IB Acquisition Extension Vote. Vine Hill + CoinShares Deal Vote. 3 New SPAC IPOs. Xanadu and Greenland DeSPAC.
SPAC IPO UPDATE
SPAC IPO Count
SPAC IPO: QDRO ACQUISITION CORP. (QADR)
Ticker: QADR (Units: QADRU)
Size: $200 Million
Sponsor: Qadro Sponsor LLC (Michael Fox-Rabinovitz)
Qadro Acquisition Corp. priced its $200 million initial public offering on March 26, 2026, and hits the Nasdaq today. Led by veteran risk management expert Michael Fox-Rabinovitz, the vehicle is chasing the “wealthy self-directed investor” demographic. The sponsor’s thesis hinges on the digitizing of traditional asset management; they are hunting for legacy financial firms or ETF providers that require a technology infusion to capture the next generation of high-net-worth capital. By merging institutional risk rigor with digital-native infrastructure, Qadro seeks to bridge the gap between legacy Wall Street and the modern digital economy.
Strategy: The firm is targeting high-growth companies within financial services, digital currency, and fintech. The focus remains on targets that can leverage the management team’s deep background at Citi and JP Morgan to professionalize operations post-merger.
Leadership Team:
- Michael Fox-Rabinovitz (CEO): Current CIO and Partner at Chartwell Capital US LP with a career rooted in senior risk roles at top-tier global banks.
- Walter A. Bishop (CFO): A seasoned financial executive specializing in complex global financial operations and risk compliance.
Structure: 20 million units at $10.00. Each unit consists of one ordinary share and one-half (1/2) of one redeemable warrant. Cantor Fitzgerald & Co. acted as the sole book-runner.
SPAC IPO: FUTURE MONEY ACQUISITION CORP. (FMAC)
Ticker: FMAC (Units: FMACU)
Size: $100 Million
Sponsor: Future Wealth Capital Corp. (FutureMoney Group)
Future Money Acquisition Corp. priced its $100 million IPO on March 26, 2026, and begins trading on the Nasdaq today. Backed by FutureMoney Group, this vehicle is a concentrated bet on the “frontier tech” sectors of Web3, AI, and intelligent manufacturing. Despite the sponsor’s strong ties to the Asian market, the SPAC has explicitly pivoted its search away from China-based targets, focusing instead on global players. The smaller trust size suggests a disciplined approach, likely targeting a nimble technology leader where the sponsor’s digital asset expertise can be used as a strategic multiplier.
Strategy: Identifying industry leaders in Web3 and AI that possess proven core competencies and scalable business models. The objective is to act as a bridge between traditional capital markets and the emerging digital economy.
Leadership Team:
- Siyu Li (Chairman & CEO): Founder of FutureMoney Group and a veteran of the blockchain space, bringing significant experience in digital asset management.
- Steven Markscheid (CFO): A cross-border M&A specialist with a long track record of serving on public boards and guiding international entities through the listing process.
Structure: 10 million units at $10.00. Each unit includes one ordinary share and one-fifth (1/5) of a right to receive one ordinary share upon the completion of a business combination. D. Boral Capital LLC is the lead manager.
SPAC IPO: INFLECTION POINT ACQUISITION CORP. VI (IPFX)
Ticker: IPFX (Units: IPFXU)
Size: $220 Million
Sponsor: Inflection Point Management Group (Kingstown Capital Management)
Inflection Point Acquisition Corp. VI priced its $220 million IPO on March 26, 2026, and begins trading today. This marks the sixth vehicle for the Kingstown Capital-affiliated team, cementing their status as a “serial sponsor” with institutional staying power. The group’s credibility remains high following the successful merger of their first vehicle with space infrastructure giant Intuitive Machines (LUNR), a deal that demonstrated their ability to handle complex, high-stakes technology listings. IPFX looks to replicate this success by targeting companies with strong fundamentals and a clear “inflection point” for growth.
Strategy: Hunting for disruptive businesses in the consumer and technology sectors across North America and Europe. The team focuses on targets that benefit from the management’s combined expertise in retail branding and institutional capital markets.
Leadership Team:
- Michael Blitzer (CEO): Founder and co-CEO of Kingstown Capital Management. Blitzer is a veteran SPAC entrepreneur who led the Inflection Point/LUNR business combination.
- Paula Sutter (Executive Chairwoman): Former Global President of Diane von Furstenberg (DvF), she brings a deep understanding of consumer brand scaling and operational excellence.
Structure: 22 million units at $10.00. Each unit consists of one ordinary share and one-third (1/3) of one redeemable warrant. Cantor Fitzgerald & Co. served as the sole book-runner.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| Mar 27 | FMAC | Future Money Acquisition Corp | $100M |
| Mar 27 | IPFX | Inflection Point Acquisition Corp. VI | $220M |
| Mar 27 | QADR | QDRO Acquisition Corp. | $200M |
| Mar 20 | BWIV | Blue Water Acquisition Corp. IV | $125M $5M overallotment |
| Mar 19 | BHAV | BHAV ACQUISITION CORP | $100M |
DAILY SPAC UPDATE
SPAC VOTE RESULTS
IBAC – IB ACQUISITION CORP * Extend to Sep 28, 2026 * 731,741 redeemed * $7,888,168 removed * trust $10.78
EXTENSION VOTES
ATMC – ALPHATIME ACQUISITION CORP * vote March 27, 2026 -> extend from April 4, 2026 to December 4, 2026
MERGER VOTES
VCIC – Vine Hill Capital Investment Corp + CoinShares
CoinShares is a leading global digital asset manager that delivers a broad range of financial services across investment management, trading, and securities to a wide array of clients that include corporations, financial institutions, and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK, and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
OTHER SPAC NEWS
CGCT – CARTESIAN GROWTH CORP III * Merger Agreement Amendment
CEPO – CANTOR EQUITY PARTNERS I INC * Merger Agreement Amendment
NPAC – NEW PROVIDENCE ACQUISITION CORP III * Media Transcript
APAD – APARADISE ACQUISITION CORP * Media Transcript
UYSC – UY SCUTI ACQUISITION CORP * Vote Adjourned
HYAC – HAYMAKER ACQUISITION CORP 4 * Vote Postponed
DeSPAC: CHAC DeSPAC to Xanadu (XNDU)
Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development.
DeSPAC: PELI DeSPAC to Greenland Exploration Limited / March GL Company (GLND)
About Greenland Exploration Limited Greenland Exploration Limited is a Texas-based entity focused on developing strategic positions in North American energy assets. Through its partnerships and future acquisitions, Greenland aims to deliver long-term shareholder value in a dynamic and evolving energy market. About March GL Company March GL Company, a privately-owned Texas Corporation, entered into an agreement with 80 Mile for drilling to commence at the Jameson oil and gas basin in Greenland. March GL will fund 100% of the costs associated with up to two exploration wells which are designed to delineate the sedimentary structure and energy potential of the Jameson Land Basin. In return, March GL will earn through 80 Mile’s subsidiary company up to 70% interest of the entire basin. March GL Company will be appointed as Field Operations Manager. More information is available on its website www.MarchGL.com.
SEPARATE WARRANTS/RIGHTS
Mar 30: HENNESSY CAPITAL INVESTMENT CORP VIII (HCIC)
Mar 27: COLOMBIER ACQUISITION CORP III (CLBR)
Mar 27: ARMADA ACQUISITION CORP III (AACI)
| Company | Ticker | Moves |
|---|---|---|
| ALTENERGY ACQUISITION CORP | AEAE |
|
| METAL SKY STAR ACQUISITION CORP | MSSAF |
|
| SOULPOWER ACQUISITION CORP | SOUL |
|
SPAC MOVERS
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| VINE HILL CAPITAL INVESTMENT CORP | VCIC | 18.7% | $ 11.28 | Announced |
| VOYAGER ACQUISITION CORP | VACH | 5.3% | $ 12.21 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | 2.1% | $ 4.91 | Announced |
| ASPAC III ACQUISITION CORP | ASPC | 0.9% | $ 10.94 | Announced |
| OAKTREE ACQUISITION CORP III LIFE SCIENCES | OACC | 0.7% | $ 10.70 | Pre-Deal |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| HORIZON SPACE ACQUISITION II CORP | HSPT | -3.9% | $ 6.52 | Announced |
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | -3.3% | $ 26.22 | Announced |
| WILLOW LANE ACQUISITION CORP | WLAC | -1.8% | $ 10.86 | Announced |
| AMERICAN EXCEPTIONALISM ACQUISITION CORP A | AEXA | -1.5% | $ 10.86 | Pre-Deal |
| PERCEPTIVE CAPITAL SOLUTIONS CORP | PCSC | -1.3% | $ 10.81 | Pre-Deal |