Daily SPAC Update – June 30, 2025

by | Jun 30, 2025

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

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SPAC VOTE RESULTS
BREZ – BREEZE HOLDINGS ACQUISITION CORP * Extend to Sep 26, 2025 * 47,690 redeemed
WTMA – WELSBACH TECHNOLOGY METALS ACQUISITION CORP * Extend to Sep 30, 2025 * 518,102 redeemed * $5,859,734 removed * trust $11.31
WTMA – WELSBACH TECHNOLOGY METALS ACQUISITION CORP * Deal Approved with Evolution Metals LLC * 1,024,736 redeemed * $11,589,764 removed * trust $11.31

EXTENSION VOTES
EURK – EUREKA ACQUISITION CORP -> extend up to 12 months to 12 months to July 3, 2026

SEPARATE WARRANTS/RIGHTS
Jun 30: EGH ACQUISITION CORP (EGHA)

OTHER SPAC NEWS
AIMAU – AIMFINITY INVESTMENT CORP I * Redemption Update * 1,072,957 redeemed
CCCM – COLUMBUS CIRCLE CAPITAL CORP I * Merger Agreement
CCIR – COHEN CIRCLE ACQUISITION CORP I * Merger Agreement Amendment
SPKL – SPARK I ACQUISITION CORP * Non-Binding LOI
BKHA – BLACK HAWK ACQUISITION CORP * Vote Adjourned
WINV – WINVEST ACQUISITION CORP * Vote Adjourned

MAY’S SPAC SURGE COOLS IN JUNE

SPAC IPO count and issuance update

After a sharp uptick in May SPAC activity—featuring over $5B in issuance and more than 20 IPOs—June saw a noticeable cooldown. Issuance volume dropped by nearly two-thirds, and IPO count slipped back to pre-surge levels. While May hinted at a potential SPAC market revival, June’s pullback suggests the rally may have been short-lived or met with cautious investor sentiment.

NEW SPAC IPOs
Jun 27: FIGX – Figx Capital Acquisition Corp. $131M IPO
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 Movers

YESTERDAY’S TOP SPAC GAINERS
13.35% ~ $ 10.70 | JVSA – JVSPAC ACQUISITION CORP (Announced)
11.34% ~ $ 11.00 | IROH – IRON HORSE ACQUISITIONS CORP (Announced)
7.79% ~ $ 14.66 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
4.35% ~ $ 8.63 | CHEB – CHENGHE ACQUISITION II CO (Announced)
2.59% ~ $ 8.92 | BOWN – BOWEN ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-5.67% ~ $ 13.15 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
-2.33% ~ $ 10.08 | JACS – JACKSON ACQUISITION CO II (Pre-Deal)
-1.19% ~ $ 9.99 | CHPG – CHAMPIONSGATE ACQUISITION CORP (Pre-Deal)
-.89% ~ $ 11.14 | BAYA – BAYVIEW ACQUISITION CORP (Announced)
-.69% ~ $ 10.13 | IPCX – INFLECTION POINT ACQUISITION CORP III (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Jun 27 | YORK – Yorkville Acquisition Corp.
Jun 27 | FIGX – FIGX Capital Acquisition Corp.
Jun 25 | $ 10.03 | LWAC – LightWave Acquisition Corp.
Jun 25 | $ 10.02 | OBA – Oxley Bridge Acquisition
Jun 18 | $ 10.09 | AXIN – Axiom Intelligence Acquisition Corp 1
Jun 18 | $ 10.00 | PACH – Pioneer Acquisition I Corp
Jun 13 | $ 10.05 | 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
May 29 | $ 10.11 | JENA – JENA ACQUISITION CORPORARTION II
May 29 | $ 10.07 | WTG – Wintergreen Acquisition Corp.
May 28 | $ 10.18 | KCHV – Kochav Defense Acquisition Corp.
May 28 | $ 10.17 | CHPG – ChampionsGate Acquisition Corp

Recent Analysis

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