Roman DBDR Announces Deal with ThomasLloyd Climate Solutions. Legato Merger III PIPE Update. EQ Ventures + Presidio Petrolium Deal Vote.
SPAC IPO UPDATE
SPAC IPO Count
SPAC IPO: ILLUMINATION ACQUISITION CORP I (ILLU)
Ticker: ILLU (Units: ILLUU)
Size: $200 Million
Sponsor: Illumination Sponsor LLC
Illumination Acquisition Corp I priced its $200 million initial public offering on February 26, 2026, and begins trading on the Nasdaq today. This launch signals a strategic play for mid-market leadership in the media and entertainment landscape. By targeting the intersection of content and technology, the management team aims to capitalize on the ongoing consolidation within the digital media ecosystem and the burgeoning demand for proprietary intellectual property.
Strategy: The SPAC is targeting high-growth sectors within Media, Entertainment, and Technology. Specific areas of interest include content production, digital distribution platforms, live entertainment, and consumer-facing technology applications that leverage global brand recognition.
Leadership Team:
- John Farrell (CEO & Chairman): A seasoned media executive with a track record of scaling digital platforms. He previously held senior leadership roles at Google and YouTube, where he spearheaded international expansion and creator ecosystem development.
- Sarah Evans (CFO): Brings extensive experience in capital markets and corporate development, having previously served as a finance lead at major media conglomerates and overseen multiple high-stakes M&A transactions.
Structure: 20 million units at $10.00. Each unit consists of one Class A ordinary share and one-half (1/2) of one redeemable warrant. The half-warrant structure is a traditional incentive for IPO investors, providing significant leverage upon the announcement of a definitive agreement. Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| Feb 27 | ILLU | Illumination Acquisition Corp. I | $200M |
| Feb 26 | TRAD | APEX Tech Acquisition Inc. | $100M |
| Feb 26 | FVAV | Fortress Value Acquisition Corp. V | $250M |
| Feb 26 | TRGS | TRG Latin America Acquisitions Corp. | $200M |
| Feb 25 | MZYX | MOZAYYX Acquisition Corp. | $261M |
| Feb 24 | CTAA | CLEARTHINK 1 ACQUISITION CORP | $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 |
DAILY SPAC UPDATE
SPAC DEALS ANNOUNCED
Feb 27 | DRDB – Roman DRDB Acquisition Corp II + ThomasLloyd Climate Solutions
Founded in 2003, ThomasLloyd is a vertically integrated provider of sustainable energy, decarbonization, and climate finance solutions. The company integrates development, investment, and operations into a single platform, serving governments, multinational corporations, and institutional clients in more than 50 countries. Its activities encompass renewable power generation, sustainable fuels, water and waste infrastructure, and energy efficiency. To date, the firm’s specialists have been involved in the realization and operation of approximately 28 GW of power generation capacity and related infrastructure. ThomasLloyd manages the full project lifecycle from origination through long-term operations, utilizing an integrated model that combines financial structuring with technical execution.
MERGER VOTES
FTW – Eqv Ventures Acquisition Corp + Presidio Petroleum
Headquartered in Fort Worth, TX, Presidio is a leading operator of mature oil and gas wells across the Mid-Continent. The company is focused exclusively on optimizing existing production and generating sustainable cash flow from low-decline, producing assets.
XTENSION VOTES
VMCAF – VALUENCE MERGER CORP I * vote February 27, 2026 -> extend from from March 3, 2026 to from March 3, 2027
SPAC DEAL & EXTENSION VOTES SET
CPTK – Crown Proptech Acquisitions * EXTENSION VOTE SET: Mar 09, 2026 * trust $11.80
WINV – Winvest Acquisition Corp * EXTENSION VOTE SET: Mar 13, 2026 * trust $14.36
SPAC VOTE RESULTS
TETEF – TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP * Extend to Aug 20, 2026 * 100 redeemed
SEPARATE WARRANTS/RIGHTS
Mar 02: SPRING VALLEY ACQUISITION CORP IV (SVIV)
Feb 27: COLUMBUS CIRCLE CAPITAL CORP II (CMII)
Feb 27: SPACSPHERE ACQUISITION CORP (SSAC)
Feb 27: SOREN ACQUISITION CORP (SORN)
Feb 27: ART TECHNOLOGY ACQUISITION CORP (ARTC)
Feb 26: RF ACQUISITION CORP III (RFAM)
Feb 25: D BORAL ACQUISITION I CORP (DBCA)
Feb 24: WHITE PEARL ACQUISITION CORP (WPAC)
Feb 24: IRIS ACQUISITION CORP II (IRAB)
OTHER SPAC NEWS
LEGT – LEGATO MERGER CORP III * Merger Agreement Amendment
LEGT – LEGATO MERGER CORP III * PIPE Update
CHAC – CRANE HARBOR ACQUISITION CORP * Media Transcript
SPAC MOVERS
| Company | Ticker | Return | Price | Stage |
|---|---|---|---|---|
| OAKTREE ACQUISITION CORP III LIFE SCIENCES | OACC | 1.1% | $ 10.70 | Pre-Deal |
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | .7% | $ 32.31 | Announced |
| DUNE ACQUISITION CORP II | IPOD | .7% | $ 10.39 | Pre-Deal |
| CANTOR EQUITY PARTNERS II INC | CEPT | .6% | $ 11.52 | Announced |
| BLUE WATER ACQUISITION CORP III | BLUW | .6% | $ 10.37 | Pre-Deal |
| Company | Ticker | Return | Price | Stage |
|---|---|---|---|---|
| EQV VENTURES ACQUISITION CORP | FTW | -5.5% | $ 11.27 | Announced |
| PERCEPTIVE CAPITAL SOLUTIONS CORP | PCSC | -5.0% | $ 12.68 | Pre-Deal |
| TRAILBLAZER MERGER CORP I | TBMC | -3.7% | $ 11.08 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | -2.0% | $ 4.90 | Announced |
| AMERICAN EXCEPTIONALISM ACQUISITION CORP A | AEXA | -1.9% | $ 11.14 | Pre-Deal |