Daily SPAC Update – December 11, 2025

by | Dec 11, 2025

Bluerock and Karbon Capital Partners SPAC IPOs Add to December’s Surge. YHN Acquisition Extension Approved. Alpha Star Extension Vote. Cantor and Haymaker Investor Decks.

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Daily SPAC Update

BLUEROCK ACQUISITION CORP $150 MILLION SPAC IPO
BLUEROCK ACQUISITION CORP. (BLRKU) is set to trade on Nasdaq today after pricing its $150 million SPAC IPO at $10 per unit. Each unit consists of one Class A share and one-third of a warrant (exercisable at $11.50). This vehicle is immediately noteworthy: it’s backed by alternative asset manager Bluerock, with founder/CEO Ramin Kamfar leading the charge. The team plans to target a growth-focused company where they can leverage their deep track record in real estate and income-oriented strategies. In a crowded SPAC market, the institutional heft and sector expertise of the Bluerock brand make this one to watch.

KARBON CAPITAL PARTNERS CORP $300 MILLION SPAC IPO
Karbon Capital Partners Corp. launched its $300 million SPAC IPO today at $10 per unit, aiming squarely at the high-growth energy and infrastructure space. This is a heavyweight lineup: The deal is led by CEO Thomas Karam, current chairman of EQT, with former J.P. Morgan North America ECM head Jeffrey Zajkowski as CFO, and, notably, former U.S. Senator Joe Manchin III slated to serve as chairman. The sponsor group is taking the standard 20% founder’s promote, tightly aligning their upside with closing a sizable deal. Look for them to focus on acquisitions driven by surging demand across data center power, LNG, and the broader energy transition.

SPAC VOTE RESULTS
YHNA – YHN ACQUISITION I LTD * Extend to Sep 19, 2026 * 3,464,179 redeemed

EXTENSION VOTES
ALSAF – ALPHA STAR ACQUISITION CORP * vote December 11, 2025 -> extend from December 15, 2025 to December 15, 2026

OTHER SPAC NEWS
CAEP – CANTOR EQUITY PARTNERS III INC * Investor Deck
HYAC – HAYMAKER ACQUISITION CORP 4 * Investor Deck
WINV – WINVEST ACQUISITION CORP * Merger Agreement

DeSPACs
Dec 10: ATMV DeSPAC to AMC Corporation (AMCI)
AMC creates and distributes innovative, and smart security and consumer electronics solutions. AMC builds strong relationships with its customers and partners to make high quality internet connected smart home products and augmented reality wearable products that are accessible, affordable, and easy-to-use. AMC’s mission is to make high-quality computer vision AI accessible for consumers and businesses through a highly scalable, hardware-agnostic native AI platform.

SEPARATE WARRANTS/RIGHTS
Dec 15: HARVARD AVE ACQUISITION CORP (HAVA)
Dec 09: CROWN RESERVE ACQUISITION CORP I (CRAC)
Dec 08: TAILWIND 20 ACQUISITION CORP (TDWD)

NEW SPAC IPOs
Dec 11: BLRK – Bluerock Acquisition Corp. $150M IPO
Dec 11: KBON – Karbon Capital Partners Corp. $300M IPO
Dec 10: MESH – Meshflow Acquisition Corp $300M IPO
Dec 09: DSAC – Daedalus Special Acquisition Corp. $225M IPO (+underwriter overallotment: $25M)
Dec 05: LFAC – Leapfrog Acquisition Corp $125M IPO (+underwriter overallotment: $18.75M)
Dec 04: NWAX – New America Acquisition I Corp. $300M IPO (+underwriter overallotment: $45M)
Dec 04: SAC – Safeguard Acquisition Corp. $200M IPO (+underwriter overallotment: $30M)
Dec 04: AEAQ – Activate Energy Acquisition Corp. $200M IPO (+underwriter overallotment: $30M)
Dec 03: SBXE – Silverbox Corp V $240M IPO (+underwriter overallotment: $36M)
Dec 03: GPAC – General Purpose Acquisition Corp. $200M IPO (+underwriter overallotment: $30M)
Dec 02: BIXI – Bitcoin Infrastructure Acquisition Corp Ltd. $200M IPO (+underwriter overallotment: $20M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
60.4% ~ $ 16.81 | ASPC – ASPAC III ACQUISITION CORP (Announced)
9.2% ~ $ 12.79 | ESHA – ESH ACQUISITION CORP (Announced)
2.7% ~ $ 11.50 | BKHA – BLACK HAWK ACQUISITION CORP (Announced)
1.8% ~ $ 11.37 | SPKL – SPARK I ACQUISITION CORP (Pre-Deal)
1.6% ~ $ 11.90 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Announced)

YESTERDAY’S TOP SPAC LOSERS
-60.8% ~ $ 34.72 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
-14.2% ~ $ 15.02 | HSPO – HORIZON SPACE ACQUISITION I CORP (Pre-Deal)
-6.8% ~ $ 10.72 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
-2.8% ~ $ 14.01 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-2.8% ~ $ 12.01 | TBMC – TRAILBLAZER MERGER CORP I (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 11 | BLRK – Bluerock Acquisition Corp.
Dec 11 | KBON – Karbon Capital Partners Corp.
Dec 10 | MESH – Meshflow Acquisition Corp
Dec 09 | DSAC – Daedalus Special Acquisition Corp.
Dec 05 | $ 10.02 | LFAC – Leapfrog Acquisition Corp
Dec 04 | $ 10.06 | SAC – Safeguard Acquisition Corp.
Dec 04 | $ 10.01 | AEAQ – Activate Energy Acquisition Corp.
Dec 04 | $ 10.32 | NWAX – New America Acquisition I Corp.
Dec 03 | $ 10.00 | GPAC – General Purpose Acquisition Corp.
Dec 03 | $ 10.07 | SBXE – SilverBox Corp V
Dec 02 | $ 10.01 | BIXI – Bitcoin Infrastructure Acquisition Corp Ltd.
Nov 26 | $ 10.08 | SCII – SC II Acquisition Corp
Nov 25 | $ 10.03 | IGAC – Invest Green Acquisition Corp
Nov 21 | $ 10.02 | HCAC – Hall Chadwick Acquisition Corp
Nov 13 | $ 10.04 | ALUB – Alussa Energy Acquisition Corp. II
Nov 12 | BPAC – Blueport Acquisition Ltd
Nov 11 | $ 10.10 | EVOX – Evolution Global Acquisition Corp

Recent Analysis

Daily SPAC Update – December 4, 2025

Safeguard, New America, and Activiate Energy Launch SPAC IPOs. Pompliano’s ProCap BTC and Twenty One Capital SPAC Deals Approved. Cartica + Nidar Infrastructure Deal Vote.

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