Daily SPAC Update – March 5, 2025

by | Mar 5, 2025

Focus Impact (BHAC) Deal Approved; Expects to Close in March. Relativity Acquisition (RACY) Tries Again with Instinct Brothers.

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Daily SPAC Update

SPAC VOTE RESULTS
BHAC – FOCUS IMPACT BH3 ACQUISITION CO * Deal Approved * 1,208,570 redeemed

SPAC DEALS ANNOUNCED
Mar 04 | RACY – Relativity Acquisition Corp + Instinct Brothers Co., Ltd.

ABOUT Instinct Brothers Co., Ltd.
Instinct Brothers is a vertically integrated Japanese company specializing in stem cell technology and regenerative medicine, encompassing research and development, manufacturing, distribution, retail, and clinical applications. Founded in 2017, Instinct Brothers is led by industry expert Tomoki Nagano, Group Chairman and Chief Executive Officer, an industry expert with a vision to drive innovation in regenerative medicine. The Company’s mission is to advance stem cell science, enhance patient outcomes, and pioneer the next generation of stem cell-based therapies.

Feb 28 | HLXB – Helix Acquisition Corp Ii + BridgeBio Oncology Therapeutics

ABOUT BridgeBio Oncology Therapeutics
BridgeBio Oncology Therapeutics (BBOT) is a clinical-stage biopharmaceutical company advancing a next-generation pipeline of novel small molecule therapeutics targeting RAS and PI3Kα malignancies. Initially formed as a subsidiary of BridgeBio Pharma, Inc. (Nasdaq: BBIO), BBOT has the goal of improving outcomes for patients with cancers driven by the two most prevalent oncogenes in human tumors. For more information, visit bridgebiooncology.com.

OTHER SPAC NEWS
RACY – RELATIVITY ACQUISITION CORP * Merger Agreement

SEPARATE WARRANTS/RIGHTS
Mar 07: MAYWOOD ACQUISITION CORP (MAYA)

YESTERDAY’S TOP SPAC GAINERS
19.67% ~ $ 4.38 | BOWN – BOWEN ACQUISITION CORP (Announced)
.91% ~ $ 11.05 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Pre-Deal)
.56% ~ $ 11.77 | VMCA – VALUENCE MERGER CORP I (Pre-Deal)
.47% ~ $ 10.60 | CCIX – CHURCHILL CAPITAL CORP IX (Pre-Deal)
.40% ~ $ 10.16 | VCIC – VINE HILL CAPITAL INVESTMENT CORP (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-17.03% ~ $ 5.17 | GLST – GLOBAL STAR ACQUISITION INC (Announced)
-2.00% ~ $ 10.77 | ESHA – ESH ACQUISITION CORP (Pre-Deal)
-1.16% ~ $ 11.95 | EVGR – EVERGREEN CORP (Announced)
-.96% ~ $ 11.40 | FTII – FUTURETECH II ACQUISITION CORP (Announced)
-.94% ~ $ 11.55 | GDST – GOLDENSTONE ACQUISITION LTD (Announced)

LATEST SPAC IPO PERFORMANCE
LATEST SPAC IPO PERFORMANCE
Feb 27 | $ 10.00 | LOKV – Live Oak Acquisition Corp. V
Feb 27 | $ 10.02 | NHIC – NewHold Investment Corp. III
Feb 27 | $ 10.00 | FERA – Fifth Era Acquisition Corp I
Feb 26 | $ .00 | RAC – Rithm Acquisition Corp.
Feb 12 | $ 10.03 | AACB – Artius II Acquisition Inc.
Feb 12 | $ 10.10 | MAYA – Maywood Acquisition Corp.
Feb 10 | $ 10.06 | ATII – Archimedes Tech SPAC Partners II Co.
Feb 06 | $ 10.02 | KFII – K GROWTH ACQUISITION CORP. II

Recent Analysis

Daily SPAC Update – March 25, 2025

Newbury Street and DT Cloud Extend with $5.7M and $20M in Redemptions. Compass Digital Extension Vote Set. Concord Gets New Auditor. Winvest Delisting.

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