Newhold Investment Corp III (NHIC) and Translational Development Acquisition Corp (TDAC) announced mergers on , and Disciplined Growth Acquisition Corporation (DGAC) priced a $150M IPO. NHIC targets Newcleo Ltd in advanced modular nuclear reactors; TDAC targets ProLogium in lithium ceramic batteries.
SPAC IPO Update —
1 SPAC IPO priced on , raising $150M; May MTD now stands at 19 IPOs totaling $2.52B over 27 sessions.
SPAC IPO Count
Month-to-date: 19 IPOs ($2.52B) vs. first 27 days of last month 6 ($785M) · 12-mo avg: 16/mo
Disciplined Growth Acquisition Corporation priced its $150 million IPO on , and trades on NYSE under DGACU. The SPAC targets financial technology, aerospace and defense technology, and clean technology sectors. It aims to acquire companies with defensible market positions and robust cash flow potential.
- Robert Wotczak (Chief Executive Officer and Chairman): Founder and CEO of BCMA Group; previously President and CEO of Prime Executions, Inc. and Freedom US Markets.
- Emma Dell’Acqua (Chief Financial Officer): Managing Director at BCMA Group; previously Head of Corporate Strategy and Development at Freedom Capital Markets.
- John D Ziegelman (Director)
- Michael Faber (Director): President of NextPoint Management Company, Inc., advising family offices on asset manager selection and direct investing.
Structure: 15 million units at $10.00 each. Each unit comprises one Class A ordinary share and one right to receive one-fourth of a Class A ordinary share upon business combination. Maxim Group LLC is the sole book-running manager.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| May 27 | DGAC | DISCIPLINED GROWTH ACQUISITION Corp | $150M | 100.5% |
| 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% |
Daily SPAC Update —
SPAC DEALS ANNOUNCED
May 27 | Newhold Investment Corp III (NHIC) + Newcleo LtdNewcleo Ltd develops advanced modular reactors (AMRs) cooled by liquid lead and produces nuclear fuel from recycled nuclear waste. It operates in the nuclear energy sector, focusing on delivering low-carbon energy solutions. The company has secured approximately $780 million in private funding and has formed over 100 industry partnerships, with a workforce of more than 900 employees across Europe and the United States.
May 27 | Translational Development Acquisition Corp (TDAC) + ProLogiumProLogium, founded in 2006, develops and manufactures lithium ceramic batteries and holds over 1,100 global patents. It introduced the first solid-state batteries with a 100% ceramic separator in 2013 and plans to launch a superfluidized all-inorganic solid-state battery in 2025. The company operates a GWh-class gigafactory in Taoyuan, Taiwan, and has established an R&D center in Paris-Saclay, France, to support the European market. Construction of its first overseas facility in Dunkirk, France, is set to begin in 2026.
May 26 | Lakeshore Acquisition III Corp (LCCC) + CPRO Electronics CoCPRO Electronics Co develops, manufactures, and sells AI security products, including Edge AI cameras and AI bridges. It integrates physical AI and AI-based retail technology to offer data solutions to large retail chains. The company links customer data detected by its cameras with the Cloud to provide insights that enhance operational efficiency.
May 26 | Axiom Intelligence Acquisition Corp 1 (AXIN) + Terra QuantumTerra Quantum is a global quantum technology company that develops and commercializes solutions in quantum computing, quantum security, and AI-driven optimization. It combines scientific research with software products to address complex computational challenges and enhance decision-making. Headquartered in St. Gallen, Switzerland, it serves customers and partners across various industries worldwide.
MERGER VOTES
Cartesian Growth Corp III (CGCT) + Lionano SE Inc.
Lionano SE Inc. focuses on solid-state battery development, providing alternatives to traditional lithium-ion technologies. It utilizes proprietary technologies to enhance energy density and safety while ensuring compatibility with existing manufacturing systems. The company has established commercial partnerships with automotive manufacturers, including Mercedes-Benz, Stellantis, Hyundai Motor Company, and Kia Corporation.
SPAC DEAL & EXTENSION VOTES SET
Bowen Acquisition Corp (BOWN) * EXTENSION VOTE SET: June 11, 2026 * trust $11.55
Mountain Lake Acquisition Corp (MLAC) * EXTENSION VOTE SET: June 12, 2026 * trust $10.64
Pantages Capital Acquisition Corp (PGAC) * EXTENSION VOTE SET: June 3, 2026 * trust $10.57
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.
SEPARATE WARRANTS/RIGHTS
May 28: ARC GROUP ACQUISITION I CORP (ARBC)
May 28: ACP HOLDINGS ACQUISITION CORP (ACGC)
May 28: APOGEE ACQUISITION CORP (AACP)
OTHER SPAC NEWS
TRANSLATIONAL DEVELOPMENT ACQUISITION CORP (TDAC) * Merger Agreement
BLEICHROEDER ACQUISITION CORP II (BBCQ) * Merger Agreement AmendmentAmendments reassign the Merger Sub to New Merger Sub and update the deal structure. Financing increases by $50.0 million to $250.0 million with a new Purchaser joining the Securities Purchase Agreement.
TRANSLATIONAL DEVELOPMENT ACQUISITION CORP (TDAC) * Investor Deck
ASPAC III ACQUISITION CORP (ASPC) * Listing Rule NoticeNasdaq found non-compliance with minimum stockholders’ equity; 45 days to submit plan, possible 180-day extension.
SPAC Executive & Director Moves —
| Company | Ticker | Moves |
|---|---|---|
| BURTECH ACQUISITION CORP II | BRKHU |
|
SPAC Movers —
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| VOYAGER ACQUISITION CORP | VACH | 11.6% | $ 10.71 | Announced |
| CARTESIAN GROWTH CORP III | CGCT | 10.0% | $ 10.85 | Announced |
| BAYVIEW ACQUISITION CORP | BAYA | 5.5% | $ 12.75 | Announced |
| HORIZON SPACE ACQUISITION II CORP | HSPT | 3.8% | $ 9.08 | Announced |
| AXIOM INTELLIGENCE ACQUISITION CORP 1 | AXIN | 1.3% | $ 10.35 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| BEST SPAC I ACQUISITION CORP | BSAA | -6.3% | $ 11.40 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | -3.2% | $ 9.38 | Announced |
| XFLH CAPITAL CORP | XFLH | -2.7% | $ 9.95 | Pre-Deal |
| SHREYA ACQUISITION GROUP | SAGU | -2.2% | $ 9.87 | Pre-Deal |
| MOUNTAIN LAKE ACQUISITION CORP II | MLAA | -1.9% | $ 9.95 | Pre-Deal |
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