BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) launch 2 SPAC IPOs on , raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.
SPAC IPO Update —
2 SPAC IPOs debut on , raising $140M; May MTD now stands at 18 IPOs totaling $2.37B over 22 sessions.
SPAC IPO Count
Month-to-date: 18 IPOs ($2.37B) vs. first 22 days of last month 6 ($785M) · 12-mo avg: 16/mo
Peace Acquisition Corp. priced its $60M IPO on , and trades on Nasdaq under PECEU. The SPAC targets businesses across Asia, excluding Mainland China, Hong Kong, and Macau.
- Cathy Jiang (CFO): Former Managing Director at Alpha Square Group; previously Associate Managing Director at Federated Hermes, Inc.
- Fangping Zheng (CEO, Director): General Manager of Guoxing Capital Limited and Dingye (Shenzhen) Financial Services Co., Ltd.
- Jiangang Luo (Director): CEO of Bowen Acquisition Corp and President of Prime Science & Technology, Inc.
- Joel David Mayersohn (Director): Member at Dickinson Wright PLLC specializing in corporate, securities and business law.
- Sanxin Yan (Director): Chairman of Hong Kong Joyful Bird International Capital Corporation Limited and US Starlines LLC.
Structure: 6M units at $10.00 per unit. Each unit consists of one ordinary share, one right to receive 1/5 of an ordinary share, and one warrant to purchase an ordinary share at $11.50. EarlyBirdCapital, Inc. is the book-running manager.
Burtech Acquisition Corp II plans an $80M IPO, targeting sectors like real estate, infrastructure, and lifestyle brands, leveraging a diverse deal sourcing network.
- Leon Golden (Director)
- Roman Livson (Director): CFO of BurTech I; affiliated with GSD Acquisition Corp. and Bridge Acquisition Corp.
- Scott Edward Young (Director)
- Sergey Alekseev (Director)
- Shahal Khan (Director): CEO of BurTech I; founder of Global Voice Telecom and Zebasolar.
Structure: 10M units at $10.00. Each unit includes one Class A ordinary share and one warrant. Burtech Sponsor II LLC to purchase 282,000 private placement units.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| May 22 | BRKH | BurTech Acquisition Corp II | $80M | 100.5% |
| May 22 | PECE | Peace Acquisition Corp. | $60M | 100.0% |
| May 21 | APUR | Aperture AC | $90M | 100.2% |
| May 21 | FXAC | FortuneX Acquisition Corp | $75M | 100.5% |
| May 21 | OHAC | Oceanhawk Acquisition Corp. | $160M | 100.5% |
| May 20 | RACC | RESEARCH ALLIANCE CORP III | $75M | 100.0% |
| May 19 | AMAN | AMANAT ACQUISITION CORP | $75M | 100.0% |
| May 15 | GUAC | BERTO ACQUISITION CORP II | $274M $41M overallotment | 100.0% |
| May 15 | ETSS | ENERGY TRANSITION SPECIAL OPPORTUNITIES | $150M | 100.5% |
| May 15 | IDAC | IRON DOME ACQUISITION I CORP | $150M | 100.5% |
| May 15 | PTAC | PATRIOT ACQUISITION CORP | $160M $15M overallotment | 100.5% |
| May 14 | GSRV | GSR V ACQUISITION CORP | $200M $30M overallotment | 100.0% |
| May 13 | BREZ | BREEZE ACQUISITION CORP II | $125M $15M overallotment | 100.2% |
Daily SPAC Update —
SPAC DEAL & EXTENSION VOTES SET
Centurion Acquisition Corp (ALF) * EXTENSION VOTE SET: June 9, 2026 * trust $10.85
SPAC EXTENSIONS
CAYSON ACQUISITION CORP (CAPN) * Extension FilingSPAC extends business-combination deadline by up to 12 months; insiders fund monthly extensions (third month deposited ).
CO2 ENERGY TRANSITION CORP (NOEM) * Extension FilingSponsor funds a $229,700 extension to for the SPAC deadline. A convertible note evidences the extension.
SEPARATE WARRANTS/RIGHTS
May 28: ARC GROUP ACQUISITION I CORP (ARBC)
May 22: SHREYA ACQUISITION GROUP (SAGU)
May 21: KPET ULTRA PACELINE CORP (KPET)
May 20: RRE VENTURES ACQUISITION CORP (RREV)
May 20: QDRO ACQUISITION CORP (QADR)
May 19: VERNAL CAPITAL ACQUISITION CORP (VECA)
OTHER SPAC NEWS
CROWN PROPTECH ACQUISITIONS (CPTK) * F-4 FiledAmendment No. 2 updates exchange ratio and debt-to-equity settlement; revises registration rights and lock-up; Form F-4 filed.
CROWN PROPTECH ACQUISITIONS (CPTK) * Merger Agreement AmendmentAmendment No. 2 updates exchange ratio and debt-to-equity settlement; revises registration rights and lock-up; Form F-4 filed.
SPAC Executive & Director Moves —
| Company | Ticker | Moves |
|---|---|---|
| AMANAT ACQUISITION CORP | AMAN |
|
| CHENGHE ACQUISITION III CO | CHEC |
|
| RESEARCH ALLIANCE CORP III | RACC |
|
SPAC Movers —
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| GENERAL PURPOSE ACQUISITION CORP | GPAC | 11.8% | $ 11.93 | Pre-Deal |
| ASPAC III ACQUISITION CORP | ASPC | 4.5% | $ 11.55 | Announced |
| REAL ASSET ACQUISITION CORP | RAAQ | 2.7% | $ 11.61 | Announced |
| BLEICHROEDER ACQUISITION CORP II | BBCQ | 1.7% | $ 10.60 | Announced |
| WILLOW LANE ACQUISITION CORP II | WLII | 1.6% | $ 10.20 | Pre-Deal |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| STONEBRIDGE ACQUISITION II CORP | APAC | -19.2% | $ 10.57 | Pre-Deal |
| HORIZON SPACE ACQUISITION II CORP | HSPT | -15.5% | $ 7.52 | Announced |
| VOYAGER ACQUISITION CORP | VACH | -4.5% | $ 10.52 | Announced |
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | -4.0% | $ 40.50 | Announced |
| VERNAL CAPITAL ACQUISITION CORP | VECA | -1.9% | $ 9.91 | Pre-Deal |
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