Daily SPAC Update – May 15, 2025

by | May 15, 2025

Thayer Ventures II and Reantus Tactical I IPO. Investcorp AI extends with $17.5M redeemed. Rigel Resource extends with $53.4M redeemed. Texas Ventures III Separate Trading.

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Daily SPAC Update

SPAC VOTE RESULTS
IVCAF – INVESTCORP AI ACQUISITION CORP * Extend to May 12, 2027 * 1,449,359 redeemed * $17,522,750.31 removed * trust $12.09
RRAC – RIGEL RESOURCE ACQUISITION CORP * Extend to Aug 09, 2025 * 4,489,188 redeemed * $53,421,337.20 removed * trust $11.90

SEPARATE WARRANTS/RIGHTS
May 16: TEXAS VENTURES ACQUISITION III CORP (TVA)

OTHER SPAC NEWS
NVAC – NORTHVIEW ACQUISITION CORP * Non-Redemption Agreement
FGMC – FG MERGER II CORP * Side Letter

NEW SPAC IPOs
May 15: TVAI – Thayer Ventures Acquisition Corp II $175M IPO
May 15: RTAC – Renatus Tactical Acquisition Corp I $210M IPO
May 14: CCCX – Churchill Capital Corp X $360M IPO
May 13: PMTR – Perimeter Acquisition Corp. I $210M IPO (+underwriter overallotment: $31.5M)
May 09: EGHA – Egh Acquisition Corp. $150M IPO

CANTOR EQUITY PARTNERS / TETHER BUY BITCOIN
Cantor Equity Partners (CEP) and Tether announced that, as part of their SPAC deal, Tether purchased 4,812.22 Bitcoin (valued at $458.7M, or ~$95,320 per BTC) using expected PIPE proceeds. See the CEP / Tether Bitcoin Wallet here: https://www.blockchain.com/explorer/addresses/btc/bc1qzup4k7zn9jur7a8kz0dnaernzyf60h8ez6s9cpmp23wfw5djhvusd4p0v3

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
14.43% ~ $ 12.37 | BOWN – BOWEN ACQUISITION CORP (Announced)
3.33% ~ $ 11.48 | CCIX – CHURCHILL CAPITAL CORP IX (Pre-Deal)
3.15% ~ $ 30.78 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
1.47% ~ $ 11.06 | HOND – HCM II ACQUISITION CORP (Announced)
.96% ~ $ 10.48 | FSHP – FLAG SHIP ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-6.78% ~ $ 12.52 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
-2.91% ~ $ 13.70 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
-2.64% ~ $ 13.29 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
-2.36% ~ $ 11.18 | YOTA – YOTTA ACQUISITION CORP (Announced)
-2.13% ~ $ 12.41 | CEPO – CANTOR EQUITY PARTNERS I INC (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
May 15 | RTAC – Renatus Tactical Acquisition Corp I
May 15 | TVAI – Thayer Ventures Acquisition Corp II
May 14 | CCCX – Churchill Capital Corp X
May 13 | PMTR – Perimeter Acquisition Corp. I
May 09 | $ 10.07 | EGHA – EGH Acquisition Corp.
May 07 | $ 10.02 | IPOD – Dune Acquisition Corp II
May 02 | $ 10.02 | CGCT – Cartesian Growth Corp III
May 02 | $ 11.36 | CEPT – Cantor Equity Partners II, Inc.
May 02 | $ 10.18 | GTEN – Gores Holdings X, Inc.
May 01 | $ 10.20 | RDAG – Republic Digital Acquisition Co
May 01 | $ 10.02 | COPL – Copley Acquisition Corp
Apr 29 | $ 10.04 | LCCC – Lakeshore Acquisition III Corp.
Apr 29 | $ 10.20 | TACO – Berto Acquisition Corp
Apr 28 | $ 10.48 | DAAQ – Digital Asset Acquisition Corp.
Apr 28 | $ 10.06 | RAAQ – Real Asset Acquisition Corp.
Apr 24 | $ 10.03 | CHAC – Crane Harbor Acquisition Corp.
Apr 24 | $ 10.14 | IPCX – Inflection Point Acquisition Corp. III
Apr 23 | $ 10.06 | NPAC – New Providence Acquisition Corp. III
Apr 22 | $ 10.03 | TVA – Texas Ventures Acquisition III Corp

Recent Analysis

Daily SPAC Update – May 30, 2025

3 SPAC Deals Go to Vote: WINV, DIST, BSII. Aetherium (GMFI) Vote Postponed to June. Digital Asset and Real Asset Set Warrant Separation Dates.

Daily SPAC Update – May 28, 2025

Two More SPAC IPOs. DT Cloud Acquistion Extension Fee Change Approved. Roth CH Acquisition + SharonAI Deal Deck. M3-Brigade V Gets New Sponsor.

Daily SPAC Update – May 27, 2025

Chenge Acquisition II Deal with Polibeli Group Approved but $88M Redeemed. Investcorp Europe + nexxbuild Deal Announced. ASPAC III Terminates with HDEducation and ReUps with Bioserica International.

Daily SPAC Update – May 23, 2025

Target Global Acquisition Deal Officially Terminated After Dispute. Bannix Deal with VisionWave Technologies Approved. Chenghe Acquisition II + Pollbeli Group Deal Vote. 

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