Daily SPAC Update – August 20, 2025

by | Aug 20, 2025

Inception Growth + AgileAlgo Vote Approved. Technology & Telecommunication Acquisition Extension Vote. D Boral Arc Acquisition Separate Trading.

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Daily SPAC Update

EXTENSION VOTES
TETEF – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP * vote August 20, 2025 -> extend from August 20, 2025 to November 20, 2025

SPAC VOTE RESULTS
IGTA – INCEPTION GROWTH ACQUISITION LTD * Deal Approved with AgileAlgo * 126,395 redeemed

SEPARATE WARRANTS/RIGHTS
Aug 20: D BORAL ARC ACQUISITION I CORP (BCAR)

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?

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
4.51% ~ $ 9.50 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
.77% ~ $ 11.80 | OAKU – OAK WOODS ACQUISITION CORP (Announced)
.73% ~ $ 11.10 | DYCQ – DT CLOUD ACQUISITION CORP (Announced)
.50% ~ $ 10.15 | NPAC – NEW PROVIDENCE ACQUISITION CORP III (Pre-Deal)
.37% ~ $ 10.75 | LEGT – LEGATO MERGER CORP III (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-11.91% ~ $ 10.30 | FACT – FACT II ACQUISITION CORP (Pre-Deal)
-7.87% ~ $ 24.59 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-4.10% ~ $ 12.40 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
-3.27% ~ $ 10.66 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)
-2.81% ~ $ 10.59 | DYNX – DYNAMIX CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 12 | $ 9.98 | MKLY – McKinley Acquisition Corp
Aug 12 | $ 10.05 | HVMC – Highview Merger Corp.
Aug 08 | $ 10.04 | SSEA – STARRY SEA ACQUISITION CORP
Aug 05 | $ 10.02 | 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 | $ 10.02 | 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.

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