Daily SPAC Update – May 6, 2025

by | May 6, 2025

Hennesy Capital + Namid Delayed to Today. Clean Energy Special Situations Extension Approved. Aquaron and Finnovate Extension Votes.

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Daily SPAC Update

SPAC VOTE RESULTS
SWSS – CLEAN ENERGY SPECIAL SITUATIONS CORP * Extend to Jan 31, 2026

EXTENSION VOTES
AQU – AQUARON ACQUISITION CORP *  extend from May 6, 2025 to May 6, 2026
FNVTF – FINNOVATE ACQUISITION CORP * Extend to November 8, 2025

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.

OTHER SPAC NEWS
AQU – AQUARON ACQUISITION CORP * Redemption Update * 757,365 redeemed
HCVI – HENNESSY CAPITAL INVESTMENT CORP VI * Deal Vote Postponed
GLLI – GLOBALINK INVESTMENT INC * Delisting
AIMAU – AIMFINITY INVESTMENT CORP I * Delisting

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
4.23% ~ $ 9.85 | BOWN – BOWEN ACQUISITION CORP (Announced)
1.92% ~ $ 11.67 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Pre-Deal)
1.56% ~ $ 12.99 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
1.17% ~ $ 10.37 | VCIC – VINE HILL CAPITAL INVESTMENT CORP (Pre-Deal)
.65% ~ $ 10.81 | DYCQ – DT CLOUD ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-27.87% ~ $ 33.90 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-9.95% ~ $ 11.50 | MSSA – METAL SKY STAR ACQUISITION CORP (Pre-Deal)
-5.93% ~ $ 11.43 | DECA – DENALI CAPITAL ACQUISITION CORP (Announced)
-2.50% ~ $ 12.10 | ISRL – ISRAEL ACQUISITIONS CORP (Announced)
-2.36% ~ $ 11.18 | YOTA – YOTTA ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
May 02 | $ 11.00 | CEPT – Cantor Equity Partners II, Inc.
May 02 | $ 10.08 | GTEN – Gores Holdings X, Inc.
May 02 | $ 10.01 | CGCT – Cartesian Growth Corp III
May 01 | $ 10.15 | RDAG – Republic Digital Acquisition Co
May 01 | $ 10.00 | COPL – Copley Acquisition Corp
Apr 29 | $ 10.04 | LCCC – Lakeshore Acquisition III Corp.
Apr 29 | $ 10.18 | TACO – Berto Acquisition Corp
Apr 28 | $ 10.20 | DAAQ – Digital Asset Acquisition Corp.
Apr 28 | $ 10.05 | RAAQ – Real Asset Acquisition Corp.
Apr 24 | $ 10.01 | CHAC – Crane Harbor Acquisition Corp.
Apr 24 | $ 10.13 | IPCX – Inflection Point Acquisition Corp. III
Apr 23 | $ 10.07 | NPAC – New Providence Acquisition Corp. III
Apr 22 | $ 10.01 | TVA – Texas Ventures Acquisition III Corp
Apr 10 | $ 10.04 | TACH – Titan Acquisition Corp.

 

Recent Analysis

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

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