RF Acquisition III and Willow Lane II IPO. Goal Acquisitions and Inception Growth SPAC Extensions Approved. Haymaker 4 and Inflection Point IV Set Deal Votes for March. Aura Fat Projects LOI.

Boardroom Alpha SPAC Resources
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

SPAC IPO UPDATE

SPAC IPO: RF Acquisition Corp III (RFAM)
Ticker: RFAM (Units: RFAMU) Size: $100 Million Sponsor: RF Dynamic LLC

RF Acquisition Corp III priced its $100 million IPO on February 12, 2026, and hits the Nasdaq today. This is the third vehicle from the Singapore-based RF Acquisition team, marking a rapid-fire expansion of their SPAC franchise. The launch comes on the heels of significant momentum: their first vehicle, RF Acquisition Corp., successfully closed its merger with GCL Global Holdings in February 2025, while their second, RF Acquisition Corp II, is currently working toward a combination with Nanyang Biologics. The sponsor’s ability to recycle capital and maintain a deal pipeline in the Southeast Asian corridor remains a key differentiator.

Strategy: The SPAC is targeting high-growth “new economy” sectors within Southeast Asia, with a specific focus on deep technology, artificial intelligence, quantum computing, and biotechnology. Notably, the charter explicitly excludes targets with principal operations in Greater China, focusing instead on the burgeoning tech hubs of Singapore and neighboring ASEAN markets.

Leadership Team:

• Tse Meng Ng (Chairman & CEO): A veteran financier and co-founder of Ruifeng Wealth Management. Ng has a proven SPAC track record, having led both prior RF vehicles through their respective IPO and de-SPAC phases.
• Chee Soon Tham (CFO): A seasoned financial executive and director who serves as a core pillar across the RF Acquisition platform.

Structure: 10 million units at $10.00. Each unit consists of one ordinary share and one right to receive one-tenth (1/10) of an ordinary share upon the completion of a business combination. By utilizing rights rather than traditional warrants, the sponsor seeks to minimize long-term dilution and derivative accounting volatility—a structure that has become the signature of the RF brand. EarlyBirdCapital, Inc. acted as the sole book-runner.

SPAC IPO: Willow Lane Acquisition Corp. II (WLII)
Ticker: WLII (Units: WLIIU) Size: $125 Million Sponsor: Willow Lane Sponsor, LLC

Willow Lane Acquisition Corp. II priced its $125 million IPO on February 12, 2026, and begins trading today. This second effort from Luke Weil follows the success of Willow Lane Acquisition Corp. I, which reached a 25% premium over its offer price following its announced merger with cloud provider Boost Run in late 2025. Weil is a prolific SPAC veteran, having previously steered multiple Andina Acquisition vehicles to successful exits, including the 2018 combination with Lazydays Holdings. This launch signals a “strike while the iron is hot” approach, leveraging the recent performance of his first Willow Lane vehicle to attract institutional interest.

Strategy: The team is hunting for established middle-market companies (valuation under $1 billion) with positive EBITDA and sustainable cash flows. While the mandate is broad, the primary focus lies in consumer goods, gaming and leisure, and industrial manufacturing—sectors where the management team holds deep operational and transactional roots.

Leadership Team:

• B. Luke Weil (Chairman & CEO): An experienced SPAC operator and former investment banker at Bear Stearns. Weil previously served as head of international business development for Scientific Games Corp. in Latin America.
• George Peng (CFO): Brings extensive financial management and capital markets experience to the platform.
• Marjorie (Maya) Hernandez (COO): An operational expert focused on identifying niche market leaders for the combination pipeline.

Structure: 12.5 million units at $10.00. Each unit consists of one Class A ordinary share and one-fourth (1/4) of one redeemable warrant, exercisable at $11.50. The lean warrant coverage is a nod to the sponsor’s track record, offering enough “sweetener” to attract yield-seekers without overburdening the post-merger capital structure. BTIG, LLC acted as the sole book-runner.

NEW SPAC IPOs
Feb 13: WLII – Willow Lane Acquisition Corp. II $125M IPO
Feb 13: RFAM – Rf Acquisition Corp III $100M IPO
Feb 12: HACQ – Hcm Iv Acquisition Corp. $250M IPO
Feb 12: XFLH – Xflh Capital Corp $100M IPO
Feb 12: PAAC – Proem Acquisition Corp. I $130M IPO
Feb 11: IACO – Idea Acquisition Corp. $350M IPO
Feb 11: CMII – Columbus Circle Capital Corp II $200M IPO
Feb 11: TMTS – Spartacus Acquisition Corp. II $200M IPO
Feb 11: DBCA – D. Boral Acquisition I Corp. $250M IPO
Feb 10: SVIV – Spring Valley Acquisition Corp. IV $200M IPO
Feb 06: SSAC – Spacsphere Acquisition Corp. $150M IPO (+underwriter overallotment: $22.5M)
Feb 06: CAQ – Cambridge Acquisition Corp. $200M IPO (+underwriter overallotment: $30M)
Feb 05: CEPS – Cantor Equity Partners Vi, Inc. $100M IPO (+underwriter overallotment: $15M)
Feb 05: HCIC – Hennessy Capital Investment Corp. VIII $210M IPO (+underwriter overallotment: $31.5M)
Feb 04: CLBR – Colombier Acquisition Corp. III $260M IPO (+underwriter overallotment: $39M)
Feb 03: IRAB – Iris Acquisition Corp II $150M IPO (+underwriter overallotment: $18.5M)

DAILY SPAC UPDATE

SPAC VOTE RESULTS
PUCK – GOAL ACQUISITIONS CORP * Extend to Jul 31, 2027 * 17,779 redeemed * $204,082 removed * trust $576,053
IGTA – INCEPTION GROWTH ACQUISITION LTD * Extend to Aug 13, 2026 * 13,851 redeemed
CCCX – CHURCHILL CAPITAL CORP X * Deal Approved with Infleqtion * 37,821 redeemed * $388,422 removed * trust $10.27

EXTENSION VOTES
HSPT – HORIZON SPACE ACQUISITION II CORP * vote February 13, 2026 -> extend from February 18, 2026 to February 18, 2027

SPAC DEAL & EXTENSION VOTES SET
HYAC – Haymaker Acquisition Corp 4 * DEAL VOTE SET: Mar 13, 2026 * trust $11.46
BACQ – Inflection Point Acquisition Corp IV * DEAL VOTE SET: Mar 12, 2026 * trust $10.52

OTHER SPAC NEWS
AFAR – AURA FAT PROJECTS ACQUISITION CORP * Non-Binding LOI

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
7.1% ~ $ 11.48 | HSPT – HORIZON SPACE ACQUISITION II CORP (Announced)
2.5% ~ $ 5.84 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
1.2% ~ $ 14.07 | PCSC – PERCEPTIVE CAPITAL SOLUTIONS CORP (Pre-Deal)
.6% ~ $ 11.56 | QETA – QUETTA ACQUISITION CORP (Pre-Deal)
.6% ~ $ 12.18 | ESHA – ESH ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.9% ~ $ 13.22 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
-3.2% ~ $ 12.47 | ASPC – ASPAC III ACQUISITION CORP (Announced)
-2.7% ~ $ 10.63 | TVA – TEXAS VENTURES ACQUISITION III CORP (Pre-Deal)
-2.3% ~ $ 11.24 | AEXA – AMERICAN EXCEPTIONALISM ACQUISITION CORP A (Pre-Deal)
-2.0% ~ $ 11.03 | WLAC – WILLOW LANE ACQUISITION CORP (Announced)