SPAC Update – Sept 25

– AACT / KDK deal closed
– DMIIU $500 million IPO
– EMISU $100 million IPO
– TVA sold sponsor shares to a group of Trump insiders
– IBAC stockholders approved deadline extension to Mar 28 2026, 10.0 million shares redeemed, 1.5 million shares remain, NAV $10.60
– BKHA extended deadline to Oct 22 2025, added $150k to trust account
– KVAC extended deadline to Oct 27 2025, added $145k to trust account