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- The Morning SPAC Update (Mar 19, 2025) 🔒
The Morning SPAC Update (Mar 19, 2025) 🔒
The pre-market SPAC recap for ListingTrack Pro users.
ListingTrack
March 19, 2025
SPAC & De-SPAC Daily Trading (prev. session)
SPAC Gainers & Losers
Ticker | DA Target | Price | Daily % Chg. |
|---|---|---|---|
Kyivstar | $12.09 | 5.13% | |
Shenzhen Qianzhi BioTech | $4.33 | 3.72% | |
$12.15 | 1.26% | ||
GrabAGun | $10.69 | 1.04% | |
GreenRock Corp | $12.01 | 0.76% | |
Infintium Fuel Cell Systems | $11.46 | -0.17% | |
$10.48 | -0.18% | ||
Gadfin | $11.42 | -0.35% | |
DePalma Companies | $10.95 | -0.77% | |
Xtribe | $12.30 | -1.60% |
SPAC Volume Leaders
De-SPAC Gainers & Losers
Ticker | IPO Return | Price | Daily % Chg. |
|---|---|---|---|
-45% | $5.49 | 309.70% | |
-99% | $1.62 | 39.66% | |
-82% | $1.79 | 34.59% | |
-92% | $0.83 | 18.07% | |
-71% | $2.95 | 17.06% | |
-96% | $9.33 | -27.28% | |
-91% | $0.91 | -28.73% | |
-82% | $1.78 | -30.74% | |
-57% | $4.26 | -35.16% | |
-99% | $0.35 | -69.03% |
De-SPACs listed from 2019-
De-SPAC Volume Leaders
News & De-SPAC Updates
Danimer Scientific (OTC: DNMRQ) filed for Chapter 11 bankruptcy.
BurgerFi's (BFICQ) shares were canceled worthless as its bankruptcy plan became effective.
The Deals
1) Cohen Circle Acquisition Corp. I (CCIR) & Ukrainian mobile communications platform, Kyivstar (VEON subsidiary) — PR / IP
Target Details:
HQ: Kiev, Ukraine
Description (from PR): Kyivstar is Ukraine’s largest communications operator, serving more than 23.0 million mobile subscribers and over 1.1 million home internet fixed line customers as of December 2024. The company provides services across a wide range of mobile and fixed line technologies, including 4G, Big Data, cloud solutions, cybersecurity, digital TV, and more. VEON, through Kyivstar, plans to invest USD 1 billion into the development of new telecom technologies in Ukraine over 2023-2027. Kyivstar has been operating in Ukraine for 27 years and is recognized as the largest taxpayer in the communications sector, a top-rated employer and a socially responsible company.
Valuation: $2.026 billion Pro-forma enterprise value
SPAC Updates
Extensions
NorthView (OTC: NVAC) adjourned the special meeting from March 18 to March 21 to allow time for redemption reversals. The sponsor revised its trust contribution to $30K for the full extension period. – SF
Other SPAC Updates
International Media (OTC: IMAQ) reported that it "became aware of a news report" claiming it had entered into a definitive agreement with a biofuel development company, but it denied the report. It is unclear which news report IMAQ is referring to. —SF
Key Filings
Extensions:
Bowen (BOWN) filed a PRE 14A in connection with its extension proposal. – PRE
S-4 Filings*:
Iron Horse (IROH) & Zhong Guo Liang Tou – S-4/A
*The latest S-4 filings can be found in the Announced Mergers dataset
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.