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- The Morning SPAC Update (Apr 2, 2025) ๐
The Morning SPAC Update (Apr 2, 2025) ๐
The pre-market SPAC recap for ListingTrack Pro users.

SPAC & De-SPAC Daily Trading (prev. session)
SPAC Gainers & Losers
Ticker | DA Target | Price | Daily % Chg. |
---|---|---|---|
DePalma Companies | $36.05 | 83.83% | |
Docter Inc. | $15.93 | 18.31% | |
GrabAGun | $10.90 | 2.35% | |
$11.30 | 1.25% | ||
Semnur Pharmaceuticals | $12.24 | 0.91% | |
Webull | $11.80 | -3.32% | |
Shenzhen Qianzhi BioTech | $7.55 | -3.82% | |
BridgeBio Oncology | $10.86 | -3.89% | |
Namib Minerals | $10.85 | -3.90% | |
Youlife International | $11.11 | -4.63% |
SPAC Volume Leaders
Ticker | DA Target | Volume |
---|---|---|
GrabAGun | 1.05M | |
0.6M | ||
Terrestrial Energy | 0.51M | |
0.22M | ||
DePalma Companies | 0.16M | |
Polibeli Group | 0.12M |
De-SPAC Gainers & Losers
Ticker | IPO Return | Price | Daily % Chg. |
---|---|---|---|
-98% | $4.72 | 110.71% | |
-80% | $1.97 | 64.17% | |
-85% | $1.55 | 32.48% | |
-91% | $0.88 | 26.91% | |
-97% | $0.31 | 26.31% | |
-68% | $3.24 | -24.30% | |
-99% | $1.10 | -27.15% | |
-99% | $0.05 | -29.62% | |
-94% | $0.62 | -34.91% | |
-88% | $1.17 | -57.61% |
De-SPACs listed from 2019-
De-SPAC Volume Leaders
News & De-SPAC Updates
MDA Space Ltd. (TSX: MDA) has agreed to acquire all outstanding shares of SatixFy Communications Ltd. (NYSE American: SATX) in an all-cash transaction valued at US$2.10 per share, representing an equity value of approximately US$193 million and a 75% premium to SatixFy's March 31, 2025 closing price. MDA will also retire SatixFy's US$76 million of debt at closing, bringing total transaction value to US$269 million (C$387 million). The acquisition enhances MDAโs satellite systems offering amid growing demand for digital satellite communications. The deal is expected to close in Q3 2025. โ PR
Vacasa (VCSA) Davidson Kempner has submitted a fourth revised non-binding acquisition proposal to Vacasaโs Special Committee, increasing the offer price to $5.83 per share in cash. This follows a series of improvements since the initial February 3, 2025 offer, including removal of purchase price adjustment provisions, increased interim funding to $20 million, a higher reverse termination fee of $10 million (with a $2 million delay penalty cap), and the elimination of several closing conditions. The latest proposal continues DK's bid to acquire all outstanding Vacasa shares not already owned by it, in competition with an existing agreement with Casago. โSF
NewGenIvf has terminated its binding term sheet with European Wellness Investment Holdings Limited (EWIHL) for a proposed reverse merger after EWIHL failed to deliver audited financials for 2023 and 2024 by the March 31, 2025 deadline. โPR
Listings
New Issues: IPOs, New S-1s
IPOs
Sizzle Acquisition Corp. II (SZZLU) priced its IPO. โ PR
$200M, 1 R (1/10 sh)
Focus: Consumer & Lifestyle, Food & Agriculture Technology, Real Assets & Infrastructure, Technology & Innovation
UW: Cantor
Soulpower Acquisition Corporation (SOULU) priced its IPO. โ PR
$220M, 1 R (1/10 sh)
Focus: Insurance services, retirement savings, and other related financial services.
UW: Cantor.
Key Filings
Extensions:
โ
S-4 Filings*:
โ
Post-Merger S-1 Filings**:
โ
*The latest S-4 filings can be found in the Announced Mergers dataset.
**Includes PIPE resale registrations where applicable โ the latest post-merger S-1 filings can be found in the De-SPAC Screener in the column group โDe-SPAC Profileโ.
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
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