Daily SPAC Update – December 15, 2025

by | Dec 16, 2025

Crane Harbor II $300 Million Upsized SPAC IPO. DMY Squared and Bayview Extensions approved. Alphatime and Concord II Votes Today. Bitcoin Infrastructure Separate Trading Tomorrow.

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Daily SPAC Update

CRANE HARBOR II UPSIZES TO $300M IN LATEST DECEMBER SPAC IPO
Crane Harbor Acquisition Corp. II priced an upsized $300 million SPAC IPO today, selling 30 million units at $10 on Nasdaq (CRANU). Units bundle one Class A share plus one-fifteenth of one redeemable right—CRAN and CRANR trade separately post-split. The Cohen family team returns with the same playbook: Executive Chairman Jonathan Z. Cohen and CEO William I. Fradin targeting tech, real assets, and energy deals. Cohen & Company Capital Markets led as book-runner with JonesTrading as joint book-runner. Stevens & Lee repped the issuer, Kirkland & Ellis the underwriters. Underwriters grabbed the standard 45-day over-allotment option. Expected close Dec. 17. Another sizable December print as sponsors lean into year-end momentum.

SPAC VOTE RESULTS
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * Extend to Jan 29, 2026 * 12,599 redeemed
BAYA – BAYVIEW ACQUISITION CORP * Extend to Jun 19, 2026 * 727,970 redeemed * $8,393,494 removed * trust $11.53

EXTENSION VOTES
ATMC – ALPHATIME ACQUISITION CORP * vote December 16, 2025 -> extend from January 4, 2026 to April 4, 2026
CNDA – CONCORD ACQUISITION CORP II * vote December 16, 2025 -> extend from December 31, 2025 to December 31, 2026

SEPARATE WARRANTS/RIGHTS
Dec 17: BITCOIN INFRASTRUCTURE ACQUISITION CORP LTD (BIXI)
Dec 15: HARVARD AVE ACQUISITION CORP (HAVA)
Dec 15: MILUNA ACQUISITION CORP (MMTX)

OTHER SPAC NEWS
DTSQ – DT CLOUD STAR ACQUISITION CORP * Vote Adjourned

NEW SPAC IPOs
Dec 16: CRAN – Crane Harbor Acquisition Corp. II $300M IPO
Dec 12: ITHA – ITHAX Acquisition Corp III $200M IPO (+underwriter overallotment: $30M)
Dec 12: TWLV – Twelve Seas Investment Co III $150M IPO (+underwriter overallotment: $22.5M)
Dec 11: BLRK – Bluerock Acquisition Corp. $150M IPO
Dec 11: KBON – Karbon Capital Partners Corp. $300M IPO (+underwriter overallotment: $45M)
Dec 10: MESH – Meshflow Acquisition Corp $300M IPO (+underwriter overallotment: $45M)
Dec 09: DSAC – Daedalus Special Acquisition Corp. $225M IPO (+underwriter overallotment: $25M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
4.9% ~ $ 12.49 | TBMC – TRAILBLAZER MERGER CORP I (Announced)
4.7% ~ $ 9.43 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
2.8% ~ $ 30.51 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
1.3% ~ $ 10.85 | GRAF – GRAF GLOBAL CORP (Pre-Deal)
1.1% ~ $ 11.79 | ESHA – ESH ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-6.1% ~ $ 14.00 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-4.1% ~ $ 10.55 | ASPC – ASPAC III ACQUISITION CORP (Announced)
-1.7% ~ $ 11.41 | WLAC – WILLOW LANE ACQUISITION CORP (Announced)
-1.4% ~ $ 10.69 | BACQ – INFLECTION POINT ACQUISITION CORP IV (Announced)
-1.2% ~ $ 10.52 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Dec 16 | CRAN – Crane Harbor Acquisition Corp. II
Dec 12 | $ 9.97 | ITHA – ITHAX Acquisition Corp III
Dec 12 | TWLV – Twelve Seas Investment Co III
Dec 11 | $ 10.01 | BLRK – Bluerock Acquisition Corp.
Dec 11 | $ 10.08 | KBON – Karbon Capital Partners Corp.
Dec 10 | $ 10.01 | MESH – Meshflow Acquisition Corp
Dec 09 | $ 10.04 | DSAC – Daedalus Special Acquisition Corp.
Dec 05 | $ 10.02 | LFAC – Leapfrog Acquisition Corp
Dec 04 | $ 10.09 | SAC – Safeguard Acquisition Corp.
Dec 04 | $ 10.01 | AEAQ – Activate Energy Acquisition Corp.
Dec 04 | $ 10.33 | NWAX – New America Acquisition I Corp.
Dec 03 | $ 9.99 | GPAC – General Purpose Acquisition Corp.
Dec 03 | $ 10.10 | SBXE – SilverBox Corp V
Dec 02 | $ 10.01 | BIXI – Bitcoin Infrastructure Acquisition Corp Ltd.
Nov 26 | $ 10.06 | SCII – SC II Acquisition Corp
Nov 25 | $ 10.02 | IGAC – Invest Green Acquisition Corp
Nov 21 | $ 10.03 | HCAC – Hall Chadwick Acquisition Corp

Recent Analysis

Daily SPAC Update – December 15, 2025

December SPAC IPO Update. Alpha Star Acquisition Extension Approved. DT Cloud Star Extension Fee Vote. Harvard, Miluna Separate Trading Today and Bitcoin Infrastructure Later this Week.

Daily SPAC Update – December 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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