Daily SPAC Update – August 27, 2025

by | Aug 27, 2025

Another Crytpo SPAC Deal as Trump + Crypto.com Team Up. M3-Brigade IPOs Another SPAC. Calm Digital IPOs for $200M. Dynamix Ticker Change Pre-DeSPAC.

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SPAC VOTE RESULTS
TETEF – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP * Extend to Feb 20, 2026 * 560,061 redeemed

SPAC DEALS ANNOUNCED
Aug 26 | YORK – Yorkville Acquisition Corp + Trump Media Group CRO Strategy

ABOUT Trump Media Group CRO Strategy
Trump Media Group CRO Strategy is committed to strategically investing for the future by connecting traditional investment opportunities with digital asset ecosystems. Our mission is to implement a forward-looking digital asset treasury strategy centered on the accumulation and active management of CRO.

Behind the Crypto.com / Trump Media / Cronos Crypto Play
The deal will see TMTG commit $105 million toward purchasing Crypto.com’s native token, CRO, while Crypto.com invests $50 million into Trump Media stock. The resulting entity, which will trade under the Nasdaq ticker MCGA (“Make CRO Great Again”), is expected to hold $1 billion worth of CRO tokens along with substantial cash reserves and access to a $5 billion equity line.

The strategy echoes MicroStrategy’s high-profile Bitcoin treasury model but with a twist: integrating CRO directly into TMTG’s ecosystem, including Truth Social and Truth+. CRO tokens will be used for in-platform payments, subscriptions, and rewards, with the firm also operating a validator node to earn staking yield. While the partnership gives CRO newfound utility and positions TMTG at the center of a political-crypto-finance buzz, it also comes with concentrated token risk, heavy reliance on SPAC financing, and the unpredictability of both crypto markets and political branding.

NEW SPAC IPOs
Aug 27: MBVI – M3-Brigade Acquisition Vi Corp. $300M IPO
Aug 27: KOYN – Cslm Digital Asset Acquisition Corp III Ltd $200M IPO
Aug 21: CEPF – Cantor Equity Partners Iv, Inc. $400M IPO (+underwriter overallotment: $50M)

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

OTHER SPAC NEWS
YORK – YORKVILLE ACQUISITION CORP * Merger Agreement
DYNX – DYNAMIX CORP * Ticker Change

SPAC NON-RELIANCE 8-K
DMYY – Dmy Squared Technology Group Inc : Non-Reliance on Previously Issued Financials

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
7.91% ~ $ 12.00 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
5.56% ~ $ 11.34 | DYNX – DYNAMIX CORP (Announced)
2.65% ~ $ 9.70 | CHEB – POLIBELI GROUP LTD (Announced)
.77% ~ $ 23.56 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
.34% ~ $ 11.69 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.84% ~ $ 11.00 | EMCG – EMBRACE CHANGE ACQUISITION CORP (Announced)
-2.44% ~ $ 10.40 | YORK – YORKVILLE ACQUISITION CORP (Announced)
-2.30% ~ $ 10.60 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)
-1.30% ~ $ 10.62 | CEPT – CANTOR EQUITY PARTNERS II INC (Pre-Deal)
-.78% ~ $ 12.55 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Aug 27 | MBVI – M3-Brigade Acquisition VI Corp.
Aug 27 | KOYN – CSLM Digital Asset Acquisition Corp III, Ltd
Aug 21 | $ 10.13 | CEPF – Cantor Equity Partners IV, Inc.
Aug 12 | $ 9.99 | MKLY – McKinley Acquisition Corp
Aug 12 | $ 10.06 | HVMC – Highview Merger Corp.
Aug 08 | $ 10.04 | SSEA – STARRY SEA ACQUISITION CORP
Aug 05 | $ 10.02 | QUMS – Quantumsphere Acquisition Corp
Aug 01 | $ 10.12 | HCMA – HCM III Acquisition Corp.
Jul 31 | $ 9.98 | BCAR – D. Boral ARC Acquisition I Corp.
Jul 30 | $ 10.02 | APAD – A Paradise Acquisition Corp.

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