Daily SPAC Update – March 28, 2025

by | Mar 28, 2025

FNVT + Scage and INTE + Flybondi Deal Votes Today. SK Growth Extension Vote. COOL & TRON Get New Auditors. DMYY Trust Issues.

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Daily SPAC Update

EXTENSION VOTES
SKGR – SK GROWTH OPPORTUNITIES CORP * vote March 28, 2025 -> extend from March 31, 2025 to June 22, 2025

MERGER VOTES
FNVT – Finnovate Acquisition Corp + Scage International Limited
Scage is a zero-emission solution provider focused on new energy heavy-duty commercial vehicles and e-fuel solutions. Scage is engaged in the design, testing and commercialization of new energy heavy-duty commercial vehicles for logistics, mining, and port transportation uses.

INTE – Integral Acquisition Corp 1 + Flybondi Limited
Flybondi is Argentina’s largest low-cost carrier and its second-largest airline overall, with more than 1,400 dedicated employees and a growing fleet of Boeing 737-800s. Headquartered in Buenos Aires, Flybondi currently serves 20 destinations across both Argentina and Brazil. Since its launch in 2018, Flybondi has brought the “freedom to fly” to its more than nine million passengers in the country and region. For more information, please visit https://www.flybondi.com.

SPAC DEAL & EXTENSION VOTES SET
BOWN – Bowen Acquisition Corp * EXTENSION VOTE SET: Apr 14, 2025 * trust $11.03
DECA – Denali Capital Acquisition Corp * EXTENSION VOTE SET: Apr 10, 2025 * trust $12.13

OTHER SPAC NEWS
COOL – CORNER GROWTH ACQUISITION CORP * Auditor Engaged
TRON – CORNER GROWTH ACQUISITION CORP 2 * Auditor Engaged
SKGR – SK GROWTH OPPORTUNITIES CORP * Trust Update * trust $11.75
SKGR – SK GROWTH OPPORTUNITIES CORP * Investor Deck
IGTA – INCEPTION GROWTH ACQUISITION LTD * Merger Agreement Amendment
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * Restatement of Trust Necessary

SPAC NON-RELIANCE 8-K
DMYY – Dmy Squared Technology Group Inc : Non-Reliance on Previously Issued Financials

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.

YESTERDAY’S TOP SPAC GAINERS
207.50% ~ $ 50.00 | GATE – MARBLEGATE ACQUISITION CORP (Announced)
8.44% ~ $ 7.32 | BOWN – BOWEN ACQUISITION CORP (Announced)
7.00% ~ $ 12.68 | SKGR – SK GROWTH OPPORTUNITIES CORP (Announced)
3.81% ~ $ 11.71 | GBBK – GLOBAL BLOCKCHAIN ACQUISITION CORP (Announced)
3.75% ~ $ 11.62 | BUJA – BUKIT JALIL GLOBAL ACQUISITION 1 LTD (Announced)

YESTERDAY’S TOP SPAC LOSERS
-3.52% ~ $ 12.06 | WINV – WINVEST ACQUISITION CORP (Announced)
-1.27% ~ $ 10.12 | BSII – BLACK SPADE ACQUISITION II CO (Announced)
-1.19% ~ $ 11.61 | BNIX – BANNIX ACQUISITION CORP (Pre-Deal)
-.93% ~ $ 10.70 | HOND – HCM II ACQUISITION CORP (Announced)
-.80% ~ $ 12.46 | CCIR – COHEN CIRCLE ACQUISITION CORP I (Announced)

LATEST SPAC IPO PERFORMANCE
Mar 21 | $ 10.03 | GSHR – Gesher Acquisition Corp. II
Mar 17 | $ 10.10 | QSEA – Quartzsea Acquisition Corp
Feb 27 | $ 10.07 | NHIC – NewHold Investment Corp. III
Feb 27 | $ 10.07 | FERA – Fifth Era Acquisition Corp I
Feb 27 | $ 10.11 | LOKV – Live Oak Acquisition Corp. V
Feb 26 | $ 10.09 | RAC – Rithm Acquisition Corp.

Recent Analysis

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