SPAC Market Update June 5, 2026: FTRA Prices $200M SPAC IPO

SPAC IPO Update —

1 SPAC IPO priced on , raising $200M; June MTD now stands at 6 IPOs totaling $1.02B over 5 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 6•Prior: 20•MoM: -14
10
Jun ’25
13
Jul ’25
8
Aug ’25
14
Sep ’25
14
Oct ’25
10
Nov ’25
22
Dec ’25
24
Jan ’26
27Peak
Feb ’26
11
Mar ’26
16
Apr ’26
20
May ’26
6
Jun ’26
Source: Boardroom Alpha
IPO Activity Snapshot1 SPAC IPO today raising $200M · FTRA ($200M)
Month-to-date: 6 IPOs ($1.02B) vs. first 5 days of last month 2 ($400M) · 12-mo avg: 16/mo
Size
$200M
Ticker
FTRA / FTRAU
Sponsor
FutureCorp Space Acquisition 1 LLC

Futurecorp Space Acquisition 1 launched its $200M IPO, trading on the NYSE under FTRA. The SPAC, backed by FutureCorp Space Acquisition 1 LLC, targets the commercial space and defense technology sectors, leveraging management’s deep understanding of emerging trends and governmental priorities.

Leadership
David AndermanDirector
Co-founder of Stellar Ventures; former General Counsel of SpaceX during the Starlink launch and NASA mission.
John R TuttleDirector
Former Vice Chairman and COO of the New York Stock Exchange.
Joshua MarksCEO, CFO, Director
CEO of Anuvu; co-founded MAXjet Airways; led masFlight’s acquisition by Global Eagle.
Shawn PelsingerDirector
Chief Administrative Officer at Acrisure; former Global Head of Corporate Development at Palantir.
Sudhin ShahaniDirector
Co-founder and former Chairman of Surf Air Mobility; led strategic acquisitions and capital raises over $500MM.

Structure: 20M units at $10.00 each. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Cantor Fitzgerald & Co. is the lead book-runner.

New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Jun 05 FTRA FutureCorp Space Acquisition 1 $200M 100.0%
Jun 04 IPV InterPrivate Investment Partners V, Inc. $175M 100.0%
Jun 04 LTGR Long Table Growth Corp. $150M 100.5%
Jun 03 AESP AEON ACQUISITION I CORP $125M 100.0%
Jun 03 APMC AMPERCAP ACQUISITION CO $125M 101.0%
Jun 03 KEYY KEYSTONE ACQUISITION CORP $250M 100.2%
May 29 BID TRIBECA STRATEGIC ACQUISITION CORP $140M 100.2%
May 27 DGAC DISCIPLINED GROWTH ACQUISITION CORP $150M  $8M overallotment 100.5%
Source: Boardroom Alpha

Daily SPAC Update —

SPAC EXTENSIONS
AIMEI HEALTH TECHNOLOGY CO LTD (AFJK) * Extension FilingAimei Health extends its business combination deadline to , funded by a $34,330.96 promissory note to the Sponsor and United Hydrogen, convertible into private units.
VALUENCE MERGER CORP I (VMCAF) * Extension FilingBoard extends initial business combination deadline to and deposits funds into the trust to support the extension.

SEPARATE WARRANTS/RIGHTS
June 4: ENERGY TRANSITION SPECIAL OPPORTUNITIES (ETSS)
June 4: PEACE ACQUISITION CORP (PECE)

SPAC DEALS ANNOUNCED
June 1 | Titan Acquisition Corp (TACH) + OpenPaydOpenPayd provides a platform for businesses to manage money globally using a single API. It offers services such as embedded accounts, foreign exchange, domestic and international payments, Open Banking, and stablecoin on/off ramps. The company supports over 1,100 businesses, processing more than $240 billion in annual volumes through its banking network.
June 1 | Hall Chadwick Acquisition Corp (HCAC) + REEcycle Holdings IncREEcycle Holdings Inc is a rare earth recycling company based in Duncan, Oklahoma. It specializes in recovering rare earth elements from end-of-life neodymium magnets found in industrial products.
June 1 | Spacsphere Acquisition Corp (SSAC) + MobilewallaMobilewalla is a data and artificial intelligence company that operates a proprietary consumer data AI platform. It processes 50 terabytes of data daily from over 2 billion devices across more than 40 countries. The company provides predictive intelligence products and AI solutions primarily for the telecommunications, financial services, and consumer data sectors, serving enterprise clients in North America and Asia.

SPAC Executive & Director Moves —

SPAC Executive & Director Moves
Company Ticker Moves
ACTIVATE ENERGY ACQUISITION CORP AEAQ
  • David Whitby has been appointed as Director of Activate Energy Acquisition Corp., effective immediately as of .  (view source)
FOUR LEAF ACQUISITION CORP FORL
  • Bala Padmakumar voluntarily resigned as Interim Chief Executive Officer and Chairman of the Board effective , while Jason Remillard was appointed as Chief Executive Officer and Chairman of the Board on the same date.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers —

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
VOYAGER ACQUISITION CORP VACH 8.6% $ 10.60 Announced
CANTOR EQUITY PARTNERS II INC CEPT 4.6% $ 12.62 Announced
RISING DRAGON ACQUISITION CORP RDAC 4.0% $ 7.50 Announced
BEST SPAC I ACQUISITION CORP BSAA 3.8% $ 11.76 Announced
ALCHEMY INVESTMENTS ACQUISITION CORP 1 ALCY 0.8% $ 11.80 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC -9.6% $ 9.98 Pre-Deal
MOUNTAIN LAKE ACQUISITION CORP MLAC -8.7% $ 7.99 Announced
LEGATO MERGER CORP III LEGT -6.7% $ 10.40 Announced
HORIZON SPACE ACQUISITION II CORP HSPT -6.4% $ 10.00 Announced
STONEBRIDGE ACQUISITION II CORP APAC -5.9% $ 12.08 Pre-Deal
Source: Boardroom Alpha market data

Frequently Asked Questions

  • How large was the FTRA IPO?
    FutureCorp Space Acquisition 1 (FTRA) raised $200M in its SPAC IPO and trades on the NYSE under FTRA.
  • How many SPAC IPOs priced in June 2026 through June 5?
    6 SPAC IPOs priced for $1,025M through the first 5 June sessions, versus 2 IPOs for $400M over the same span in May 2026.
  • Which SPACs reported sponsor-deposit extensions?
    Aimei Health Technology Co Ltd (AFJK) and Valuence Merger Corp I (VMCAF) reported deadline extensions funded through deposits or sponsor-backed notes to trust.
  • Which merger announcements appeared in the last 5 days?
    3 merger announcements appeared in the last 5 days: Titan Acquisition Corp (TACH) with OpenPayd, Hall Chadwick Acquisition Corp (HCAC) with REEcycle Holdings Inc, and Spacsphere Acquisition Corp (SSAC) with Mobilewalla.


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