SPAC IPO Update
SPAC IPO Count
Month-to-date: 5 IPOs ($800M) vs. first 8 days of last month 2 ($350M) · 12-mo avg: 15.9/mo
Ticker: OTAI (Units: OTAIU) · Size: $100M
Starlink AI Acquisition Corp. priced its $100 million IPO on May 7, 2026, and commenced trading on the NYSE under the ticker OTAIU. The SPAC aims to identify targets that are industry leaders or have strong potential customer bases and significant growth opportunities, without limiting its search to a particular industry.
Leadership:
- Gracie Gao (CFO): Associate at E Fund Management Co., Ltd.
- Gus Liu (CEO, Director): CEO of WeSoul Labs LLC, experienced in AI and blockchain.
- Richard Lu (Director): CEO of PowerBank Corporation with over 25 years of experience in the energy industry.
- Xue Feng (Director): Data scientist at TD Bank and former VP at Nomura Securities International.
- Yiheng (Gus) Liu (Director)
Structure: 10M units at $10.00. Each unit = one ordinary share + 1/4 right. A.G.P./Alliance Global Partners sole book-runner.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| May 08 | OTAI | Starlink AI Acquisition Corp | $100M |
| May 07 | SAGU | Shreya Acquisition Group | $100M |
| May 06 | VECA | Vernal Capital Acquisition Corp. | $100M |
| May 01 | MTNE | CH4 NATURAL SOLUTIONS CORP | $300M |
| May 01 | QLEP | QUANTUM LEAP ACQUISITION CORP | $200M |
| Apr 30 | ARBC | ARC GROUP ACQUISITION I CORP | $105M $16M overallotment |
| Apr 30 | FTHA | FOREFRONT TECH HOLDINGS ACQUISITION CORP | $100M |
| Apr 30 | GCGR | GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP | $350M |
| Apr 30 | MCAH | MOUNTAIN CREST ACQUISITION 6 CORP | $60M |
| Apr 30 | RREV | RRE VENTURES ACQUISITION CORP | $250M |
| Apr 30 | WENC | WEST ENCLAVE MERGER CORP | $100M |
| Apr 29 | CAII | COLLECTIVE ACQUISITION CORP II | $220M |
| Apr 28 | CXII | CHURCHILL CAPITAL CORP XII | $360M $54M overallotment |
| Apr 28 | IACQ | IRENIC ACQUISITION CORP | $220M $33M overallotment |
| Apr 28 | PLUN | PLUTONIAN ACQUISITION CORP II | $100M |
Daily SPAC Update
SPAC VOTE RESULTS
CLIMATEROCK (CLRCF) * Extend to Nov 02, 2026 * 4,543 redeemed * $59,922 removed * trust $13.19
GIGCAPITAL7 CORP (GIG) * Deal Approved with Hadron Energy
DeSPACs
May 08: APAD DeSPAC to Enhanced Ltd (ENHA)
About Enhanced Ltd
Enhanced is an elite sports competition and performance products company committed to giving athletes and people alike access to products that optimize their health, performance and recovery. The Enhanced Performance Product line provides consumers access to products, and protocols that optimize health, longevity and vitality. As a premium brand, Enhanced aims to revolutionize and lead the Performance Medicine category.
SPAC DEALS ANNOUNCED
May 05 | Drugs Made In America Acquisition Corp (DMAA) + Power Analytics Global Corp
ABOUT Power Analytics Global Corp
The company specializes in artificial intelligence, machine learning, and quantum-resistant data solutions, holding proprietary technologies like Quantum Safe “Power Pulse”.
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-05-03: FSHP + Great Future Technology Inc
2026-04-30: ESHA + The Original Fit Factory, Ltd.
SEPARATE WARRANTS/RIGHTS
May 11: BLUE WATER ACQUISITION CORP IV (BWIV)
May 07: QUASAREDGE ACQUISITION CORP (QRED)
May 05: PONO CAPITAL FOUR INC (PONO)
OTHER SPAC NEWS
BLUE ACQUISITION CORP (BACC) * Merger Agreement Amendment
BLUE ACQUISITION CORP (BACC) * Merger Agreement Amendment
FACT II ACQUISITION CORP (FACT) * Investor Deck
APARADISE ACQUISITION CORP (APAD) * Trust Update * trust $10.28
GIGCAPITAL7 CORP (GIG) * Voting AgreementGigCapital7 secures non-redemption waivers and a forward purchase to support the Hadron Energy merger.
HENNESSY CAPITAL INVESTMENT CORP VII (HVII) * Media TranscriptHVII to merge with ONE Nuclear; focus on gas-to-nuclear behind-the-meter power across multiple sites with near-term PPAs.
SPAC LIQUIDATIONS
ESH ACQUISITION CORP (ESHA) -> Liquidation on Apr 30
SPAC Executive & Director Moves
| Company | Ticker | Moves |
|---|---|---|
| APARADISE ACQUISITION CORP | APAD |
|
SPAC Movers
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| STONEBRIDGE ACQUISITION II CORP | APAC | 51.7% | $ 15.58 | Pre-Deal |
| GRAF GLOBAL CORP | GRAF | 1.1% | $ 10.88 | Pre-Deal |
| SAFEGUARD ACQUISITION CORP | SAC | 1.0% | $ 10.14 | Pre-Deal |
| SPRING VALLEY ACQUISITION CORP IV | SVIV | 0.7% | $ 10.10 | Pre-Deal |
| FG MERGER II CORP | FGMC | 0.7% | $ 10.25 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| APARADISE ACQUISITION CORP | APAD | -28.2% | $ 8.03 | Announced |
| GENERAL PURPOSE ACQUISITION CORP | GPAC | -14.0% | $ 9.94 | Pre-Deal |
| WILLOW LANE ACQUISITION CORP | WLAC | -10.3% | $ 18.65 | Announced |
| HORIZON SPACE ACQUISITION II CORP | HSPT | -7.6% | $ 7.90 | Announced |
| JATT II ACQUISITION CORP | TBD | -3.8% | $ 10.51 | Pre-Deal |