Daily SPAC Update – January 29, 2025

by | Jan 29, 2025

Finnovate (FNVTF) Delays Deal Vote to February. RACY and MAQC Set Extension Votes. JACS Separate Trading on Jan 30. Constellation (CSTAF) Extension Vote.

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SPAC DEAL VOTES
FNVTF – FINNOVATE ACQUISITION CORP * Deal Vote Postponed

SPAC DEAL & EXTENSION VOTES SET
RACY – Relativity Acquisition Corp * EXTENSION VOTE SET: Feb 13, 2025 * trust $11.96
MAQC – Maquia Capital Acquisition Corp * EXTENSION VOTE SET: Jan 31, 2025 * trust $12.01

EXTENSION VOTES
CSTAF – CONSTELLATION ACQUISITION CORP I * Vote January 27, 2025 -> extend from January 29, 2025 to January 29, 2026

SEPARATE WARRANTS/RIGHTS
JACS on Jan 30

NEW SPAC IPOs
Jan 28: FGMC – Fg Merger Ii Corp. $80M IPO
Jan 27: DMAA – Drugs Made In America Acquisition Corp. $200M IPO

YESTERDAY’S TOP SPAC GAINERS
15.00% ~ $ 5.75 | RFAC – RF ACQUISITION CORP (Announced)
4.00% ~ $ 12.47 | WINV – WINVEST ACQUISITION CORP (Announced)
3.24% ~ $ 12.57 | IPXX – INFLECTION POINT ACQUISITION CORP II (Announced)
3.14% ~ $ 12.50 | TETE – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP (Announced)
1.67% ~ $ 11.59 | FTII – FUTURETECH II ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-11.52% ~ $ 9.75 | WAVS – WESTERN ACQUISITION VENTURES CORP (Announced)
-7.56% ~ $ 11.00 | PLMJ – PLUM ACQUISITION CORP III (Pre-Deal)
-4.74% ~ $ 11.13 | DIST – DISTOKEN ACQUISITION CORP (Announced)
-2.58% ~ $ 11.69 | CSLM – CSLM ACQUISITION CORP (Announced)
-2.01% ~ $ 11.70 | PWUP – POWERUP ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Jan 28 | | FGMC – FG Merger II Corp.
Jan 27 |  | DMAA – Drugs Made In America Acquisition Corp.
Jan 21 | $ 10.02 | COLA – Columbus Acquisition Corp
Jan 16 | $ 10.02 | HVII – Hennessy Capital Investment Corp. VII
Jan 14 | $ 10.06 | RIBB – Ribbon Acquisition Corp.
Jan 14 | $ 10.04 | PLMK – Plum Acquisition Corp, IV
Jan 07 | $ 10.06 | CEPO – Cantor Equity Partners I, Inc.

 

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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