SPAC Market Update June 2, 2026: Three SPAC Deals as REEcycle Holdings, OpenPayd, and Mobilewalla Look to Go Public

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Live Oak Acquisition Corp V (LOKV) entered a forward purchase agreement with HB Strategies on to reduce redemptions in its Teamshares merger. Separately, International Media Acquisition Corp (IMAQ) deposited $2,000 to extend its business-combination deadline from to .

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 2 days 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%
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 | Hall Chadwick Acquisition Corp (HCAC) + REEcycle Holdings IncREEcycle Holdings Inc is a rare earth recycling company based in Duncan, Oklahoma. It specializes in recovering rare earth elements from end-of-life neodymium magnets found in industrial products.
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.

June 1 | Titan Acquisition + OpenPaydOpenPayd is building the universal financial infrastructure for the digital economy. The Company’s rails-agnostic platform enables businesses to move and manage money globally – across fiat and digital assets – through a single, powerful API. OpenPayd provides embedded accounts, FX, domestic and international payments, Open Banking, and stablecoin on/off ramps – delivering interoperability between traditional finance and digital assets. With one of the most comprehensive banking networks in the market, OpenPayd enables real-time money movement, everywhere. Trusted by global brands including eToro, Kraken, OKX, and B2C2, the Company processes more than $240 billion in annual volumes for over 1,100 businesses.

EXTENSION VOTES
TAVIA ACQUISITION CORP (TAVI)vote -> extend from to

SPAC EXTENSIONS
INTERNATIONAL MEDIA ACQUISITION CORP (IMAQ) * Extension FilingSPAC deposits $2,000 to extend the deadline for a business combination from to .

SEPARATE WARRANTS/RIGHTS
June 4: ENERGY TRANSITION SPECIAL OPPORTUNITIES (ETSS)

OTHER SPAC NEWS
LIVE OAK ACQUISITION CORP V (LOKV) * Forward Purchase AgreementLive Oak enters a forward purchase with HB Strategies to reduce redemptions in the Teamshares merger, up to 4M shares.
SPACSPHERE ACQUISITION CORP (SSAC) * Merger Agreement
SPACSPHERE ACQUISITION CORP (SSAC) * Investor Deck
TITAN ACQUISITION CORP (TACH) * Merger Agreement
TITAN ACQUISITION CORP (TACH) * Investor Deck
WINVEST ACQUISITION CORP (WINV) * Merger Agreement AmendmentRestated agreement creates ADS-based exchange and new Pubco share structure for the business combination.

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
DISCIPLINED GROWTH ACQUISITION CORP DGAC.U
  • On , five individuals were appointed to the board of directors, and additional committee appointments were made on .  (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)
MOZAYYX ACQUISITION CORP MZYX
  • On , Emma Rose Bienvenu was appointed as an independent director of MOZAYYX Acquisition Corp.  (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 11.4% $ 10.76 Announced
CARTESIAN GROWTH CORP III CGCT 3.3% $ 12.94 Announced
REAL ASSET ACQUISITION CORP RAAQ 2.8% $ 11.67 Announced
LEAPFROG ACQUISITION CORP LFAC 2.3% $ 9.98 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
RISING DRAGON ACQUISITION CORP RDAC -9.2% $ 8.30 Announced
GENERAL PURPOSE ACQUISITION CORP GPAC -7.7% $ 9.98 Pre-Deal
AIMEI HEALTH TECHNOLOGY CO LTD AFJK -4.8% $ 40.00 Announced
VOYAGER ACQUISITION CORP VACH -3.5% $ 9.61 Announced
BEST SPAC I ACQUISITION CORP BSAA -2.1% $ 11.45 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

What is the Teamshares-related LOKV forward purchase intended to do?
Live Oak Acquisition Corp V (LOKV) said the HB Strategies forward purchase is designed to reduce redemptions tied to its Teamshares merger, with coverage of up to 4M shares.
What happened at Rising Dragon Acquisition Corp’s extension vote?
Rising Dragon Acquisition Corp (RDAC) won approval to extend its deadline to ; 1,903,823 shares were redeemed. Its listed target in the vote data is HZJL Cayman Limited.
How did International Media Acquisition Corp extend its deadline?
International Media Acquisition Corp (IMAQ) deposited $2,000 into trust to extend its business-combination deadline from to .
What extension vote is on the calendar for Tavia Acquisition Corp?
Tavia Acquisition Corp (TAVI) has a vote to extend its deadline from to .
What change did WinVest Acquisition Corp make to its merger agreement?
WinVest Acquisition Corp (WINV) restated its agreement to create an ADS-based exchange and a new Pubco share structure for its business combination.


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