Daily SPAC: SIMA, CAEP-Air Redemptions – May 14, 2026

by | May 14, 2026

SIM Acquisition I (SIMA) lost $242M from trust on its extension approval to Jul. 12, 2027, and Cantor Equity Partners III (CAEP) cleared its Air deal after $234M in redemptions. Separately, GSR V Acquisition (GSRV) priced a $200M IPO, taking May MTD to 7 SPAC IPOs / $1,025M through 14 days.

SPAC IPO Update

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 7•Prior: 16•MoM: -9
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
7
May ’26
Source: Boardroom Alpha
IPO Activity Snapshot1 SPAC IPO today raising $200M · GSRV ($200M)
Month-to-date: 7 IPOs ($1.02B) vs. first 14 days of last month 3 ($450M) · 12-mo avg: 15.9/mo

SPAC IPO: GSR V Acquisition Corp. (GSRV)
Ticker: GSRV (Units: GSRVU) · Size: $200M · Sponsor: GSR V Sponsor LLC

GSR V Acquisition Corp. priced its $200M IPO on May 13, 2026, and trades on Nasdaq under the symbol GSRVU. The SPAC, led by Gus Garcia and Lewis Silberman, aims to target companies with financial stability and leading market positions. The unit structure includes one Class A ordinary share and one-seventh of a right.

Leadership:

  • Anantha Ramamurti (CFO, Director): Previously CFO of GSR III, which combined with Terra Innovatum.
  • Gus Garcia (CEO, Director): Former Head of SPAC M&A at Bank of America Merrill Lynch.
  • Lewis Silberman (CEO, Director): Managed SPAC IPOs at Oppenheimer & Co. Inc.
  • Jody J Sitkoski (Director)
  • Jonathan Richard Cole (Director)

Structure: 20M units at $10.00. Each unit = one ordinary share + 1/7th of one right. Polaris Advisory Partners and The Benchmark Company acted as joint bookrunners.

New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
May 14 GSRV GSR V Acquisition Corp. $200M 100.0%
May 13 BREZ Breeze Acquisition Corp. II $125M 100.2%
May 08 OTAI STARLINK AI ACQUISITION CORP $100M 100.5%
May 07 SAGU SHREYA ACQUISITION GROUP $100M  $10M overallotment 100.0%
May 06 VECA VERNAL CAPITAL ACQUISITION CORP $100M 100.5%
Source: Boardroom Alpha

Daily SPAC Update

SPAC VOTE RESULTS
SIM ACQUISITION CORP I (SIMA) * Extend to Jul 12, 2027 * 22,447,232 redeemed * $242,205,633 removed * trust $10.79
AQUARON ACQUISITION CORP (AQU) * Extend to May 06, 2027
CANTOR EQUITY PARTNERS III INC (CAEP) * Deal Approved with Air * 22,373,640 redeemed * $233,804,538 removed * trust $10.45

SPAC DEALS ANNOUNCED
May 13 | Quartzsea Acquisition Corp (QSEA) + Eight Directions Technology Limited

Eight Directions Technology Limited operates through its subsidiary in Los Angeles, providing customized disposable products, particularly PET cups, lids, and related packaging. It utilizes vertically integrated material sourcing and automated production systems to ensure quality and efficiency. The company serves brand owners, distributors, and foodservice operators, offering both standard and customized solutions to meet market demands.

SPAC DEAL & EXTENSION VOTES SET
Fg Merger Ii Corp (FGMC) * DEAL VOTE SET: Jun 09, 2026 * trust $10.27
M3-Brigade Acquisition V Corp (MBAV) * DEAL VOTE SET: Jun 15, 2026 * trust $10.74

SPAC EXTENSIONS
FUTURE VISION II ACQUISITION CORP (FVN) * Extension FilingSponsor funds SPAC extension via unsecured note to June 13, 2026; note may convert into units.
AQUARON ACQUISITION CORP (AQU) * Extension FilingStockholders approved monthly extensions to complete a business combination and a trust amendment; issued a $4,000 promissory note to Huture.

SEPARATE WARRANTS/RIGHTS
May 18: INFLECTION POINT ACQUISITION CORP VI (IPFX)
May 15: MAYWOOD ACQUISITION CORP 2 (MYX)
May 11: BLUE WATER ACQUISITION CORP IV (BWIV)

OTHER SPAC NEWS
FG MERGER II CORP (FGMC) * Merger Agreement AmendmentFGMC and BOXABL amend the merger lock-ups; staged releases tied to price milestones with $20 triggers.
LIVE OAK ACQUISITION CORP V (LOKV) * Merger Agreement AmendmentLive Oak and Teamshares amend the merger agreement to implement liquidation preference elections; economic terms unchanged.
IRIS ACQUISITION CORP II (IRAB) * Non-Binding LOIIris Acquisition Corp II terminates its non-binding LOI with Freedom Metals for a potential business combination.
GP-ACT III ACQUISITION CORP (GPAT) * Voting AgreementInvestors sign non-redemption agreements to back extensions and trust amendments, pledging votes and no redemptions; sponsor to transfer shares.

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
GIGCAPITAL7 CORP GIG 17.6% $ 5.61 Announced
HORIZON SPACE ACQUISITION II CORP HSPT 15.9% $ 8.81 Announced
GENERAL PURPOSE ACQUISITION CORP GPAC 4.4% $ 11.35 Pre-Deal
COLUMBUS ACQUISITION CORP COLA 2.8% $ 11.05 Announced
AMERICAN EXCEPTIONALISM ACQUISITION CORP A AEXA 2.6% $ 11.70 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
VOYAGER ACQUISITION CORP VACH -13.2% $ 10.63 Announced
AIMEI HEALTH TECHNOLOGY CO LTD AFJK -3.1% $ 41.15 Announced
STONEBRIDGE ACQUISITION II CORP APAC -2.0% $ 11.43 Pre-Deal
CANTOR EQUITY PARTNERS III INC CAEP -1.1% $ 11.98 Announced
BLEICHROEDER ACQUISITION CORP II BBCQ -0.8% $ 10.36 Announced
Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – 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.

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.

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