Daily SPAC Update – May 27, 2025

by | 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.

Boardroom Alpha SPAC Resources
Full SPAC Listing
SPAC SEC Filings
Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

Daily SPAC Update

SPAC VOTE RESULTS
CHEB – CHENGHE ACQUISITION II CO * Deal Approved with Polibeli Group Ltd * 8,488,632 redeemed * $88,621,318 removed * trust $10.44

SPAC DEALS ANNOUNCED
May 27 | IVCBF – Investcorp Europe Acquisition Corp I + nexxbuild

ABOUT nexxbuild
Nexx HoldCo, LLC (“nexxbuild”) brings together the strengths of independent local distributors, forming a unified nationwide platform servicing the construction industry. Where personalized service and local expertise are vital, nexxbuild focuses on empowering these businesses, allowing them to thrive on their own terms while being supported by the comprehensive resources of a national network.

May 27 | ASPC – ASPAC III Acquisition Corp + Bioserica International Limited

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-05-21: ASPC + HDEducation Group Limited

SEPARATE WARRANTS/RIGHTS
Jun 02: COPLEY ACQUISITION CORP (COPL)
May 27: UY SCUTI ACQUISITION CORP (UYSC)

NEW SPAC IPOs
May 23: PELI – Pelican Acquisition Corp $75M IPO
May 23: CRA – Cal Redwood Acquisition Corp. $200M IPO
May 22: OYSE – Oyster Enterprises Ii Acquisition Corp $220M IPO
May 21: AACI – Armada Acquisition Corp. Ii $200M IPO
May 21: PCAP – Procap Acquisition Corp $220M IPO

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
16.00% ~ $ 49.95 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
12.57% ~ $ 12.09 | BOWN – BOWEN ACQUISITION CORP (Announced)
7.76% ~ $ 14.17 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
3.24% ~ $ 14.00 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
1.57% ~ $ 12.30 | CEPO – CANTOR EQUITY PARTNERS I INC (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-3.38% ~ $ 10.30 | CHEB – CHENGHE ACQUISITION II CO (Announced)
-1.34% ~ $ 11.75 | RENE – CARTESIAN GROWTH CORP II (Pre-Deal)
-.95% ~ $ 10.38 | SBXD – SILVERBOX CORP IV (Pre-Deal)
-.74% ~ $ 12.00 | IVCA – INVESTCORP AI ACQUISITION CORP (Announced)
-.61% ~ $ 11.36 | FORL – FOUR LEAF ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
May 23 | CRA – Cal Redwood Acquisition Corp.
May 23 | PELI – Pelican Acquisition Corp
May 22 | OYSE – Oyster Enterprises II Acquisition Corp
May 21 | $ 10.79 | PCAP – ProCap Acquisition Corp
May 21 | $ .00 | AACI – Armada Acquisition Corp. II
May 16 | $ 10.36 | WENN – WEN Acquisition Corp
May 16 | $ 10.14 | CCCM – Columbus Circle Capital Corp. I
May 15 | $ 11.45 | RTAC – Renatus Tactical Acquisition Corp I
May 15 | $ 10.06 | TVAI – Thayer Ventures Acquisition Corp II
May 14 | $ 10.38 | CCCX – Churchill Capital Corp X
May 13 | $ 10.14 | PMTR – Perimeter Acquisition Corp. I
May 09 | $ 10.09 | EGHA – EGH Acquisition Corp.
May 07 | $ 10.05 | IPOD – Dune Acquisition Corp II
May 02 | $ 10.02 | CGCT – Cartesian Growth Corp III
May 02 | $ 11.27 | CEPT – Cantor Equity Partners II, Inc.
May 02 | $ 10.19 | GTEN – Gores Holdings X, Inc.
May 01 | $ 10.24 | RDAG – Republic Digital Acquisition Co
May 01 | $ 10.04 | COPL – Copley Acquisition Corp
Apr 29 | $ 10.07 | LCCC – Lakeshore Acquisition III Corp.
Apr 29 | $ 10.21 | TACO – Berto Acquisition Corp
Apr 28 | $ 10.46 | DAAQ – Digital Asset Acquisition Corp.
Apr 28 | $ 10.08 | RAAQ – Real Asset Acquisition Corp.

 

Recent Analysis

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 23, 2025

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

Daily SPAC Update – May 21, 2025

Two More SPAC IPOs: Armada II $220M and ProCap Acquisition $200M. GlobalLink Investment Extension Vote Set. Welsbach / Evolution Metals Investor Deck. 

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.