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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.

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Weekly SPAC Review (Jan 20th - 24th)

Headlines of the Week*

Other De-SPAC News

• Grindr ($GRND) is redeeming its warrants with an exercise deadline of Feb 24. Warrant holders can elect to exercise their warrants for cash at an exercise price of $11.150 per common share or on a cashless basis up until the Feb 24 deadline. At that point, all unexercised warrants will be redeemed for $0.10 per warrant. —PR

_{*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:

  • Golden Star (GODN) & Gamehaus ($GMHS), -71% from SPAC IPO price

Merger Votes

See more: Merger Votes Calendar

• Merger votes set:

  • FTAC Emerald ($FLDD) & Fold: Feb 12. — SF

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

  • RF ($RFAC) & GCL Asia (approved this week)

  • Western Ventures ($WAVS) & Cycurion

  • Bowen ($BOWN) & Shenzhen Qianzhi BioTech (Emerald)

Extensions

See more: Extension Votes Calendar

• Approvals:

  • Technology & Telecommunication (OTC: $TETEF): April 2025

  • ShoulderUP Technology (OTC: $SUAC): Feb 2025

• Votes set:

  • Aetherium ($GMFI)

IPOs and New S-1s

See more: IPO Calendar & Pre-IPO Dataset

• New IPOs:

  • Columbus Acquisition Corp ($COLA- U) priced its $60M IPO

• New registrations:

  • Silver Pegasus Acquisition Corp. (SPEG)

  • Soulpower Acquisition Corporation (SOUL)

Liquidations

See more: Liquidations Dataset

• Delistings

  • OCA Acquisition Corp. (OCAX)

• 4 SPACs have liquidated in 2024, and an additional 1 is 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

News & De-SPAC Updates

• Nikola ($NKLA) is considering a potential sale of parts or the entire company. Other options include seeking partners or raising new funds. No decisions have been finalized. CEO Steve Girsky is leading these efforts. Nikola has confirmed it is exploring options but has not disclosed details. —Bloomberg

• Markforged ($MKFG) announced that Desktop Metal ($DM) has voluntarily dismissed Markforged from its complaint against Nano Dimension ($NANO) related to Markforged's pending merger with Nano. Desktop Metal had alleged that Nano breached its merger agreement with them by entering into the Merger Agreement with Markforged, claiming it could jeopardize their own merger. On Jan 22, 2025, Desktop Metal filed a notice to dismiss Markforged from the case. —PR

• Revelation Biosciences (REVB) will implement a 1-for-16 reverse stock split ahead of trading on Jan 28. —PR

SPAC Updates

Merger Votes / Completions

• Golden Star (GODN) closed its merger with Gamehaus. Gamehaus will trade as GMHS starting Monday, Jan 27. —PR

• FTAC Emerald ($FLDD) & Fold set the merger vote for Feb 12. — SF

• Western Ventures ($WAVS) shareholders approved its merger with Cycurion. Pending redemption details. —SF

• ShoulderUP Technology (OTC: $SUAC) shareholders approved the merger with SEE ID. 240 public SPAC shares were redeemed, leaving 508,589 public shares ($5.6M) prior to any potential reversals. —SF

Deal Updates

• Welsbach Technology Metals ($WTMA) and its merger partner Evolution Metals Corp filed an investor presentation for the deal. —SF

Extensions

• Technology & Telecommunication (OTC: $TETEF) was approved to extend up to Apr 2025. ~78% of the public SPAC shares were redeemed. Remaining in trust: ~$7.2M / 574,543 shares. —SF

Listings

New Issues: IPOs, New S-1s

Filings

• Soulpower Acquisition Corporation (SOUL) filed for IPO. — S-1

  • $200M, 1/2 Warrant

  • Focus: Insurance services, Retirement savings, and related Financial services.

    UW: Cantor

Key Filings

Extensions:

• Aetherium ($GMFI) — DEF

S-4 Filings*:

• Bannix ($BNIX) & Visionwave — S-4

• Battery Future (OTC: $BFACF) & Classover — S-4/A

• Bellevue Life Sciences ($BLAC) & OSR Holdings Co. — S-4/A

• Welsbach Technology Metals (OTC: $WTMA) & Evolution Metals — S-4/A

• Integral 1 (OTC: $INTE) & Flybondi — F-4

• FTAC Emerald (OTC: $FLDD) & Fold — EFFECT

*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