Daily SPAC Update – August 26, 2025

by | Aug 26, 2025

Alchemy + Cartiga and Inflection Point III + A1R WATER Deals Announced. Southport + Angel Studios Deal Approved. New Deal Deck for Ares II and Kodiak.

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

Daily SPAC Update

SPAC VOTE RESULTS
PORT – SOUTHPORT ACQUISITION CORP * Deal Approved with Angel Studios * 50 redeemed * $577 removed * trust $11.54

SPAC DEALS ANNOUNCED
Aug 25 | ALCY – Alchemy Investments Acquisition Corp 1 + Cartiga, LLC

ABOUT Cartiga, LLC
Cartiga is a leading data driven, tech forward asset management platform for investing in legal claims and law firms. Cartiga leverages proprietary data and advanced analytics to seek attractive risk adjusted returns by providing capital and other services to law firms and their clients. With over 20 years of investment experience, Cartiga has deployed more than $1.6 billion in legal sector investments and financially participated in matters generating in excess of $20 billion in estimated settlement values for affiliated law firms and clients.

Aug 25 | IPCX – Inflection Point Acquisition Corp Iii + A1R WATER

ABOUT A1R WATER
Working at the intersection of tech and engineering, A1R WATER designs and manufactures air-to-water technology to create clean water from humidity in the air. A1R WATER manufactures and sells systems ranging from counter-top consumer units to 3,000 liter/day industrial systems that can supply utility-scale water farms. A1R WATER also builds and operates on-balance sheet water farms and bottling sites, delivering finished canned and bottled water products to marquee global brands including Conrad (Hilton) Abu Dhabi, Fairmont Hotels & Resorts, Le Meridian, and the Miami HEAT.

SEPARATE WARRANTS/RIGHTS
Aug 27: APARADISE ACQUISITION CORP (APAD)

OTHER SPAC NEWS
AACT – ARES ACQUISITION CORP II * Investor Deck
ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 * Merger Agreement
IPCX – INFLECTION POINT ACQUISITION CORP III * Merger Agreement
TLGYF – TLGY ACQUISITION CORP * Media Transcript

NEW SPAC IPOs
Aug 21: CEPF – Cantor Equity Partners Iv, Inc. $400M IPO (+underwriter overallotment: $50M)

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

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
1.66% ~ $ 11.66 | HOND – HCM II ACQUISITION CORP (Announced)
1.63% ~ $ 11.19 | QETA – QUETTA ACQUISITION CORP (Announced)
.66% ~ $ 10.66 | YORK – YORKVILLE ACQUISITION CORP (Pre-Deal)
.58% ~ $ 10.38 | NTWO – NEWBURY STREET II ACQUISITION CORP (Pre-Deal)
.56% ~ $ 10.76 | CEPT – CANTOR EQUITY PARTNERS II INC (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-16.22% ~ $ 9.45 | CHEB – POLIBELI GROUP LTD (Announced)
-9.84% ~ $ 11.00 | EMCG – EMBRACE CHANGE ACQUISITION CORP (Announced)
-8.85% ~ $ 11.12 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
-8.85% ~ $ 23.38 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-1.62% ~ $ 12.14 | SVII – SPRING VALLEY ACQUISITION CORP II (Announced)

LATEST SPAC IPO PERFORMANCE
Aug 21 | $ 10.13 | CEPF – Cantor Equity Partners IV, Inc.
Aug 12 | $ 10.07 | HVMC – Highview Merger Corp.
Aug 12 | $ 9.99 | MKLY – McKinley Acquisition Corp
Aug 08 | $ 10.04 | SSEA – STARRY SEA ACQUISITION CORP
Aug 05 | $ 10.05 | QUMS – Quantumsphere Acquisition Corp
Aug 01 | $ 10.16 | HCMA – HCM III Acquisition Corp.
Jul 31 | $ 9.99 | BCAR – D. Boral ARC Acquisition I Corp.
Jul 30 | $ 10.03 | APAD – A Paradise Acquisition Corp.

Recent Analysis

Daily SPAC Update – August 25, 2025

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

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.