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) are sent in our SPAC Morning Update newsletter to ListingTrack Pro users on the morning of each trading day.

Weekly SPAC Review (Dec 9th-13th)

Headlines of the Week

De-SPAC M&A

• MoneyLion ($ML) is to be acquired by Gen Digital ($GEN) in an all-cash deal, at $82.00 per share (6.48% premium to the closing price prior to announcement), or appx. $1B in the aggregate, plus a CVR representing a contingent right to receive $23 in GEN stock based on stock performance milestones.

• A consortium of some of the largest investors in ReNew Energy Global ($RNW), including CPPIB, Masdar, and ReNew's Chairman Sumant Simha, has proposed to take RNW private at $7.07 per share, valuing the firm at $2.82B.

• NewGenIVF ($NIVF) announced it has entered into a binding term sheet for a reverse merger transaction with European Wellness Investment Holdings that values European Wellness at $452M. European Wellness shareholders would own 61.6% of the combined entity upon closing.

SPAC Coverage*

• Arogo Capital ($AOGO) entered into a binding LOI with Bangkok Tellink, a telco provider and Internet-of-Things firm

• Electrified Materials (formerly American Metals), a subsidiary of American Resources, announced that it is pursuing a direct listing following the termination of its planned merger with AI Transportation ($AITR). During the merger process, American Resources stated that it "observed actions by their Chinese executives and advisors that raised significant concerns about the viability of the proposed merger," and the company intends to seek damages against AITR.

_{*Covering the notable activity not included in the section below}

Key Weekly SPAC Activity

Deal Announcements/ Terminations/ Closings

See more: SPAC Deal Pipeline

• No Mergers announced

• No Terminations

• Completions:

  • Thunder Bridge Capital Partners IV (THCP) & Coincheck ($CNCK)

  • Insight Acquisition Corp. (INAQ) & Alpha Modus ($AMOD)

  • Swiftmerge (IVCP) & AleAnna ($ANNA)

Merger Votes

See more: Merger Votes Calendar

• Merger votes set:

  • Coliseum ($MITA) & Rain Enhancement Technologies: Dec 23 — SF

Extensions

See more: Extension Votes Calendar

• Approvals:

  • APx I ($APXI): Dec 2025

  • Athena Technology II (OTC: $ATEK): Sep 2025

  •  Pearl Holdings ($PRLH): Jun 2026

  • Inception Growth ($IGTA): Jun 2025

• Votes set:

  • Bowen ($BOWN)

  • International Media ($IMAQ)

  • Iris ($IRAA)

  • Cartica ($CITE)

  • Aimfinity Investment I ($AIMAU)

IPOs and New S-1s

See more: IPO Calendar & Pre-IPO Dataset

• New IPOs:

  • Jackson Acquisition II ($JACS.U)

  • Mountain Lake Acquisition Corp. ($MLAC-U)

  • Roman DBDR Acquisition Corp. II ($DRDB-U)

• New registrations:

  • ChampionsGate Acquisition Corporation (CHPG)

  • Gansu Yunzhao Ruyi Technology Development (YZRY)

Liquidations

See more: Liquidations Dataset

• Delistings

  • Liberty Resources Acquisition Corp. (LIBY)

• 54 SPACs have liquidated in 2024 and 3 are in the process of liquidating.

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

• EQT Private Capital Asia completed its $1.1 billion acquisition of PropertyGuru (PGRU). PGRU shareholders received $6.70 per share in cash, with warrant holders to receive $0.7526 per warrant upon valid exercise through Jan 12, 2025. —PR

SPAC Updates

Merger Votes / Completions

• Insight Acquisition Corp. (INAQ) closed its merger with Alpha Modus ($AMOD). The combined company, Alpha Modus, will trade under the new symbols AMOD and AMODW starting Monday, Dec 16. —PR

• Swiftmerge (IVCP) closed its merger with AleAnna ($ANNA). The combined company, AleAnna, will trade under the new symbols ANNA and ANNAW starting Monday, Dec 16. In connection with the merger vote, 95% redeemed, leaving 56,357 public SPAC shares ($0.7M). —SF

Deal Updates

• Agriculture & Natural Solutions ($ANSC) announced it has received 'FIRB’ Approval (Australian Foreign Investment Review Board) for its merger with Australian Food & Agriculture Company. —PR 

Extensions

• Slam Corp. (OTC: $SLAMF) adjourned its extension vote from Dec 16 to Dec 18 and extended the redemption deadline to Dec 18. SLAM revised the extension proposal to three-month extension with the option to extend an additional three months on a monthly basis. Additionally, SLAM reduced the contribution per share to $0.05 from the lesser of $0.05 per share or $100,000.— SF

Listings

New Issues: IPOs, New S-1s

IPOs

• Mountain Lake ($MLAC-U) priced its $210M IPO. —PR

  • Units include 1 Common share and 1 Right (1/10th of a share).

  • UW: BTIG

• Bold Eagle ($BEAG-U) reported that the IPO underwriters partially exercised the greenshoe option with $8M of the $37.5M allotted, bringing the total gross proceeds to $258M. —SF 

Filings

• Gansu Yunzhao Ruyi Technology Development Co., Ltd. ($YZRY) filed for IPO. — S-1

  • $60M

  • Focus: Big consumption, big data, blockchain, and new energy in China and the Asia-Pacific region.

  • UW: N/A

Listing Warnings / Transfers:

• Integrated Wellness (WEL --> OTC: $WELNF) was delisted by NYSE and began trading OTC as WELNF. The units and warrants began trading OTC as WELUF and WELWF, respectively. —PR

• FutureTech II ($FTII) was approved to transfer its listing to Nasdaq Capital and was transferred ahead of trading on Dec 13. —SF

Key Filings

Extensions:

• Coliseum ($MITA) — DEF

• Israel ($ISRL) — PRE

S-4 Filings*:

• Oak Woods ($OAKU) & Huajin — S-4/A

Post-Merger S-1 Filings**:

• Veea ($VEEA) — S-1

*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