Daily SPAC Update – February 24, 2026

by | Feb 24, 2026

SPAC IPO Surge Continues as Clearthink Acquisition IPOs. Spring Valley + Eagle Energy Metals Deal Approved. March Extension Votes Being Set.

SPAC IPO UPDATE

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 22•Prior: 24•MoM: -2
8
Feb ’25
3
Mar ’25
12
Apr ’25
22
May ’25
10
Jun ’25
13
Jul ’25
8
Aug ’25
14
Sep ’25
14
Oct ’25
10
Nov ’25
22
Dec ’25
24Peak
Jan ’26
22
Feb ’26
Source: Boardroom Alpha
New SPAC IPOs
Date Ticker Issuer IPO Size
Feb 24 CTAA CLEARTHINK ACQUISITION 1 $150M
Feb 19 AACO ABONY ACQUISITION CORP I $200M  $30M overallotment
Feb 19 ACAA AVERIN CAPITAL ACQUISITION CORP $250M
Feb 19 PALO PALOMA ACQUISITION CORP I $150M
Feb 18 AACI ARMADA ACQUISITION CORP III $225M  $24M overallotment
Source: Boardroom Alpha

DAILY SPAC UPDATE

SPAC VOTE RESULTS
SVIIF – SPRING VALLEY ACQUISITION CORP II * Deal Approved with Eagle Energy Metals Corp.

SPAC DEALS ANNOUNCED
Feb 23 | RAAQ – Real Asset Acquisition Corp + IQM US LLC

ABOUT IQM US LLC
IQM Finland Oy (“IQM”, “IQM Quantum Computers”, “Company”) is a global leader in superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its systems. IQM customers include leading high-performance computing centres, research laboratories, universities, and enterprises that require full access to quantum hardware and software. IQM has over 300 employees, with headquarters in Finland and a global presence including France, Germany, Italy, Japan, Poland, Saudi Arabia, Spain, Singapore, South Korea, Taiwan, UK and the United States.

SPAC DEAL & EXTENSION VOTES SET
CAPN – Cayson Acquisition Corp * EXTENSION VOTE SET: Mar 18, 2026 * trust $10.80
IBAC – IB Acquisition Corp * EXTENSION VOTE SET: Mar 26, 2026 * trust $10.76
WELNF – Integrated Wellness Acquisition Corp * EXTENSION VOTE SET: Mar 12, 2026 * trust $12.91
RIBB – Ribbon Acquisition Corp * EXTENSION FEE CHANGE VOTE SET: Mar 12, 2026 * trust $10.49

SPAC LIQUIDATIONS
Cartica Acquisition Corp (CITE)-> Liquidation on Feb 25

SEPARATE WARRANTS/RIGHTS
Feb 25: D BORAL ACQUISITION I CORP (DBCA)
Feb 24: IRIS ACQUISITION CORP II (IRAB)
Feb 24: WHITE PEARL ACQUISITION CORP (WPAC)

SPAC Executive & Director Moves
Company Ticker Moves
ARMADA ACQUISITION CORP III AACIU
  • On February 19, 2026, Mohammad A. Kahn, Thomas A. Decker, and Celso L. White were appointed as independent directors to the Company’s board and assigned to various committee roles.  (view source)
DIGITAL ASSET ACQUISITION CORP DAAQ
  • Peter Ort and Michael Sonnenshein intend to join the board of directors of Pubco upon the consummation of the Business Combination, subject to regulatory approval.  (view source)
MILUNA ACQUISITION CORP MMTX
  • On February 17, 2026, Mei Chi Tsai resigned from her position on the board of directors of Miluna Acquisition Corp.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Return Price Stage
RISING DRAGON ACQUISITION CORP RDAC 8.9% $ 5.00 Announced
TRAILBLAZER MERGER CORP I TBMC 3.4% $ 10.11 Announced
REAL ASSET ACQUISITION CORP RAAQ 1.9% $ 10.50 Announced
DT CLOUD STAR ACQUISITION CORP DTSQ 1.5% $ 11.06 Announced
LAUNCH ONE ACQUISITION CORP LPAA .8% $ 10.73 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Return Price Stage
ASPAC III ACQUISITION CORP ASPC -4.8% $ 11.71 Announced
AIMEI HEALTH TECHNOLOGY CO LTD AFJK -3.2% $ 36.73 Announced
PERCEPTIVE CAPITAL SOLUTIONS CORP PCSC -2.5% $ 13.00 Pre-Deal
CANTOR EQUITY PARTNERS II INC CEPT -2.1% $ 11.06 Announced
M EVO GLOBAL ACQUISITION CORP II MEVO -1.7% $ 9.86 Pre-Deal
Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC Update – February 18, 2026

Armada Acquisition III IPOs for $225 Million. Horizon Acquisition II SL Bio Deal and Extension Approved. Andretti Acquisition II Deal with StoreDot Terminated.

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