Daily SPAC Update – August 28, 2025

by | Aug 28, 2025

Meteora’s Vikas Mittal files for Bitcoin Infrastructure Acquisition $200M IPO. DT Cloud Acquisition Extension Approved. Corner Growth Asking Shareholders to Approve Capital Increase.

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
DYCQ – DT CLOUD ACQUISITION CORP * Extend to Feb 23, 2027 * 689,033 redeemed * $7,579,363 removed * trust $11.00

OTHER SPAC NEWS
COOL – CORNER GROWTH ACQUISITION CORP * Capital Increase Vote Proxy * trust $11.51
FSHP – FLAG SHIP ACQUISITION CORP * Extension Fee Vote * 3,837,483 redeemed * trust $10.47
BRR – COLUMBUS CIRCLE CAPITAL CORP I * Media Transcript
BRR – COLUMBUS CIRCLE CAPITAL CORP I * Media Transcript

BITCOIN INFRASTRUCTURE ACQUISITION CORP FILES FOR $200 Million SPAC IPO
Bitcoin Infrastructure Acquisition Corp (view the S-1 here) has filed to go public, aiming to unlock opportunities in digital financial infrastructure. The SPAC is targeting companies building at the intersection of Bitcoin, stablecoins, and tokenized assets—areas it views as the backbone of the next era of global finance. With momentum building from institutional adoption and clearer regulatory frameworks, the team believes the timing is right to back mission-driven businesses driving real-world crypto adoption.

The team behind the SPAC brings a blend of investing and operating experience across digital assets and financial services. Director Vikas Mittal, CIO of Meteora Capital, has an extensive SPAC track record, including helping lead the $316 million GSR II Meteora deal with Bitcoin Depot (NASDAQ: BTM), now North America’s largest Bitcoin ATM network. Chairman Parker White, COO and CIO of DeFi Dev Corp (NASDAQ: DFDV), previously held senior roles at Kraken Exchange and TCG Advisors. Independent directors add further depth: Matt Lohstroh, co-founder of Giga Energy and Forbes 30 Under 30 honoree, and Tyler Evans, CIO of Kindly MD (NASDAQ: NAKA) and co-founder of UTXO Management, both bring entrepreneurial and Bitcoin-native expertise.

Mittal also just helped bring CSLM Digital Asset Acquisition Corp III to the market which is also focused on crypto / digital financial infrastructure.

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)

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

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
5.56% ~ $ 11.34 | ETHM – DYNAMIX CORP (Announced)
4.17% ~ $ 12.50 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
3.46% ~ $ 10.76 | YORK – YORKVILLE ACQUISITION CORP (Announced)
1.82% ~ $ 12.78 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
1.04% ~ $ 11.62 | KVAC – KEEN VISION ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.84% ~ $ 11.00 | EMCG – EMBRACE CHANGE ACQUISITION CORP (Announced)
-6.96% ~ $ 10.30 | FACT – FACT II ACQUISITION CORP (Pre-Deal)
-4.12% ~ $ 9.30 | CHEB – POLIBELI GROUP LTD (Announced)
-1.53% ~ $ 23.20 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-.96% ~ $ 10.15 | PCAP – PROCAP ACQUISITION CORP (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 | $ 10.14 | CEPF – Cantor Equity Partners IV, Inc.
Aug 12 | $ 9.99 | 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 | $ 10.13 | HCMA – HCM III Acquisition Corp.
Jul 31 | $ 9.95 | BCAR – D. Boral ARC Acquisition I Corp.
Jul 30 | $ 10.03 | APAD – A Paradise Acquisition Corp.

 

Recent Analysis

Daily SPAC Update – August 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.

Daily SPAC Update – August 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.

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.