Daily SPAC Update – July 7, 2025

by | Jul 7, 2025

Crown Proptech + Mkango Resources Deal. Newbury Street Gets $5M in Termination Fee. Four Leaf and Eureka Extensions Approved. Chenghe  / Polibeli Deal Deck.

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Daily SPAC Update

SPAC VOTE RESULTS
FORL – FOUR LEAF ACQUISITION CORP * Extend to Jun 22, 2026 * 1,708,386 redeemed
EURK – EUREKA ACQUISITION CORP * Extend to Jul 03, 2026 * 3,038,722 redeemed

SPAC DEAL & EXTENSION VOTES SET
CSLMF – Cslm Acquisition Corp * DEAL VOTE SET: Jul 28, 2025 * trust $12.06
KVAC – Keen Vision Acquisition Corp * EXTENSION VOTE SET: Jul 22, 2025 * trust $11.41

EXTENSION VOTES
GMFI – AETHERIUM ACQUISITION CORP * extend until December 29, 2025

OTHER SPAC NEWS
CHEB – CHENGHE ACQUISITION II CO * Investor Deck
ISRL – ISRAEL ACQUISITIONS CORP * Merger Amendment
NBST – NEWBURY STREET ACQUISITION CORP * Settlement Fee
BKHA – BLACK HAWK ACQUISITION CORP * Vote Adjourned

SPAC DEALS ANNOUNCED
Jul 03 | CPTK – Crown Proptech Acquisitions + Mkango Resources Ltd

ABOUT Mkango Resources Ltd
Mkango is listed on AIM and the TSX Venture Exchange. Mkango’s corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited (“Maginito”), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp (“CoTec”), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies. Maginito holds a 100 per cent interest in HyProMag Limited (“HyProMag”) and a 90 per cent direct and indirect interest (assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd (“Mkango UK”), focused on long loop rare earth magnet recycling in the UK via a chemical route. Maginito and CoTec are also rolling out HyProMag’s recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company. Mkango also owns the advanced stage Songwe Hill Rare Earth project, a rare earths, uranium, tantalum and niobium exploration portfolio in Malawi, as well as the Pulawy Rare Earth’s separation project in Poland. These projects are the subject of the Proposed Business Combination. Songwe Hill is one of the few rare earth projects to have advanced to the NI 43-101 compliant DFS. The DFS is dated August 18, 2022 with an effective date of July 1, 2022 and entitled “NI 43-101 Technical Report on the Songwe Hill Rare Earth Element Project in Malawi”. It was prepared by Senet, a DRA Global Group Company, and can be located under Mkango’s profile on SEDAR+ at www.sedarplus.ca/landingpage. Pulawy, located in a Special Economic Zone in Poland, stands adjacent to the EU’s second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.

SPAC LIQUIDATIONS
Kairous Acquisition Corp. Ltd (KACL)-> Liquidation on Jun 30

SEPARATE WARRANTS/RIGHTS
Jul 07: CHURCHILL CAPITAL CORP X (CCCX)
Jul 07: WEN ACQUISITION CORP (WENN)

NEW SPAC IPOs
Jul 02: EVAC – Eqv Ventures Acquisition Corp. Ii $420M IPO (+underwriter overallotment: $40M)
Jul 02: ORIQ – Origin Investment Corp I $60M IPO
Jul 02: ONCH – 1rt Acquisition Corp. $150M IPO (+underwriter overallotment: $22.5M)
Jul 02: VNME – Vendome Acquisition Corp I $200M IPO
Jul 01: INAC – Indigo Acquisition Corp. $100M IPO
Jul 01: NMP – Nmp Acquisition Corp. $100M IPO
Jul 01: CCII – Cohen Circle Aqusition Corp. Ii $220M IPO (+underwriter overallotment: $33M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
5.82% ~ $ 15.82 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
1.39% ~ $ 10.97 | SBXD – SILVERBOX CORP IV (Pre-Deal)
1.30% ~ $ 10.94 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Announced)
1.15% ~ $ 11.00 | SPKL – SPARK I ACQUISITION CORP (Pre-Deal)
.96% ~ $ 11.61 | MBAV – M3-BRIGADE ACQUISITION V CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-7.87% ~ $ 8.29 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
-6.03% ~ $ 29.68 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-1.92% ~ $ 9.97 | TVAI – THAYER VENTURES ACQUISITION CORP II (Pre-Deal)
-1.14% ~ $ 13.05 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
-.98% ~ $ 10.10 | BOWN – BOWEN ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Jul 02 | $ 9.98 | ORIQ – Origin Investment Corp I
Jul 02 | $ 9.97 | VNME – Vendome Acquisition Corp I
Jul 02 | $ 10.24 | ONCH – 1RT Acquisition Corp.
Jul 02 | $ 10.01 | EVAC – EQV Ventures Acquisition Corp. II
Jul 01 | $ 10.20 | CCII – Cohen Circle Aqusition Corp. II
Jul 01 | $ 10.01 | INAC – Indigo Acquisition Corp.
Jul 01 | $ 9.98 | NMP – NMP Acquisition Corp.
Jun 27 | $ 10.97 | YORK – Yorkville Acquisition Corp.
Jun 27 | $ 10.01 | FIGX – FIGX Capital Acquisition Corp.
Jun 25 | $ 10.02 | LWAC – LightWave Acquisition Corp.
Jun 25 | $ 10.01 | OBA – Oxley Bridge Acquisition
Jun 18 | $ 10.08 | AXIN – Axiom Intelligence Acquisition Corp 1
Jun 18 | $ 10.00 | PACH – Pioneer Acquisition I Corp
Jun 13 | $ 10.04 | BACC – Blue Acquisition Corp/Cayman
Jun 13 | $ 10.02 | BSAA – BEST SPAC I Acquistion Corp.
Jun 10 | $ 10.01 | BLUW – Blue Water Acquisition Corp. III

Recent Analysis

Daily SPAC Update – July 2, 2025

July’s SPAC Market Taking Off with 3 More SPAC IPOs. Eureka Extends. Integrated Rail & Resources Deal Approved. Kairous Acquisition Confirms Liquidation.

Daily SPAC Update – July 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.

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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