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- The Morning SPAC Update (Apr 9, 2025) 🔒
The Morning SPAC Update (Apr 9, 2025) 🔒
The pre-market SPAC recap for ListingTrack Pro users.
Listing Track
April 09, 2025
SPAC & De-SPAC Daily Trading (prev. session)
SPAC Gainers & Losers
Ticker | DA Target | Price | Daily % Chg. |
|---|---|---|---|
Shenzhen Qianzhi BioTech | $7.85 | 2.61% | |
Webull | $11.20 | 0.81% | |
Cyabra | $11.32 | 0.49% | |
$10.10 | 0.40% | ||
$10.01 | 0.34% | ||
BridgeBio Oncology | $10.67 | -1.20% | |
$10.71 | -2.19% | ||
Global IBO Group | $10.70 | -4.38% | |
Namib Minerals | $10.00 | -7.41% | |
$11.50 | -9.95% |
SPAC Volume Leaders
Ticker | DA Target | Volume |
|---|---|---|
e2Companies | 1.06M | |
Terrestrial Energy | 0.51M | |
0.44M | ||
0.23M | ||
0.22M | ||
0.19M |
De-SPAC Gainers & Losers
Ticker | IPO Return | Price | Daily % Chg. |
|---|---|---|---|
-99% | $1.27 | 118.21% | |
-99% | $3.69 | 36.16% | |
-99% | $0.14 | 23.18% | |
-99% | $0.04 | 21.81% | |
-99% | $1.05 | 17.58% | |
-99% | $0.43 | -18.27% | |
-96% | $0.41 | -22.12% | |
-98% | $0.24 | -24.03% | |
-99% | $0.17 | -34.26% | |
-98% | $3.26 | -36.20% |
De-SPACs listed from 2019-
De-SPAC Volume Leaders
SPAC Updates
Merger Votes / Completions
Finnovate's (OTC: FNVTF) shareholders approved the merger with Scage. ~99% of the public SPAC shares were redeemed, leaving 8,749 public shares ($0.2M) prior to any potential reversals. Finnovate expects the merger to close before the end of April 2025. —SF
Deal Updates
The Parent company of Cohen Circle I’s (CCIR) target Kyivstar, VEON Ltd., completed a reorganization of VEON Holdings B.V. and finalized a consent solicitation process in preparation for its business combination with Cohen Circle I. The reorganization included a legal demerger in the Netherlands, isolating Kyivstar and related assets within VEON Holdings B.V., while other businesses were moved to new Dutch entities. The move is part of the plan to list Kyivstar Group Ltd. on Nasdaq under the ticker KYIV. —SF
Finnovate (OTC: FNVTF) and Scage extended the outside date from March 31, 2025, to July 31, 2025. —SF
Listings
New Issues: IPOs, New S-1s
IPOs
Titan Acquisition Corp (TACH-U) priced its IPO —PR
$240M, 1/2 Warrant
Focus: Financial technology
UW: Cantor
Listing Warnings / Transfers:
Denali Capital (DECA) reported it will be delisted from Nasdaq ahead of trading on April 11 and expects to trade OTC. – SF
Key Filings
Extensions:
AltEnergy (OTC: AEAE) – PRER
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.