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- The Morning SPAC Update (Mar 28, 2025) 🔒
The Morning SPAC Update (Mar 28, 2025) 🔒
The pre-market SPAC recap for ListingTrack Pro users.
ListingTrack
March 28, 2025
SPAC & De-SPAC Daily Trading (prev. session)
SPAC Gainers & Losers
Ticker | DA Target | Price | Daily % Chg. |
|---|---|---|---|
DePalma Companies | $50.00 | 207.69% | |
Shenzhen Qianzhi BioTech | $7.32 | 8.44% | |
Webull | $12.68 | 7.64% | |
$11.71 | 3.81% | ||
Global IBO Group | $11.62 | 3.75% | |
Kyivstar | $12.46 | -0.80% | |
Terrestrial Energy | $10.70 | -0.93% | |
BRAC | World Media | $11.70 | -0.93% |
World Media | $10.12 | -1.27% | |
Youlife International | $11.11 | -4.63% |
SPAC Volume Leaders
Ticker | DA Target | Volume |
|---|---|---|
0.83M | ||
0.62M | ||
0.51M | ||
Terrestrial Energy | 0.51M | |
Polibeli Group | 0.44M | |
0.22M |
De-SPAC Gainers & Losers
Ticker | IPO Return | Price | Daily % Chg. |
|---|---|---|---|
-78% | $2.17 | 68.22% | |
-92% | $0.77 | 45.15% | |
-99% | $15.94 | 34.40% | |
-90% | $1.02 | 15.12% | |
-88% | $1.18 | 13.46% | |
-99% | $0.41 | -18.04% | |
-70% | $2.99 | -21.11% | |
-96% | $0.43 | -21.36% | |
-97% | $0.28 | -22.51% | |
-96% | $5.72 | -34.03% |
De-SPACs listed from 2019-
De-SPAC Volume Leaders
News & De-SPAC Updates
Hub Cyber Security Ltd. (HUBC) will effect a one-for-ten (1-10) reverse split effective on Monday, March 31, 2025. —Nasdaq
Alto Pharmacy, the SoftBank-backed digital pharmacy that was a rumored SPAC target several years ago, agreed to be acquired by Paulus Holdings in a deal that values the company between $1 billion and $1.5 billion. — Bloomberg
Trevor Milton, Founder and former CEO of Nikola, announced on X that he received a full pardon from President Trump after being charged with securities fraud. As of this writing, an official White House source has yet to confirm this. — X
SPAC Updates
Deal Updates
Inception Growth (OTC: IGTA) and its merger partner, AgileAlgo, extended the outside date from March 31, 2025 to May 31, 2025. —SF
Key Filings
Extensions:
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.