SPAC Daily: Return of Merger Monday

by | Jul 25, 2022

For the first time in recent memory, we had a fairly active SPAC merger Monday with 3 (yes!) 3 new DAs:

  • Frazier Life Sciences Acquisition Corp. (FLAC) and NewAmsterdam Pharma, $326M
  • DUET Acquisition Corp. (DUET) and AnyTech 365, $287M
  • DHC Acquisition Corp. (DHCA) and GloriFi, $1.7B

However, that brings us to GloriFi. Not taking a view on the deal yet (tough to with little information released), though a $1.7B valuation is a bit of head scratcher for a company that feels as if is in a very WIP mode. To boot, this was at the bottom of their Press Release: “Given the Summer Holiday Season, GloriFi intends to Post its Full Investor Presentation After Labor Day”

From GloriFi’s website, looks like most products have yet to launch

That’s definitely a first and doesn’t exactly scream, hey we’re working hard for you. If you can’t even bother to work on a presentation until after Labor Day, what is the point of rushing to announce in July? Watch out high redemptions!

Elsewhere in SPACs

  • Better World Acquisition Corp. (BWAC) set a date for another extension. vote 8/15, out till feb. 44% redeemed in last vote.
  • Abri SPAC (ASPA) and blockchain co Apifiny terminated their previously announced deal. ASPA will look for another target.

Upcoming SPAC Calendar

Full calendar and SPAC database access here

Today’s Price Action

Biggest Gainers

4.16% ~ $ 9.27 | WALD – Waldencast Acquisition Corp. (Announced)
2.49% ~ $ 10.29 | TRON – Corner Growth Acquisition Corp. 2 (Pre-Deal)
.81% ~ $ 9.95 | BCAC – Brookline Capital Acquisition Corp. (Pre-Deal)
.80% ~ $ 10.10 | VMCA – Valuence Merger Corp. I (Pre-Deal)
.71% ~ $ 9.88 | CLAA – Colonnade Acquisition Corp. II (Pre-Deal)
.62% ~ $ 9.73 | HWEL – Healthwell Acquisition Corp. I (Pre-Deal)
.61% ~ $ 9.91 | VBOC – Viscogliosi Brothers Acquisition Corp (Pre-Deal)
.52% ~ $ 9.75 | ALCC – AltC Acquisition Corp. (Pre-Deal)
.52% ~ $ 9.75 | IPAX – Inflection Point Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.83 | GAQ – Generation Asia I Acquisition Ltd (Pre-Deal)
.51% ~ $ 9.90 | IVCP – Swiftmerge Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.94 | FCAX – Fortress Capital Acquisition Corp (Pre-Deal)
.50% ~ $ 10.14 | TOAC – Talon 1 Acquisition Corp (Pre-Deal)
.45% ~ $ 9.99 | DCRD – Decarbonization Plus Acquisition Corp IV (Pre-Deal)
.41% ~ $ 9.70 | JAQC – Jupiter Acquisition Corporation (Pre-Deal)
.41% ~ $ 9.74 | DALS – DA32 Life Science Tech Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.76 | FICV – Frontier Investment Corp (Pre-Deal)
.41% ~ $ 9.76 | DUNE – Dune Acquisition Corporation (Announced)
.41% ~ $ 9.76 | CLBR – Colombier Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.89 | ITQ – Itiquira Acquisition Corp. (Pre-Deal)

Biggest Losers

-5.61% ~ $ 9.42 | CHWA – CHW Acquisition Corp (Announced)
-1.87% ~ $ 31.00 | DWAC – Digital World Acquisition Corp. (Announced)
-1.25% ~ $ 9.48 | NLIT – Northern Lights Acquisition Corp. (Announced)
-1.00% ~ $ 9.91 | GLTA – Galata Acquisition Corp (Pre-Deal)
-.60% ~ $ 9.87 | LCW – Learn CW Investment Corp (Pre-Deal)
-.50% ~ $ 10.00 | PWUP – PowerUp Acquisition Corp. (Pre-Deal)
-.49% ~ $ 10.17 | ACEV – ACE Convergence Acquisition Corp (Announced)
-.44% ~ $ 10.07 | CLAY – Chavant Capital Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.92 | STET – ST Energy Transition I Ltd. (Pre-Deal)
-.40% ~ $ 10.02 | CFVI – CF Acquisition Corp. VI (Announced)
-.31% ~ $ 9.67 | CDAQ – Compass Digital Acquisition Corp. (Pre-Deal)
-.31% ~ $ 9.70 | BWC – Blue Whale Acquisition Corp I (Pre-Deal)
-.30% ~ $ 9.81 | RACB – Research Alliance Corp. II (Pre-Deal)
-.30% ~ $ 9.82 | LVRA – Levere Holdings Corp (Pre-Deal)
-.30% ~ $ 9.84 | TRIS – Tristar Acquisition I Corp. (Pre-Deal)
-.30% ~ $ 9.93 | GDST – Goldenstone Acquisition Ltd. (Announced)
-.30% ~ $ 9.94 | FATP – FAT PROJECTS ACQUISITION CORP (Pre-Deal)
-.30% ~ $ 9.96 | ALSA – Alpha Star Acquisition Corp (Pre-Deal)
-.30% ~ $ 10.01 | LVAC – LAVA Medtech Acquisition Corp. (Pre-Deal)
-.30% ~ $ 10.04 | LFAC – LF Capital Acquisition Corp. II (Pre-Deal)

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

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