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

SPAC Gainers & Losers

Ticker

DA Target

Price

Daily % Chg.

Namib Minerals

$11.67

7.06%

Polibeli Group

$10.35

0.68%

$10.04

0.50%

$10.06

0.30%

$10.06

0.30%

GrabAGun

$10.73

-1.83%

Webull

$11.42

-2.73%

Shenzhen Qianzhi BioTech

$6.73

-7.81%

Docter Inc.

$14.02

-11.99%

Global IBO Group

$11.58

-17.00%

SPAC Volume Leaders

Ticker

DA Target

Volume

Polibeli Group

1.43M

Terrestrial Energy

0.51M

GrabAGun

0.41M

0.22M

0.07M

Oabay

0.05M

De-SPAC Gainers & Losers

Ticker

IPO Return

Price

Daily % Chg.

-98%

$4.23

104.35%

-75%

$2.47

68.03%

-99%

$0.28

57.30%

-98%

$2.82

34.29%

-91%

$0.88

17.12%

-98%

$0.19

-18.26%

-99%

$2.46

-21.66%

-81%

$1.90

-23.39%

-99%

$3.71

-24.90%

-60%

$3.97

-29.36%

De-SPACs listed from 2019-

De-SPAC Volume Leaders

Ticker

Volume

212.02M

175.95M

112.01M

72.7M

46.21M

44.74M

News & De-SPAC Updates

  • LanzaTech (LNZA) received a non-binding proposal from Carbon Direct Capital Management to acquire the company for $0.02 per share. The Board of Directors will evaluate the offer as part of its broader review of strategic options to maximize stakeholder value, with no immediate action required from shareholders. β€” PR

The Deals

1) YHN I (YHNA) entered into a definitive agreement to merge with Mingde Technology (LOI was reported on 1/15/25) in a deal that values Mingde at $396M pre-money equity. β€”SF

SPAC Updates

Merger Votes / Completions

  • Chenghe II (CHEB) & Polibeli Group set the merger vote for May 1st. – SF

  • Hennessy Capital Investment VI (OTC: HCVI) indefinitely postponed the merger vote previously scheduled for April 7 and will announce the new date when it has been determined. β€” SF

Deal Updates

  • Bukit Jalil Global 1 (BUJA) shareholders approved the merger with Global IBO Group. ~97% of the public SPAC shares were redeemed, leaving 97,092 public shares ($1.1M) prior to any potential reversals. β€”SF

Extensions

  • DT Cloud (DYCQ) filed an amendment to its proxy, revising the β€œRisk Factors” section ahead of its April 18 extension vote. – DEFR

Other SPAC Updates

  • Hennessy Capital Investment VI (OTC: HCVI) was delisted by Nasdaq and is set to begin trading OTC. β€” SF

Listings

New Issues: IPOs, New S-1s

IPOs

  • Soulpower (SOULU) closed its $250M IPO, including the $30M partial exercise of the greenshoe. β€”SF

Filings

  • Vickers Vantage II (VCKB) filed for IPO. – S-1

    $180M, 1 R (1/10 sh)

    Focus: Early-stage Deep-Tech (Biotech, Energy, Cleantech, and Fintech)

    UW: Cohen & Company

Listing Warnings / Transfers:

  • Hennessy Capital Investment VI (HCVI) received a non-compliance warning from Nasdaq and will be delisted on April 4, with plans to trade OTC. – SF

  • Metal Sky Star (MSSA) reported it will be delisted by Nasdaq ahead of trading on April 9. MSSA is working on an OTC listing. β€”SF

Key Filings

Extensions:

  • DT Cloud (DYCQ) – DEF

  • Ares II (AACT) β€” DEF

S-4 Filings*:

  • Healthcare AI (OTC: HAIAF) & Leading Group – F-4/A

  • NorthView (OTC: NVAC) & Profusa – S-4/A

Post-Merger S-1 Filings**:

  • GCL Global Holdings Ltd (GCL) – F-1

  • Binah Capital Group (BCG) – S-1/A

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

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

Key Event Calendar:

See the full calendar: SPAC Calendar

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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