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 (Jan 6-10)

Headlines of the Week

De-SPAC M&A

• Presto Automation (PRST) completed its Article 9 sale process, resulting in an auction on December 3, 2024. Remus Capital, Link Ventures, and Metropolitan Partners Group acquired PRST's assets. The new entity is named Presto Phoenix. —PR

• Getty Images ($GETY) and Shutterstock ($SSTK) have agreed to merge, with the combined entity to maintain the Getty Images name and trading symbol (GETY).

• Cepton ($CPTN) announced its acquisition by Koito Manufacturing closed.

• Citius Oncology ($CTOR) is exploring strategic alternatives, including a potential M&A transaction, and has hired Jefferies as its financial advisor to assist.

SPAC Coverage*

• Crown PropTech Acquisitions (OTC: $CPTK) entered into a non-binding LOI with Mkango Resources Ltd (AIM: MKA).

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

Key Weekly SPAC Activity

Deal Announcements/ Terminations/ Closings

See more: SPAC Deal Pipeline

• Mergers announced:

  • Colombier II ($CLBR) & GrabAGun, a firearm and ammunition E-commerce platform. — PR / IP

• No Terminations

• No Completions

Merger Votes

See more: Merger Votes Calendar

• Merger votes set:

  • Global Star ($GLST) & K Enter: Feb 3

  • Finnovate (OTC: $FNVTF) & Scage: Jan 30

  • Western Ventures ($WAVS) & Cycurion: Jan 24

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

  • Chenghe I ($LATG) & Femco Steel Technology

  • BurTech (OTC: $BRKH) & Blaize

Extensions

See more: Extension Votes Calendar

• Approvals:

  • Western Ventures (WAVS): April 11, 2025

  • Israel Acquisitions Corp ($ISRL): Jan 2026

  • Bowen ($BOWN): April 14, 2025

  • Cartica (OTC: $CRTAF): Oct 2025

• Votes set:

  • Technology & Telecommunication ($TETE)

IPOs and New S-1s

See more: IPO Calendar & Pre-IPO Dataset

• New IPOs:

  • Cantor Equity Partners I ($CEPO)

• New registrations:

  • Molida Holding Group Co., Ltd. (MOLD)

  • CH4 Natural Solutions Acquisition Corporation (MTNE)

  • Live Oak Acquisition Corp. V (LOKV)

  • Origin Investment Corp I

Liquidations

See more: Liquidations Dataset

• Announcements/ Delistings

  • Qomolangma ($QOMO) announced it would liquidate, with an effective date of Dec 27.

• 1 SPAC liquidated YTD (56 total liquidations in 2024), while 3 are in the process of liquidating.

Current Stats:

See more: SPAC Stats

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-

De-SPAC Volume Leaders

SPAC Updates

Merger Votes / Completions

• Western Ventures ($WAVS) & Cycurion set the merger vote for Jan 24. — SF

Extensions

• Israel Acquisitions Corp ($ISRL) was approved to extend up to Jan 2026. ~89% of the public SPAC shares were redeemed. Remaining in trust: ~$9.1M / 797,932 shares. —SF

• Bowen ($BOWN) was approved to extend up to April 14, 2025. Pending redemption results. —SF

• Cartica (OTC: $CRTAF) was approved to extend up to Oct 2025. ~40% of the public SPAC shares were redeemed. Remaining in trust: ~$15.8M / 1,348,096 shares. —SF

• Western Ventures ($WAVS), in connection with its extension to April 14, 2025, reported that ~38% of the public SPAC shares were redeemed. Remaining in trust: ~$1.7M / 152,530 shares. —SF

Listings

New Issues: IPOs, New S-1s

Filings

• CH4 Natural Solutions Acquisition Corporation (MTNE) filed for IPO. — S-1

  $250M, 1/3 Warrant

  Focus: Agriculture, Renewable Energy, Infrastructure, Upstream Energy, Industrial Services

  UW: Citigroup

• Live Oak Acquisition Corp. V (LOKV) filed for IPO. — S-1

  $200M, 1/3 Warrant

  Focus: N/A

  UW: Santander

• Origin Investment Corp I filed for IPO. — S-1

  $60M, 1/2 Warrant

  Focus: Asia (excluding China)

  UW: ThinkEquity

Listing Warnings / Transfers:

• Broad Capital ($BRAC) received a non-compliance warning from Nasdaq — SF 

• Cartica (CITE --> $CRTAF) was delisted from Nasdaq and is set to begin trading OTC under new symbols CRTAF, CRTUF, and CRTWF for its common share, units, and warrants, respectively.

Key Filings

Extensions:

• Constellation I ($CSTAF) — DEF

• Technology & Telecommunication ($TETE) — DEF

• Aimei Health Technology ($AFJK) — PRE

• Maquia Capital ($MAQC) — PRE

S-4 Filings*:

• ClimateRock ($CLRC) & GreenRock — F-4/A

• Hennessy Capital Investment VI ($HCVI) & Namib Minerals — F-4/A

• Perception Capital IV ($RCFAF) & Blue Gold — F-4/A

• Rigel Resource ($RRACF) & Aurous — F-4/A

Post-Merger S-1 Filings**:

• Foxx Development ($FOXX) — S-1

• New Era Helium ($NEHC) — S-1/A

• Veea ($VEEA) — 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