Daily SPAC Update – May 4, 2026

by | May 4, 2026

SPAC IPO Update

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 2•Prior: 16•MoM: -14
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
11
Mar ’26
16
Apr ’26
2
May ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 2 IPOs ($500M) · 12-mo avg: 15.9/mo

Daily SPAC Update

SPAC VOTE RESULTS
ALTENERGY ACQUISITION CORP (AEAE) * Extend to May 03, 2027 * 2,719 redeemed * $32,971 removed * trust $12.13
DRUGS MADE IN AMERICA ACQUISITION CORP (DMAA) * Extend to Apr 29, 2027 * 9,440,230 redeemed * $99,311,220 removed * trust $10.52

SPAC DEALS ANNOUNCED
May 01 | Blueport Acquisition Ltd (BPAC) + SingAuto Inc

ABOUT SingAuto Inc
Headquartered in Singapore, SingAuto is a global innovator in green cold-chain logistics technology solutions. Starting with new energy refrigerated vehicles for the cold-chain logistics industry, the company has developed an integrated cold-chain platform that meets the demand of different markets.

May 01 | Galaxyedge Acquisition Corp (GLED) + Rongcheng Group Limited

ABOUT Rongcheng Group Limited
Rongcheng is an integrated waste sorting service provider delivering end-to-end “consultation–implementation–training” solutions. Headquartered in Hong Kong, Rongcheng leverages a network of local consulting and recycling partners, alongside AI-powered sorting technology, to offer integrated policy advisory, advertising advisory, and project execution.

SEPARATE WARRANTS/RIGHTS
May 05: PONO CAPITAL FOUR INC (PONO)

OTHER SPAC NEWS
GALAXYEDGE ACQUISITION CORP (GLED) * Merger Agreement

SIM ACQUISITION CORP I (SIMA) * Vote PostponedSIM Acquisition Corp. I delays meeting to extend the combination deadline to 2027; redemption deadline moved to May 5, 2026.
GIGCAPITAL7 CORP (GIG) * Voting AgreementGigCapital7 secured Non-Redemption Agreements preventing redemptions on 1.8 million shares (cap 9.99%), ahead of the May 7, 2026 vote. It also requires disclosure if more favorable terms are offered to other investors.
SPRING VALLEY ACQUISITION CORP III (SVAC) * Media TranscriptGeneral Fusion to merge with SVAC III to go public. LM26 milestones targeted by 2028, backed by PIPE financing.
CCIS Acquisition Corp * Registration Withdrawn

LIVE OAK ACQUISITION CORP V (LOKV) * Media TranscriptTeamshares outlines its employee-ownership acquisitions and Live Oak SPAC path to a public listing.

SPAC Executive & Director Moves

SPAC Executive & Director Moves
Company Ticker Moves
ARCHIMEDES TECH SPAC PARTNERS III CO ARCI
  • On April 28, 2026, Long Long resigned as CEO of Archimedes Tech SPAC Partners III Co., and Ben Landen was appointed as the new CEO, while continuing as Chief Technology Officer.  (view source)
BLEICHROEDER ACQUISITION CORP II BBCQ
  • On April 29, 2026, Andrew Gundlach transitioned from President and CEO to Executive Chairman of the Board, and Marcello Padula was appointed as the new Chief Executive Officer.  (view source)
RRE Ventures Acquisition Corp.
  • On April 29, 2026, James Gertler, Bruce Bernstein, Dan Galpern, Kendrick Meek, Brian Daly, and Robert S. Mancini were appointed to the Company’s Board of Directors; Bruce Bernstein, Brian Daly, and Dan Galpern were also appointed to the Audit Committee, and Robert S. Mancini and Kendrick Meek to the Compensation Committee.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC 23.7% $ 12.33 Pre-Deal
STONEBRIDGE ACQUISITION II CORP APAC 11.7% $ 11.27 Pre-Deal
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 5.7% $ 46.18 Announced
JATT II ACQUISITION CORP TBD 4.2% $ 10.94 Pre-Deal
APARADISE ACQUISITION CORP APAD 4.1% $ 10.65 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
RISING DRAGON ACQUISITION CORP RDAC -12.9% $ 9.29 Announced
HORIZON SPACE ACQUISITION II CORP HSPT -5.9% $ 8.70 Announced
PERCEPTIVE CAPITAL SOLUTIONS CORP PCSC -1.2% $ 11.17 Pre-Deal
SPRING VALLEY ACQUISITION CORP IV SVIV -0.8% $ 9.95 Pre-Deal
VOYAGER ACQUISITION CORP VACH -0.6% $ 12.72 Announced
Source: Boardroom Alpha market data

Recent Analysis

Weekly Boardroom & Executive Moves: May 1, 2026

This week, significant leadership changes occurred across several companies facing financial difficulties. Abbott Laboratories (ABT) and Agilon Health Inc (AGL) appointed new board members and executives amidst high activist risks and declining TSRs. Accuray Inc (ARAY) and ALT5 Sigma Corp (ALTS) also saw key executive departures and appointments as they navigate substantial TSR declines. These shifts highlight the ongoing challenges and strategic redirections needed to stabilize operations and improve shareholder value.

Daily SPAC Update – May 1, 2026

Two SPAC IPOs launched today, raising a total of $500 million. CH4 Natural Solutions Acquisition Corp (MTNE) secured $300 million, while Quantum Leap Acquisition Corp (QLEP) raised $200 million. Today, 2 SPAC IPOs raised $500M, led by CH4 Natural Solutions (MTNE) at $300M. This follows a surge of activity at the end of April.

Daily SPAC Update – April 30, 2026

Today, six SPACs debuted, raising a total of $965 million. General Catalyst Global Resilience Merger Corp (GCGR) led the pack with $350 million, followed by RRE Ventures Acquisition Corp. (RREV) at $250 million. Month-to-date, SPAC IPOs total 16, bringing in $2.65 billion, compared to 11 IPOs last month that raised $1.72 billion.

Daily SPAC Update – April 29, 2026

Collective Acquisition Corp. II (CAII) launched its $220 million IPO today, targeting high-potential sectors like technology and healthcare. In executive moves, Roger Bendelac was appointed CEO of both Drugs Made in America Acquisition Corp (DMAA) and Drugs Made in America Acquisition II Corp (DMII), with Saleem Elmasri as CFO. Meanwhile, General Purpose Acquisition Corp (GPAC) saw a significant decline of 22.9%, closing at $9.96, while Aimei Health Technology Co Ltd (AFJK) gained 2.7% to $46.12.

Daily SPAC Update – April 28, 2026

SPAC IPOs Look Stalled Again as Irenic’s $220M IPO Only Makes it Seven. Miluna Acquisition + CADV.AI Deal. Prophyte Extension Vote to Add 12 More Months.

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