Daily SPAC Update – July 1, 2025

by | Jul 1, 2025

3 New SPAC IPOs for $420M Kick-Off July. JVSA DeSPACs to Hotel 101. Ribbon Deal with DRC Medicine. SLAM Shareholders Approve Extension.

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Daily SPAC Update

SPAC VOTE RESULTS
SLAM – SLAM CORP * Extend to Dec 25, 2025 * 1,885,947 redeemed

DeSPACs
Jul 01: JVSA DeSPAC to DoubleDragon Corporation, Hotel101 Global Pte. Ltd (HBNB)

SPAC DEALS ANNOUNCED
Jun 30 | RIBB – Ribbon Acquisition Corp + DRC Medicine Ltd.

ABOUT DRC Medicine Ltd.

Founded in 2007, DRC is an innovative healthcare and biotechnology company headquartered in Japan, focused on the research, development, and commercialization of advanced medical technologies that address significant global health challenges. The Company is best known for its proprietary Hydro Silver Titanium® technology, initially applied in consumer hygiene products such as masks and towels, and now being advanced to obtain medical device certification as among the world’s first therapeutic masks for seasonal allergic rhinitis . In addition to medical devices, the Company is developing a pipeline of In Vitro Diagnostic (“IVD”) kits for infectious diseases and allergen detection, combining its world-only cell-free protein synthesis technology leveraging AI powered Apps and is in final negotiation in acquiring an innovative ATP-enhancing drug for Parkinson’s disease.

EXTENSION VOTES
BKHA – BLACK HAWK ACQUISITION CORP * vote June 23, 2025 -> extend from June 22, 2025 to December 22, 2026

NEW SPAC IPOs
Jul 01: NMP – Nmp Acquisition Corp. $100M IPO
Jul 01: CCII – Cohen Circle Aqusition Corp. II $220M IPO
Jul 01: INAC – Indigo Acquisition Corp. $100M IPO
Jun 27: FIGX – Figx Capital Acquisition Corp. $131M IPO (+underwriter overallotment: $19.65M)
Jun 27: YORK – Yorkville Acquisition Corp. $150M IPO
Jun 25: LWAC – Lightwave Acquisition Corp. $187.5M IPO
Jun 25: OBA – Oxley Bridge Acquisition $220M IPO

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-06-25: EVGR + Forekast Limited

SPAC LATE 10-K FILINGS
IMAQ – International Media Acquisition Corp : Late 10-K

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
17.83% ~ $ 10.51 | BOWN – BOWEN ACQUISITION CORP (Announced)
5.46% ~ $ 15.46 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
4.00% ~ $ 8.98 | CHEB – CHENGHE ACQUISITION II CO (Announced)
2.18% ~ $ 10.30 | JACS – JACKSON ACQUISITION CO II (Pre-Deal)
2.06% ~ $ 11.90 | CEPO – CANTOR EQUITY PARTNERS I INC (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-65.98% ~ $ 3.64 | JVSA – JVSPAC ACQUISITION CORP (Announced)
-6.14% ~ $ 10.33 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
-3.34% ~ $ 27.79 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-1.39% ~ $ 10.62 | BKHA – BLACK HAWK ACQUISITION CORP (Announced)
-1.14% ~ $ 13.00 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Jul 01 | CCII – Cohen Circle Aqusition Corp. II
Jul 01 | INAC – Indigo Acquisition Corp.
Jul 01 | NMP – NMP Acquisition Corp.
Jun 27 | $ 11.25 | YORK – Yorkville Acquisition Corp.
Jun 27 | $ 10.02 | FIGX – FIGX Capital Acquisition Corp.
Jun 25 | $ 10.06 | LWAC – LightWave Acquisition Corp.
Jun 25 | $ 10.01 | OBA – Oxley Bridge Acquisition
Jun 18 | $ 10.09 | AXIN – Axiom Intelligence Acquisition Corp 1
Jun 18 | $ 10.01 | PACH – Pioneer Acquisition I Corp
Jun 13 | $ 10.04 | BACC – Blue Acquisition Corp/Cayman
Jun 13 | $ 10.04 | BSAA – BEST SPAC I Acquistion Corp.
Jun 10 | $ 10.01 | BLUW – Blue Water Acquisition Corp. III

 

Recent Analysis

Daily SPAC Update – June 30, 2025

Welsbach Technology Metals Deal and Extension Vote Pass. Breeze Extends. Eureka Acquisition Extension Vote. Blackhawk Vote Adjourned Again.

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