Two New SPAC IPOs as NewHold Investment IV and QuasarEdge Acquisition 2 Debut. Drugs Made in America Sets Extension Vote. TLGY Extension Vote.
SPAC IPO UPDATE
SPAC IPO Count
SPAC IPO: NEWHOLD INVESTMENT CORP IV (NHIV)
Ticker: NHIV
Size: $175 Million
Sponsor: NewHold Enterprises
NewHold Investment Corp IV priced its $175 million IPO today, marking the fourth blank-check outing for the NewHold Enterprises team. Led by Kevin Charlton, the firm has established a disciplined track record of targeting the industrial and manufacturing sectors. This latest vehicle arrives with a slightly larger capital base than its predecessors, signaling a move toward more substantial mid-market targets in an increasingly selective M&A environment.
Strategy: The team is laser-focused on the “industrial technology” ecosystem. Specifically, they are hunting for companies within manufacturing, logistics, and business services that are ripe for digital transformation. The mandate emphasizes EBITDA-positive firms with defensible market positions rather than speculative pre-revenue tech.
Leadership Team:
- Kevin Charlton (CEO): A veteran industrial investor with over 20 years of private equity experience. He served as Co-Chairman of NewHold Investment Corp II, which successfully merged with Laser Photonics.
- Nicholas J.S. Wood (CFO): Brings deep operational and financial expertise from the NewHold platform, having navigated the full lifecycle of multiple SPAC vehicles.
Structure: 17.5 million units at $10.00. Each unit consists of one share of common stock and one-half of one redeemable warrant. Stifel and Needham acted as joint book-runners.
SPAC IPO: QUASAREDGE ACQUISITION CORP (QRED)
Ticker: QRED (Units: QREDU)
Size: $100 Million
Sponsor: QuasarEdge Sponsor LLC
QuasarEdge Acquisition Corp officially scaled up its IPO to $100 million, a notable upsize from its initial $60 million filing. The move suggests strong appetite for the sponsor’s specialized focus on cross-border opportunities. While smaller than the average 2026 debut, the compact trust size is strategically positioned to target the “low-mid” market, where valuation gaps remain wider and competition from larger PE firms is less intense.
Strategy: QuasarEdge is casting a wide net across the Technology and Consumer sectors, with a particular emphasis on companies operating at the intersection of AI-driven logistics and e-commerce infrastructure. The sponsor has signaled a preference for targets with a nexus in Asia or North America that can benefit from global supply chain optimization.
Leadership Team:
- Lixin Kan (CEO & Chairman): A seasoned executive with extensive experience in international trade and cross-border finance.
- Dr. George J.S. Geng (Director): Provides deep technical and academic perspective, particularly in high-tech industrial applications.
Structure: 10 million units at $10.00. Each unit consists of one ordinary share and one right to receive one-fourth (1/4) of one ordinary share upon the consummation of an initial business combination. Using rights instead of warrants minimizes long-term dilution and avoids the “warrant overhang” that often complicates de-SPAC negotiations. D. Boral Capital LLC acted as the sole book-runner.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| Apr 15 | NHIV | NewHold Investment Corp IV | $175M |
| Apr 15 | QRED | QuasarEdge Acquisition Corp | $100M |
| 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
DMAA – Drugs Made In America Acquisition Corp * EXTENSION VOTE SET: Apr 27, 2026 * trust $10.52
EXTENSION VOTES
TLGYF – TLGY ACQUISITION CORP * vote -> extend to October 14, 2026
OTHER SPAC NEWS
BBCQ – BLEICHROEDER ACQUISITION CORP II * Investor Deck
CAEP – CANTOR EQUITY PARTNERS III INC * Investor Deck
IPEX – INFLECTION POINT ACQUISITION CORP V * Investor Deck
PGAC – PANTAGES CAPITAL ACQUISITION CORP * Merger Agreement Amendment
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)
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)
| Company | Ticker | Moves |
|---|---|---|
| ILLUMINATION ACQUISITION CORP I | ILLUU |
|
| SILICON VALLEY ACQUISITION CORP | SVAQ |
|
SPAC MOVERS
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | 28.2% | $ 51.80 | Announced |
| GENERAL PURPOSE ACQUISITION CORP | GPAC | 11.3% | $ 11.04 | Pre-Deal |
| WILLOW LANE ACQUISITION CORP | WLAC | 5.5% | $ 12.95 | Announced |
| ASPAC III ACQUISITION CORP | ASPC | 5.3% | $ 11.79 | Announced |
| ESH ACQUISITION CORP | ESHA | 4.2% | $ 12.81 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| K2 CAPITAL ACQUISITION CORP | KII | -1.0% | $ 9.89 | Pre-Deal |
| PALOMA ACQUISITION CORP I | PALO | -0.8% | $ 9.87 | Pre-Deal |
| ABONY ACQUISITION CORP I | AACO | -0.8% | $ 9.87 | Pre-Deal |
| WILLOW LANE ACQUISITION CORP II | WLII | -0.4% | $ 9.95 | Pre-Deal |
| FIGX CAPITAL ACQUISITION CORP | FIGX | -0.4% | $ 10.15 | Pre-Deal |