-2.77% ~ $ 10.90 | DYNX – DYNAMIX CORP (Announced)
-2.74% ~ $ 28.77 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-1.62% ~ $ 10.65 | CEPO – CANTOR EQUITY PARTNERS I INC (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 12 | $ 9.99 | MKLY – McKinley Acquisition Corp
Aug 12 | $ 10.03 | HVMC – Highview Merger Corp.
Aug 08 | $ 10.04 | SSEA – STARRY SEA ACQUISITION CORP
Aug 05 | $ 10.05 | QUMS – Quantumsphere Acquisition Corp
Aug 01 | $ 10.17 | HCMA – HCM III Acquisition Corp.
Jul 31 | $ 9.95 | BCAR – D. Boral ARC Acquisition I Corp.
Jul 30 | $ 10.02 | APAD – A Paradise Acquisition Corp.
Jul 17 | $ 10.03 | PAII – Pyrophyte Acquisition Corp. II
Jul 16 | $ 10.06 | SOCA – Solarius Capital Acquisition Corp.

Recent Analysis

Executive Moves Update – August 15, 2025

Weekly executive moves roundup: Albemarle COO Netha N. Johnson to exit; Avantor names Emmanuel Ligner CEO; H&R Block CEO Jeffrey J. Jones II retiring; Lyft co-founders Logan Green and John Zimmer leave board; P&G Beauty CEO Alexandra Keith to retire. CFO changes at Citizens Financial, Expand Energy, and Galaxy Digital, plus leadership shifts at Dell, Texas Roadhouse, Open Text, Levi Strauss, PPG Industries, and Woodward.

Daily SPAC Update – August 14, 2025

Cohen Circle + Kyivstar Deal Approved. Rigel Resource Extension Approved. Breeze Holdings + YD Biopharma Deal Vote. Futuretech II Extension Vote. FIGX Separate Trading.

Daily SPAC Update – August 13, 2025

Cohen Circle + Kyivstar Group Deal Approved; Expected to DeSPAC Thursday. Denali Capital and Alchemy Investment Extension Votes Set. Armada Acquisition Sponsor Securities Purchase.

Daily SPAC Update – August 12, 2025

Two New SPAC IPOs: McKinley and Highview. ByNordic and Embrace Change SPAC Extensions Approved. Cohen Circle + Kyivstar Group Deal Vote. BridgeBio DeSPACs.

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