The Morning SPAC Update (Apr 1, 2025) 🔒

SPAC & De-SPAC Daily Trading (prev. session)

SPAC

De-SPAC

News and De-SPAC Updates

• Marketwise (MKTW) will implement a 1-for-20 reverse split ahead of trading on April 3. — PR

• Forge Global (FRGE) will implement a 1-for-15 reverse split ahead of trading on April 15. — PR

• Trump Media (DJT) added a secondary listing to NYSE Texas — the first new stock to list there, in addition to its primary Nasdaq listing. — PR

SPAC Updates

Merger Votes / Completions

• SK Growth Opportunities (SKGR) shareholders approved the merger with WeBull. Additionally, shareholders approved the SPAC deadline from March 31 to June 22. SKGR and WeBull also extended the outside date from March 31 to April 31. Pending redemption details from the merger and extension meeting. —SF

• SK Growth Opportunities (SKGR) & Webull entered into non-redemption agreements with unaffiliated third-party investors, in which investors agreed not to redeem their Class A shares. In return, (i) the sponsor will forfeit a specified number of its Class B shares at no cost, and (ii) the company will issue one additional Class A share for every four non-redeemed shares held by these investors. —SF 

Listings

New Issues: IPOs, New S-1s

IPOs

• UY Scuti Acquisition Corp. (UYSCU) priced its IPO. – PR

  $50M, 1 R (1/15 sh)

  Focus: Asia

  UW: Maxim Group

• Siddhi Acquisition Corp (SDHIU) priced its IPO. – PR

  $240M, 1 R (1/10 sh)

  Focus: High-Growth Consumer & Food Tech

  UW: Santander

Key Filings

Extensions:

• —

S-4 Filings*:

• WinVest (OTC: WINV) & Xtribe – F-4/A

• APx I (OTC: APXIF) & OmnigenicsAI – F-4/A

• WinVest (OTC: WINV) & Xtribe — EFFECT

• Chenghe II (CHEB) & Polibeli Group — EFFECT

Post-Merger S-1 Filings**:

• —

*The latest S-4 filings can be found in the Announced Mergers dataset.

**Includes PIPE resale registrations where applicable — the latest post-merger S-1 filings can be found in the De-SPAC Screener in the column group “De-SPAC Profile”.

Key Event Calendar:

See the full calendar: SPAC Calendar