Daily SPAC Update – February 12, 2025

by | Feb 12, 2025

Nabors Energy Transition II (NETD) Deal Announced with e2Companies. Atherium (GMFI) Extension Vote. Global Star (GLST) Fixes Trust Mistake. FTAC Emerald (FLDD) Deal Vote Delayed to Feb 13.

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SPAC DEALS ANNOUNCED
Feb 12 | NETD – Nabors Energy Transition Corp Ii + e2Companies LLC

ABOUT e2Companies LLC
e2 is the first vertically integrated Virtual Utility® for power generation, distribution, and energy economics in the marketplace. e2’s patented technology, the R3Di® System, provides automated grid stability for continuous on-site power and seamless resiliency, independent of grid conditions. The R3Di® System is continuously monitored by the Grove365® to optimize resources, track ESG targets, and unlock new revenue opportunities for customers. This automated platform is self-sustaining and designed to adapt to future grid advancements including renewables, hydrogen, geothermal, biofuel, and autonomous grid operations.

EXTENSION VOTES
GMFI – AETHERIUM ACQUISITION CORP * vote February 12, 2025 -> extend to until December 29, 2025

OTHER SPAC NEWS
GLST – GLOBAL STAR ACQUISITION INC * Trust Update * trust $11.52
FLDD – FTAC EMERALD ACQUISITION CORP * Deal Vote Postponed
IPXX – INFLECTION POINT ACQUISITION CORP II * Investor Deck

NEW SPAC IPOs
Feb 10: ATII – Archimedes Tech Spac Partners Ii Co. $200M IPO

YESTERDAY’S TOP SPAC GAINERS
43.13% ~ $ 11.20 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
23.22% ~ $ 14.01 | PWUP – POWERUP ACQUISITION CORP (Announced)
3.14% ~ $ 12.50 | TETE – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP (Announced)
1.38% ~ $ 12.47 | WINV – WINVEST ACQUISITION CORP (Announced)
.74% ~ $ 10.94 | GATE – MARBLEGATE ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-42.32% ~ $ 6.31 | BLAC – BELLEVUE LIFE SCIENCES ACQUISITION CORP (Announced)
-11.52% ~ $ 9.75 | WAVS – WESTERN ACQUISITION VENTURES CORP (Announced)
-10.49% ~ $ 4.01 | BOWN – BOWEN ACQUISITION CORP (Announced)
-7.56% ~ $ 11.00 | PLMJ – PLUM ACQUISITION CORP III (Announced)
-2.58% ~ $ 11.69 | CSLM – CSLM ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Feb 06 | $ 10.01 | KFII – K GROWTH ACQUISITION CORP. II
Jan 29 | $ 10.06 | SVCC – Stellar V Capital Corp.
Jan 28 | $ 9.85 | FGMC – FG Merger II Corp.
Jan 27 | $ 10.07 | DMAA – Drugs Made In America Acquisition Corp.
Jan 21 | $ 10.07 | COLA – Columbus Acquisition Corp
Jan 16 | $ 10.05 | HVII – Hennessy Capital Investment Corp. VII
Jan 14 | $ 10.11 | RIBB – Ribbon Acquisition Corp.
Jan 14 | $ 10.05 | PLMK – Plum Acquisition Corp, IV

Recent Analysis

Daily SPAC: VACI-NorthStar, AIIR – May 18, 2026

Viking Acquisition Corp I (VACI) amended its NorthStar merger agreement, revising redemption timing and closing steps and clarifying tax treatment. Separately, CAEP completed its Air DeSPAC as AIIR. May MTD reached 11 SPAC IPOs / $1,775M through 18 days vs. 6 / $785M over the same span last month.

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

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