Daily SPAC Update – October 2, 2025

by | Oct 2, 2025

Another Crypto/SPAC Deal as Mountain Lake + Avalanche Treasury Company Announce. Welsbach Technology Metals Extends. Highview and Starry Sea Start Separate Trading.

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Daily SPAC Update

SPAC VOTE RESULTS
WTMA – WELSBACH TECHNOLOGY METALS ACQUISITION CORP * Extend to Dec 30, 2025 * 350 redeemed * $3,983 removed * trust $11.38

SPAC DEALS ANNOUNCED
Oct 01 | MLAC – Mountain Lake Acquisition Corp + Avalanche Treasury Co

ABOUT Avalanche Treasury Co
Avalanche Treasury Co. (“AVAT”) is an ecosystem-aligned vehicle providing exposure to the Avalanche ecosystem through active treasury management, strategic investments, and an exclusive relationship with the Avalanche Foundation. AVAT bridges traditional finance and blockchain through a purpose-built operating system designed for institutional adoption.

CRYPTO PRIMER: What is the AVAX token?
AVAX is the native token of Avalanche, a next-generation blockchain built for speed, scale, and interoperability. Unlike many tokens that are used purely for speculation, AVAX is essential to the functioning of the network: it secures the system through staking, powers transactions, and serves as the entry point for developers and enterprises building on Avalanche. What makes AVAX stand out is its built-in scarcity. Every transaction fee is permanently burned, meaning the more the network is used, the fewer tokens remain in circulation. With a fixed long-term supply cap, this design gives AVAX characteristics more like a scarce asset than a typical digital utility token. Its applications are broad — from decentralized finance and NFTs to Web3 gaming and the tokenization of real-world assets. Increasingly, enterprises are exploring Avalanche to build custom blockchains for finance, insurance, and other industries.

SEPARATE WARRANTS/RIGHTS
Oct 02: HIGHVIEW MERGER CORP (HVMC)
Oct 02: STARRY SEA ACQUISITION CORP (SSEA)

OTHER SPAC NEWS
GLLI – GLOBALINK INVESTMENT INC * Merger Agreement Amendment

DeSPACs
Oct 01: IROH DeSPAC to Rosey Sea Holdings / Zhong Guo Liang Tou Group (UCFI)

NEW SPAC IPOs
Oct 01: KRSP – Rice Acquisition Corp 3 $300M IPO
Oct 01: YCY – AA Mission Acquisition Corp. II $100M IPO
Sep 30: BDCI – Btc Development Corp. $220M IPO
Sep 30: APAC – Stonebridge Acquisition II Corp $50M IPO
Sep 26: FCRS – Futurecrest Acquisition Corp. $250M IPO (+underwriter overallotment: $37.5M)
Sep 26: AEXA – American Exceptionalism Acquisition Corp. A $300M IPO
Sep 25: EMIS – Emmis Acquisition Corp. $100M IPO (+underwriter overallotment: $15M)
Sep 25: DMII – Drugs Made In America Acquisition II Corp. $500M IPO

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
4.47% ~ $ 23.38 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
3.57% ~ $ 11.90 | FORL – FOUR LEAF ACQUISITION CORP (Announced)
3.24% ~ $ 10.85 | CEPT – CANTOR EQUITY PARTNERS II INC (Pre-Deal)
1.75% ~ $ 10.45 | PCAP – PROCAP ACQUISITION CORP (Pre-Deal)
1.37% ~ $ 11.06 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-7.54% ~ $ 12.01 | ATMC – ALPHATIME ACQUISITION CORP (Announced)
-2.44% ~ $ 11.20 | BAYA – BAYVIEW ACQUISITION CORP (Announced)
-2.13% ~ $ 16.06 | HOND – HCM II ACQUISITION CORP (Announced)
-.96% ~ $ 10.35 | ONCH – 1RT ACQUISITION CORP (Pre-Deal)
-.88% ~ $ 11.22 | NETD – NABORS ENERGY TRANSITION CORP II (Announced)

LATEST SPAC IPO PERFORMANCE
Oct 01 | KRSP – Rice Acquisition Corp 3
Oct 01 | YCY – AA Mission Acquisition Corp. II
Sep 30 | BDCI – BTC Development Corp.
Sep 30 | APAC – StoneBridge Acquisition II Corp
Sep 26 | $ 10.53 | FCRS – FutureCrest Acquisition Corp.
Sep 26 | $ 10.92 | AEXA – American Exceptionalism Acquisition Corp. A
Sep 25 | $ 9.95 | DMII – Drugs Made In America Acquisition II Corp.
Sep 25 | $ 10.00 | EMIS – Emmis Acquisition Corp.
Sep 19 | $ 9.98 | LATA – Galata Acquisition Corp. II
Sep 16 | $ 9.97 | CHECU – Chenghe Acquisition III
Sep 12 | $ 10.05 | OTGA – OTG Acquisition Corp. I
Sep 10 | $ 10.24 | BLZR – Trailblazer Acquisition Corp.
Sep 09 | $ 10.06 | TLNC – Talon Capital Corp.
Sep 04 | $ 10.12 | GSRF – GSR IV Acquisition Corp.
Sep 04 | $ 10.31 | SVAC – Spring Valley Acquisition Corp. III

Recent Analysis

Daily SPAC Update – October 1, 2025

SPACs Kick-Off October with $400 Million in New Issuance as AA Mission Acquisition II and Rice Acquisition 3 IPO. Oak Woods Adjourns Vote. Spring Valley and Chain Bridge Set Votes.

Daily SPAC Update – September 30, 2025

Gigcapital7 Deal with Hadron Energy. Starry Sea Binding LOI. DMY Squared Goes OTC. GSR III Gets Bigger PIPE. Healthcare AI Postpones Vote and Asks for Longer.

Daily SPAC Update – September 29, 2025

DP Cap Acquisition Capital Expansion Approved. Extension Votes for Oak Woods, Trailblazer, and Welsbach Technology. Deal Votes Set for HCM II and Rising Dragon.

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