Two SPAC Deals as Sizzle Acquisition II + Trasteel Holdings and Investcorp AI + Blue Finance are Announced. Maywood II $100M IPO. 5 SPACs Set for Separate Trading This Week.
SPAC IPO UPDATE
SPAC IPO Count
SPAC IPO: MAYWOOD ACQUISITION CORP. 2
Ticker: MYX (Units: MYX.U)
Size: $100 Million
Sponsor: Maywood Management II
Maywood Acquisition Corp. 2 priced its $100 million initial public offering today, April 14, 2026, marking a quick return to the market for the Maywood team. This second vehicle follows the blueprint of its predecessor, aiming to capitalize on mid-market dislocations. While the $100 million trust is modest by historical standards, it aligns with the current trend of “right-sized” SPACs designed to execute more efficient, less dilutive mergers in a high-interest-rate environment.
Strategy: The management team is keeping its mandate broad, with a primary focus on technology-enabled sectors, business services, and consumer brands. Maywood intends to identify a target with an enterprise value between $300 million and $800 million, prioritizing companies with proven unit economics over speculative “moonshot” growth stories.
Leadership Team:
- James “Jim” Walker (CEO & Chairman): A veteran private equity executive with over 25 years of experience in middle-market restructuring and capital allocation.
- Sarah Cheng (CFO): Previously served as a senior finance executive at several Tier-1 investment banks, specializing in SPAC accounting and cross-border M&A.
Structure: 10 million units priced at $10.00. Each unit consists of one share of common stock and one-half (1/2) of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of common stock at $11.50. The 1/2 warrant coverage is a standard incentive structure for current $100M-tier issuances. Maxim Group LLC served as the lead book-running manager.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| Apr 14 | MYX | Maywood Acquisition Corp. 2 | $100M |
| Apr 07 | AACP | APOGEE ACQUISITION CORP | $150M $23M overallotment |
DAILY SPAC UPDATE
SPAC DEAL & EXTENSION VOTES SET
AEAE – Altenergy Acquisition Corp * EXTENSION VOTE SET: Apr 27, 2026 * trust $12.15
EXTENSION VOTES
CDAQ – COMPASS DIGITAL ACQUISITION CORP * vote April 14, 2026 -> extend from April 20, 2026 through July 20, 2026
SPAC DEALS ANNOUNCED
Apr 13 | SZZL – Sizzle Acquisition Corp II + Trasteel Holding S.A.
ABOUT Trasteel Holding S.A.
Trasteel was formed in 2009 and is currently owned by Giuseppe Mannina, Fratelli Cosulich Spa and Gianfranco Imperato. Over the past 17 years, Trasteel has evolved from a pure steel trading business into a dual business model combining trading operations (approximately 50% of sales) covering all the needs of the steel supply chain, including energy, with industrial steel transformation (approximately 50% of sales). The company operates in over 60 countries around the world across the steel value chain through steel and raw materials trading, steel related consumables trading, non-ferrous trading, energy trading and industrial transformation. It also trades alumina, silicon carbide, graphite, cassiterite, bauxite, copper, zinc, nickel, chromium, titanium, and tin. Trasteel’s industrial division owns a portfolio of 13 factories in 6 countries, and the company sells to over 4,000 customers worldwide.
Apr 13 | IVCAF – Investcorp AI Acquisition Corp + Blue Finance Technology Holding Limited
ABOUT Blue Finance Technology Holding Limited
Blue Finance, through its wholly owned subsidiary My Finance Club, builds and operates consumer- and merchant-facing digital finance platforms that provide personal finance tools, access to credit and installment financing, and embedded digital payments to help individuals and businesses manage money and transact online. Blue Finance is organized as a private Irish company limited by shares.
SEPARATE WARRANTS/RIGHTS
Apr 20: TRG LATIN AMERICA ACQUISITIONS CORP (TRGS)
Apr 16: BHAV ACQUISITION CORP (BHAV)
Apr 14: GALAXYEDGE ACQUISITION CORP (GLED)
Apr 14: METALS ACQUISITION CORP II (MTAL)
Apr 13: PALOMA ACQUISITION CORP I (PALO)
Apr 13: ABONY ACQUISITION CORP I (AACO)
OTHER SPAC NEWS
IVCAF – INVESTCORP AI ACQUISITION CORP * Merger Agreement
SVAC – SPRING VALLEY ACQUISITION CORP III * Media Transcript
RIBB – RIBBON ACQUISITION CORP * Vote Adjourned
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-04-08: Dynamix Corp. (NASDAQ: DYNX) + The Ether Reserve, LLC
Dynamix Corp. (NASDAQ: DYNX) and crypto-treasury firm The Ether Machine have mutually terminated their planned $1.6 billion merger, citing “unfavorable market conditions” as the primary driver for the deal’s collapse. Under the terms of the withdrawal effective April 8, an unnamed payor associated with the target must deliver a $50 million termination fee to Dynamix within 15 days. The payment provides a significant cash cushion for the blank-check firm, which currently carries a market capitalization of roughly $232 million, as it pivots to find a new acquisition target.
The cancellation marks a setback for what was slated to be one of the largest crypto-related public debuts, featuring a $1.5 billion PIPE financing commitment. While the deal’s dissolution voids associated subscription and support agreements, Dynamix’s leadership now faces a ticking clock; the special purpose acquisition company has until November 22, 2026, to finalize an alternative business combination.
SPAC MOVERS
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| WILLOW LANE ACQUISITION CORP | WLAC | 7.9% | $ 12.28 | Announced |
| DYNAMIX CORP | ETHM | 2.6% | $ 10.75 | Pre-Deal |
| HORIZON SPACE ACQUISITION II CORP | HSPT | 1.7% | $ 7.70 | Announced |
| VOYAGER ACQUISITION CORP | VACH | 1.1% | $ 12.25 | Announced |
| CHURCHILL CAPITAL CORP IX | CCIX | 1.0% | $ 10.81 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | -27.9% | $ 40.40 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | -10.8% | $ 5.79 | Announced |
| ASPAC III ACQUISITION CORP | ASPC | -4.5% | $ 11.19 | Announced |
| ALCHEMY INVESTMENTS ACQUISITION CORP 1 | ALCY | -1.1% | $ 11.86 | Announced |
| K2 CAPITAL ACQUISITION CORP | KII | -1.0% | $ 9.89 | Pre-Deal |