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- The Morning SPAC Update (May 8, 2025) 🔒
The Morning SPAC Update (May 8, 2025) 🔒
The pre-market SPAC recap for ListingTrack Pro users.
Listing Track
May 08, 2025
Good morning,
You can read this newsletter on your browser in our content library here.
Thanks,
ListingTrack Team
SPAC & De-SPAC Daily Trading (prev. session)
SPAC Gainers & Losers
Ticker | DA Target | Price | Daily % Chg. |
|---|---|---|---|
Twenty One Capital | $31.91 | 8.91% | |
Shenzhen Qianzhi BioTech | $11.59 | 4.60% | |
GrabAGun | $12.62 | 2.85% | |
$11.12 | 0.82% | ||
HCYC Group Company | $11.70 | 0.69% | |
Oabay | $10.95 | -0.18% | |
$10.13 | -0.20% | ||
Namib Minerals | $11.05 | -0.45% | |
$10.30 | -0.48% | ||
Global IBO Group | $10.69 | -28.49% |
SPAC Volume Leaders
Ticker | DA Target | Volume |
|---|---|---|
Twenty One Capital | 3.67M | |
GrabAGun | 1.02M | |
World Media and Entertainment Universal | 0.52M | |
Terra Innovatum | 0.51M | |
Terrestrial Energy | 0.51M | |
0.39M |
De-SPAC Gainers & Losers
Ticker | IPO Return | Price | Daily % Chg. |
|---|---|---|---|
-96% | $0.40 | 107.77% | |
7% | $10.65 | 67.98% | |
-54% | $4.63 | 40.30% | |
-93% | $0.70 | 36.41% | |
-86% | $1.42 | 35.24% | |
-54% | $4.57 | -29.69% | |
-99% | $2.44 | -30.68% | |
-96% | $0.44 | -32.59% | |
-99% | $0.76 | -52.88% | |
-98% | $0.16 | -57.45% |
De-SPACs listed from 2019-
De-SPAC Volume Leaders
News & De-SPAC Updates
Solidion Technology (STI) will implement a 1-for-50 reverse stock split ahead of trading on May 12. —PR
SPAC Updates
Merger Votes / Completions
Hennessy Capital Investment VI (OTC: HCVI) shareholders approved the merger with Namib Minerals. ~99% of the public SPAC shares were redeemed, leaving 25,397 public shares ($0.3M) prior to any potential reversals, which will be accepted prior to closing. Closing is expected as soon as possible, subject to Nasdaq listing approval and other closing conditions. —SF
Distoken (DIST) has postponed its shareholder vote meeting, for a second time, to May 21 to vote on its merger with Youlife International. The redemption deadline has been extended to May 19 with reversals permitted. —SF
Deal Updates
Inception Growth (OTC: IGTA) & AgileAlgo extended the outside date to July 31, 2025 and granted IGTA waivers and consents for specified AgileAlgo share transfers and issuances and confirm AgileAlgo’s right to terminate the agreement if IGTA’s stock remains delisted through each extended deadline without relisting on Nasdaq or the NYSE. —SF
Listings
—
Key Filings
Extensions:
Aetherium (GMFI) – PRE
S-4 Filings*:
Inception Growth (OTC: IGTA) & AgileAlgo – S-4/A
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 website.