Daily SPAC Update – September 23, 2025

by | Sep 23, 2025

Ares II + Kodiak Robotics Deal Vote Today w $502 Million Redeemed. DT Cloud Star Sets Extension Vote. TLGY Talks Deal in Interview.

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Daily SPAC Update

MERGER VOTES
AACT – Ares Acquisition Corp II + Kodiak Robotics, Inc.

Kodiak Robotics, Inc. was founded in 2018 and has become a leader in autonomous ground transportation committed to a safer and more efficient future for all. The company has developed an artificial intelligence (AI) powered technology stack purpose-built for commercial trucking and the public sector. The company delivers freight daily for its customers across the southern United States using its autonomous technology. In 2024, Kodiak became the first known company to publicly announce delivering a driverless semi-truck to a customer. Kodiak is also leveraging its commercial self-driving software to develop, test and deploy autonomous capabilities for the U.S. Department of Defense.

SPAC DEAL & EXTENSION VOTES SET
DTSQ – Dt Cloud Star Acquisition Corp * EXTENSION VOTE SET: Oct 07, 2025 * trust $10.50

SPAC LIQUIDATIONS
Patria Acquisition Corp. (PLAO)-> Liquidation on Sep 26

SEPARATE WARRANTS/RIGHTS
Sep 22: HCM III ACQUISITION CORP (HCMA)

OTHER SPAC NEWS
AACT – ARES ACQUISITION CORP II * Redemption Update * 43,866,808 redeemed * trust $11.45
AACT – ARES ACQUISITION CORP II * PIPE Update
TLGYF – TLGY ACQUISITION CORP * Transcript

NEW SPAC IPOs
Sep 19: LATA – Galata Acquisition Corp. Ii $150M IPO
Sep 16: CHECU – Chenghe Acquisition Iii $110M IPO (+underwriter overallotment: $16.5M)

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
3.26% ~ $ 13.94 | HOND – HCM II ACQUISITION CORP (Announced)
3.01% ~ $ 11.99 | WLAC – WILLOW LANE ACQUISITION CORP (Announced)
2.89% ~ $ 11.40 | AACT – ARES ACQUISITION CORP II (Announced)
2.20% ~ $ 11.60 | SPKL – SPARK I ACQUISITION CORP (Pre-Deal)
1.15% ~ $ 12.31 | CCCX – CHURCHILL CAPITAL CORP X (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.51% ~ $ 20.31 | ATMV – ALPHAVEST ACQUISITION CORP (Announced)
-4.57% ~ $ 21.32 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
-3.77% ~ $ 13.27 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Announced)
-3.51% ~ $ 11.49 | FORL – FOUR LEAF ACQUISITION CORP (Announced)
-2.55% ~ $ 11.45 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Announced)

NEW SPAC IPOs
Sep 19: LATA – Galata Acquisition Corp. Ii $150M IPO
Sep 16: CHECU – Chenghe Acquisition Iii $110M IPO (+underwriter overallotment: $16.5M)

Recent Analysis

Daily SPAC Update – September 25, 2025

Emmis Acquisition and Drugs Made in America II SPAC IPOs Make it Almost 100 for 2025. Kodiak Robotics / Ares DeSPACs. Yorkville Takes Over Sponsorship of Texas Ventures III.

Executive Moves Update – September 19, 2025

Struggling Crown Castle names Christian Hillabrant CEO, Dexcom appoints interim leaders, Canopy Growth installs CFO amid losses, Bank of America strengthens leadership team. See this week’s key executive moves.

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