SPAC Market Update June 1, 2026: SSAC to Merge with Mobilewalla, RDAC Extension Approved

SPAC HubSPAC IPO TrackerDeSPAC TrackerSPAC Vote Calendar

Spacsphere Acquisition Corp (SSAC) announced a merger with Mobilewalla, a data and AI company operating a proprietary consumer data AI platform, on . Separately, Rising Dragon Acquisition Corp (RDAC) won an extension to after 1,903,823 shares were redeemed.

SPAC IPO Update —

No SPAC IPOs priced on .

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 0•Prior: 20•MoM: -20
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
20
May ’26
0
Jun ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 0 IPOs ($0.0M) vs. first day of last month 2 ($400M) · 12-mo avg: 16/mo
New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
May 29 BID Tribeca Strategic Acquisition Corp. $140M 100.2%
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%
Source: Boardroom Alpha

Daily SPAC Update —

SPAC VOTE RESULTS
RISING DRAGON ACQUISITION CORP (RDAC) * Extend to 1,903,823 redeemed

SPAC DEALS ANNOUNCED
June 1 | Spacsphere Acquisition Corp (SSAC) + MobilewallaMobilewalla is a data and artificial intelligence company that operates a proprietary consumer data AI platform. It processes 50 terabytes of data daily from over 2 billion devices across more than 40 countries. The company provides predictive intelligence products and AI solutions primarily for the telecommunications, financial services, and consumer data sectors, serving enterprise clients in North America and Asia.
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.

SPAC DEAL & EXTENSION VOTES SET
Alpha Star Acquisition Corp (ALSAF) * DEAL VOTE SET: June 24, 2026
Quartzsea Acquisition Corp (QSEA) * EXTENSION VOTE SET: June 16, 2026 * trust $10.69

SPAC EXTENSIONS
CONSTELLATION ACQUISITION CORP I (CSTAF) * Extension FilingExtended deadline to with a $5,000 sponsor extension; note bears no interest and is due at closing.

OTHER SPAC NEWS
AXIOM INTELLIGENCE ACQUISITION CORP 1 (AXIN) * Merger Agreement
FG MERGER II CORP (FGMC) * Forward Purchase AgreementFGMC signs an OTC prepaid forward with BOXABL. A related-party novation to FGCP accompanies the deal.
SPACSPHERE ACQUISITION CORP (SSAC) * Merger Agreement
SPACSPHERE ACQUISITION CORP (SSAC) * Investor Deck

SPAC LISTING RULE NOTICES
COLUMBUS ACQUISITION CORP (COLA) * Listing Rule NoticeColumbus Acquisition regains MVLS compliance after a temporary deficiency. Nasdaq closes the matter.

SPAC Executive & Director Moves —

SPAC Executive & Director Moves
Company Ticker Moves
AVERIN CAPITAL ACQUISITION CORP ACAA
  • Akiko Moni Miyashita has been appointed as a member of the Board of Averin Capital Acquisition Corp, effective immediately as of .  (view source)
FORTUNEX ACQUISITION CORP FXACU
  • Effective , Becky Fallon, Sean Michael Deegan, and Robert Labbe joined the board of directors of the Company as independent directors.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers —

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC 12.1% $ 12.36 Pre-Deal
HORIZON SPACE ACQUISITION II CORP HSPT 4.4% $ 9.66 Announced
D BORAL ARC ACQUISITION I CORP BCAR 2.4% $ 10.97 Announced
NEWHOLD INVESTMENT CORP III NHIC 1.6% $ 11.30 Announced
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 1.2% $ 42.00 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC -24.1% $ 10.81 Pre-Deal
BEST SPAC I ACQUISITION CORP BSAA -8.6% $ 11.70 Announced
CARTESIAN GROWTH CORP III CGCT -7.2% $ 12.53 Announced
VOYAGER ACQUISITION CORP VACH -3.5% $ 9.61 Announced
RISING DRAGON ACQUISITION CORP RDAC -2.9% $ 9.15 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

What did Spacsphere Acquisition Corp announce on ?
Spacsphere Acquisition Corp (SSAC) announced a merger with Mobilewalla, a data and artificial intelligence company serving telecommunications, financial services, and consumer data customers.
How many shares were redeemed in Rising Dragon Acquisition Corp’s extension vote?
Rising Dragon Acquisition Corp (RDAC) had 1,903,823 shares redeemed in an approved extension vote, and its deadline moved to .
When is Alpha Star Acquisition Corp’s deal vote scheduled?
Alpha Star Acquisition Corp (ALSAF) set its deal vote for .
What agreement did FG Merger II Corp sign with BOXABL?
FG Merger II Corp (FGMC) signed an OTC prepaid forward purchase agreement with BOXABL, with a related-party novation to FGCP.


Recent Analysis

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.