Daily SPAC Update – January 13, 2026

by | Jan 13, 2026

D. Boral ARC + Exascale Labs Deal. AA Mission Sets Extension Vote Date. Ribbon Updates on Redemptions at Extension Vote.

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DAILY SPAC UPDATE

SPAC Deal Alert: D. Boral ARC Acquisition + Exascale Labs

D. Boral ARC Acquisition I Corp. (BCAR) is taking Exascale Labs Inc. public in a merger valuing the AI infrastructure provider at a $500M pre-money equity value. The deal is expected to close in Q2 2026.

The Target: “Picks & Shovels” for the AI Gold Rush
Exascale Labs isn’t just another AI software wrapper; it is a full-stack GPU-as-a-Service (GPUaaS) and hardware infrastructure play. They design and operate the specialized data centers required to train Large Language Models (LLMs).

  • The Pipeline: Exceeds $300M in qualified recurring revenue contracts.
  • Key Asset: Proprietary liquid-cooling and InfiniBand networking stacks optimized for NVIDIA-heavy workloads.
  • Customer Base: High-density mix of academic (MIT), enterprise (NVIDIA/Lepton.ai), and decentralized AI (Near Protocol).
  • The Quantum Angle: Strategic partnership with Quantum eMotion to build “quantum-secured” compute—a critical differentiator for sovereign and enterprise data security.

Transaction Highlights

Metric Detail
Equity Value $500 Million (Pre-transaction)
Insider Alignment 100% equity rollover by existing shareholders
Closing Condition $5M minimum cash requirement (Redemption-resistant)
Management Veterans from AWS, Microsoft, and Dell

 

The Bull Case: Exascale is capturing the massive supply-demand imbalance in the GPU market. While hyperscalers (Azure/AWS) are backlogged, Exascale’s modular approach allows for faster deployment. The $500M valuation is surprisingly modest for the AI sector, potentially leaving room for “pop” if they convert their $300M pipeline into GAAP revenue.

The Risk: Compute is a capital-intensive arms race. Exascale will need to prove they can secure consistent allocations of the latest chips (B200s and beyond) to keep their “blue-chip” customers from migrating to larger clouds.

SPAC DEAL & EXTENSION VOTES SET
AAM – AA Mission Acquisition Corp * EXTENSION VOTE SET: Jan 28, 2026 * trust $10.67

OTHER SPAC NEWS
RIBB – RIBBON ACQUISITION CORP * Redemption Update * 1,436,867 redeemed * trust $10.40
IPCX – INFLECTION POINT ACQUISITION CORP III * Investor Deck
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * Investor Deck
FTW – EQV VENTURES ACQUISITION CORP * Investor Deck
BCAR – D BORAL ARC ACQUISITION I CORP * Merger Agreement
CDAQ – COMPASS DIGITAL ACQUISITION CORP * Merger Agreement

NEW SPAC IPOs
Jan 09: ZKP – Lafayette Digital Acquisition Corp. I $250M IPO (+underwriter overallotment: $37.5M)
Jan 08: BBCQ – Bleichroeder Acquisition Corp. II $250M IPO (+underwriter overallotment: $37.5M)
Jan 07: SORN – Soren Acquisition Corp. $220M IPO (+underwriter overallotment: $33M)
Jan 06: BIII – Black Spade Acquisition III Co $150M IPO (+underwriter overallotment: $22.5M)
Jan 06: ARTC – Art Technology Acquisition Corp. $220M IPO (+underwriter overallotment: $0M)

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
1.3% ~ $ 10.64 | RIBB – RIBBON ACQUISITION CORP (Announced)
1.3% ~ $ 10.44 | PELI – PELICAN ACQUISITION CORP (Announced)
.8% ~ $ 10.04 | KOYN – CSLM DIGITAL ASSET ACQUISITION CORP III LTD (Pre-Deal)
.7% ~ $ 11.21 | CHAC – CRANE HARBOR ACQUISITION CORP (Announced)
.6% ~ $ 11.87 | BAYA – BAYVIEW ACQUISITION CORP (Announced)

YESTERDAY’S TOP SPAC LOSERS
-7.9% ~ $ 12.34 | TBMC – TRAILBLAZER MERGER CORP I (Announced)
-5.3% ~ $ 63.51 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
-2.1% ~ $ 12.03 | ALCY – ALCHEMY INVESTMENTS ACQUISITION CORP 1 (Announced)
-2.1% ~ $ 12.53 | WLAC – WILLOW LANE ACQUISITION CORP (Announced)
-1.9% ~ $ 10.95 | CEPT – CANTOR EQUITY PARTNERS II INC (Announced)

LATEST SPAC IPO PERFORMANCE
Jan 09 | ZKP – Lafayette Digital Acquisition Corp. I
Jan 08 | $ 10.06 | BBCQ – Bleichroeder Acquisition Corp. II
Jan 07 | $ 9.96 | SORN – Soren Acquisition Corp.
Jan 06 | $ 10.01 | BIII – Black Spade Acquisition III Co
Jan 06 | $ 9.99 | ARTC – Art Technology Acquisition Corp.
Dec 23 | $ 9.97 | SVAQ – Silicon Valley Acquisition Corp.
Dec 23 | $ 10.00 | SCPQ – Social Commerce Partners Corp
Dec 19 | $ 9.94 | BEBE – TGE Value Creative Solutions Corp
Dec 18 | $ 10.04 | VHCP – Vine Hill Capital Investment Corp. II
Dec 18 | $ 10.00 | LPCV – Launchpad Cadenza Acquisition Corp I
Dec 18 | $ 9.99 | ADAC – American Dynamism Acquisition Co
Dec 17 | $ 9.96 | IRHO – Iron Horse Acquisition Corp. II
Dec 17 | $ 10.29 | CCXI – Churchill Capital Corp XI
Dec 16 | $ 10.12 | CRAN – Crane Harbor Acquisition Corp. II

Recent Analysis

Daily SPAC Update – January 12, 2026

Ribbon Acquisition Extension Approved to 2027. Everest Consolidator and Clean Energy Special Situations Set Extension Votes. Crane Harbor II Separate Trading.

Daily SPAC Update – January 9, 2026

Lafayette Digital I $250 million IPO. Broad Capital and Ribbon Acquisition Extension Votes. Crane Harbor II and Twelve Seas III Separate Trading.

Daily SPAC Update – January 8, 2026

Gundlach’s Bleichroeder Acquisition II $250M SPAC IPO.  Cartica Deal with Nidar Infrastructure Terminated and Expects to Liquidate. Twelve Seas Investment Separate Trading.

Daily SPAC Update – January 7, 2026

Soren Acquisition IPO Makes it 3 Already in January. Compass Digital Announced Deal with Key Mining. Welsbach Technology DeSPACs to Evolution Metals.

Daily SPAC Update – January 6, 2026

Lawrence Ho Brings Black Spade III to the Market while Daniel Cohen Launches $220M SPAC. Wellsbach and Metal Sky Extensions Approved. Blueport and Allusa Energy Separate Trading.

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