SPAC Research & Analysis

Keystone Acquisition Corp. (KEYY), AmperCap Acquisition Co (APMC), and Aeon Acquisition I Corp (AESP) priced SPAC IPOs on June 3, 2026, raising $500M combined. KEYY led at $250M, with APMC and AESP each raising $125M, lifting June MTD issuance to 3 IPOs for $500M through 3 sessions.

Live Oak Acquisition Corp V (LOKV) entered a forward purchase agreement with HB Strategies on June 2, 2026 to reduce redemptions in its Teamshares merger. Separately, International Media Acquisition Corp (IMAQ) deposited $2,000 to extend its business-combination deadline from June 2, 2026 to July 2, 2026.

Spacsphere Acquisition Corp (SSAC) announced a merger with Mobilewalla, a data and AI company operating a proprietary consumer data AI platform, on June 1, 2026. Separately, Rising Dragon Acquisition Corp (RDAC) won an extension to October 15, 2027 after 1,903,823 shares were redeemed.

Tribeca Strategic Acquisition Corp. (BID) priced a $140M SPAC IPO on May 29, 2026. Tribeca Strategic Partners Holdco LLC sponsors the vehicle, which targets software, technology, artificial intelligence, digital assets, and clean energy.

Cartesian Growth Corp III (CGCT) reported about $239.96M redeemed from trust on May 28, 2026 after shareholders approved its merger. CGCT’s vote outcome was marked deal approved, and Lionano SE Inc. was listed as the target company.

Newhold Investment Corp Iii (NHIC) and Translational Development Acquisition Corp (TDAC) announced mergers on May 27, 2026, and Disciplined Growth Acquisition Corporation (DGAC) priced a $150M IPO. NHIC targets Newcleo Ltd in advanced modular nuclear reactors; TDAC targets ProLogium in lithium ceramic batteries.

Hadron Energy (HDRN) began trading as a DeSPAC on May 26, 2026, bringing a modular micro-reactor developer public. The company targets AI data centers, remote communities and industrial hubs. May issuance totals 18 SPAC IPOs for $2,374M through 26 sessions.

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

Three SPAC IPOs priced on May 21, 2026, with OHAC, APUR and FXAC raising $325M combined. OHAC led the group at $160M, APUR added $90M and FXAC raised $75M, lifting May MTD issuance to 16 IPOs for $2,274M through 21 sessions.

PHP Ventures Acquisition (PPHP) used a $957.30 sponsor deposit to push its combination deadline to June 16, 2026. The extension came as deal amendments, rather than new merger announcements or IPO pricings, carried the SPAC docket on May 20, 2026.

Iron Horse Acquisition II (IRHO) amended its Electra merger agreement and filed a Form S-4 on May 19, 2026. Separately, BSAA held an extension vote, FSHP set a June 11, 2026 extension vote, and May SPAC IPO activity reached 11 deals totaling $1,799M through the first 19 days.

Viking Acquisition Corp I (VACI) amended its NorthStar merger agreement, revising redemption timing and closing steps and clarifying tax treatment. Separately, CAEP completed its Air DeSPAC as AIIR. May MTD reached 11 SPAC IPOs / $1,775M through 18 days vs. 6 / $785M over the same span last month.