Daily SPAC Update – March 23, 2026

by | Mar 23, 2026

Cayson Extension Approved. Pelican + Greenland Exploration/March GL Deal Approved. Technology & Telecommunications Deal Vote.

SPAC IPO UPDATE

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 7•Prior: 27•MoM: -20
3
Mar ’25
12
Apr ’25
22
May ’25
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
7
Mar ’26
Source: Boardroom Alpha
New SPAC IPOs
DateTickerIssuerIPO Size
Mar 20BWIVBlue Water Acquisition Corp. IV$125M
Mar 19BHAVBHAV ACQUISITION CORP$100M
Mar 13PONOPONO CAPITAL FOUR INC$120M
Source: Boardroom Alpha

DAILY SPAC UPDATE

SPAC VOTE RESULTS
CAPN – CAYSON ACQUISITION CORP * Extend to Mar 23, 2027 * 2,541,908 redeemed
PELI – PELICAN ACQUISITION CORP * Deal Approved with Greenland Exploration Limited / March GL Company * 7,562,343 redeemed * $77,740,886 removed * trust $10.28

SPAC DEAL & EXTENSION VOTES SET
TETEF – Technology & Telecommunication Acquisition Corp * DEAL VOTE SET: Mar 30, 2026 * trust $13.15

SEPARATE WARRANTS/RIGHTS
Mar 27: ARMADA ACQUISITION CORP III (AACI)
Mar 23: NEWBRIDGE ACQUISITION LTD (NBRG)
Mar 23: MUZERO ACQUISITION CORP (TBD)
Mar 20: SPACE ASSET ACQUISITION CORP (SAAQ)
Mar 20: KRAKACQUISITION CORP (KRAQ)

OTHER SPAC NEWS
LEGT – LEGATO MERGER CORP III * Investor Deck
LEGT – LEGATO MERGER CORP III * Media Transcript
CEPO – CANTOR EQUITY PARTNERS I INC * Media Transcript

SPAC DEAL TERMINATIONS (Last 10 Days)
2026-03-17: QSEA + Zhejiang Gaokai New Materials Co

SPAC Executive & Director Moves
CompanyTickerMoves
FIFTH ERA ACQUISITION CORP IFERA
  • Gary Cookhorn resigned as a director effective March 17, 2026, and Donald Putnam was appointed as a director effective March 20, 2026.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
CompanyTickerChangePriceStage
AIMEI HEALTH TECHNOLOGY CO LTDAFJK 4.6%$ 27.50Announced
HORIZON SPACE ACQUISITION II CORPHSPT 1.2%$ 8.15Announced
GLOBA TERRA ACQUISITION CORPGTER 0.6%$ 10.26Pre-Deal
SILVERBOX CORP VSBXE 0.6%$ 10.03Pre-Deal
LIGHTWAVE ACQUISITION CORPLWAC 0.6%$ 10.19Pre-Deal
 
YESTERDAY’S TOP SPAC LOSERS
CompanyTickerChangePriceStage
PELICAN ACQUISITION CORPPELI -25.9%$ 7.54Announced
VOYAGER ACQUISITION CORPVACH -9.6%$ 10.50Announced
RISING DRAGON ACQUISITION CORPRDAC -8.9%$ 5.10Announced
TRAILBLAZER MERGER CORP ITBMC -3.8%$ 10.10Announced
GIGCAPITAL9 CORPGIX -2.6%$ 9.80Pre-Deal
Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC Update – March 20, 2026

Another Quantum DeSPAC as DMY becomes Horizon Quantum. Inflection Point III Increases PIPE. UY Scuti Moves Vote Again. Blue Water IV IPOs for $125 Million.

Daily SPAC Update – March 19, 2026

SPAC IPOs Slow as BHAV Acquisition’s IPO Makes it Only 6 for March. Integrated Wellness Extension and Voyager + Veraxa Biotech Deal Approved. Quartzsea Deal Terminated.

Daily SPAC Update – March 18, 2026

DMY Squared’s Quantum Deal Approved. Winvest Acquisition Extension Approved. Pelican Deal Vote Delayed. Alphatime Sets Extension Vote. Cayson Goes to Vote.

Daily SPAC Update – March 17, 2026

Harry You’s DMY Squared Deal Vote with Horizon Quantum Today. Pelican Acquisition Deal Vote. Abra and GNQ Insilico Deals Announced. Merlin DeSPAC.

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.