Nabors Energy Transition II (NETD) + e2 Companies Deal Terminated. Mountain Crest V Extension Vote Set. DT Cloud Star and Rising Dragon Votes Delayed/Adjourned.
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Daily SPAC Update
SPAC DEAL TERMINATIONS (Last 10 Days)
Nabors Energy Transition Corp. II (NETD) has called off its merger with e2Companies and reached a settlement instead. As part of the deal, e2 will repay NETD $29.23 million through two secured notes — one due in March 2026 and another in October 2028. Some payments are tied to e2’s future fundraising or ownership changes. If NETD completes a new merger before 2028, part of the debt will be cancelled, but e2 must still pay any interest owed. Additionally, if e2 becomes very valuable (worth over $500 million) within two years and lists publicly or changes control, NETD will receive an extra 6.5% payout based on that value. The related lawsuit between the two companies has been fully settled and dismissed.
SPAC DEAL & EXTENSION VOTES SET
MCAG – Mountain Crest Acquisition Corp V * EXTENSION VOTE SET: Nov 04, 2025 * trust $11.77
OTHER SPAC NEWS
GIG – GIGCAPITAL7 CORP * Investor Deck
CCCX – CHURCHILL CAPITAL CORP X * Media Transcript
DTSQ – DT CLOUD STAR ACQUISITION CORP * Vote Adjourned
RDAC – RISING DRAGON ACQUISITION CORP * Vote Delayed
SPAC DEALS ANNOUNCED
Oct 14 | MAYA – Maywood Acquisition Corp + GOWell Technology Limited
ABOUT GOWell Technology Limited
GOWell Technology Limited is an international company that provides a wide range of innovative well logging technologies and distributed sensing solutions for energy companies globally. The Company maintains a multi-disciplinary research and development team with a robust patent portfolio of technology aimed to solve complex industry challenges. GOWell’s solutions can be applied to a wide range of wells from traditional energy to energy transition. The Company has a global, diverse customer base with long-term relationships with the key major oil service companies and operators in the energy sector. Headquartered in Singapore, GOWell has a global manufacturing and procurement network, with regional hubs in the United States, UAE and China in addition to regional operations that cover more than 50 countries.
NEW SPAC IPOs
Oct 07: LKSP – Lake Superior Acquisition Corp $100M IPO (+underwriter overallotment: $15M)
Oct 06: GIW – Gigcapital8 Corp. $220M IPO (+underwriter overallotment: $33M)
SPAC Movers
YESTERDAY’S TOP SPAC GAINERS
10.49% ~ $ 11.59 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
8.49% ~ $ 27.10 | HOND – HCM II ACQUISITION CORP (Announced)
5.23% ~ $ 14.70 | WLAC – WILLOW LANE ACQUISITION CORP (Announced)
4.87% ~ $ 11.41 | BACQ – BLEICHROEDER ACQUISITION CORP I (Announced)
2.82% ~ $ 12.75 | OAKU – OAK WOODS ACQUISITION CORP (Announced)
YESTERDAY’S TOP SPAC LOSERS
-5.88% ~ $ 22.90 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-3.21% ~ $ 12.35 | CEPT – CANTOR EQUITY PARTNERS II INC (Pre-Deal)
-2.18% ~ $ 11.23 | BAYA – BAYVIEW ACQUISITION CORP (Announced)
-1.80% ~ $ 11.44 | TVA – TEXAS VENTURES ACQUISITION III CORP (Pre-Deal)
LATEST SPAC IPO PERFORMANCE
Oct 07 | $ 10.02 | LKSP – Lake Superior Acquisition Corp
Oct 06 | $ 10.16 | GIW – GigCapital8 Corp.
Oct 03 | $ 10.18 | RNGT – Range Capital Acquisition Corp II
Oct 03 | $ 10.11 | AIIA – AI Infrastructure Acquisition Corp.
Oct 01 | $ 9.99 | YCY – AA Mission Acquisition Corp. II
Oct 01 | $ 10.67 | KRSP – Rice Acquisition Corp 3
Sep 30 | $ 10.26 | BCSS – Bain Capital GSS Investment Corp.
Sep 30 | $ 10.29 | BDCI – BTC Development Corp.
Sep 30 | $ 9.99 | APAC – StoneBridge Acquisition II Corp
Sep 26 | $ 11.65 | AEXA – American Exceptionalism Acquisition Corp. A
Sep 26 | $ 10.59 | FCRS – FutureCrest Acquisition Corp.
Sep 25 | $ 10.07 | EMIS – Emmis Acquisition Corp.
Sep 25 | $ 9.98 | DMII – Drugs Made In America Acquisition II Corp.
Sep 19 | $ 10.02 | LATA – Galata Acquisition Corp. II
Sep 16 | $ 9.96 | CHECU – Chenghe Acquisition III