DeSPAC Tracker: Completed SPAC Mergers, Targets & Post-Close Performance

DeSPAC Closes

Hadron Energy develops modular micro-reactor (MMR) technology capable of generating 10 MW of power. Its design allows for transport in a shipping container, enabling versatile deployment for various applications, including artificial intelligence data centers, remote communities, and industrial hubs. The company aims to provide a reliable and safe nuclear energy solution.

Air, headquartered in Dubai, specializes in social inhalation products and operates in over 90 markets globally. Its portfolio includes Al Fakher, a prominent hookah brand, Hookah.com, a leading B2B e-commerce platform for hookah and shisha in North America, and OOKA, a charcoal-free shisha device. The company collaborates with independent laboratories to develop products that blend traditional practices with modern technology.

Boost Run Inc provides enterprise-grade infrastructure that utilizes GPU architectures in data centers. It offers advanced interconnect technologies and bare metal provisioning to institutional clients. The company focuses on enhancing AI innovation while ensuring predictable costs and operational efficiency.

Enhanced Ltd develops sports competition and performance products aimed at optimizing health, performance, and recovery for athletes and consumers. Its product line includes offerings designed to enhance health, longevity, and vitality. The company operates within the Performance Medicine category.

Concrete Partners, LLC operates Suncrete, a ready-mix concrete company based in Tulsa, Oklahoma. It has batching plants and a fleet of owned mixer trucks, serving a diverse customer base in public infrastructure, commercial, and residential sectors across Oklahoma and Arkansas. The company employs a decentralized plant network with centralized oversight for pricing and customer relationships, focusing on timely product delivery in the growing U.S. Sunbelt region.

CoinShares is a global digital asset manager that provides financial services in investment management, trading, and securities. It serves a diverse client base, including corporations, financial institutions, and individuals. Founded in 2013 and headquartered in Jersey, it has offices in France, Stockholm, the UK, and the US, and operates under various regulatory authorities in these regions. CoinShares is publicly listed on Nasdaq Stockholm and OTCQX.

Cyabra Strategy Ltd. is a data intelligence company focused on combating online disinformation. It has developed an AI-powered system that helps large corporations, governments, and security agencies identify risks and malicious activities on social media. The system collects publicly available information and provides real-time alerts and analytical insights to its clients.

Xanadu is a Canadian quantum computing company focused on building accessible quantum computers. Founded in 2016, it develops both quantum hardware and software, including PennyLane, an open-source software library for quantum computing and application development.

Greenland Exploration Limited, based in Texas, focuses on developing strategic positions in North American energy assets. March GL Company, also a Texas entity, has an agreement with 80 Mile to fund drilling at the Jameson oil and gas basin in Greenland, covering costs for up to two exploration wells. In exchange, it will earn up to a 70% interest in the basin and serve as Field Operations Manager.

Horizon Quantum develops a hardware-agnostic software platform that connects quantum hardware with applications. This platform aims to make quantum computing accessible to software developers without requiring deep expertise in the field. The company was founded in 2018 by Dr. Joe Fitzsimons, who has extensive experience in quantum computing and computational complexity theory, and includes Dr. Si-Hui Tan as Chief Science Officer, who has a Ph.D. in Physics from MIT.

Merlin develops cost-effective autonomy solutions for airborne systems, catering to both military and civil programs. Its AI-powered software is aircraft-agnostic and supports a variety of missions, demonstrated through numerous autonomous flights from global test facilities. The company has secured over $100 million in contracts from military customers, focusing on addressing national security challenges.

Presidio Petroleum operates mature oil and gas wells in the Mid-Continent region. Headquartered in Fort Worth, TX, it focuses on optimizing existing production and generating sustainable cash flow from low-decline, producing assets.