Daily SPAC Update – March 27, 2025

by | Mar 27, 2025

Oak Woods Extends to September 2025. HCM II Deal with Terrestrial Energy Announced. Aimfinity + Docter Deal Vote. Finnovate Drops Marcum.

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SPAC VOTE RESULTS
NVAC – NORTHVIEW ACQUISITION CORP * Extend to Jun 22, 2025 * 532,958 redeemed
OAKU – OAK WOODS ACQUISITION CORP * Extend to Sep 28, 2025 * 679,929 redeemed

SPAC DEALS ANNOUNCED
Mar 26 | HOND – HCM II Acquisition Corp + Terrestrial Energy Inc.

ABOUT Terrestrial Energy Inc.

Terrestrial Energy is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. IMSR technology captures the full transformative operating benefits of molten salt reactor technology in a plant design that represents true innovation in cost reduction, versatility and functionality of nuclear energy supply. IMSR plants will supply zero-carbon, reliable, dispatchable, low-cost, high-temperature industrial heat and electricity for a dual-use energy role relevant to many industrial applications, such as chemical synthesis and desalination. In so doing, they extend the application of nuclear energy far beyond electric power markets. IMSR plants have the potential to make substantial contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system across a broad spectrum. Terrestrial Energy uses an innovative design, together with proven and demonstrated molten salt reactor technology, which offers a unique set of operating characteristics to deliver high and compelling commercial potential. Terrestrial Energy is engaged with regulators, suppliers and industrial partners to build, license and commission the first IMSR plants in the early 2030s.

MERGER VOTES
AIMAU – Aimfinity Investment Corp I Docter Inc
Since 2016, Docter, along with its subsidiary, Horn Enterprise Co., Ltd., has been developing a non-invasive blood sugar trend monitoring technology, alleviating the necessity for blood sampling. The company operates Docter brand watches and employs Docter Cloud platform technologies to facilitate health monitoring, vascular elasticity tracking, and myocardial infarction prediction. Additionally, Docter has made investments in the development of biological radar wave technology to cater to those requiring long-term care or individuals experiencing sub-optimal health.

OTHER SPAC NEWS
DPCS – DP CAP ACQUISITION CORP I * Dismissed Accountant
FNVTF – FINNOVATE ACQUISITION CORP * Dismissed Accountant
HUDA – HUDSON ACQUISITION I CORP * Delisting
HUDA – HUDSON ACQUISITION I CORP * Merger Agreement Amendment

YESTERDAY’S TOP SPAC GAINERS
11.37% ~ $ 16.26 | GATE – MARBLEGATE ACQUISITION CORP (Announced)
6.51% ~ $ 10.80 | HOND – HCM II ACQUISITION CORP (Announced)
1.22% ~ $ 10.78 | CCIX – CHURCHILL CAPITAL CORP IX (Pre-Deal)
1.18% ~ $ 10.25 | BSII – BLACK SPADE ACQUISITION II CO (Announced)
.85% ~ $ 11.85 | SKGR – SK GROWTH OPPORTUNITIES CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-8.78% ~ $ 6.75 | BOWN – BOWEN ACQUISITION CORP (Announced)
-8.40% ~ $ 13.09 | AIMAU – AIMFINITY INVESTMENT CORP I (Announced)
-3.52% ~ $ 12.06 | WINV – WINVEST ACQUISITION CORP (Announced)
-1.19% ~ $ 11.61 | BNIX – BANNIX ACQUISITION CORP (Pre-Deal)
-1.06% ~ $ 11.20 | BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD (Announced)

LATEST SPAC IPO PERFORMANCE
Mar 21 | $ 10.03 | GSHR – Gesher Acquisition Corp. II
Mar 17 | $ 10.10 | QSEA – Quartzsea Acquisition Corp
Feb 27 | $ 10.11 | LOKV – Live Oak Acquisition Corp. V
Feb 27 | $ 10.03 | NHIC – NewHold Investment Corp. III
Feb 27 | $ 10.07 | FERA – Fifth Era Acquisition Corp I
Feb 26 | $ 10.06 | RAC – Rithm Acquisition Corp.

 

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