Daily SPAC Update – December 3, 2025

by | Dec 3, 2025

SilverBox V Prices $240M IPO. Pompliano’s ProCap-BTC and Cantor Equity / Twenty One Capital Deal Votes Today. DT Cloud Seeks No-Fee Extensions. Israel Acquisition Delisting.

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

Daily SPAC Update

SilverBox V Prices Upsized $240 Million SPAC IPO
SilverBox Corp V, the fifth SPAC from the SilverBox Capital management team, successfully priced its upsized initial public offering on December 2, 2025, raising $240 million through 24 million units at $10.00 each—a 20% increase from the originally planned deal size. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 per share. The Austin, Texas-based SPAC began trading on the New York Stock Exchange under ticker symbol “SBXE.U” on December 3, 2025, with Santander US Capital Markets serving as sole bookrunner. The company intends to pursue acquisitions in sectors including consumer, food and agriculture, e-commerce, financial services and fintech, and media, targeting businesses with aggregate enterprise values exceeding $750 million. SilverBox Capital’s previous SPAC, SBEA, completed a business combination with Black Rifle Coffee Company in February 2022.

SPAC VOTE RESULTS
AFJK – AIMEI HEALTH TECHNOLOGY CO LTD * Extend to Dec 06, 2026 * 3,942,661 redeemed * $44,828,056 removed * trust $11.37

MERGER VOTES
BRR – Columbus Circle Capital Corp I + ProCap BTC, LLC
ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

CEP – Cantor Equity Partners Inc + Twenty One Capital, Inc.
At closing, Twenty One will become the first Bitcoin-native public company, built to maximize Bitcoin ownership per share. Twenty One aims to be the most effective public vehicle for Bitcoin accumulation and monetization, with a mission to accelerate Bitcoin adoption and Bitcoin literacy, and a pursuit of strategies to develop a range of Bitcoin-related financial and advisory services.

EXTENSION VOTES
ESHA – ESH ACQUISITION CORP * vote December 3, 2025 -> extend from December 16, 2025 to June 13, 2026

SPAC DEAL & EXTENSION VOTES SET
DTSQ – DT Cloud Star Acquisition Corp * EXTENSION FEE CHANGE VOTE SET: Dec 12, 2025 * trust $10.86

OTHER SPAC NEWS
ISRL – ISRAEL ACQUISITIONS CORP * Delisting
CITE – CARTICA ACQUISITION CORP * Forward Purchase Agreement
KOYN – CSLM DIGITAL ASSET ACQUISITION CORP III LTD * Non-Binding LOI
BRR – COLUMBUS CIRCLE CAPITAL CORP I * Media Transcript
MBAV – M3-BRIGADE ACQUISITION V CORP * Podcast Transcript

EXTENSION VOTES
ESHA – ESH ACQUISITION CORP * vote December 3, 2025 -> extend from December 16, 2025 to June 13, 2026

SPAC DEALS ANNOUNCED
Dec 01 | FACT – Fact II Acquisition Corp + Precision Aerospace Defense Group, Inc.

ABOUT Precision Aerospace Defense Group, Inc.
Precision Aerospace & Defense Group, Inc. is a leading engineering and manufacturing company providing high-precision components, testing solutions, and sustainment services for the aerospace, defense, and space industries. PAD’s family of companies offers a vertically integrated platform with capabilities spanning advanced engineering design, reverse engineering and modernization of legacy systems, precision CNC machining and assembly, and non-destructive testing. Key end markets include military aerospace (sustainment of legacy aircraft and development of next-generation systems such as hypersonics), commercial aviation, space launch and satellite infrastructure, and other defense platforms. PAD operates multiple AS9100-certified and ITAR-registered facilities across the United States, strategically located near major aerospace hubs and military installations. Founded in 2016 and headquartered in Overland Park, Kansas, PAD has grown rapidly through organic initiatives and a targeted acquisition strategy, building a blue-chip customer base of leading OEMs, tier 1 suppliers, and U.S. Department of Defense agencies. PAD’s mission is to deliver mission-critical solutions with uncompromising quality and reliability, enabling its customers to succeed in the most demanding environments.

NEW SPAC IPOs
Dec 03: SBXE – Silverbox Corp V $240M IPO
Dec 02: BIXI – Bitcoin Infrastructure Acquisition Corp Ltd. $200M IPO
Nov 26: SCII – Sc Ii Acquisition Corp $150M IPO (+underwriter overallotment: $22.5M)
Nov 25: IGAC – Invest Green Acquisition Corp $150M IPO (+underwriter overallotment: $22.5M)

SEPARATE WARRANTS/RIGHTS
Dec 03: EVOLUTION GLOBAL ACQUISITION CORP (EVOX)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
11.42% ~ $ 12.49 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
3.80% ~ $ 14.46 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
2.90% ~ $ 11.37 | QETA – QUETTA ACQUISITION CORP (Announced)
1.22% ~ $ 12.40 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
.80% ~ $ 12.61 | HSPO – HORIZON SPACE ACQUISITION I CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-6.24% ~ $ 5.41 | BRR – COLUMBUS CIRCLE CAPITAL CORP I (Announced)
-3.52% ~ $ 12.05 | OAKU – OAK WOODS ACQUISITION CORP (Announced)
-3.42% ~ $ 7.90 | ATMV – ALPHAVEST ACQUISITION CORP (Announced)
-2.95% ~ $ 11.84 | ESHA – ESH ACQUISITION CORP (Announced)
-1.85% ~ $ 11.68 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Announced)

LATEST SPAC IPO PERFORMANCE
Dec 03 | SBXE – SilverBox Corp V
Dec 02 | BIXI – Bitcoin Infrastructure Acquisition Corp Ltd.
Nov 26 | $ 10.03 | SCII – SC II Acquisition Corp
Nov 25 | $ 10.01 | 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 | $ 10.04 | BPAC – Blueport Acquisition Ltd
Nov 11 | $ 10.08 | EVOX – Evolution Global Acquisition Corp
Nov 07 | $ 10.03 | TDWD – Tailwind 2.0 Acquisition Corp.
Nov 07 | $ 10.11 | CRAC – Crown Reserve Acquisition Corp I
Nov 04 | $ 10.25 | CEPV – Cantor Equity Partners V, Inc.
Nov 04 | $ 10.01 | WSTN – Westin Acquisition Corp

Recent Analysis

Daily SPAC Update – November 25, 2025

Invest Green $150M SPAC IPO. Rising Dragon + HZJL Deal Approvide with 5.7M Redemptions. DMY Squared and Bowen Set Extension Votes. Inflection Point V (f.k.a Maywood) Ticker Change.

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.