SPAC

.Miluna Acquisition Corp (NASDAQ: MMTXU) announced that, on or about December 15 2025, unit holders may elect to split their units into ordinary shares and warrants for separate trading. Post‑split, shares will trade under ticker MMTX and warrants under MMTXW, while unsplit units will continue under MMTXU. The split aims to give investors flexibility, potentially enhancing liquidity and price discovery for each security.

Integrated Rail and Resources Acquisition Corp (IRRX) announced that sponsor DHIP Natural Resources Investments will extend its business‑combination deadline from December 15, 2025 to January 15, 2026, adding a 31‑day window. The SPAC remains focused on natural resources, railroads, and railroad logistics, with any securities offerings complying with the Securities Act and Rule 135. The extension provides more time to secure a suitable target amid evolving logistics and energy markets, but also prolongs shareholder uncertainty and the risk of liquidation if a deal is not completed.

Einride, a Swedish autonomous electric freight technology company, plans to go public via a SPAC merger with Legato Merger Corp. III, valuing the company at $1.8 billion. Expected to trade on the NYSE in early 2026, the deal aims to generate $219M. Einride boasts a contracted ARR of $65M and a pipeline exceeding $800M, serving over 25 customers in seven countries, including PepsiCo and Heineken. The company offers both driver-operated and autonomous EV freight services, licensing its technology and aiming to reduce emissions in the $4.6 trillion global freight market.

Westin Acquisition Corp (WSTN) priced its $50 million IPO of 5,000,000 units at $10.00 per unit, each containing one Class A share and a right to 1/6 of a share. Trading on Nasdaq under WSTNU is expected to begin November 4, 2025, with closing anticipated November 5, 2025. Underwriters have a 45-day option to purchase up to 750,000 additional units. A.G.P./Alliance Global Partners is the sole book-running manager.

Dynamix Corporation III raised an upsized $175 million in its IPO, potentially reaching $201.25 million with additional shares. The SPAC targets acquisitions in AI, energy, or digital assets, aiming for companies valued at $1 billion or more. Advisors from Prologis and Nvidia will aid in identifying suitable targets. This debut occurs during a cautious recovery phase for the SPAC market after a period of decreased activity and scrutiny, requiring Dynamix III to demonstrate strong valuation and synergies to investors.

Trailblazer Acquisition Corp (BLZRU) will allow separate trading of its Class A shares (BLZR) and warrants (BLZRW) starting October 31, 2025. Unit holders can elect to split their units; intact units will continue trading as BLZRU. No fractional warrants will be issued. The split aims to unlock value and attract diverse investors, but could fragment liquidity. This isn’t an offer to buy or sell securities where unlawful.

Securitize, the platform behind BlackRock’s tokenized fund, will go public via a SPAC merger with Cantor Equity Partners II, valuing the company at $1.25 billion. CEO Carlos Domingo highlights the lack of publicly traded, pure-play tokenization companies, anticipating strong market performance and offering investors direct exposure to the tokenization trend. The move follows the surge in tokenized real-world assets (RWAs), with the market growing significantly. Securitize aims to digitize its own equity and believes blockchain will transform finance within a decade, creating a more efficient and transparent system.

Harvard Ave Acquisition Corporation (HAVAU) closed its $145 million IPO, offering 14,500,000 units at $10.00 each. Units, trading on Nasdaq under HAVAU since October 23, 2025, consist of Class A ordinary shares and rights, expected to list as HAVA and HAVAR, respectively. The Cayman Islands-based SPAC, managed by D. Boral Capital, will pursue a business combination. Investors should note the risks inherent in SPACs, including target selection and regulatory scrutiny.

Miluna Acquisition Corp (MMTXU) priced its IPO of 6,000,000 units at $10.00 each, aiming to raise $60 million. Units, comprising one ordinary share and one warrant, are expected to begin trading on Nasdaq on October 23, 2025. The IPO is expected to close on October 24, 2025. D. Boral Capital LLC and ARC Group Securities LLC are joint book-running managers, with a 45-day over-allotment option. The company will seek a business combination, excluding targets primarily based in China.

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.