Daily SPAC: VACI-NorthStar, AIIR – May 18, 2026

by | May 18, 2026

Viking Acquisition Corp I (VACI) amended its NorthStar merger agreement, revising redemption timing and closing steps and clarifying tax treatment. Separately, CAEP completed its Air DeSPAC as AIIR. May MTD reached 11 SPAC IPOs / $1,775M through 18 days vs. 6 / $785M over the same span last month.

 

SPAC IPO Update

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 11•Prior: 16•MoM: -5
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
11
May ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 11 IPOs ($1.77B) vs. first 18 days of last month 6 ($785M) · 12-mo avg: 15.9/mo
 
 
New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
May 15 GUAC Berto Acquisition Corp. II $250M 100.0%
May 15 CLSO Energy Transition Special Opportunities $150M 100.5%
May 15 IDAC Iron Dome Acquisition I Corp. $150M 100.5%
May 15 PTAC Patriot Acquisition Corp./CI $200M 100.5%
May 14 GSRV GSR V Acquisition Corp. $200M 100.0%
May 13 BREZ Breeze Acquisition Corp. II $125M  $15M overallotment 100.2%
May 08 OTAI STARLINK AI ACQUISITION CORP $100M 100.5%
Source: Boardroom Alpha
 

Daily SPAC Update

SPAC DEAL & EXTENSION VOTES SET
Legato Merger Corp III (LEGT) * DEAL VOTE SET: June 4, 2026 * trust $11.08
Melar Acquisition Corp I (MACI) * EXTENSION VOTE SET: June 16, 2026 * trust $10.85

SPAC EXTENSIONS
TLGY ACQUISITION CORP (TLGYF) * Extension FilingExtended the initial business combination deadline to June 16, 2026. Sponsor deposited $10,000 into the trust to enable the extension.
BAYVIEW ACQUISITION CORP (BAYA) * Extension FilingBayview Acquisition Corp extended its deadline to June 19, 2026 by one month. The extension was funded with a $50,000 deposit.

DeSPACs
May 18 | CAEP DeSPAC → Air (AIIR)Air, headquartered in Dubai, specializes in social inhalation products and operates in over 90 markets globally. Its portfolio includes Al Fakher, a prominent hookah brand, Hookah.com, a leading B2B e-commerce platform for hookah and shisha in North America, and OOKA, a charcoal-free shisha device. The company collaborates with independent laboratories to develop products that blend traditional practices with modern technology.

SEPARATE WARRANTS/RIGHTS
May 20: RRE VENTURES ACQUISITION CORP (RREV)
May 19: VERNAL CAPITAL ACQUISITION CORP (VECA)
May 18: FUTURE MONEY ACQUISITION CORP (FMAC)
May 18: INFLECTION POINT ACQUISITION CORP VI (IPFX)
May 15: MAYWOOD ACQUISITION CORP 2 (MYX)

OTHER SPAC NEWS
QUARTZSEA ACQUISITION CORP (QSEA) * Merger Agreement
CANTOR EQUITY PARTNERS I INC (CEPO) * S-4 FiledForm S-4 filed for Cantor Equity Partners I‑led business combination; closing targeted for end of Q2 2026.
VIKING ACQUISITION CORP I (VACI) * Merger Agreement AmendmentAmendment revises redemption timing and closing steps for the Viking–NorthStar deal; clarifies tax treatment in the process.
ISRAEL ACQUISITIONS CORP (ISRLF) * Merger Agreement AmendmentIsrael Acquisitions Corp extends the business combination termination date with Gadfin to May 31, 2026.
LIVE OAK ACQUISITION CORP V (LOKV) * Media TranscriptTeamshares CEO discusses the Live Oak V SPAC merger and a tech-enabled SME platform. It outlines growth and governance focus.

SPAC DEALS ANNOUNCED
May 13 | Quartzsea Acquisition Corp (QSEA) + Eight Directions Technology LimitedEight 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 Executive & Director Moves

SPAC Executive & Director Moves
Company Ticker Moves
Breeze Acquisition Corp. II
  • On May 12, 2026, Charles M. Balch, Rick Baldwin, Michael J. Pine, and Anthony Przybyslawski were appointed to the board of directors of Breeze Acquisition Corp. II, with various committee assignments also disclosed.  (view source)
ROMAN DBDR ACQUISITION CORP II DRDB
  • On May 11, 2026, Michael Woods resigned as a director, and Hunter C. Gary was appointed as an independent director; on May 14, 2026, Dr. Donald G. Basile resigned as Chief Technology Officer, and Al Basseri was appointed as the new Chief Technology Officer.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha
 

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
RISING DRAGON ACQUISITION CORP RDAC 4.8% $ 8.96 Announced
QUETTA ACQUISITION CORP QETA 3.8% $ 11.94 Announced
D BORAL ARC ACQUISITION I CORP BCAR 3.4% $ 10.83 Announced
VOYAGER ACQUISITION CORP VACH 2.2% $ 10.36 Announced
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 2.0% $ 41.00 Announced
 
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC -28.0% $ 10.01 Pre-Deal
STONEBRIDGE ACQUISITION II CORP APAC -11.9% $ 10.10 Pre-Deal
HORIZON SPACE ACQUISITION II CORP HSPT -4.2% $ 8.60 Announced
ASPAC III ACQUISITION CORP ASPC -3.5% $ 11.12 Announced
GIGCAPITAL7 CORP GIG -2.8% $ 4.84 Announced
Source: Boardroom Alpha market data
 

Recent Analysis

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

Daily SPAC: SIMA, CAEP-Air Redemptions – 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.

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.

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