There have been a number of filings this afternoon, so a summary has been provided below:
Industrea Acquisition Corp.
Industrea (INDU), announced this afternoon that shareholders have approved their business combination with Concrete Pumping Holdings. The final voting results revealed 97.33% of votes cast were in favor of the Business Combination, representing 71.96% of all outstanding shares as of the October 17, 2018 record date. However, as of yet, Industrea has not released any of the details regarding number of shares redeemed or at what price, however, they did indicate they will be releasing that information in an additional 8-K. So, while 97% voted yes, that doesn’t tell us much since you can still vote “yes” and also redeem for the pro rata amount in trust. Regardless, Congratulations to Industrea and Concrete Pumping Holdings. We’ll update as further information becomes available.
Constellation Alpha Capital Corp.
Constellation Alpha Capital Corp. (CNAC), in a very brief 8-K, indicated their agreement with Medall Healthcare Private Limited, has been terminated. Constellation Alpha has until Dec. 19th to complete their business combination and they indicated in their filing that “The Company intends to continue to pursue a business combination with a target company“, so a forthcoming proxy to extend their deadline date will most likely be filed shortly.
Chardan Healthcare Acquisition Corp.
Chardan Healthcare (CHACU), filed an S-1/A this afternoon for their SPAC, indicating (so far) that they’re sticking with their terms. As a side note, Schultze also filed their S-1/A (Nov. 28th), as did CF Finance (Dec. 3rd). However, Chardan’s filing (without any changes) is the most surprising. But hey, if they can sell it…good on them.
If you would like to review the terms of all five of the forthcoming December SPAC IPOs, you can find that here.
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...