Daily SPAC Update – October 21, 2025

by | Oct 21, 2025

Armada II + Evernorth (a Ripple Crypto Firm) Deal. Spring Valley II Extends. Cartesian II Sets Extension Vote. Investor Decks for Roth CH, Armada, and Pelican.

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Daily SPAC Update

SPAC VOTE RESULTS
SVII – SPRING VALLEY ACQUISITION CORP II * Extend to Jul 17, 2026 * 151 redeemed * $1,801 removed * trust $11.93

SPAC DEAL & EXTENSION VOTES SET
RENEF – Cartesian Growth Corp II * EXTENSION VOTE SET: Nov 03, 2025 * trust $12.24

SPAC DEALS ANNOUNCED
Oct 20 | AACI – Armada Acquisition Corp Ii + Evernorth Holdings Inc.

ABOUT Evernorth Holdings Inc.
At closing, Evernorth will be a publicly traded digital asset treasury that provides investors with exposure to XRP through a regulated, liquid, and transparent structure. Unlike ETFs, Evernorth intends to actively grow its XRP per share through a mix of institutional and DeFi yield strategies, ecosystem participation, and capital markets activities.

OTHER SPAC NEWS
USCTF – ROTH CH ACQUISITION CO * Investor Deck
AACI – ARMADA ACQUISITION CORP II * Investor Deck
PELI – PELICAN ACQUISITION CORP * Investor Deck
AACI – ARMADA ACQUISITION CORP II * Merger Agreement
VACH – VOYAGER ACQUISITION CORP * Merger Agreement Amendment
USCTF – ROTH CH ACQUISITION CO * Merger Agreement Amendment
DTSQ – DT CLOUD STAR ACQUISITION CORP * Vote Adjourned

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
4.72% ~ $ 11.99 | VCIC – VINE HILL CAPITAL INVESTMENT CORP (Announced)
2.83% ~ $ 11.62 | AEXA – AMERICAN EXCEPTIONALISM ACQUISITION CORP A (Pre-Deal)
2.23% ~ $ 10.53 | PMTR – PERIMETER ACQUISITION CORP I (Pre-Deal)
1.90% ~ $ 21.50 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
1.15% ~ $ 10.56 | CEPF – CANTOR EQUITY PARTNERS IV INC (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-16.88% ~ $ 8.32 | ATMV – ALPHAVEST ACQUISITION CORP (Announced)
-12.46% ~ $ 22.69 | HOND – HCM II ACQUISITION CORP (Announced)
-8.30% ~ $ 12.70 | SVII – SPRING VALLEY ACQUISITION CORP II (Announced)
-4.35% ~ $ 12.52 | WLAC – WILLOW LANE ACQUISITION CORP (Announced)
-4.14% ~ $ 10.88 | GIG – GIGCAPITAL7 CORP (Announced)

LATEST SPAC IPO PERFORMANCE
Oct 07 | $ 10.02 | LKSP – Lake Superior Acquisition Corp
Oct 06 | $ 10.26 | GIW – GigCapital8 Corp.
Oct 03 | $ 10.10 | AIIA – AI Infrastructure Acquisition Corp.
Oct 03 | $ 10.18 | RNGT – Range Capital Acquisition Corp II
Oct 01 | $ 9.99 | YCY – AA Mission Acquisition Corp. II
Oct 01 | $ 10.67 | KRSP – Rice Acquisition Corp 3
Sep 30 | $ 10.01 | APAC – StoneBridge Acquisition II Corp
Sep 30 | $ 10.26 | BCSS – Bain Capital GSS Investment Corp.
Sep 30 | $ 10.31 | BDCI – BTC Development Corp.
Sep 26 | $ 11.62 | AEXA – American Exceptionalism Acquisition Corp. A
Sep 26 | $ 10.65 | FCRS – FutureCrest Acquisition Corp.
Sep 25 | $ 9.99 | DMII – Drugs Made In America Acquisition II Corp.
Sep 25 | $ 10.03 | EMIS – Emmis Acquisition Corp.

Recent Analysis

Executive Moves Update – October 17, 2025

This week’s transitions include CEO changes at Verizon, LendingTree, and Kemper, plus CFO shifts at Becton Dickinson, Ameren, Ardelyx, and Starboard placing Peter Feld at Bill.

Daily SPAC Update – October 16, 2025

Nabors Energy Transition II (NETD) + e2 Companies Deal Terminated. Mountain Crest V Extension Vote Set. DT Cloud Star and Rising Dragon Votes Delayed/Adjourned.

Daily SPAC Update – October 15, 2025

Maywood + GOWell Technology Deal. DT Cloud and Spring Valley Extension Votes. Healthcare AI and Inception Growth Extensions Approved. 5 More Extension Votes Set.

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