SPAC

GSR IV Acquisition Corp. (GSRF) has closed its $230 million IPO, including the full exercise of the over-allotment option. The offering consisted of 23 million units at $10.00 each. Each unit includes one Class A ordinary share and one-seventh of a right, convertible into shares upon a business combination. Units trade on Nasdaq under “GSRFU,” with shares and rights to follow under “GSRF” and “GSRFR.” Polaris Advisory Partners and The Benchmark Company were joint bookrunners; the latter acting as qualified independent underwriter. GSRF is a blank check company seeking a merger target.

Silver Pegasus Acquisition Corp. (SPEGU) debuts on Nasdaq today after a $100 million IPO, priced at $10.00 per unit. Led by CEO Cesar Johnston, the semiconductor-focused SPAC aims to acquire a company in the industry. The offering consists of 10 million units, each containing one Class A ordinary share and one right. Trading under SPEGU, SPEG, and SPEGR, Silver Pegasus seeks to capitalize on semiconductor demand, acknowledging industry competition and regulatory challenges. Roth Capital Partners is the sole underwriter, with the IPO expected to close tomorrow.

BEST SPAC I Acquisition Corp. completed its $55 million IPO, priced at $10 per unit, on Nasdaq under the symbol BSAAU. The British Virgin Islands-based SPAC’s offering, managed by Maxim Group LLC, includes an over-allotment option. With focus on the consumer goods sector, the company aims to merge with a suitable target. The SEC declared the registration statement effective on June 12, 2025.

Denali Capital Acquisition Corp (DECA) extended its business combination deadline to July 11, 2025. To support this, they deposited $874.78 into their trust account, funded by a convertible promissory note from Scilex (SCLX). The note, with a $180,000 principal cap and no interest, converts to DECA shares at $10.00 each. Remaining funds from the note are available for future extensions.

Oyster Enterprises II Acquisition Corp upsized its IPO to $220 million (22M units at $10), listing on Nasdaq as OYSEU on May 22, 2025. The SPAC replaces traditional warrants with fractional share rights to minimize investor dilution, targeting AI, blockchain, media, and real estate sectors. Led by tech-linked executives including Divya Narendra, it leverages a $253 million potential warchest with underwriters’ 15% over-allotment option. While benefiting from recovering SPAC market trends and high-growth tech sectors, challenges include competition for acquisitions, undisclosed targets, and prolonged merger timelines prevalent in the post-2023 SPAC landscape. BTIG serves as sole bookrunner.