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February 24, 2025
News From the Past Week

Deal News

  • Arogo Capital Acquisition Corp. (AOGO) announced a deal to acquire Bangkok Tellink, an emerging provider of advanced telecommunications, mobile network technology, and Internet of Things solutions. The deal reflects an equity value of $350mm. No closing timeline was given.

Deal Closings & Approvals

  • PowerUp Acquisition Corp. (formerly PWUP) closed its acquisition of Aspire Biopharma on Wednesday 2/19/2025 with less than 1% of public shares remaining. Ordinary shares and warrants are now trading on the NASDAQ as “ASBP” and “ASBPW.”

  • Battery Future Acquisition Corp. (BFACF) shareholders approved the company’s acquisition of Class Over Inc. at a meeting Friday 2/21/2025. Redemption statistics were not provided and no closing timeline was given.
IPOs
None.

New S-1's
Name Ticker Size ($mm) Underwriter Trust Funding Coverage
Blue Water III BLUW 200 BTIG 100.0% 1/2
CCIS Acq CCAC 50 Benjamin Sec. 100.0% R

Liquidations
None.

Charter Extensions

  • RACY extended its charter through 2/15/2026 with a monthly $1,000 ($0.016 per share) sponsor contribution to trust. Less than 1% of public shares remain, representing $1mm in trust.
  • MCAA extended its charter through 5/9/2025 with a monthly $10,000 ($0.021 per share) sponsor contribution to trust. Approximately 2% of public shares remain, representing $6mm in trust.

Upcoming Meetings and Deadlines

  • 2/24/2025 SUAC Liquidation deadline
  • 2/27/2025 BHAC XCF Global Capital, Inc. approval meeting
  • 2/27/2025 FNVTF Scage International approval meeting
  • 2/28/2025 RRACF Aurous approval meeting
  • 2/28/2025 CNDA Charter extension meeting (liquidation deadline 3/3/2025)
  • 2/28/2025 CMCA Charter extension meeting (liquidation deadline 3/3/2025)
Disclosures: Information is provided for informational purposes only and should not be relied upon as the basis for any investment decision nor considered as a recommendation or solicitation to buy or sell any securities. Site administrators may hold and trade in SPAC securities without notice.


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