SPAC IPO Update
SPAC IPO Count
Month-to-date: 4 IPOs ($700M) vs. first 7 days of last month 2 ($350M) · 12-mo avg: 15.9/mo
Ticker: SAGU
Size: $100 Million
Sponsor: Shreya Acquisition Group
Shreya Acquisition Group has launched its $100 million IPO, marking its entry onto the SPAC stage. This new vehicle targets promising opportunities in the technology and healthcare sectors, leveraging the sponsor’s extensive network and expertise. The IPO is a strategic move to capitalize on burgeoning markets with significant growth potential.
Strategy: The SPAC aims to focus on tech-driven healthcare solutions, digital health platforms, and innovative medical technologies. The emphasis on these sectors aligns with global trends towards digital transformation and increased healthcare demand.
Leadership Team:
- Shreya Patel (Chairwoman & CEO): A seasoned entrepreneur with a track record in tech startups and healthcare innovations. Patel’s leadership is expected to drive the SPAC’s strategic vision.
- Raj Mehta (CFO): With a robust background in financial management and SPAC operations, Mehta plays a crucial role in steering the financial strategy of the group.
Structure: 10 million units at $10.00 each. Each unit consists of one share and one-half (1/2) of one warrant, providing investors with a balanced risk-reward profile. The offering is underwritten by top-tier investment banks, ensuring strong market confidence.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| May 07 | SAGU | Shreya Acquisition Group | $100M |
| May 06 | VECA | Vernal Capital Acquisition Corp. | $100M |
| May 01 | MTNE | CH4 NATURAL SOLUTIONS CORP | $300M |
| May 01 | QLEP | QUANTUM LEAP ACQUISITION CORP | $200M |
| Apr 30 | ARBC | ARC GROUP ACQUISITION I CORP | $105M $16M overallotment |
| Apr 30 | FTHA | FOREFRONT TECH HOLDINGS ACQUISITION CORP | $100M |
| Apr 30 | GCGR | GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP | $350M |
| Apr 30 | MCAH | MOUNTAIN CREST ACQUISITION 6 CORP | $60M |
| Apr 30 | RREV | RRE VENTURES ACQUISITION CORP | $250M |
| Apr 30 | WENC | WEST ENCLAVE MERGER CORP | $100M |
| Apr 29 | CAII | COLLECTIVE ACQUISITION CORP II | $220M |
| Apr 28 | CXII | CHURCHILL CAPITAL CORP XII | $360M $54M overallotment |
| Apr 28 | IACQ | IRENIC ACQUISITION CORP | $220M |
| Apr 28 | PLUN | PLUTONIAN ACQUISITION CORP II | $100M |
Daily SPAC Update
SPAC VOTE RESULTS
LEGATO MERGER CORP III (LEGT) * Extend to Aug 08, 2026 * 3,233,391 redeemed * $35,696,637 removed * trust $11.04
SPAC DEALS ANNOUNCED
May 05 | Drugs Made In America Acquisition Corp (DMAA) + Power Analytics Global Corp
ABOUT Power Analytics Global Corp
The company specializes in artificial intelligence, machine learning, and quantum-resistant data solutions, holding proprietary technologies like Quantum Safe “Power Pulse”.
MERGER VOTES
Gigcapital7 Corp (GIG) + Hadron Energy
Hadron is a pioneer in MMR technology. Designed to deliver 10 MW of power, Hadron’s MMR will be smaller, more cost-effective, and faster to deploy than other proposed MMR power solutions. The revolutionary design of Hadron’s MMR allows its reactor core and containment shell to be transportable in a shipping container, providing a versatile deployment model for end users. Whether powering an artificial intelligence data center, remote community, or an industrial hub, Hadron’s MMR is expected to provide a reliable, safe and scalable nuclear energy solution.
SPAC DEAL & EXTENSION VOTES SET
Cartesian Growth Corp Iii (CGCT) * DEAL VOTE SET: May 27, 2026 * trust $10.39
EXTENSION VOTES
SIM ACQUISITION CORP I (SIMA) * vote May 7, 2026 -> extend from July 11, 2026 to July 12, 2027
AQUARON ACQUISITION CORP (AQU) * vote May 7, 2026 -> extend from May 6, 2026 to May 6, 2027
SPAC EXTENSIONS
LEGATO MERGER CORP III (LEGT) * Extension FilingShareholders approved a three-month extension for Legato’s merger with Einride; extension funds deposited and redemptions reduce public float.
AIMEI HEALTH TECHNOLOGY CO LTD (AFJK) * Extension FilingAimei Health extends SPAC deadline to June 6, 2026 via extension payment and promissory note; note may convert to units.
AIMFINITY INVESTMENT CORP I (AIMAU) * Extension FilingSponsor extended the SPAC deadline to May 28, 2026 via two $500 monthly extensions. It also issued a convertible promissory note for up to $2,000, with $1,000 drawn, convertible into PubCo shares on closing.
EUREKA ACQUISITION CORP (EURK) * Extension FilingEureka extends its business combination deadline to June 3, 2026, funded by a $150,000 extension fee from Marine Thinking.
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-05-03: FSHP + Great Future Technology Inc
2026-04-30: ESHA + The Original Fit Factory, Ltd.
SEPARATE WARRANTS/RIGHTS
May 11: BLUE WATER ACQUISITION CORP IV (BWIV)
May 07: QUASAREDGE ACQUISITION CORP (QRED)
May 05: PONO CAPITAL FOUR INC (PONO)
OTHER SPAC NEWS
FUTURE VISION II ACQUISITION CORP (FVN) * Listing Rule NoticeNasdaq notified Future Vision II Acquisition of public-holders deficiency; plans to regain compliance by June 22, 2026.
HENNESSY CAPITAL INVESTMENT CORP VII (HVII) * Media TranscriptHVII to merge with ONE Nuclear; focus on gas-to-nuclear behind-the-meter power across multiple sites with near-term PPAs.
CANTOR EQUITY PARTNERS I INC (CEPO) * Media TranscriptBSTR outlines an actively managed Bitcoin treasury strategy within its Cantor-backed SPAC, aiming for Bitcoin per-share alpha.
GP-ACT III ACQUISITION CORP (GPAT) * Vote Adjourned
SPAC LIQUIDATIONS
ESH ACQUISITION CORP (ESHA) -> Liquidation on Apr 30
SPAC Executive & Director Moves
| Company | Ticker | Moves |
|---|---|---|
| EVOLUTION GLOBAL ACQUISITION CORP | EVOX |
|
| QUANTUM LEAP ACQUISITION CORP | QLEP.U |
|
SPAC Movers
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| WILLOW LANE ACQUISITION CORP | WLAC | 9.3% | $ 20.79 | Announced |
| APARADISE ACQUISITION CORP | APAD | 4.2% | $ 11.19 | Announced |
| D BORAL ARC ACQUISITION I CORP | BCAR | 2.5% | $ 10.71 | Announced |
| ARCHIMEDES TECH SPAC PARTNERS II CO | ATII | 2.1% | $ 10.83 | Announced |
| AMERICAN EXCEPTIONALISM ACQUISITION CORP A | AEXA | 1.6% | $ 11.36 | Pre-Deal |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| GIGCAPITAL7 CORP | GIG | -15.9% | $ 7.00 | Announced |
| GENERAL PURPOSE ACQUISITION CORP | GPAC | -14.0% | $ 9.94 | Pre-Deal |
| STONEBRIDGE ACQUISITION II CORP | APAC | -7.3% | $ 10.27 | Pre-Deal |
| CANTOR EQUITY PARTNERS II INC | CEPT | -6.0% | $ 11.66 | Announced |
| JATT II ACQUISITION CORP | TBD | -3.8% | $ 10.51 | Pre-Deal |