4 More SPAC IPOs Make it 12 for February as Columbus Circle Capital II, Spartacus Acquisition II, D. Boral Acquisition I, and Idea Acquisition Come to Market.

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SPAC IPO UPDATE

SPAC IPO: Columbus Circle Capital Corp II (CMII)
Ticker: CMII (Units: CMIIU)
Size: $200 Million
Sponsor: Columbus Circle Capital Sponsor II LLC

Columbus Circle Capital Corp II priced its $200 million IPO on February 10, 2026, hitting the Nasdaq today. As the second vehicle from this team, CMII enters the market with a broad mandate, eschewing specific sector constraints in favor of a “best-in-class” opportunistic approach. The team is looking to replicate the lifecycle of its predecessor, seeking a high-conviction target with defensive moats and scalable unit economics.

Strategy: The SPAC is industry-agnostic, though leadership’s background suggests a lean toward businesses with strong free cash flow and institutional-grade governance.

Leadership Team:

• Gary Quin (Chairman & CEO): A veteran dealmaker with extensive experience across the TMT and consumer sectors, formerly a Senior Advisor at Blackstone.
• Joseph W. Pooler, Jr. (CFO): Brings deep experience in financial reporting and capital markets, having served as CFO for several public and private entities.

Structure: 20 million units at $10.00. Each unit consists of one Class A ordinary share and one-third (1/3) of one redeemable warrant. Cohen & Company Capital Markets and Clear Street acted as book-runners.

SPAC IPO: Idea Acquisition Corp. (IACO)
Ticker: IACO (Units: IACOU)
Size: $350 Million
Sponsor: Idea Tender LLC

Idea Acquisition Corp. makes its debut today with a substantial $350 million trust, signaling strong confidence in the AI and LLM vertical. Unlike “generalist” vehicles, IACO is laser-focused on the software stack powering the current artificial intelligence boom. With a management team deeply embedded in the Los Angeles tech scene, this SPAC is positioned to act as a bridge for late-stage AI infrastructure firms seeking a public exit.

Strategy: Targeted specifically at the software vertical, focusing on large language models (LLMs), AI hosting infrastructure, and model-creation platforms.

Leadership Team:

• Trevor Harries-Jones (CEO): Current COO of OTOY, a leader in GPU cloud rendering, bringing technical expertise in high-performance computing.
• Nathan Clark (CFO): Former finance lead at Ondello with a background in scaling high-growth technology platforms.

Structure: 35 million units at $10.00. Each unit consists of one Class A ordinary share and one-third (1/3) of one redeemable warrant. Perkins Coie advised on the deal.

SPAC IPO: D. Boral Acquisition I Corp. (DBCA)
Ticker: DBCA (Units: DBCAU)
Size: $250 Million
Sponsor: D. Boral Capital LLC

D. Boral Acquisition I Corp. enters the fray today with $250 million, marking the first namesake vehicle from D. Boral Capital. This launch is a strategic pivot for the firm, moving from its role as an active SPAC underwriter and book-runner to a primary sponsor. The trust size puts it in the sweet spot for mid-market industrial or tech-enabled services, where the sponsor can leverage its internal capital markets desk to streamline the de-SPAC process.

Strategy: While officially industry-agnostic, the team is prioritizing “high-visibility” sectors that complement the management’s extensive background in financial services and mid-market M&A.

Leadership Team:

• David Boral (Chairman & CEO): Founder of D. Boral Capital with a track record of advising on dozens of successful SPAC transactions.
• John Darwin (CIO & CFO): A seasoned investment professional with deep experience in private equity and structured finance.

Structure: 25 million units at $10.00. Each unit consists of one Class A ordinary share and one-half (1/2) of one redeemable warrant. D. Boral Capital LLC served as the sole book-running manager.

SPAC IPO: Spartacus Acquisition Corp. II (TMTS)
Ticker: TMTS (Units: TMTSU)
Size: $200 Million
Sponsor: Spartacus Sponsor LLC

Spartacus Acquisition Corp. II launches today, looking to catch lightning in a bottle for the second time. The team is well-known in the TMT community for its successful merger of Spartacus I with NextNav (NN), which has consistently outperformed its peer group post-combination. With this second effort, the “Spartacus” brand remains a beacon for investors looking for seasoned operators who understand the complexities of digital infrastructure and satellite-based technologies.

Strategy: High-conviction focus on Technology, Media, and Telecommunications (TMT), specifically targeting digital infrastructure, satellite services, and secure communications.

Leadership Team:

• Peter D. Aquino (Chairman): A veteran TMT executive who previously led SeaChange International and Internap.
• Igor Volshteyn (CEO): Former hedge fund manager and current CFO of NextNav, bringing a disciplined valuation framework to the search.

Structure: 20 million units at $10.00. Each unit consists of one Class A common share and one-third (1/3) of one redeemable warrant. BTIG acted as the sole book-runner.

NEW SPAC IPOs
Feb 11: CMII – Columbus Circle Capital Corp II $200M IPO
Feb 11: TMTS – Spartacus Acquisition Corp. II $200M IPO
Feb 11: DBCA – D. Boral Acquisition I Corp. $250M IPO
Feb 11: IACO – Idea Acquisition Corp. $350M IPO
Feb 10: SVIV – Spring Valley Acquisition Corp. IV $200M IPO
Feb 06: CAQ – Cambridge Acquisition Corp. $200M IPO (+underwriter overallotment: $30M)
Feb 06: SSAC – Spacsphere Acquisition Corp. $150M IPO (+underwriter overallotment: $22.5M)
Feb 05: CEPS – Cantor Equity Partners VI, Inc. $100M IPO (+underwriter overallotment: $15M)
Feb 05: HCIC – Hennessy Capital Investment Corp. VIII $210M IPO (+underwriter overallotment: $31.5M)
Feb 04: CLBR – Colombier Acquisition Corp. III $260M IPO (+underwriter overallotment: $39M)
Feb 03: IRAB – Iris Acquisition Corp Ii $150M IPO (+underwriter overallotment: $18.5M)
Feb 02: WPAC – White Pearl Acquisition Corp $100M IPO (+underwriter overallotment: $15M)

DAILY SPAC UPDATE

SPAC DEAL & EXTENSION VOTES SET
TETEF – Technology & Telecommunication Acquisition Corp * EXTENSION VOTE SET: Feb 20, 2026 * trust $12.92
VMCAF – Valuence Merger Corp I * EXTENSION VOTE SET: Feb 27, 2026 * trust $12.47

OTHER SPAC NEWS
EGHA – EGH ACQUISITION CORP * Media Transcript

SPAC EXECUTIVE / DIRECTOR MOVES

Company	Ticker	Moves
CANTOR EQUITY PARTNERS IV INC	CEPF	On February 10, 2026, Alan Riffkin was appointed to the Board of Directors of Cantor Equity Partners IV, Inc.  (view source)
HALL CHADWICK ACQUISITION CORP	HCAC	On February 4, 2026, Craig Ransley resigned from the Board of Directors, and Matthew J. Hudson was appointed as a director of Hall Chadwick Acquisition Corp.  (view source)
NEW AMERICA ACQUISITION I CORP	NWAX	On February 6, 2026, George O’Leary resigned from the Board of Directors of New America Acquisition I Corp. and Stefan C. Passantino and Kyle Wool were appointed as new directors, with Wool also assuming the role of Chairman of the Board.  (view source)

 

SEPARATE WARRANTS/RIGHTS
Feb 12: SILICON VALLEY ACQUISITION CORP (SVAQ)
Feb 09: LAUNCHPAD CADENZA ACQUISITION CORP I (LPCV)
Feb 09: CHURCHILL CAPITAL CORP XI (CCXI)
Feb 09: VINE HILL CAPITAL INVESTMENT CORP II (VHCP)

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
15.1% ~ $ 12.67 | CCCX – CHURCHILL CAPITAL CORP X (Announced)
1.4% ~ $ 10.56 | CHAC – CRANE HARBOR ACQUISITION CORP (Announced)
.7% ~ $ 10.71 | RTAC – RENATUS TACTICAL ACQUISITION CORP I (Pre-Deal)
.6% ~ $ 10.67 | FVN – FUTURE VISION II ACQUISITION CORP (Announced)
.4% ~ $ 10.38 | KRSP – RICE ACQUISITION CORP 3 (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-5.8% ~ $ 6.50 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
-3.9% ~ $ 12.48 | ASPC – ASPAC III ACQUISITION CORP (Announced)
-1.8% ~ $ 12.24 | OAKU – OAK WOODS ACQUISITION CORP (Announced)
-1.8% ~ $ 48.50 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
-1.7% ~ $ 9.81 | BEBE – TGE VALUE CREATIVE SOLUTIONS CORP (Pre-Deal)