ALAC Breaks up with SolarMax

Adding to the wave of deal terminations, ALAC calls it quits with SolarMax. A potential extension for KWAC. And the rest of the day’s news in SPACs.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

ALAC Intends to Terminate Merger with SolarMax

Time is running out for Alberton Acquisition Corp. (ALAC), which indicated it intends to terminate its merger with SolarMax Technology. The SPAC’s charter specified merger completion on or before April 26, 2022.

ATSPT Extends Lockup for SoundHound CEO

Archimedes Tech SPAC Partners Co. (ATSPT) extends lockup for SoundHound CEO Keyvan Mohajer from 6 months to 1 year. Merger vote scheduled for 4/26. SoundHound makes a voice artificial-intelligence platform used by global corporations including Mercedes-Benz (DMLRY), Snap (SNAP) and Mastercard (MA).

Kingswood Acquisition Corp. (KWAC) Looking to Extend Deadline

Kingswood Acquisition Corp. (KWAC) looking to extend from May-24 to Nov-24. Vote set for May-18. The SPAC was reportedly looking at Blackstone’s U.K. Wealth Management firm Lombard International.

Bowlero (BOWL) Warrant Redemption

Bowlero (BOWL) announced it will redeem all of its publicly traded and privately held warrants to purchase shares of Bowlero’s Class A common stock. Redemption is in cash, at an exercise price of $11.50 per share of Common Stock or on a “cashless” basis in which the exercising holder will receive shares of Common Stock. Redemption deadline is May 16th.

Elsewhere in SPACs

  • New podcast: Boardroom Alpha talks to Steve Croskrey, CEO of Danimer Scientific (DNMR) on the latest in bioplastics technology. Danimer deSPAC’d from sponsor Live Oak Acquisition Corp. in December 2020. Watch and see our overview on the story here.

Upcoming Merger and Extension Votes

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

Recent Analysis

2026 Proxy Season Scorecard: Six Say-on-Pay Failures, AI Lands on Mega-Cap Ballots, and the Anti-ESG Pile-Up

Through May 21, 2026, U.S. public-company shareholders rejected six annual-meeting Say-on-Pay packages outright, voted against 18 directors at 14 companies, and crushed dozens of mega-cap shareholder proposals at sub-3% support. Plus: AI proposals filed at Alphabet, Meta, Walmart, and IBM; the split verdict on special-meeting rights; the activist-vote scorecard from four 2026 director-slate contests.

Weekly Recap: MO, OHI, WEN Rewire the C-Suite — May 22, 2026

Succession moved from emergency cleanup to portfolio rotation this week, with 24 CEO changes and 21 CFO changes across the tracked C-suite. Altria paired a CEO handoff with a CFO change, Omega Healthcare reset three senior finance and operating seats, and Wendy’s went back to the CEO market for the third time in three years.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

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.