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- The Morning SPAC Update (Apr 11, 2025) 🔒
The Morning SPAC Update (Apr 11, 2025) 🔒
The pre-market SPAC recap for ListingTrack Pro users.
Listing Track
April 11, 2025
SPAC & De-SPAC Daily Trading (prev. session)
SPAC Gainers & Losers
Ticker | DA Target | Price | Daily % Chg. |
|---|---|---|---|
Docter Inc. | $15.20 | 8.42% | |
Webull | $12.02 | 5.07% | |
Global IBO Group | $11.13 | 2.77% | |
$11.92 | 0.76% | ||
$10.80 | 0.75% | ||
GrabAGun | $10.74 | -0.37% | |
$10.70 | -0.37% | ||
Tianjin Tire Global | $11.91 | -0.50% | |
$11.07 | -1.16% | ||
Shenzhen Qianzhi BioTech | $7.20 | -6.49% |
SPAC Volume Leaders
Ticker | DA Target | Volume |
|---|---|---|
1.91M | ||
Terrestrial Energy | 0.51M | |
0.46M | ||
Polibeli Group | 0.4M | |
0.37M | ||
0.26M |
De-SPAC Gainers & Losers
Ticker | IPO Return | Price | Daily % Chg. |
|---|---|---|---|
-99% | $1.07 | 72.58% | |
-97% | $0.34 | 25.32% | |
-79% | $2.06 | 24.84% | |
-99% | $0.04 | 18.16% | |
-62% | $3.82 | 17.18% | |
-55% | $4.50 | -15.89% | |
-57% | $4.30 | -16.18% | |
-88% | $1.20 | -24.05% | |
-99% | $0.77 | -25.12% | |
-92% | $0.81 | -29.68% |
De-SPACs listed from 2019-
De-SPAC Volume Leaders
News & De-SPAC Updates
TLGY (OTC: TLGYF) entered into a non-binding LOI with the Ethena Foundation to explore a potential business combination involving the acquisition of a validator business serving the Ethena crypto ecosystem, including the upcoming Converge network. The proposed transaction includes a right for TLGY to purchase up to $100M in ENA tokens at a discounted price, funded through a mix of TLGY trust account cash and PIPE equity from Ethena, with the ratio to be determined later. TLGY may also gain rights to participate in future discounted ENA token sales. The contemplated partnership would span five years, with TLGY’s sponsors potentially forfeiting most founder shares in favor of performance-based earnout shares to mitigate dilution. —SF
MoneyLion's (ML) acquisition by Gen Digital is expected to close on April 15.
SPAC Updates
Liquidations / Terminations
Chain Bridge I (OTC: CBRRF) and Phytanix Bio mutually agreed to terminate their business combination. —SF
Merger Votes / Completions
SK Growth Opportunities Corporation (SKGR) closed its merger with WeBull. The combined company will trade under the symbols BULL and BULLW for its common shares and warrants, respectively. —Nasdaq
Extensions
Denali Capital (DECA) adjourned its April 10 extension meeting to April 11 to give shareholders more time to review proposals. Proxies already submitted will remain valid. – PR
Listings
New Issues: IPOs, New S-1s
IPOs
Titan Acquisition Corp (TACHU) closed its $276 million IPO, including the full exercise of the $36 million greenshoe. — PR
Listing Warnings / Transfers:
Four Leaf (FORL) received a non-compliance warning from Nasdaq and will be delisted on Apr 17 unless it appeals by April 15. – SF
Key Filings
Extensions:
—
S-4 Filings*:
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”.
Thanks for reading,
The team at ListingTrack (listingtrack.io)
Abbreviations: BC: Business Combination, BCA: Business Combination Agreement, DA: Definitive Agreement, PR: Press Release, SF: Company SEC filing, IP: Investor Presentation
DISCLAIMER: The information provided in this newsletter is for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. ListingTrack, SPAC Track, and the parent, CommonFi, do not make any guarantees, representations, or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, or accuracy of any of the information or data provided in this newsletter or on the ListingTrack or SPAC Track websites.