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 Update – March 25, 2025

Newbury Street and DT Cloud Extend with $5.7M and $20M in Redemptions. Compass Digital Extension Vote Set. Concord Gets New Auditor. Winvest Delisting.

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