Daily SPAC Update – April 9, 2025

by | Apr 9, 2025

Finnovate Acquisition + Scage International Deal Approved. Denali Capital Delisting. Aimfinity Investment Merger Agreement Amended.

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Daily SPAC Update

SPAC VOTE RESULTS
FNVTF – FINNOVATE ACQUISITION CORP * Deal Approved with Scage International Limited * 856,543 redeemed

OTHER SPAC NEWS
DECA – DENALI CAPITAL ACQUISITION CORP * Delisting
AIMAU – AIMFINITY INVESTMENT CORP I * Merger Agreement Amendment
FNVTF – FINNOVATE ACQUISITION CORP * Merger Agreement Amendment

NEW SPAC IPOs
Apr 03: SOUL – Soulpower Acquisition Corp. $220M IPO (+underwriter overallotment: $30M)
Apr 03: SZZL – Sizzle Acquisition Corp. Ii $200M IPO (+underwriter overallotment: $30M)

YESTERDAY’S TOP SPAC GAINERS
7.56% ~ $ 11.67 | HCVI – HENNESSY CAPITAL INVESTMENT CORP VI (Announced)
2.61% ~ $ 7.85 | BOWN – BOWEN ACQUISITION CORP (Announced)
1.95% ~ $ 11.00 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Announced)
.84% ~ $ 10.77 | QETA – QUETTA ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-51.02% ~ $ 1.92 | BFAC – BATTERY FUTURE ACQUISITION CORP (Announced)
-9.95% ~ $ 11.50 | MSSA – METAL SKY STAR ACQUISITION CORP (Pre-Deal)
-4.38% ~ $ 10.70 | BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD (Announced)
-3.52% ~ $ 12.06 | WINV – WINVEST ACQUISITION CORP (Announced)
-2.16% ~ $ 10.71 | CCIX – CHURCHILL CAPITAL CORP IX (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Apr 03 | $ 9.99 | SZZL – Sizzle Acquisition Corp. II
Apr 03 | $ 10.00 | SOUL – Soulpower Acquisition Corp.
Apr 01 | $ 10.02 | SDHI – Siddhi Acquisition Corp
Mar 31 | $ 10.06 | UYSC – UY Scuti Acquisition Corp.
Mar 21 | $ 10.04 | GSHR – Gesher Acquisition Corp. II
Mar 17 | $ 10.10 | QSEA – Quartzsea Acquisition Corp

Recent Analysis

Daily SPAC Update – April 16, 2025

Denali Capital Extension Approved. Compass Digital and Technology & Telecommunications Extension Votes Today. Pyrophyte Sets Extension Vote. Newhold III Separate Trading.

Daily SPAC Update – April 14, 2025

Ares Acquisition + Kodiak Robotics Deal Announced. More Deal Terminations. Focus Impact BH3 Extends and Auditor Changed. Altenergy and Healthcare AI Extension Votes Set.

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