Daily SPAC Update – November 12, 2025

by | Nov 12, 2025

Legato Merger III + Einride AB $1.8B Deal Announced. Integrated Wellness and Columbus Circle Capital I Set Deal Votes for December.

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Daily SPAC Update

SPAC DEALS ANNOUNCED
Nov 12 | LEGT – Legato Merger Corp III + Einride AB

ABOUT Einride AB
Founded in 2016, Einride is a technology company that develops and operates digital, electric and autonomous freight solutions to accelerate the transition to future proofed transportation in a cost-efficient way. Its technology platform includes AI powered planning and optimization, autonomous technologies, one of the world’s largest electric heavy-duty fleets and charging infrastructure. Einride is serving customers across North America, Europe and the Middle East.

SPAC DEAL & EXTENSION VOTES SET
WELNF – Integrated Wellness Acquisition Corp * DEAL VOTE SET: Dec 08, 2025 * trust $12.78
BRR – Columbus Circle Capital Corp I * DEAL VOTE SET: Dec 03, 2025 * trust $10.08

SPAC LIQUIDATIONS
Rigel Resource Acquisition Corp. (RRAC)-> Liquidation on Nov 07

SEPARATE WARRANTS/RIGHTS
Nov 11: CHENGHE ACQUISITION III CO (CHECU)
Nov 10: GALATA ACQUISITION CORP II (LATA)

Evolution Global Acquisition Corp $210 IPO
The newly listed Evolution Global Acquisition Corp (NASDAQ: EVOXU) has priced an upsized IPO at $210 million, with its units scheduled to begin trading on November 11, 2025. The SPAC is targeting acquisition opportunities in the U.S. critical-minerals sector—areas deemed important for national security and supply-chain resilience.

The SPAC priced 21 million units at $10.00 per unit, generating gross proceeds of $210 million — an upsizing from the originally-planned 17.5 million units. Each unit comprises one Class A ordinary share and ½ a redeemable warrant; each full warrant entitles the holder to purchase one Class A share at an exercise price of $11.50. The units will begin trading on the Nasdaq Stock Market under the ticker “EVOXU” starting November 11, 2025, and once separated the shares and warrants are expected to trade under “EVOX” and “EVOXW”, respectively.

The underwriter, Cohen & Company Capital Markets, was granted a 45-day option to purchase up to an additional 3 million units to cover any over-allotment (i.e., a “greenshoe” style option). The SPAC is led by Chairman & CEO Stephen Marc Silver, and COO/Director Ashley Elizabeth Zumwalt‑Forbes. Board members include Matthew Ryan Langford and Erez Ichilov.The stated strategy: to pursue a business combination with one or more companies that own, operate, or are developing assets in the critical minerals sector, which the company says are “fundamental to the economic and national security interests of the United States.”

NEW SPAC IPOs
Nov 11: EVOX – Evolution Global Acquisition Corp $210M IPO
Nov 07: CRAC – Crown Reserve Acquisition Corp I $150M IPO
Nov 07: TDWD – Tailwind 2.0 Acquisition Corp. $150M IPO
Nov 04: WSTN – Westin Acquisition Corp $50M IPO (+underwriter overallotment: $7.5M)
Nov 04: CEPV – Cantor Equity Partners V, Inc. $220M IPO (+underwriter overallotment: $30M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
7.30% ~ $ 12.50 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Announced)
7.02% ~ $ 12.20 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
5.29% ~ $ 7.50 | ATMV – ALPHAVEST ACQUISITION CORP (Announced)
3.53% ~ $ 11.45 | QETA – QUETTA ACQUISITION CORP (Announced)
1.96% ~ $ 17.67 | CCCX – CHURCHILL CAPITAL CORP X (Announced)

YESTERDAY’S TOP SPAC LOSERS
-3.54% ~ $ 12.25 | SVII – SPRING VALLEY ACQUISITION CORP II (Announced)
-1.62% ~ $ 15.77 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-.97% ~ $ 10.20 | PCAP – PROCAP ACQUISITION CORP (Pre-Deal)
-.92% ~ $ 10.75 | DTSQ – DT CLOUD STAR ACQUISITION CORP (Pre-Deal)
-.85% ~ $ 10.45 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Nov 11 | EVOX – Evolution Global Acquisition Corp
Nov 07 | $ 10.04 | TDWD – Tailwind 2.0 Acquisition Corp.
Nov 07 | $ 10.10 | CRAC – Crown Reserve Acquisition Corp I
Nov 04 | $ 10.04 | WSTN – Westin Acquisition Corp
Nov 04 | $ 10.27 | CEPV – Cantor Equity Partners V, Inc.
Oct 31 | $ 10.08 | VACI – Viking Acquisition Corp I
Oct 30 | $ 10.16 | DNMX – Dynamix Corp III
Oct 29 | $ 10.13 | DYOR – Insight Digital Partners II
Oct 28 | $ 10.11 | APXT – Apex Treasury Corp
Oct 24 | $ 10.05 | LAFA – LaFayette Acquisition Corp.
Oct 23 | $ 10.01 | HAVA – Harvard Ave Acquisition Corp
Oct 23 | $ 10.04 | MMTX – Miluna Acquisition Corp
Oct 22 | $ 10.03 | ALIS – Calisa Acquisition Corp

Recent Analysis

Daily SPAC Update – November 7, 2025

Crown Reserve and Tailwind 2 Launch IPOs Making it 116 for 2025. IX Cactus, Integral, and Yotta Shareholders Approve Extensions. Cantor and Cartica Set Deal Votes.

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