Last updated:
The Boardroom Alpha DeSPAC Tracker is a continuously updated record of completed SPAC business combinations, refreshed daily. It covers monthly and trailing-12-month close volume, average redemption rates, days from announcement to close, every DeSPAC closed in the last 90 days, and the current pipeline of announced-but-not-yet-closed deals.
- 3 SPAC DeSPACs closed in May 2026 representing $0.0M in deal value.
- 2026 year-to-date DeSPAC closes total 14 representing $0.0M in cumulative deal enterprise value.
- 41 SPAC DeSPACs have closed in the trailing 12 months ending , representing $1.28B in deal value.
- SPAC deals took an average of 340 days from announcement to close over the trailing 12 months.
- 114 SPACs sit in the announced-not-closed pipeline as of .
DeSPAC Closes
Monthly completed DeSPACs (last 13 months)
Latest: 3•Prior: 1•MoM: +2
4
Apr ’25
2
May ’25
7Peak
Jun ’25
4
Jul ’25
4
Aug ’25
4
Sep ’25
4
Oct ’25
0
Nov ’25
4
Dec ’25
1
Jan ’26
2
Feb ’26
7Peak
Mar ’26
1
Apr ’26
3
May ’26
Source: Boardroom Alpha
No DeSPAC merger-approval votes recorded in the last 12 months.
Recent DeSPAC Closes — last 90 days
| Close Date | SPAC | New Ticker | Target | Deal EV | Redemption | Latest Px | vs $10 |
|---|---|---|---|---|---|---|---|
| CAEP | AIIR | — | — | — | — | — | |
| WLAC | BRUN | — | — | — | $24.90 | +149.0% | |
| APAD | ENHA | — | — | — | $5.26 | -47.4% | |
| Apr 08, 2026 | HYAC | RMIX | — | — | — | $16.15 | +61.5% |
| Mar 31, 2026 | VCIC | CSHR | — | — | — | $5.16 | -48.4% |
| Mar 26, 2026 | TBMC | CYAB | — | — | — | $0.60 | -94.0% |
| Mar 26, 2026 | CHAC | XNDU | — | — | — | $11.72 | +17.2% |
| Mar 25, 2026 | PELI | GLND | — | — | — | $2.80 | -72.0% |
| Mar 19, 2026 | DMYY | HQ | — | — | — | $11.23 | +12.3% |
| Mar 16, 2026 | BACQ | MRLN | — | — | — | $5.98 | -40.2% |
| Mar 05, 2026 | FTW | FTW | — | — | — | $12.07 | +20.7% |
| Feb 24, 2026 | SVII | NUCL | — | — | — | $10.75 | +7.5% |
Source: Boardroom Alpha · performance shown as latest close vs $10 trust redemption value
DeSPAC Pipeline — 110 announced deals
| Stage | SPAC | Target | Announced | Vote Date | Deal EV |
|---|---|---|---|---|---|
| Vote Held — Awaiting Close | PLMJF | — | Aug 23, 2024 | TBD | — |
| Vote Held — Awaiting Close | BOWN | — | Jan 19, 2024 | Jan 13, 2025 | — |
| Vote Held — Awaiting Close | AIMAU | — | Oct 16, 2023 | Mar 27, 2025 | — |
| Vote Held — Awaiting Close | ALSA | — | Sep 13, 2024 | May 02, 2025 | — |
| Vote Held — Awaiting Close | IGTA | — | Sep 13, 2023 | Aug 19, 2025 | — |
| Vote Held — Awaiting Close | RDAC | — | Jan 27, 2025 | Nov 20, 2025 | — |
| Vote Held — Awaiting Close | USCTF | — | Jan 19, 2025 | Dec 02, 2025 | — |
| Vote Held — Awaiting Close | ATMC | — | Jan 05, 2024 | Dec 05, 2025 | — |
| Vote Held — Awaiting Close | WELNF | — | May 31, 2024 | Dec 08, 2025 | — |
| Vote Held — Awaiting Close | HSPT | — | May 12, 2025 | Feb 12, 2026 | — |
| Vote Held — Awaiting Close | TLGYF | — | Jul 21, 2025 | Mar 10, 2026 | — |
| Vote Held — Awaiting Close | VACH | — | Apr 23, 2025 | Mar 12, 2026 | — |
| Vote Held — Awaiting Close | RACY | — | Mar 04, 2025 | Mar 25, 2026 | — |
| Vote Held — Awaiting Close | TETEF | — | Oct 19, 2022 | Mar 30, 2026 | — |
| Vote Held — Awaiting Close | GIG | — | Sep 29, 2025 | May 07, 2026 | — |
| Vote Scheduled | CGCT | — | Dec 18, 2025 | May 27, 2026 | — |
| Vote Scheduled | LEGT | — | Nov 12, 2025 | Jun 04, 2026 | — |
| Vote Scheduled | MLAC | — | Oct 01, 2025 | Jun 04, 2026 | — |
| Vote Scheduled | FGMC | — | Aug 05, 2025 | Jun 09, 2026 | — |
| Vote Scheduled | MBAV | — | Jul 08, 2025 | Jun 15, 2026 | — |
| S-4 Filed | CPTK | Brivo | Jul 03, 2025 | TBD | $808M |
| S-4 Filed | AOGO | — | Feb 18, 2025 | TBD | — |
| S-4 Filed | MAQC | — | Jul 19, 2024 | TBD | — |
| S-4 Filed | AEAE | — | Feb 21, 2024 | TBD | — |
| S-4 Filed | FTII | — | Sep 20, 2024 | TBD | — |
| S-4 Filed | IXAQ | — | Mar 29, 2024 | TBD | — |
| S-4 Filed | HVII | — | Oct 23, 2025 | TBD | — |
| S-4 Filed | WTG | — | Nov 18, 2025 | TBD | — |
| S-4 Filed | ATEK | — | Dec 04, 2024 | TBD | — |
| S-4 Filed | BKHA | — | Apr 28, 2025 | TBD | — |
| S-4 Filed | EURK | — | Nov 03, 2025 | TBD | — |
| S-4 Filed | DAAQ | — | Jan 13, 2026 | TBD | — |
| S-4 Filed | FVN | — | Jan 20, 2026 | TBD | — |
| S-4 Filed | BCAR | — | Jan 13, 2026 | TBD | — |
| S-4 Filed | IRHO | — | Apr 21, 2026 | TBD | — |
| S-4 Filed | FACT | — | Dec 01, 2025 | TBD | — |
| S-4 Filed | LOKV | — | Nov 14, 2025 | TBD | — |
| Deal Announced | PUCK | — | Nov 17, 2022 | TBD | — |
| Deal Announced | PPHP | — | Dec 08, 2022 | TBD | — |
| Deal Announced | NRAC | — | Mar 21, 2023 | TBD | — |
| Deal Announced | PHYTF | — | Nov 13, 2023 | TBD | — |
| Deal Announced | DUET | — | Nov 28, 2023 | TBD | — |
| Deal Announced | ZLSSF | — | Dec 05, 2023 | TBD | — |
| Deal Announced | CLRCF | — | Jan 05, 2024 | TBD | — |
| Deal Announced | DSAQ | — | Jan 18, 2024 | TBD | — |
| Deal Announced | PFTA | — | Feb 07, 2024 | TBD | — |
| Deal Announced | APXI | — | Mar 26, 2024 | TBD | — |
| Deal Announced | BAYA | — | Jun 07, 2024 | TBD | — |
| Deal Announced | AQU | — | Jul 12, 2024 | TBD | — |
| Deal Announced | HAIA | — | Aug 15, 2024 | TBD | — |
| Deal Announced | CNDA | — | Aug 27, 2024 | TBD | — |
| Deal Announced | CCTS | — | Aug 29, 2024 | TBD | — |
| Deal Announced | MCAG | — | Aug 29, 2024 | TBD | — |
| Deal Announced | KVAC | — | Sep 05, 2024 | TBD | — |
| Deal Announced | DYCQ | — | Oct 23, 2024 | TBD | — |
| Deal Announced | HUDA | — | Nov 22, 2024 | TBD | — |
| Deal Announced | FORL | — | Dec 19, 2024 | TBD | — |
| Deal Announced | YHNA | — | Jan 16, 2025 | TBD | — |
| Deal Announced | EMCG | — | Jan 27, 2025 | TBD | — |
| Deal Announced | ISRL | — | Jan 27, 2025 | TBD | — |
| Deal Announced | IMAQ | — | Apr 09, 2025 | TBD | — |
| Deal Announced | PPYA | — | Apr 21, 2025 | TBD | — |
| Deal Announced | ASPC | — | May 27, 2025 | TBD | — |
| Deal Announced | RIBB | — | Jun 30, 2025 | TBD | — |
| Deal Announced | CAPN | — | Jul 14, 2025 | TBD | — |
| Deal Announced | CEPO | — | Jul 17, 2025 | TBD | — |
| Deal Announced | UYSC | — | Jul 21, 2025 | TBD | — |
| Deal Announced | ROSS | — | Jul 23, 2025 | TBD | — |
| Deal Announced | MACI | — | Jul 31, 2025 | TBD | — |
| Deal Announced | SBXD | — | Aug 06, 2025 | TBD | — |
| Deal Announced | ALCY | — | Aug 25, 2025 | TBD | — |
| Deal Announced | IPCX | — | Aug 25, 2025 | TBD | — |
| Deal Announced | MCGA | — | Aug 26, 2025 | TBD | — |
| Deal Announced | RFAI | — | Oct 02, 2025 | TBD | — |
| Deal Announced | QUMS | — | Oct 03, 2025 | TBD | — |
| Deal Announced | IPEX | — | Oct 14, 2025 | TBD | — |
| Deal Announced | AACI | — | Oct 20, 2025 | TBD | — |
| Deal Announced | CEPT | — | Oct 28, 2025 | TBD | — |
| Deal Announced | AFJK | — | Jun 20, 2024 | Nov 06, 2025 | — |
| Deal Announced | COLA | — | Nov 10, 2025 | TBD | — |
| Deal Announced | BACC | — | Nov 19, 2025 | TBD | — |
| Deal Announced | PGAC | — | Nov 19, 2025 | TBD | — |
| Deal Announced | SOUL | — | Nov 24, 2025 | TBD | — |
| Deal Announced | WINV | — | Dec 03, 2025 | TBD | — |
| Deal Announced | CDAQ | — | Jan 06, 2026 | TBD | — |
| Deal Announced | EGHA | — | Jan 22, 2026 | TBD | — |
| Deal Announced | SVAC | — | Jan 22, 2026 | TBD | — |
| Deal Announced | LKSP | — | Jan 23, 2026 | TBD | — |
| Deal Announced | DTSQ | — | Feb 04, 2026 | TBD | — |
| Deal Announced | RAAQ | — | Feb 23, 2026 | TBD | — |
| Deal Announced | DRDB | — | Feb 27, 2026 | TBD | — |
| Deal Announced | BBCQ | — | Mar 04, 2026 | TBD | — |
| Deal Announced | ALIS | — | Mar 09, 2026 | TBD | — |
| Deal Announced | PLMK | — | Mar 09, 2026 | TBD | — |
| Deal Announced | QETA | — | Mar 12, 2026 | TBD | — |
| Deal Announced | IBAC | — | Mar 16, 2026 | TBD | — |
| Deal Announced | NPAC | — | Mar 16, 2026 | TBD | — |
| Deal Announced | CRAC | — | Mar 31, 2026 | TBD | — |
| Deal Announced | FERA | — | Apr 08, 2026 | TBD | — |
| Deal Announced | CSTAF | — | Apr 09, 2026 | TBD | — |
| Deal Announced | IVCA | — | Apr 13, 2026 | TBD | — |
| Deal Announced | SZZL | — | Apr 13, 2026 | TBD | — |
| Deal Announced | VACI | — | Apr 17, 2026 | TBD | — |
| Deal Announced | ATII | — | Apr 20, 2026 | TBD | — |
| Deal Announced | CMCAF | — | Apr 20, 2026 | TBD | — |
| Deal Announced | MMTX | — | Apr 27, 2026 | TBD | — |
| Deal Announced | BPAC | — | May 01, 2026 | TBD | — |
| Deal Announced | GLED | — | May 01, 2026 | TBD | — |
| Deal Announced | DMAA | — | May 05, 2026 | TBD | — |
| Deal Announced | QSEA | — | May 13, 2026 | TBD | — |
Source: Boardroom Alpha · pipeline stage inferred from S-4 filings, scheduled votes, and merger-approval events
Upcoming vote dates for these pipeline deals are tracked on the SPAC Vote Calendar.
Frequently Asked Questions
What is a DeSPAC?
A DeSPAC is the completion of a SPAC's business combination — the moment the blank-check company merges with its announced target and begins trading under the new combined company's ticker.
How many SPACs have completed DeSPAC in May 2026?
3 SPAC DeSPACs closed in May 2026 as of May 20, 2026.
What is the trailing-12-month DeSPAC close count?
41 SPAC DeSPACs closed in the trailing 12 months ending May 20, 2026, representing $1.28B in cumulative deal enterprise value.
What's the typical SPAC redemption rate at close?
Redemption rate data is currently unavailable for the trailing 12 months.
How long do SPAC deals typically take from announcement to close?
Average time from announcement to close was 340 days over the trailing 12 months — driven by S-4 review timelines, vote scheduling, and any redemption-extension activity.
How many SPAC deals are in the pipeline right now?
114 SPACs currently sit in the announced-not-closed pipeline. The pipeline table on this page shows each by inferred stage (S-4 filed, vote scheduled, vote held — awaiting close).