2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.
SPAC IPO Update
SPAC IPO Count
Month-to-date: 9 IPOs ($1.43B) vs. first 15 days of last month 5 ($725M) · 12-mo avg: 15.9/mo
SPAC IPO: Berto Acquisition Corp. II (GUAC)
Ticker: GUAC (Units: GUACU) · Size: $250M · Sponsor: Berto Acquisition Sponsor II LLC
Berto Acquisition Corp. II priced its $274M IPO on May 14, 2026, and trades on Nasdaq under GUACU. The SPAC is sponsored by Harry You, who has a history of successful SPACs, including dMY Technology Group and GTY Technology Holdings. It targets opportunities in AI and the AI infrastructure and supply chain ecosystem.
- Constance K Weaver (Director): served as Chief Marketing Officer at Equitable Holdings and TIAA, with extensive board experience.
- Darla Anderson (Director): Academy Award-winning producer with experience at Pixar and Netflix.
- Robert You (CFO): previously an Investment Banking Analyst at J.P. Morgan.
- Sam Lynn (Director): partnered at financial advisory firms WilliamsMarston and Chord Advisors.
- Vikas Mittal (Director): Executive Chairman with nearly two decades of SPAC experience, previously at Meteora.
Structure: 27.4M units at $10.00 per unit. Each unit consists of one ordinary share and one-third of a warrant. Needham & Company is the sole book-running manager.
SPAC IPO: Iron Dome Acquisition I Corp (IDAC)
Ticker: IDAC · Size: $150M · Sponsor: Iron Dome Acquisition I Parent LLC
Iron Dome Acquisition I Corp. aims to identify Israeli technology companies in cyber, defense tech, AI, and data sectors for U.S. public market entry. The SPAC seeks companies ready for public scrutiny and with strong governance.
- Tom Y Livne (Director): founded Verbit, leading it to a $2B valuation, with extensive AI company-building experience.
- David G Dewalt (Director): Founder and CEO of NightDragon Security; former CEO of McAfee and FireEye.
- Eyal Waldman (Director): co-founded Mellanox Technologies, acquired by NVIDIA for $6.9B.
- Matthew J Norden (Director): served as CFO at 2U, Inc., overseeing $2B in financings and transformative acquisitions.
- Paul Thomas Hodermarsky (Director): 17 years in capital markets, currently at Elizabeth Park Capital Management.
Structure: Units priced at $10.00 each, consisting of one Class A ordinary share and one-half of a redeemable warrant. ARC Group Securities LLC and D. Boral Capital LLC provided advisory services.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| May 15 | GUAC | Berto Acquisition Corp. II | $250M | 100.0% |
| May 15 | IDAC | Iron Dome Acquisition I Corp. | $150M | 100.5% |
| May 14 | GSRV | GSR V Acquisition Corp. | $200M | 100.0% |
| May 13 | BREZ | Breeze Acquisition Corp. II | $125M | 100.2% |
| May 08 | OTAI | STARLINK AI ACQUISITION CORP | $100M | 100.5% |
| May 07 | SAGU | SHREYA ACQUISITION GROUP | $100M $10M overallotment | 100.0% |
| May 06 | VECA | VERNAL CAPITAL ACQUISITION CORP | $100M | 100.5% |
Daily SPAC Update
SPAC VOTE RESULTS
CANTOR EQUITY PARTNERS III INC (CAEP) * Deal Approved with Air22,373,640 redeemed · $233,804,538 removed · trust $10.45
SPAC DEAL & EXTENSION VOTES SET
Mountain Lake Acquisition Corp (MLAC) * DEAL VOTE SET: Jun 04, 2026 * trust $10.58
Perceptive Capital Solutions Corp (PCSC) * EXTENSION VOTE SET: Jun 10, 2026 * trust $10.78
SEPARATE WARRANTS/RIGHTS
May 20: RRE VENTURES ACQUISITION CORP (RREV)
May 19: VERNAL CAPITAL ACQUISITION CORP (VECA)
May 18: INFLECTION POINT ACQUISITION CORP VI (IPFX)
May 15: MAYWOOD ACQUISITION CORP 2 (MYX)
OTHER SPAC NEWS
QUARTZSEA ACQUISITION CORP (QSEA) * Merger Agreement
REAL ASSET ACQUISITION CORP (RAAQ) * F-4 FiledIQM and RAAQ advance merger; Form F-4 filed and proxy materials for the vote are in progress.
CANTOR EQUITY PARTNERS I INC (CEPO) * S-4 FiledPubco’s business combination with CEPO/Newco advances; Form S-4 filed and proxy materials to be circulated.
SPAC DEALS ANNOUNCED
May 13 | Quartzsea Acquisition Corp (QSEA) + Eight Directions Technology LimitedEight Directions Technology Limited operates through its subsidiary in Los Angeles, providing customized disposable products, particularly PET cups, lids, and related packaging. It utilizes vertically integrated material sourcing and automated production systems to ensure quality and efficiency. The company serves brand owners, distributors, and foodservice operators, offering both standard and customized solutions to meet market demands.
SPAC Executive & Director Moves
| Company | Ticker | Moves |
|---|---|---|
| FIFTH ERA ACQUISITION CORP I | FERA |
|
SPAC Movers
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| RISING DRAGON ACQUISITION CORP | RDAC | 5.3% | $ 8.55 | Announced |
| GENERAL PURPOSE ACQUISITION CORP | GPAC | 4.4% | $ 11.35 | Pre-Deal |
| CANTOR EQUITY PARTNERS III INC | CAEP | 4.3% | $ 12.49 | Announced |
| SIM ACQUISITION CORP I | SIMA | 4.1% | $ 11.45 | Pre-Deal |
| ASPAC III ACQUISITION CORP | ASPC | 2.0% | $ 11.53 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| GIGCAPITAL7 CORP | GIG | -11.2% | $ 4.98 | Announced |
| VOYAGER ACQUISITION CORP | VACH | -4.6% | $ 10.14 | Announced |
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | -2.3% | $ 40.20 | Announced |
| STONEBRIDGE ACQUISITION II CORP | APAC | -2.0% | $ 11.43 | Pre-Deal |
| AMERICAN EXCEPTIONALISM ACQUISITION CORP A | AEXA | -0.9% | $ 11.60 | Pre-Deal |