SPAC Market Update May 26, 2026: GIG DeSPACs as Hadron Energy (HDRN) + Lakeshore Acquisition III Deal

Hadron Energy (HDRN) began trading as a DeSPAC on , bringing a modular micro-reactor developer public. The company targets AI data centers, remote communities and industrial hubs. May issuance totals 18 SPAC IPOs for $2,374M through 26 sessions. Lakeshore Acquisition III announces deal with CPRO Electronics.

SPAC IPO Update —

No SPAC IPOs priced on ; May MTD now stands at 18 IPOs totaling $2.37B over 26 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 18Prior: 16MoM: +2
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
18
May ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 18 IPOs ($2.37B) vs. first 26 days of last month 6 ($785M) · 12-mo avg: 16/mo
New SPAC IPOs
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  $12M overallotment 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%
Source: Boardroom Alpha

Daily SPAC Update —

DeSPACs
May 26 | GIG DeSPAC → Hadron Energy (HDRN)Hadron Energy develops modular micro-reactor (MMR) technology capable of generating 10 MW of power. Its design allows for transport in a shipping container, enabling versatile deployment for various applications, including artificial intelligence data centers, remote communities, and industrial hubs. The company aims to provide a reliable and safe nuclear energy solution.

DEAL ANNOUNCEMENTS
May 26 | Lakeshore Acquisition III & CPRO Electronics Co CPRO is a fast-growing AI camera company which integrates physical AI, AI-based retail tech and AI-driven data solutions to the market. As a company that researches, develops, manufactures, and sells AI security products, it sells devices equipped with various AI analysis technologies, including Edge AI cameras and AI bridges. Additionally, it sells data to business owners by linking various customer data detected by Edge AI cameras with the Cloud. CPRO is committed to serve large retail chains to provide differentiated solutions that enhance their operational efficiency.

SEPARATE WARRANTS/RIGHTS
May 28: ARC GROUP ACQUISITION I CORP (ARBC)
May 28: ACP HOLDINGS ACQUISITION CORP (ACGC)
May 28: APOGEE ACQUISITION CORP (AACP)

SPAC Movers —

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
HORIZON SPACE ACQUISITION II CORP HSPT 16.4% $ 8.75 Announced
GENERAL PURPOSE ACQUISITION CORP GPAC 11.8% $ 11.93 Pre-Deal
RISING DRAGON ACQUISITION CORP RDAC 10.0% $ 9.69 Announced
ARCHIMEDES TECH SPAC PARTNERS II CO ATII 1.6% $ 11.38 Announced
BEST SPAC I ACQUISITION CORP BSAA 1.4% $ 12.17 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC -19.2% $ 10.57 Pre-Deal
VOYAGER ACQUISITION CORP VACH -8.7% $ 9.60 Announced
CARTESIAN GROWTH CORP III CGCT -5.0% $ 9.86 Announced
SPARK I ACQUISITION CORP SPKL -3.1% $ 12.05 Pre-Deal
ASPAC III ACQUISITION CORP ASPC -3.0% $ 11.20 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

What happened with Hadron Energy (HDRN) on ?
Hadron Energy (HDRN) began trading as a DeSPAC on after completing its SPAC transaction.
How many SPAC IPOs priced in May 2026 through May 26?
May 2026 has 18 SPAC IPOs for $2,374M through 26 days, versus 6 IPOs and $785M over the same first 26 days of April.
How many DeSPACs did Boardroom Alpha record this week?
Boardroom Alpha recorded 1 DeSPAC this week: Hadron Energy (HDRN) in the May 26 activity window.


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