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  • The Morning SPAC Update (Mar 18, 2025) 🔒

The Morning SPAC Update (Mar 18, 2025) 🔒

The pre-market SPAC recap for ListingTrack Pro users.

Author

ListingTrack
March 18, 2025

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

SPAC Gainers & Losers

Ticker

DA Target

Price

Daily % Chg.

BOWN

Shenzhen Qianzhi BioTech

$4.17

6.11%

WINV

Xtribe

$12.50

4.08%

ALCY

$11.22

1.45%

DMYY

$11.20

0.90%

GATE

DePalma Companies

$11.03

0.73%

AITR

$10.93

-0.27%

SPKL

$10.72

-0.28%

ISRL

Gadfin

$11.46

-0.35%

IROH

$10.50

-0.38%

FORL

Xiaoyu Dida Interconnect International

$11.26

-0.71%

SPAC Volume Leaders

Ticker

DA Target

Volume

AACT

0.71M

IROH

0.46M

SKGR

Webull

0.31M

SPHA

0.22M

DMYY

0.17M

AACBU

0.16M

De-SPAC Gainers & Losers

Ticker

IPO Return

Price

Daily % Chg.

ARQQ

-94%

$23.54

56.93%

SES

-93%

$0.66

49.57%

HYPR

-87%

$1.28

39.28%

LAZR

-96%

$6.42

27.13%

CURR

-74%

$2.57

26.60%

BROG

-89%

$1.10

-14.17%

BAER

-84%

$1.56

-15.22%

PNST

-99%

$0.07

-15.63%

CTOR

-94%

$0.59

-19.89%

COEP

-96%

$8.50

-23.15%

De-SPACs listed from 2019-

De-SPAC Volume Leaders

Ticker

Volume

QBTS

207.27M

SES

200.63M

RGTI

91.4M

LCID

66.25M

QSI

46.07M

SOFI

45.36M

News & De-SPAC Updates

  • Grab Holdings (GRAB) is now conducting due diligence as it moves forward with its potential acquisition of its Indonesian rival, GoTo Group. — Bloomberg

SPAC Updates

Merger Votes / Completions

  • Hennessy Capital Investment VI (HCVI) set the shareholder vote for its merger with Namib Minerals for April 7. – SF

Listings

New Issues: IPOs, New S-1s

IPOs

  • Quartzsea Acquisition Corporation (QSEAU) priced its IPO. - PR

    $72M, 1 R (1/5 sh)

    Focus: N/A

    UW: SPAC Advisory Partners

Key Filings

Extensions:

  • Metal Sky Star (MSSA) – DEF

S-4 Filings*:

  • Alpha Star ($ALSAF) & XDATA – F-4

  • Breeze Holdings ($BRZH) & YD Biopharma – F-4/A

  • Keen Vision ($KVAC) & Medera Inc. – F-4/A

  • Hennessy Capital Investment VI (HCVI) & Namib Minerals – F-4/A

*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

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.