Daily SPAC Update – March 23, 2026

by | Mar 23, 2026

Cayson Extension Approved. Pelican + Greenland Exploration/March GL Deal Approved. Technology & Telecommunications Deal Vote.

SPAC IPO UPDATE

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 7•Prior: 27•MoM: -20
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
24
Jan ’26
27Peak
Feb ’26
7
Mar ’26
Source: Boardroom Alpha
New SPAC IPOs
DateTickerIssuerIPO Size
Mar 20BWIVBlue Water Acquisition Corp. IV$125M
Mar 19BHAVBHAV ACQUISITION CORP$100M
Mar 13PONOPONO CAPITAL FOUR INC$120M
Source: Boardroom Alpha

DAILY SPAC UPDATE

SPAC VOTE RESULTS
CAPN – CAYSON ACQUISITION CORP * Extend to Mar 23, 2027 * 2,541,908 redeemed
PELI – PELICAN ACQUISITION CORP * Deal Approved with Greenland Exploration Limited / March GL Company * 7,562,343 redeemed * $77,740,886 removed * trust $10.28

SPAC DEAL & EXTENSION VOTES SET
TETEF – Technology & Telecommunication Acquisition Corp * DEAL VOTE SET: Mar 30, 2026 * trust $13.15

SEPARATE WARRANTS/RIGHTS
Mar 27: ARMADA ACQUISITION CORP III (AACI)
Mar 23: NEWBRIDGE ACQUISITION LTD (NBRG)
Mar 23: MUZERO ACQUISITION CORP (TBD)
Mar 20: SPACE ASSET ACQUISITION CORP (SAAQ)
Mar 20: KRAKACQUISITION CORP (KRAQ)

OTHER SPAC NEWS
LEGT – LEGATO MERGER CORP III * Investor Deck
LEGT – LEGATO MERGER CORP III * Media Transcript
CEPO – CANTOR EQUITY PARTNERS I INC * Media Transcript

SPAC DEAL TERMINATIONS (Last 10 Days)
2026-03-17: QSEA + Zhejiang Gaokai New Materials Co

SPAC Executive & Director Moves
CompanyTickerMoves
FIFTH ERA ACQUISITION CORP IFERA
  • Gary Cookhorn resigned as a director effective March 17, 2026, and Donald Putnam was appointed as a director effective March 20, 2026.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
CompanyTickerChangePriceStage
AIMEI HEALTH TECHNOLOGY CO LTDAFJK 4.6%$ 27.50Announced
HORIZON SPACE ACQUISITION II CORPHSPT 1.2%$ 8.15Announced
GLOBA TERRA ACQUISITION CORPGTER 0.6%$ 10.26Pre-Deal
SILVERBOX CORP VSBXE 0.6%$ 10.03Pre-Deal
LIGHTWAVE ACQUISITION CORPLWAC 0.6%$ 10.19Pre-Deal
 
YESTERDAY’S TOP SPAC LOSERS
CompanyTickerChangePriceStage
PELICAN ACQUISITION CORPPELI -25.9%$ 7.54Announced
VOYAGER ACQUISITION CORPVACH -9.6%$ 10.50Announced
RISING DRAGON ACQUISITION CORPRDAC -8.9%$ 5.10Announced
TRAILBLAZER MERGER CORP ITBMC -3.8%$ 10.10Announced
GIGCAPITAL9 CORPGIX -2.6%$ 9.80Pre-Deal
Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC Update – April 20, 2026

Piermont Announces Deal with Tigerless Health. Climaterock sets extension vote. Horizon Space Extension Vote Today. Suma, TRG Latin America, and MOZAYYX Separate Trading.

Daily SPAC Update – April 15, 2026

Two New SPAC IPOs as NewHold Investment IV and QuasarEdge Acquisition 2 Debut. Drugs Made in America Sets Extension Vote. TLGY Extension Vote.

Daily SPAC Update – April 14, 2026

Two SPAC Deals as Sizzle Acquisition II + Trasteel Holdings and Investcorp AI + Blue Finance are Announced. Maywood II $100M IPO. 5 SPACs Set for Separate Trading This Week.

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