Daily SPAC Update – August 25, 2025

by | Aug 25, 2025

Southport Acquisition + Angel Studios Deal Vote. FG Merger II + Boxable Investor Presentation. DECA Securities Purchase Agreement. AParadise Acquisition Separate Trading.

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

Daily SPAC Update

MERGER VOTES
PORT – Southport Acquisition Corp + Angel Studios
Angel Studios is a community-driven, non-traditional, movie studio that seeks to empower audiences to decide which stories get produced and distributed, while creating communities around each project. Angel Studios was founded in 2013 by CEO Neal Harmon alongside his brothers Daniel, Jeffrey, and Jordan, who, as fathers of young children, were searching for high-quality films and TV shows that “amplify light.”

OTHER SPAC NEWS
FGMC – FG MERGER II CORP * Investor Deck
DECA – DENALI CAPITAL ACQUISITION CORP * Securities Purchase Agreement
KACL – KAIROUS ACQUISITION CORP LTD * Deal Termination
WINV – WINVEST ACQUISITION CORP * Deal Vote Postponed

SEPARATE WARRANTS/RIGHTS
Aug 27: APARADISE ACQUISITION CORP (APAD)
Aug 22: VENDOME ACQUISITION CORP I (VNME)
Aug 22: EQV VENTURES ACQUISITION CORP II (EVAC)

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-08-18: KACL + Bamboo Mart Limited
2025-08-14: IVCBF + nexxbuild

NEW SPAC IPOs
Aug 21: CEPF – Cantor Equity Partners Iv, Inc. $400M IPO (+underwriter overallotment: $50M)
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
12.65% ~ $ 12.20 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
4.48% ~ $ 25.65 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
2.83% ~ $ 12.34 | SVII – SPRING VALLEY ACQUISITION CORP II (Announced)
2.81% ~ $ 12.80 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
2.64% ~ $ 10.90 | DYNX – DYNAMIX CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.84% ~ $ 11.00 | EMCG – EMBRACE CHANGE ACQUISITION CORP (Announced)
-8.00% ~ $ 10.29 | FACT – FACT II ACQUISITION CORP (Pre-Deal)
-1.91% ~ $ 11.28 | CHEB – POLIBELI GROUP LTD (Announced)
-1.43% ~ $ 11.73 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
-.99% ~ $ 11.01 | QETA – QUETTA ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 21 | $ 10.13 | CEPF – Cantor Equity Partners IV, Inc.
Aug 12 | $ 10.06 | HVMC – Highview Merger Corp.
Aug 12 | $ 9.98 | MKLY – McKinley Acquisition Corp
Aug 08 | $ 10.04 | SSEA – STARRY SEA ACQUISITION CORP
Aug 05 | $ 10.05 | QUMS – Quantumsphere Acquisition Corp
Aug 01 | $ 10.15 | HCMA – HCM III Acquisition Corp.
Jul 31 | $ 9.98 | BCAR – D. Boral ARC Acquisition I Corp.
Jul 30 | $ 10.03 | APAD – A Paradise Acquisition Corp.

Recent Analysis

AstroNova Settles Proxy Fight with Askeladden Capital

AstroNova and Askeladden Capital reached a cooperation agreement on August 21, 2025, following a contested proxy fight. The deal adds a new independent director, sets standstill provisions, and signals governance changes after years of underperformance.

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.