Daily SPAC Update – March 16, 2026

by BA Research | Mar 16, 2026

Ross Acquisition II Extension Vote. Praetorian and Archimedes Tech III Separate Trading.

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SPAC SEC Filings

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SPAC IPO UPDATE

SPAC IPO Count

Monthly IPOs (last 13 months)

Latest: 5•Prior: 27•MoM: -22

Mar ’25

Apr ’25

May ’25

Jun ’25

Jul ’25

Aug ’25

Sep ’25

Oct ’25

Nov ’25

Dec ’25

Jan ’26

27Peak

Feb ’26

Mar ’26

Source: Boardroom Alpha

New SPAC IPOs

Date	Ticker	Issuer	IPO Size
Mar 13	PONO	Pono Capital Four, Inc.	$120M
Mar 12	MTAL	Metals Acquisition Corp. II	$200M
Mar 11	SUMA	SUMA Acquisition Corp	$150M $23M overallotment

Source: Boardroom Alpha

DAILY SPAC UPDATE

EXTENSION VOTES
ROSS – ROSS ACQUISITION CORP II * vote March 16, 2026 -> extend from March 16, 2026 to September 16, 2026

SPAC DEALS ANNOUNCED
Mar 12 | QETA – Quetta Acquisition Corp + Smart Kreate Group
Smart Kreate Group is a premier cloud logistics technology conglomerate. Through its core subsidiaries—Smart Minds Holdings, and Times Express and H2N— SKG is building the digital backbone of global trade. Its AI-enabled infrastructure connects transportation data across the entire value chain, empowering enterprises with the visibility and intelligence required to navigate modern supply chain complexities.

OTHER SPAC NEWS
CAPN – CAYSON ACQUISITION CORP * Proxy for Vote to Change Extension Fee

SEPARATE WARRANTS/RIGHTS
Mar 16: PRAETORIAN ACQUISITION CORP (PTOR)
Mar 16: ARCHIMEDES TECH SPAC PARTNERS III CO (ARCI)
Mar 13: X3 ACQUISITION CORP LTD (XCBE)

SPAC Executive & Director Moves

Company	Ticker	Moves
APEX TREASURY CORP	APXT	David Mikulecky resigned from Apex Treasury Corporation’s board of directors on March 9, 2026, and Stephen CuUnjieng was appointed as a Class I director on March 13, 2026. (view source)
PELICAN ACQUISITION CORP	PELI	On March 13, 2026, Ashiq Merchant was appointed as Chief Financial Officer of Greenland Energy Company. (view source)
SUMA Acquisition Corp		Effective March 10, 2026, Audie Attar, Christopher Bradley, Bogdan Cenanovic, Lawrence Hu, and Ted Fike were appointed to the Board of the Company, with Bradley as chair of the Audit Committee and Fike as chair of the Compensation Committee. (view source)

Source: SEC EDGAR filings via Boardroom Alpha

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS

Company	Ticker	Change	Price	Stage
TRAILBLAZER MERGER CORP I	TBMC	3.5%	$ 10.51	Announced
DT CLOUD STAR ACQUISITION CORP	DTSQ	1.9%	$ 11.06	Announced
QUETTA ACQUISITION CORP	QETA	1.7%	$ 11.50	Announced
COLUMBUS CIRCLE CAPITAL CORP II	CMII	1.0%	$ 9.95	Pre-Deal
LAUNCH ONE ACQUISITION CORP	LPAA	0.8%	$ 10.74	Pre-Deal

YESTERDAY’S TOP SPAC LOSERS

Company	Ticker	Change	Price	Stage
PELICAN ACQUISITION CORP	PELI	-8.3%	$ 9.44	Announced
AIMEI HEALTH TECHNOLOGY CO LTD	AFJK	-4.3%	$ 25.61	Announced
HORIZON SPACE ACQUISITION II CORP	HSPT	-3.8%	$ 8.65	Announced
ASPAC III ACQUISITION CORP	ASPC	-2.6%	$ 10.85	Announced
VOYAGER ACQUISITION CORP	VACH	-2.4%	$ 10.74	Announced

Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC Update – March 13, 2026

Pono Capital Four Downsized $120M IPO. Inflection Point IV + Merlin Deal Approved. Haymaker 4 + Concrete Partners Deal Vote Today.

Daily SPAC Update – March 12, 2026

Metals Acquisition II IPOs. Inflection Point IV + Merlin and Voyager + VERAXA Deal Votes. Harry You Talks Up Quantum Deal for DMY.

Daily SPAC Update – March 11, 2026

Yotta Deal with DRIVEiT Financial Terminated. SUMA Acquisition $150M IPO. TLGY + StablecoinX Assets Deal Approved.

Daily SPAC Update – March 10, 2026

Plum IV + Controlled Thermal Resources and Calisa + GoodVision AI Deals. TLGY + Stabecoin X Assets Deal Vote. DMY Squared PIPE Updates.

Daily SPAC Update – March 9, 2026

Drugs Made in America CEO Lynn Stockwell Terminated after Improper Withdrawals. DMY Squared Increases PIPE. Plum IV $4.7B Deal with CTR.

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