Daily SPAC Update – August 19, 2025

by | Aug 19, 2025

Inception Growth + AgileAlgo Deal Vote. Corner Growth 2 Announces Capital Increase Vote. Embrace Change Going to Pink Sheets.

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

Daily SPAC Update

The “SPAC King” is Back, but Will Investors Follow?
Chamath Palihapitiya filed an S-1 with the SEC to launch a $250 million SPAC under the name American Exceptionalism Acquisition Corp. A yesterday. Will investors be willing to “trust the process” this time or will they look at a disappointing SPAC track record and choose not to go along for the ride?

Read our piece here: Chamath Palihapitiya’s SPAC Comeback?

MERGER VOTES
IGTA – Inception Growth Acquisition Ltd AgileAlgo
AgileAlgo, a British Virgin Islands business company, through its Singapore-based subsidiary, AgileAlgo Pte Ltd., is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms. It utilizes Generative-Artificial Intelligence (“AI”) techniques to automate AI codes development and scaling to other technology stacks. AgileAlgo intends to grow and acquire IT consulting practices as well as work with large-scale project owners to drive down complexity, time and cost of producing software scripts and code, contributing to the transformation of the global workforce, which is now still heavily reliant on offshoring costs and capability.

OTHER SPAC NEWS
TRON2 – CORNER GROWTH ACQUISITION CORP 2 * Vote to Increase Authorized Capital * trust $12.36
EMCG – EMBRACE CHANGE ACQUISITION CORP * Delisting
CSLMF – CSLM ACQUISITION CORP * Media Transcript

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

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-08-14: IVCBF + nexxbuild

SPAC IPOs SLOWING IN AUGUST
As we move through August, SPAC issuance appears to be slowing compared to June and July. Still, with 81 IPOs year-to-date, activity has already surpassed the total for all of 2024, putting 2025 on pace to average at least 11 new IPOs per month. While the surge seen in May has moderated, issuance remains elevated compared to last year.

SPAC IPO Snapshot - August 18, 2025

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
29.86% ~ $ 9.09 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
13.75% ~ $ 11.69 | FACT – FACT II ACQUISITION CORP (Pre-Deal)
5.82% ~ $ 10.18 | RAAQ – REAL ASSET ACQUISITION CORP (Pre-Deal)
3.02% ~ $ 10.92 | CHEB – POLIBELI GROUP LTD (Announced)
2.26% ~ $ 11.77 | HOND – HCM II ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-2.20% ~ $ 12.42 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
-1.95% ~ $ 26.69 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-.94% ~ $ 10.52 | CEPO – CANTOR EQUITY PARTNERS I INC (Announced)
-.70% ~ $ 9.97 | LWAC – LIGHTWAVE ACQUISITION CORP (Pre-Deal)
-.55% ~ $ 10.42 | VCIC – VINE HILL CAPITAL INVESTMENT CORP (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Aug 12 | $ 9.99 | MKLY – McKinley Acquisition Corp
Aug 12 | $ 10.05 | HVMC – Highview Merger Corp.
Aug 08 | $ 10.03 | SSEA – STARRY SEA ACQUISITION CORP
Aug 05 | $ 10.04 | QUMS – Quantumsphere Acquisition Corp
Aug 01 | $ 10.15 | HCMA – HCM III Acquisition Corp.
Jul 31 | $ 9.96 | BCAR – D. Boral ARC Acquisition I Corp.
Jul 30 | $ 10.03 | APAD – A Paradise Acquisition Corp.

Recent Analysis

Daily SPAC Update – August 18, 2025

SPAC IPOs Slowing in August, but Remain Well Ahead of 2024. Breeze Holdings Deal Approved. Globalink’s Redemption Overpayment Requires Restatement.

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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.