Daily SPAC Update – January 16, 2025

by | Jan 16, 2025

LATG DeSPACs to Femco Steel Technology (KBSX). Plum Acquisition III Extension Vote. RRAC and EVGR Extension Votes Set. NOEM Separate Trading on Jan 16.

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

Daily SPAC Update

DeSPACs
Jan 16: LATG DeSPAC to Femco Steel Technology Co., Ltd (KBSX)

SPAC DEAL & EXTENSION VOTES SET
RRAC – Rigel Resource Acquisition Corp * DEAL VOTE SET: Feb 04, 2025 * trust $11.52
EVGR – Evergreen Corp * EXTENSION VOTE SET: Jan 28, 2025 * trust $11.95

EXTENSION VOTES
PLMJ – PLUM ACQUISITION CORP III * vote January 16, 2025 -> extend from January 30, 2025 to July 30, 2025

SEPARATE WARRANTS/RIGHTS
NOEM on Jan 16

NEW SPAC IPOs
Jan 14: PLMK – Plum Acquisition Corp, Iv $150M IPO
Jan 14: RIBB – Ribbon Acquisition Corp. $50M IPO

YESTERDAY’S TOP SPAC GAINERS
40.00% ~ $ 11.90 | LATG – CHENGHE ACQUISITION I CO (DeSPAC)
4.03% ~ $ 11.62 | PLMJ – PLUM ACQUISITION CORP III (Pre-Deal)
2.98% ~ $ 12.10 | CSLM – CSLM ACQUISITION CORP (Announced)
1.51% ~ $ 11.99 | WAVS – WESTERN ACQUISITION VENTURES CORP (Announced)
1.46% ~ $ 11.80 | MSSA – METAL SKY STAR ACQUISITION CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-6.91% ~ $ 11.92 | BRAC – BROAD CAPITAL ACQUISITION CORP (Announced)
-3.07% ~ $ 11.37 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
-2.53% ~ $ 11.96 | AIMAU – AIMFINITY INVESTMENT CORP I (Announced)
-2.01% ~ $ 12.00 | WINV – WINVEST ACQUISITION CORP (Announced)
-1.67% ~ $ 12.33 | KACL – KAIROUS ACQUISITION CORP LTD (Announced)

LATEST SPAC IPO PERFORMANCE
Jan 14 | $ 10.01 | RIBB – Ribbon Acquisition Corp.
Jan 14 | $ 10.04 | PLMK – Plum Acquisition Corp, IV
Jan 07 | $ 10.05 | CEPO – Cantor Equity Partners I, Inc.
Dec 23 | $ 10.01 | TDAC – Translational Development Acquisition Corp.
Dec 19 | $ 10.10 | RANG – Range Capital Acquisition Corp.

Recent Analysis

Daily SPAC Update – May 15, 2025

Thayer Ventures II and Reantus Tactical I IPO. Investcorp AI extends with $17.5M redeemed. Rigel Resource extends with $53.4M redeemed. Texas Ventures III Separate Trading. 

Daily SPAC Update – May 14, 2025

Cantor Equity Partners / Tether Purchase $458 million in Bitcoin. Churchill Capital X Upsized IPO of $360 million. Black Spade II Deal Deck.

Daily SPAC Update – May 13, 2025

Horizon Space Acquisition II + SL Bio Deal Announced. Finnovate and Aquaron Extensions Approved. Perimeter Acquisition $210 million IPO. Integrated Rail & Resources Extension Vote.

Daily SPAC Update – May 10, 2025

Goal Acquisition and CrownProptech Acquisition Extensions Approved. Investcorp AI Extension Vote Today. BSII, BNIX, IGTA Deal/Extension Votes Set. RENE Delisting.

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.