Daily SPAC Update – March 25, 2026

by | Mar 25, 2026

Relativity Acquisition (RACY) + Instinct Brothers Deal Vote Today. UY Scuti Extension Vote. Oak Woods Delisting. Haymaker Redemption Agreement.

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
Source: Boardroom Alpha

DAILY SPAC UPDATE

MERGER VOTES
RACY – Relativity Acquisition Corp + Instinct Brothers Co., Ltd.
Instinct Brothers is a vertically integrated Japanese company specializing in stem cell technology and regenerative medicine, encompassing research and development, manufacturing, distribution, retail, and clinical applications. Founded in 2017, Instinct Brothers is led by industry expert Tomoki Nagano, Group Chairman and Chief Executive Officer, an industry expert with a vision to drive innovation in regenerative medicine. The Company’s mission is to advance stem cell science, enhance patient outcomes, and pioneer the next generation of stem cell-based therapies.

EXTENSION VOTES
UYSC – UY SCUTI ACQUISITION CORP * Vote March 26, 2026 (previously adjourned) -> extend from April 1, 2026 to October 1, 2026

OTHER SPAC NEWS
OAKU – OAK WOODS ACQUISITION CORP * Delisting
CGCT – CARTESIAN GROWTH CORP III * Investor Deck
ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 * PIPE Update
HSPT – HORIZON SPACE ACQUISITION II CORP * PIPE Update
HYAC – HAYMAKER ACQUISITION CORP 4 * Voting Agreement
NPAC – NEW PROVIDENCE ACQUISITION CORP III * Media Transcript

SPAC Executive & Director Moves
CompanyTickerMoves
METAL SKY STAR ACQUISITION CORPMSSAF
  • On March 18, 2026, Mr. Kin Sze resigned from his position as Chief Financial Officer of Metal Sky Star Acquisition Corporation.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
CompanyTickerChangePriceStage
PELICAN ACQUISITION CORPPELI 17.4%$ 9.33Announced
VOYAGER ACQUISITION CORPVACH 8.8%$ 10.99Announced
TRAILBLAZER MERGER CORP ITBMC 4.8%$ 11.11Announced
IB ACQUISITION CORPIBAC 2.4%$ 11.00Announced
CANTOR EQUITY PARTNERS II INCCEPT 2.0%$ 11.04Announced
 
YESTERDAY’S TOP SPAC LOSERS
CompanyTickerChangePriceStage
RISING DRAGON ACQUISITION CORPRDAC -3.6%$ 4.85Announced
HORIZON SPACE ACQUISITION II CORPHSPT -3.4%$ 7.90Announced
AIMEI HEALTH TECHNOLOGY CO LTDAFJK -3.3%$ 26.22Announced
SILVERBOX CORP VSBXE -1.2%$ 9.91Pre-Deal
AMERICAN EXCEPTIONALISM ACQUISITION CORP AAEXA -1.2%$ 11.07Pre-Deal
Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC Update – March 24, 2026

DeSPAC for Pelican + Greenland Exploration/March GL Expected Today. Goldenstone Extension Approved. Technology & Teleccomunications Deal Vote Set.

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.

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