News From the Past Week
Deal News
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Crane Harbor Acquisition Corp. (CHAC) announced a deal to acquire Xanadu, a photonic quantum computing company. The deal reflects an enterprise value of $3.1bn and includes a $275mm PIPE anchored by AMD, BMO Global Asset Management, and CIBC Asset Management Inc. No closing timeline given.
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Cantor Equity Partners III, Inc. (CAEP) announced a deal to acquire AIR, a hookah company and a pioneer in advanced inhalation technologies. The deal reflects an enterprise value of $1.75bn and is expected to close in H1 2026.
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Eureka Acquisition Corp (EURK) announced a deal to acquire Marine Thinking, a provider of autonomous ship and fleet solutions. The deal reflects a pre-money valuation of $130mm. No closing timeline was given.
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Rigel Resource Acquisition Corp. (RRACF) shareholders and Aurous mutually agreed to terminate their business combination agreement with no fees payable, with RRACF liquidating as soon as practicable.
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Compass Digital Acquisition Corp. (CDAQ) received a notice of termination from EEW Renewables, citing breach of contract. CDAQ disputes the claim and maintains EEW’s purported termination is invalid.
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IPOs
| Name |
Ticker |
Raised ($mm) |
Sector |
Cash in Trust |
Coverage |
| Cantor Equity Partners V |
CEPV |
220 |
General |
100.0% |
0 |
| Crown Reserve I |
CRAC |
150 |
General |
100.0% |
1/2+(R=S/5) |
| Tailwind 2.0 |
TDWD |
150 |
Energy |
100.0% |
R=S/10 |
| Westin Acq |
WSTN |
50 |
General |
100.0% |
R=S/6 |
New S-1's
| Name |
Ticker |
Size ($mm) |
Underwriter |
Trust Funding |
Coverage |
| Crane Harbor II |
CRAN |
250 |
Cohen |
100.0% |
R=S/15 |
| HCM IV |
HACQ |
250 |
Cantor |
100.0% |
1/4 |
| Launchpad Streetlight |
LPSL |
200 |
Cantor |
100.0% |
1/2 |
| Safeguard Acq |
SAC |
200 |
Jefferies |
100.0% |
1/2 |
| ARC Group Securities |
FJDI |
150 |
ARC Group |
100.0% |
1/2 |
| ARC Group Securities II |
FDAR |
150 |
ARC Group |
100.0% |
1/2 |
| Bluerock Acq |
BLRK |
150 |
Cantor |
100.0% |
1/3 |
Liquidations
None.
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Charter Extensions
- CBRRF extended its charter through 11/15/2026 with a monthly $0.01 per share sponsor contribution to trust. Less than 1% of public shares remain, representing $1mm in trust.
- INTE extended its charter through 11/5/2026 with a monthly $0.05 per share sponsor contribution to trust. Approximately 2% of public shares remain, representing $2mm in trust.
- IXAQF extended its charter through 10/12/2026 with a monthly $0.04 per share sponsor contribution to trust. Approximately 3% of public shares remain, representing $9mm in trust.
- MCAG extended its charter through 11/16/2026 with a $0.10 sponsor contribution for each 3-month extension. Approximately 1% of public shares remain, representing $1mm in trust.
- YOTA extended its charter through 4/22/2027 with a monthly $7,500 sponsor contribution to trust. Redemption statistics were not provided.
- RENEF extended its charter through 11/5/2026 with no sponsor contribution to trust. Approximately 13% of public shares remain, representing $38mm in trust.
- CLRCF extended its charter through 5/2/2026 with no sponsor contribution to trust. Less than 1% of public shares remain, representing $154k in trust.
- CCTSF extended its charter through 11/2/2026 with no sponsor contribution to trust. Less than 1% of public shares remain, representing $1mm in trust.
Upcoming Meetings and Deadlines
- 11/10/2025 RFAI Charter extension meeting
- 11/10/2025 ANSC Charter extension meeting (liquidation deadline 11/13/2025)
- 11/10/2025 AITR Liquidation deadline
- 11/12/2025 DPCS Charter extension meeting (liquidation deadline 11/12/2025)
- 11/14/2025 NETD Articles amendment meeting
- 11/16/2025 PPHP Liquidation deadline
- 11/18/2025 HSPT Liquidation deadline
- 11/19/2025 MAYA Name change proposal meeting
- 11/20/2025 RDAC HZJL approval meeting
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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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