Daily SPAC Update – November 20, 2025

Rising Dragon + HZJL SPAC Deal Vote. Blockfusion and MacMines Deals Announced. Healthcare AI Updates Redemptions.

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MERGER VOTES
RDAC – Rising Dragon Acquisition Corp + HZJL Cayman Limited
HZJL is a comprehensive solution provider empowering local businesses with innovative branding, software, and supply chain services. The company is dedicated to fuel the scalable growth of business owners by combining technology, customer service, and operational excellence to unlock new levels of success. The company’s innovative solutions can help small and medium-sized enterprises better leverage social platforms to build their own stories in the rapidly changing Internet era, use online applications to improve efficiency and engage new customers, and use optimized supply chain services to produce better products and services, helping these companies grow bigger and faster.

SPAC DEALS ANNOUNCED
Nov 19 | BACC – Blue Acquisition Corp + Blockfusion USA, Inc.

ABOUT Blockfusion USA, Inc.
Blockfusion is a U.S.-based data center company that designs, builds and operates advanced infrastructure for AI, enterprise and colocation clients. With more than 50 MW of rack space and clean energy sourcing Blockfusion is transitioning to a HPC/AI data center provider enabling high-performance, secure and scalable workloads for the next generation of computing.

Nov 19 | PGAC – Pantages Capital Acqusition Corp + MacMines Austasia Pty Ltd

ABOUT MacMines Austasia Pty Ltd
MacMines is a geological exploration and mining company. Prior to the closing, MacMines will transfer to Target Mining Lease Application 700074, which, subject to governmental authority consent, including environmental review, may result in the granting of a mining lease in the designated area.

OTHER SPAC NEWS
HAIA – HEALTHCARE AI ACQUISITION CORP * Redemption Update * 23,033 redeemed * trust $12.69
BACC – BLUE ACQUISITION CORP * Investor Deck
BACC – BLUE ACQUISITION CORP * Merger Agreement

SPAC LIQUIDATIONS
Nabors Energy Transition Corp. II (NETD)-> Liquidation on Nov 25

SEPARATE WARRANTS/RIGHTS
Nov 24: RANGE CAPITAL ACQUISITION CORP II (RNGT)
Nov 21: RICE ACQUISITION CORP 3 (KRSP)
Nov 21: STONEBRIDGE ACQUISITION II CORP (APAC)
Nov 20: VICTORY ACQUISITION CORP. (VACI)
Nov 20: VIKING ACQUISITION CORP I (VACI)
Nov 19: CALISA ACQUISITION CORP (ALIS)
Nov 19: DYNAMIX CORP III (DNMX)
Nov 18: INSIGHT DIGITAL PARTNERS II (DYOR)
Nov 17: FUTURECREST ACQUISITION CORP (FCRS)
Nov 17: APEX TREASURY CORP (APXT)

SPAC DEAL TERMINATIONS (Last 10 Days)
2025-11-17: CDAQ + EEW Renewables Ltd

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
6.78% ~ $ 13.70 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
1.93% ~ $ 11.11 | ASPC – ASPAC III ACQUISITION CORP (Announced)
1.68% ~ $ 10.30 | BACC – BLUE ACQUISITION CORP (Announced)
1.18% ~ $ 11.18 | DYCQ – DT CLOUD ACQUISITION CORP (Announced)
.94% ~ $ 10.74 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-7.23% ~ $ 13.35 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-3.54% ~ $ 12.25 | SVII – SPRING VALLEY ACQUISITION CORP II (Announced)
-3.21% ~ $ 12.05 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
-2.39% ~ $ 11.45 | CHAC – CRANE HARBOR ACQUISITION CORP (Announced)
-1.49% ~ $ 9.95 | LATA – GALATA ACQUISITION CORP II (Pre-Deal)

Recent Analysis

2026 Proxy Season Scorecard: Six Say-on-Pay Failures, AI Lands on Mega-Cap Ballots, and the Anti-ESG Pile-Up

Through May 21, 2026, U.S. public-company shareholders rejected six annual-meeting Say-on-Pay packages outright, voted against 18 directors at 14 companies, and crushed dozens of mega-cap shareholder proposals at sub-3% support. Plus: AI proposals filed at Alphabet, Meta, Walmart, and IBM; the split verdict on special-meeting rights; the activist-vote scorecard from four 2026 director-slate contests.

Weekly Recap: MO, OHI, WEN Rewire the C-Suite — May 22, 2026

Succession moved from emergency cleanup to portfolio rotation this week, with 24 CEO changes and 21 CFO changes across the tracked C-suite. Altria paired a CEO handoff with a CFO change, Omega Healthcare reset three senior finance and operating seats, and Wendy’s went back to the CEO market for the third time in three years.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

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