2 More DAs as the Market Bounces Back Today

DAs continue in Virtual Reality and PropTech. And the rest of the day’s news in SPACs.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

The S&P 500 gained 2%, coming off a six-week losing streak — its longest since 2011. The Dow Jones Industrial Average bumped up 400 points after seven consecutive down weeks. For SPACs, the deal announcements continue, with two more SPAC DAs today.

SPAC Deal: EDTX + zSpace

EdtechX Holdings Acquisition Corp. II (EDTX) announces DA with zSpace (ZSPX), an Augmented Reality (AR) and Virtual Reality (VR) educational technology platform for K-12 and Workforce Development. The transaction values zSpace at an enterprise value of $195M and includes a $25M PIPE to retire debt at $10.15 per share. $117M in trust. Slide deck here. Expected close in the fourth quarter of 2022. As a reminder, EDTX has a 6/2 extension vote (6/15 deadline). Could be a high redeemer.

SPAC Deal: PTIC + Appreciate

PropTech Investment Corp. II (PTIC) announces DA with Appreciate (SFR). Appreciate is the parent holding company of Renters Warehouse, a Single Family Rental (SFR) marketplace and management platform. The company has developed an online marketplace with full-service brokerage teams in over 40 markets. The transaction values Appreciate at an enterprise value of $416.1M. No PIPE. $230M in trust. Expected close in the second half of 2022. Slide deck here.

Elsewhere in SPACs

  • Aires I Acquisition Corp. (RAM) extends deadline to 8/21. $0.075 contribution to trust.
Source: Boardroom Alpha

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

Recent Analysis

2026 Proxy Season Scorecard: Six Say-on-Pay Failures, AI Lands on Mega-Cap Ballots, and the Anti-ESG Pile-Up

Through May 21, 2026, U.S. public-company shareholders rejected six annual-meeting Say-on-Pay packages outright, voted against 18 directors at 14 companies, and crushed dozens of mega-cap shareholder proposals at sub-3% support. Plus: AI proposals filed at Alphabet, Meta, Walmart, and IBM; the split verdict on special-meeting rights; the activist-vote scorecard from four 2026 director-slate contests.

Weekly Recap: MO, OHI, WEN Rewire the C-Suite — May 22, 2026

Succession moved from emergency cleanup to portfolio rotation this week, with 24 CEO changes and 21 CFO changes across the tracked C-suite. Altria paired a CEO handoff with a CFO change, Omega Healthcare reset three senior finance and operating seats, and Wendy’s went back to the CEO market for the third time in three years.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

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.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

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.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.