The Morning SPAC Update (Apr 3, 2025) 🔒

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

SPAC Gainers & Losers

SPAC Volume Leaders

De-SPAC Gainers & Losers

De-SPACs listed from 2019-

De-SPAC Volume Leaders

News & De-SPAC Updates

• Nano Dimension (NNDM) has completed its $179.3 million acquisition of Desktop Metal (DM) at $5.295 per share, following regulatory approvals and customary closing conditions. The combined entity aims to become a global leader in digital manufacturing for high-value electronics, mechanical, and medical applications. Nano Dimension indicated it would explore synergies with its pending merger with Markforged. —PR

• Trump Media (DJT) shares declined after a regulatory filing revealed plans to sell over 142 million shares, including former President Donald Trump’s entire 114 million-share stake valued at approximately $2.3 billion. The sale, to be conducted in one or more offerings over time, also includes 20 million shares from other shareholders such as Yorkville, a Cayman Islands-registered entity. Additionally, TMTG plans to issue 8.4 million new shares. —FT

  • Additional color from X/Twitter account Odd Diligence.

• Getty Images (GETY) and Shutterstock (SSTK) have each received a Second Request from the DOJ, extending the antitrust review of their proposed merger under the Hart-Scott-Rodino Act. The Second Request delays the transaction timeline until 30 days after both companies substantially comply, unless otherwise extended or terminated. Both companies continue to anticipate closing the deal in the second half of 2025. —PR

SPAC Updates

Merger Votes / Completions

• Finnovate (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. Final redemption price will be calculated two days prior to closing. Finnovate expects the merger to close by the end of April 2025. —SF

• Distoken (DIST) & Youlife International set the merger vote for Apr 30. – SF

• WinVest (OTC: WINV) & Xtribe set the merger vote for May 15. – SF

Other SPAC Updates

• Trading in Marblegate's (GATE) securities was halted by Nasdaq. Per the filing, the securities will be eligible to trade on the OTC Markets under the tickers “GATE,” “GATEU,” and “GATE". —SF 

Key Filings

Extensions:

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S-4 Filings*:

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Post-Merger S-1 Filings**:

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*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