Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

by | May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

 

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 12 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
Source: Boardroom Alpha
 

Daily SPAC Update

EXTENSION VOTES
GP-ACT III ACQUISITION CORP (GPAT) * vote May 12, 2026 -> extend from May 13, 2026 to November 13, 2026

SPAC EXTENSIONS
COLUMBUS ACQUISITION CORP (COLA) * Extension FilingColumbus issued a $100k extension note to WISeSat.Space to fund SPAC extensions; the note is convertible into units at $10 per unit.

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
IRON HORSE ACQUISITION II CORP (IRHO) * Investor Deck
CANTOR EQUITY PARTNERS III INC (CAEP) * Forward Purchase AgreementCantor Equity Partners III, Inc. announces a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination.
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.

 

SPAC Executive & Director Moves

SPAC Executive & Director Moves
Company Ticker Moves
HALL CHADWICK ACQUISITION CORP HCAC
  • Chris Dirckze resigned from the board of directors, compensation committee, and audit committee of Hall Chadwick Acquisition Corp, effective May 6, 2026.  (view source)
SHREYA ACQUISITION GROUP SAGU.U
  • 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
CANTOR EQUITY PARTNERS III INC CAEP 14.5% $ 12.56 Announced
HORIZON SPACE ACQUISITION II CORP HSPT 9.7% $ 8.61 Announced
RISING DRAGON ACQUISITION CORP RDAC 3.5% $ 8.26 Announced
COLUMBUS ACQUISITION CORP COLA 1.4% $ 10.74 Announced
OAKTREE ACQUISITION CORP III LIFE SCIENCES OACC 1.1% $ 10.73 Pre-Deal
 
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC -19.8% $ 11.52 Pre-Deal
VOYAGER ACQUISITION CORP VACH -13.5% $ 10.91 Announced
GENERAL PURPOSE ACQUISITION CORP GPAC -9.3% $ 10.98 Pre-Deal
GIGCAPITAL7 CORP GIG -4.8% $ 5.52 Announced
ASPAC III ACQUISITION CORP ASPC -2.4% $ 11.36 Announced
Source: Boardroom Alpha market data
 

Recent Analysis

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

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.

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