Good morning!

If you are receiving this newsletter for the first time, welcome! You will find the Weekly SPAC Review in the first section below followed by an update on Friday’s SPAC activity.

While Friday's update is included in this Weekly newsletter, the other daily updates (covering Mon-Thurs activity) are sent in our SPAC Morning Update newsletter to ListingTrack Pro users on the morning of each trading day.

Transition Reminder:

SPAC Track will soon be ListingTrack! Our users now enjoy an improved user experience and access to a significantly broader dataset covering initial public listings, including traditional IPOs, SPACs, spinoffs, direct listings, as well as pre-IPOs, at Listingtrack.io. This is all in addition to retaining all of the coverage provided by SPAC Track.

Starting on August 1, the Spactrack.io URL will re-route users to the revamped site at Listingtrack.io, and the new home for SPACs will be ListingTrack’s SPAC Hub.

Weekly SPAC Review (July 8-12)

Headlines of the Week*

De-SPAC News

• Getaround ($GETR) was delisted from NYSE and began trading OTC under the same symbol, GETR.

SPAC Coverage

• The SEC will commence proceedings to determine if it will approve NYSE’s proposal to extend the SPAC business combination deadline from 36 months to 42 months.

• Compass Digital ($CDAQ) entered into a non-binding LOI with a renewable energy platform.

• Quetta ($QETA) reported that it entered into a non-binding LOI with a clinical-stage therapeutics company and its subsidiaries

• Relativity (RACY: delisted) entered into a LOI with Mazaii

• Newbury Street ($NBST) announced that its merger partner, Infinite Reality (IR), raised $350M, bringing the valuation to $5.1B.

• A Delaware judge ruled that Sagaliam (SAGA) failed to make monthly extension payments and thus should have liquidated in accordance with its charter.

_{*Covering the notable activity not included in Friday’s update below}

Key Weekly SPAC Activity

Deal Announcements/ Terminations/ Closings

See more: SPAC Deal Pipeline

• No new Mergers announced*

• 2 Terminations*

  • $SEDA & cunova and KME Aerospace (the parties are in talks for a new deal)

  • $BLUA & Spinal Stabilization Technologies

• 3 Completions:

  • MCAC & ConnectM ($CNTM), -65% from IPO

  • CHAA & Crown LNG ($CGBS), -66%

  • GPAC & Stardust Power ($SDST), -24%

_{*$AQU’s target reorganized, leading to a termination and new DA. Since it's effectively the same target at a similar valuation, we consider this a deal update.}

Merger Votes

See more: Merger Votes Calendar

• Merger votes set:

  • $AACI & Rezolve: July 30

  • $KRNL & AIRO Group: July 31

  • $TRIS & Helport: Aug 1

• Approved:

  • $CETU & MKD Technology

• 4 Deals in limbo (merger approved & pending closing):

  • $PEGR & Heramba Electric

  • $GGAAF & MindMaze IP

  • $PLMI & Veea

  • $CETU & MKD Technology

Extensions

See more: Extension Votes Calendar

• Approvals/ auto extensions:

  • $HUDA: Oct 2025

  • $TGAA: Dec 2024

  • $QETA: Jan 2025

  • $DECA: Apr 2025

IPOs and New S-1s

See more: IPO Calendar & Pre-IPO Dataset

• 2 new IPOs:

  • Launch One ($LPAA-U)

  • SIM I ($SIMA-U)

• 2 new registrations:

  • Dynamix Corporation (Symbol TBA)

  • Bleichroeder Acquisition Corp. I (BACQ)

Liquidations

See more: Liquidations Dataset

• Last week, 1 liquidation was announced and delisted (VCXB).

• 28 SPACs have liquidated in 2024.

Current Stats:

See more: SPAC Stats

Friday’s SPAC Update

The section below is the format for the SPAC Morning Update newsletter sent to ListingTrack Pro subscribers on the morning of each trading day. You can sign up for ListingTrack Pro here.

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

SPAC Gainers & Losers

SPAC Volume Leaders

De-SPAC Gainers & Losers

De-SPACs listed from 2019- in descending order with the 3 Gainers followed by the 3 Losers

News & De-SPAC Updates

• Trump Media & Technology ($DJT) CEO Devin Nunes issued a statement in response to the attempted assassination of Donald Trump. — PR

• Canna-Global ($CNGL: OTC) entered into an LOI with Invest, Inc., a company Chaired by the GP of Liqueous, the hedge fund at the center of the unregistered share sale controversy earlier in the month. — PR

• Alight ($ALIT) completed the $1.2B sale of its payroll and professional service business. — PR

• Core Scientific ($CORZ) announced its tranche 2 warrants are now exercisable. — PR

• Danimer Scientific ($DNMR) completed its dividend warrant distribution to shareholders. — PR

• Zura Bio ($ZURA) commenced its warrant exchange offer: 0.3 common shares per IPO warrant. — PR

• SMX (Security Matters) ($SMX) completed its 1-for-75 reverse stock split.

SPAC Updates

Liquidations / Terminations

• 10X Capital Venture Acquisition Corp. III (VCXB) was delisted in connection with its liquidation.

Merger Votes / Completions

• Monterey Capital ($MCAC) & Connect: merger closed. Per the report, ~51% redeemed, leaving ~3.5M public SPAC shares, or ~$38M in trust after the Meteora FPA. The combined company starts trading as CNTM today. — SF

• ARYA Sciences IV ($ARYD) & Adagio Medical: merger vote set for July 26th — SF

• InFinT ($IFIN) & Seamless Group: merger vote set for August 6th — SF

• TenX Keane ($TENK) & Citius Oncology: merger vote set for August 2nd — SF 

Deal Updates

• Aquaron ($AQU) reported that its merger partner, Bestpath IoT Technology, reorganized, consolidating its business into its subsidiary, HUTURE Group. To reflect the reorg, the parties terminated the Bestpath merger and entered into a new BCA with HUTURE at a $1B valuation. — SF

Listings

Filings

• Bleichroeder Acquisition Corp. I (BACQ) — S-1

  • $250M, 1/4 Warrant

  • Focus: TMT

    UW: Santander

Key Filings

S-4 Filings*:

• Inception Growth ($IGTA) & AgileAlgo — S-4/A

• Moringa ($MACA) & Silexion — S-4/A

• ARYA Sciences IV ($ARYD) & Adagio Medical — EFFECT

• InFinT ($IFIN) & Seamless Group — EFFECT

Post-Merger S-1 Filings**:

• Montana Technologies ($AIRJ) — EFFECT

• CONX Corp. ($CNXX) — S-1/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