Daily SPAC Update – May 5, 2025

by | May 5, 2025

May Starts Hot for SPAC IPOs. Hennessy Capital VI + Namib Minerals Deal Vote. Alpha Star + OU XData Group Approved. Investcorp AI to OTC.

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MERGER VOTES
HCVI – Hennessy Capital Investment Corp VI Namib Minerals
Namib Minerals is a gold producer, developer and explorer with operations focused in Zimbabwe. Namib is a significant player in Zimbabwe’s mining industry, driving sustainable growth and innovation across the sector. Currently Namib operates an underground mine in Zimbabwe, with additional exploration assets in Zimbabwe and the DRC. Namib operates using conventional mining as well as modern processes and is seeking alternative areas of growth.

SPAC VOTE RESULTS
ALSAF – ALPHA STAR ACQUISITION CORP * Deal Approved with OU XDATA GROUP

OTHER SPAC NEWS
NVAC – NORTHVIEW ACQUISITION CORP * Auditor Change
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Deal Vote Postponed
IVCA – INVESTCORP AI ACQUISITION CORP * OTC Listing
NRAC – NORTHERN REVIVAL ACQUISITION CORP * Vote Adjourned

NEW SPAC IPOs
May 02: CGCT – Cartesian Growth Corp Iii $240M IPO
May 02: CEPT – Cantor Equity Partners Ii, Inc. $240M IPO
May 02: GTEN – Gores Holdings X, Inc. $312M IPO
May 01: COPL – Copley Acquisition Corp $150M IPO
May 01: RDAG – Republic Digital Acquisition Co $264M IPO (+underwriter overallotment: $36M)
Apr 29: TACO – Berto Acquisition Corp $261M IPO (+underwriter overallotment: $39.15M)
Apr 29: LCCC – Lakeshore Acquisition Iii Corp. $60M IPO (+underwriter overallotment: $9M)

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
8.64% ~ $ 15.68 | BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD (Announced)
2.56% ~ $ 12.40 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
1.99% ~ $ 12.79 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
1.81% ~ $ 12.41 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
1.29% ~ $ 9.45 | BOWN – BOWEN ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-9.95% ~ $ 11.50 | MSSA – METAL SKY STAR ACQUISITION CORP (Pre-Deal)
-6.00% ~ $ 47.00 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-5.93% ~ $ 11.43 | DECA – DENALI CAPITAL ACQUISITION CORP (Announced)
-2.36% ~ $ 11.18 | YOTA – YOTTA ACQUISITION CORP (Announced)
-.48% ~ $ 10.34 | ALF – CENTURION ACQUISITION CORP (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
May 02 | GTEN – Gores Holdings X, Inc.
May 01 | RDAG – Republic Digital Acquisition Co
May 01 | COPL – Copley Acquisition Corp
Apr 29 | LCCC – Lakeshore Acquisition III Corp.
Apr 29 | TACO – Berto Acquisition Corp
Apr 28 | RAAQ – Real Asset Acquisition Corp.
Apr 28 | DAAQ – Digital Asset Acquisition Corp.
Apr 24 | $ 10.00 | CHAC – Crane Harbor Acquisition Corp.
Apr 24 | $ 10.11 | IPCX – Inflection Point Acquisition Corp. III
Apr 23 | $ 10.04 | NPAC – New Providence Acquisition Corp. III
Apr 22 | $ 10.01 | TVA – Texas Ventures Acquisition III Corp
Apr 10 | $ 10.02 | TACH – Titan Acquisition Corp.

Recent Analysis

Daily SPAC Update – May 7, 2025

Dune Acquisition II $125M SPAC IPO. Distoken and Winvest Deal Vote Delays. DT Cloud Sets Date to Vote on Extension Fee Changes. Healthcare AI Extension Approved w/ $3M Redeemed.

Daily SPAC Update – May 6, 2025

May Starts Hot for SPAC IPOs. Hennessy Capital VI + Namib Minerals Deal Vote. Alpha Star + OU XData Group Approved. Investcorp AI to OTC.

Daily SPAC Update – May 1, 2025

Two SPAC IPOs to Start May — Republic Digital Upsized to $264M and Copley at $150M. ClimateRock Extension Vote. Aimfinity Delisting. Distoken Deal Vote Postponed.

Daily SPAC Update – April 30, 2025

AltEnergy Extends to May 2026. ClimateRock, Healthcare AI, Clean Energy Special Situations Extension Votes. Distoken and Chenghe Postpone Deal Votes.

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