Daily SPAC Update – January 16, 2026

by | Jan 16, 2026

Infinite Eagle and FG Imperii SPAC IPOs Make it 8 New SPACs for $2 Billion in New SPAC Issuance in 2026. Columbus and Israel Extension Votes.

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– Read our December 2025 SPAC Review
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DAILY SPAC UPDATE

EXTENSION VOTES
COLA – COLUMBUS ACQUISITION CORP * vote January 16, 2026 -> extend from January 22, 2026 to January 22, 2027
ISRLF – ISRAEL ACQUISITIONS CORP * vote January 16, 2026 -> extend from January 18, 2026 to January 18, 2027

SPAC DEAL & EXTENSION VOTES SET
CSTAF – Constellation Acquisition Corp I * EXTENSION VOTE SET: Jan 27, 2026 * trust $13.37
PPHP – PHP VENTURES ACQUISITION CORP * Vote Adjourned (revising extension payment from $0.05 to $0.10 per share)

NEW SPAC DEAL DECKS
DAAQ – DIGITAL ASSET ACQUISITION CORP * Investor Deck
HYAC – HAYMAKER ACQUISITION CORP 4 * Investor Deck

SPAC IPOs

SPAC IPO: INFINITE EAGLE ACQUISITION CORP. (IEAGU)
Ticker: IEAGU (Units) | Size: $300 Million | Sponsor: Eagle Equity Partners

Infinite Eagle Acquisition Corp. priced its $300 million initial public offering on January 15, 2026, and begins trading on the Nasdaq today. This marks the tenth public acquisition vehicle from the veteran “Eagle” team, which has historically been one of the most prolific sponsors in the SPAC space. The company is incorporated in the Cayman Islands and maintains its executive offices in New York.

Strategy: Infinite Eagle is a sector-agnostic vehicle. While the mandate is broad, the team intends to capitalize on its established global relationships and deep operating experience to identify a target that can benefit from their “hand-on” management approach. Historically, the Eagle team has targeted high-growth sectors including media, entertainment, and technology.

Leadership Team: The SPAC is led by a “powerhouse” trio with a significant track record in the blank-check industry:

  • Harry Sloan (Co-Chairman): A media industry veteran and former Chairman and CEO of Metro-Goldwyn-Mayer (MGM) and SBS Broadcasting.
  • Jeff Sagansky (Co-Chairman): Former President of CBS Entertainment and Co-President of Sony Pictures Entertainment.
  • Eli Baker (CEO & Director): A long-time partner in the Eagle vehicles, having served in leadership roles for eight prior Eagle SPACs, including the recently successful Bold Eagle Acquisition Corp.
  • Ryan O’Connor (CFO): Previously served as CFO of Finance for Bold Eagle Acquisition Corp.

Structure: The offering consists of 30 million units priced at $10.00. In a bold move that separates it from current market trends, the SPAC features a warrantless structure. Instead of warrants, each unit contains one Class A ordinary share and one Eagle Share Right to receive one-twenty-fifth (1/25) of a Class A share upon the completion of a business combination. This “cleaner” structure is designed to appeal to institutional investors by minimizing long-term dilution. Goldman Sachs & Co. LLC acted as the sole book-running manager.

SPAC IPO: FG IMPERII ACQUISITION CORP. (FGIIU)
Ticker: FGIIU (Units) | Size: $200 Million | Sponsor: FG Imperii Investors LLC

FG Imperii Acquisition Corp. priced its $200 million initial public offering on January 15, 2026, with trading commencing today on the Nasdaq. Headquartered in Itasca, Illinois, the SPAC is part of the broader “FG” (Fung-Guyer) family of companies, which has a long history of utilizing the SPAC vehicle to take financial services and insurance companies public.

Strategy: The company intends to focus its search on the financial services industry in North America. The team specifically targets businesses in sectors such as insurance, FinTech, and InsureTech, looking for companies with scalable platforms and strong management teams that can benefit from a “consultative” approach post-merger.

Leadership Team: The management team consists of seasoned financial services operators and SPAC veterans:

  • Kyle Cerminara (Chairman): Co-founder of Fundamental Global® and a director of various public companies. He has extensive experience in capital allocation and activist investing.
  • Larry Swets, Jr. (CEO & Director): Founder of Itasca Financial and former CEO of FG New America Acquisition Corp. Swets has over two decades of experience in the insurance and financial services sectors.
  • Hassan Baqar (CFO & Director): A frequent collaborator in the FG SPAC ecosystem, Baqar brings deep expertise in deal structuring and financial oversight.

Structure: The offering consists of 20 million units priced at $10.00. Each unit includes one Class A ordinary share and one-half (1/2) of one redeemable warrant (exercisable at $11.50). This structure is more traditional than IEAGU, providing additional leverage to IPO investors through a more generous warrant coverage. ThinkEquity acted as the sole book-running manager, with EarlyBirdCapital, Inc. serving as co-manager.

NEW SPAC IPOs
Jan 16: FGII – Fg Imperii Acquisition Corp $200M IPO
Jan 16: IEAG – Infinite Eagle Acquisition Corp. $300M IPO
Jan 14: OIM – Oneim Acquisition Corp. $250M IPO
Jan 09: ZKP – Lafayette Digital Acquisition Corp. I $250M IPO (+underwriter overallotment: $37.5M)
Jan 08: BBCQ – Bleichroeder Acquisition Corp. Ii $250M IPO (+underwriter overallotment: $37.5M)
Jan 07: SORN – Soren Acquisition Corp. $220M IPO (+underwriter overallotment: $33M)
Jan 06: ARTC – Art Technology Acquisition Corp. $220M IPO (+underwriter overallotment: $0M)
Jan 06: BIII – Black Spade Acquisition Iii Co $150M IPO (+underwriter overallotment: $22.5M)

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
3.6% ~ $ 11.18 | DTSQ – DT CLOUD STAR ACQUISITION CORP (Pre-Deal)
2.9% ~ $ 11.97 | CEPT – CANTOR EQUITY PARTNERS II INC (Announced)
1.6% ~ $ 11.78 | AEXA – AMERICAN EXCEPTIONALISM ACQUISITION CORP A (Pre-Deal)
1.6% ~ $ 11.99 | KVAC – KEEN VISION ACQUISITION CORP (Announced)
1.2% ~ $ 10.47 | CEPF – CANTOR EQUITY PARTNERS IV INC (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-18.7% ~ $ 46.01 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
-3.4% ~ $ 16.18 | ASPC – ASPAC III ACQUISITION CORP (Announced)
-2.9% ~ $ 10.54 | PELI – PELICAN ACQUISITION CORP (Announced)
-1.2% ~ $ 7.66 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
-.8% ~ $ 17.17 | CCCX – CHURCHILL CAPITAL CORP X (Announced)

LATEST SPAC IPO PERFORMANCE
Jan 16 | IEAG – Infinite Eagle Acquisition Corp.
Jan 14 | OIM – OneIM Acquisition Corp.
Jan 09 | $ 10.00 | ZKP – Lafayette Digital Acquisition Corp. I
Jan 08 | $ 10.06 | BBCQ – Bleichroeder Acquisition Corp. II
Jan 07 | $ 9.96 | SORN – Soren Acquisition Corp.
Jan 06 | $ 9.98 | ARTC – Art Technology Acquisition Corp.
Jan 06 | $ 10.02 | BIII – Black Spade Acquisition III Co
Dec 23 | $ 9.99 | SVAQ – Silicon Valley Acquisition Corp.
Dec 23 | $ 9.99 | SCPQ – Social Commerce Partners Corp
Dec 19 | $ 9.96 | BEBE – TGE Value Creative Solutions Corp
Dec 18 | $ 10.03 | VHCP – Vine Hill Capital Investment Corp. II
Dec 18 | $ 10.01 | LPCV – Launchpad Cadenza Acquisition Corp I
Dec 18 | $ 10.00 | ADAC – American Dynamism Acquisition Co
Dec 17 | $ 9.97 | IRHO – Iron Horse Acquisition Corp. II
Dec 17 | $ 10.27 | CCXI – Churchill Capital Corp XI

Recent Analysis

Daily SPAC Update – January 14, 2026

OneIM $250 Million SPAC IPO. New Deals Announced for Digital Asset Acquisition Corp + Old Glory Holding Co and D Boral Arc Acquisition I Corp + Exascale Labs Inc.

Daily SPAC Update – January 12, 2026

Ribbon Acquisition Extension Approved to 2027. Everest Consolidator and Clean Energy Special Situations Set Extension Votes. Crane Harbor II Separate Trading.

Daily SPAC Update – January 9, 2026

Lafayette Digital I $250 million IPO. Broad Capital and Ribbon Acquisition Extension Votes. Crane Harbor II and Twelve Seas III Separate Trading.

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