Daily SPAC Update – May 11, 2026

by | May 11, 2026

SPAC IPO Update

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 5•Prior: 16•MoM: -11
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
5
May ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 5 IPOs ($700M) vs. first 11 days of last month 2 ($350M) · 12-mo avg: 15.9/mo
 
 
New SPAC IPOs
Date Ticker Issuer IPO Size
May 08 OTAI Starlink AI Acquisition Corp $100M
May 07 SAGU Shreya Acquisition Group $100M  $10M overallotment
May 06 VECA Vernal Capital Acquisition Corp. $100M
May 01 MTNE CH4 NATURAL SOLUTIONS CORP $200M  $20M overallotment
May 01 QLEP QUANTUM LEAP ACQUISITION CORP $200M
Source: Boardroom Alpha
 

Daily SPAC Update

SPAC VOTE RESULTS
GIGCAPITAL7 CORP (GIG) * Deal Approved with Hadron Energy

SPAC DEAL & EXTENSION VOTES SET
Rising Dragon Acquisition Corp (RDAC) * EXTENSION VOTE SET: May 28, 2026 * trust $10.63

SPAC DEAL TERMINATIONS (Last 10 Days)
2026-05-03: FSHP + Great Future Technology Inc

SEPARATE WARRANTS/RIGHTS
May 11: BLUE WATER ACQUISITION CORP IV (BWIV)

OTHER SPAC NEWS
FLAG SHIP ACQUISITION CORP (FSHP) * Non-Binding LOIFlag Ship enters exclusive 90-day LOI with Bluechip for a potential business combination, subject to due diligence.
SPRING VALLEY ACQUISITION CORP III (SVAC) * Media TranscriptGeneral Fusion outlines LM26 milestones and a Spring Valley de-SPAC to pursue commercial fusion power.
ALCHEMY INVESTMENTS ACQUISITION CORP 1 (ALCY) * DelistingNasdaq delists Alchemy SPAC after failing to complete a business combination; OTC trading begins May 14, 2026.
APARADISE ACQUISITION CORP (APAD) * Trust Update * trust $10.28

 

SPAC Executive & Director Moves

SPAC Executive & Director Moves
Company Ticker Moves
CANTOR EQUITY PARTNERS II INC CEPT
  • Dr. Mukesh Prasad was appointed as a member of the Board of Directors and as a member of the audit and compensation committees effective May 8, 2026.  (view source)
Shreya Acquisition Group
  • On May 8, 2026, Sanjeev Sharma, Sagar Ravi Bhavsar, and Andre Chung Shui were appointed as independent directors of the company.  (view source)
STONEBRIDGE ACQUISITION II CORP APAC
  • On May 8, 2026, Richard Saldanha resigned from the Board of Directors of StoneBridge Acquisition II Corporation, effective immediately.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha
 

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC 37.1% $ 14.37 Pre-Deal
GENERAL PURPOSE ACQUISITION CORP GPAC 10.9% $ 12.10 Pre-Deal
CANTOR EQUITY PARTNERS III INC CAEP 5.2% $ 10.97 Announced
RISING DRAGON ACQUISITION CORP RDAC 4.6% $ 7.98 Announced
CANTOR EQUITY PARTNERS II INC CEPT 4.3% $ 11.97 Announced
 
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GIGCAPITAL7 CORP GIG -13.9% $ 5.80 Announced
AIMEI HEALTH TECHNOLOGY CO LTD AFJK -5.9% $ 42.67 Announced
VOYAGER ACQUISITION CORP VACH -3.0% $ 12.61 Announced
GRAF GLOBAL CORP GRAF -0.9% $ 10.78 Pre-Deal
HORIZON SPACE ACQUISITION II CORP HSPT -0.7% $ 7.85 Announced
Source: Boardroom Alpha market data
 

Recent Analysis

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

Daily SPAC Update – May 7, 2026

Shreya Acquisition Group (SAGU) launched its $100 million IPO today, marking the fourth SPAC IPO this month. Meanwhile, Legato Merger Corp III (LEGT) secured a three-month extension for its merger, with over $35 million redeemed. Additionally, Gigcapital7 Corp (GIG) holds a merger vote today with Hadron Energy, a leader in modular nuclear technology.

Daily SPAC Update – May 6, 2026

Vernal Capital Acquisition Corp. (VECA) IPO’d today, raising $100 million. This brings the month-to-date total to 3 IPOs, totaling $600 million. Drugs Made in America inks $1B AI deal.

Daily SPAC Update – May 5, 2026

APARADISE ACQUISITION CORP (APAD) and WILLOW LANE ACQUISITION CORP (WLAC) both secured deal approvals today, with APAD reporting 19.6M shares redeemed. Additionally, FSHP terminated its merger with Great Future Technology Inc, marking one of the few deal terminations in recent weeks.

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