Daily SPAC Update – February 3, 2025

by | Feb 3, 2025

Maquia Capital (MAQC) Extension Approved. GLST + K Enter Holdings Merger Vote. Broad Capital (BRAC) Sets Deal Vote. DRDB and MLAC Separate Trading.

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Daily SPAC Update

SPAC VOTE RESULTS
MAQC – MAQUIA CAPITAL ACQUISITION CORP * Extend to Feb 07, 2026 * 76,516 redeemed

MERGER VOTES
GLST – Global Star Acquisition Inc K Enter Holdings Inc.
K Enter Holdings Inc. is a recently formed holding company for the purpose of acquiring seven diversified entertainment operating companies based in Korea, engaged in the entertainment content and IP creation businesses (the “Seven Korean Entities”). K Enter has an internal K drama production team, and the Seven Korean Entities to be acquired by K Enter include Solaire Partners Ltd. (“Solaire Partners”), a Korean content-specialized private equity firm based in Seoul Korea that has invested in some of the highest-grossing films out of Korea, one K drama production company, three K movie production companies, one virtual production company, and one IP merchandising company. As a combined platform, we expect these companies to provide a significant amount of synergy.

SPAC DEAL & EXTENSION VOTES SET
BRAC – Broad Capital Acquisition Corp * DEAL VOTE SET: Feb 21, 2025 * trust $11.89

SEPARATE WARRANTS/RIGHTS
Feb 06: HENNESSY CAPITAL INVESTMENT CORP VII (HVII)
Feb 03: ROMAN DBDR ACQUISITION CORP II (DRDB)
Feb 03: MOUNTAIN LAKE ACQUISITION CORP (MLAC)

YESTERDAY’S TOP SPAC GAINERS
9.66% ~ $ 12.94 | PWUP – POWERUP ACQUISITION CORP (Announced)
3.94% ~ $ 13.20 | IPXX – INFLECTION POINT ACQUISITION CORP II (Announced)
3.14% ~ $ 12.50 | TETE – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP (Announced)
1.70% ~ $ 11.35 | GBBK – GLOBAL BLOCKCHAIN ACQUISITION CORP (Announced)
1.39% ~ $ 5.84 | RFAC – RF ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-39.10% ~ $ 8.83 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
-11.52% ~ $ 9.75 | WAVS – WESTERN ACQUISITION VENTURES CORP (Announced)
-10.87% ~ $ 11.81 | AIMAU – AIMFINITY INVESTMENT CORP I (Announced)
-8.93% ~ $ 6.12 | BOWN – BOWEN ACQUISITION CORP (Announced)
-2.58% ~ $ 11.69 | CSLM – CSLM ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Jan 29 | | SVCC – Stellar V Capital Corp.
Jan 28 |  | FGMC – FG Merger II Corp.
Jan 27 |  | DMAA – Drugs Made In America Acquisition Corp.
Jan 21 | $ 10.05 | COLA – Columbus Acquisition Corp
Jan 16 | $ 10.03 | HVII – Hennessy Capital Investment Corp. VII
Jan 14 | $ 10.08 | RIBB – Ribbon Acquisition Corp.
Jan 14 | $ 10.04 | PLMK – Plum Acquisition Corp, IV
Jan 07 | $ 10.05 | CEPO – Cantor Equity Partners I, Inc.

Recent Analysis

Daily SPAC Update – February 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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