Daily SPAC Update – February 27, 2025

by | Feb 27, 2025

Rithm Acquisition $200M IPO. DMY Goes Quantum Again with Horizon as de Masi Moves On and Harry You Takes Over.

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MERGER VOTES
BHAC – Focus Impact Bh3 Acquisition Co + XCF Global Capital
XCF Global leads the charge in producing Sustainable Aviation Fuel (“SAF”), committed to reducing the global carbon footprint through expanding the market for clean-burning, sustainable biofuels. The Company is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality.

NEW SPAC IPOs
Feb 26: RAC – Rithm Acquisition Corp. $200M IPO

OTHER SPAC NEWS
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * CEO Chage: Niccolo de Masi hands the CEO role to long-time partner Harry You
FNVTF – FINNOVATE ACQUISITION CORP * Deal Vote Postponed

NON-BINDING LOI FOR DMY
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * Non-Binding LOI with Horizon Quantum Computing

 

YESTERDAY’S TOP SPAC GAINERS
6.57% ~ $ 11.51 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
2.04% ~ $ 10.99 | ESHA – ESH ACQUISITION CORP (Pre-Deal)
1.42% ~ $ 11.40 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Pre-Deal)
.59% ~ $ 12.00 | IVCA – INVESTCORP AI ACQUISITION CORP (Announced)
.55% ~ $ 10.93 | HYAC – HAYMAKER ACQUISITION CORP 4 (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-5.53% ~ $ 3.76 | BOWN – BOWEN ACQUISITION CORP (Announced)
-3.44% ~ $ 5.99 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
-2.93% ~ $ 12.60 | WINV – WINVEST ACQUISITION CORP (Announced)
-2.56% ~ $ 11.05 | IPXX – INFLECTION POINT ACQUISITION CORP II (Announced)
-1.16% ~ $ 11.95 | EVGR – EVERGREEN CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Feb 26 |  | RAC – Rithm Acquisition Corp.
Feb 12 | $ 10.08 | MAYA – Maywood Acquisition Corp.
Feb 12 | $ 10.03 | AACB – Artius II Acquisition Inc.
Feb 10 | $ 10.04 | ATII – Archimedes Tech SPAC Partners II Co.
Feb 06 | $ 10.02 | KFII – K GROWTH ACQUISITION CORP. II
Jan 29 | $ 10.07 | SVCC – Stellar V Capital Corp.
Jan 28 | $ 9.79 | FGMC – FG Merger II Corp.

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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