Daily SPAC Update – March 24, 2026

by | Mar 24, 2026

DeSPAC for Pelican + Greenland Exploration/March GL Expected Today. Goldenstone Extension Approved. Technology & Teleccomunications Deal Vote Set.

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
Source: Boardroom Alpha

DAILY SPAC UPDATE

SPAC VOTE RESULTS
GDST – GOLDENSTONE ACQUISITION LTD * Extend to Dec 21, 2026 * 422,840 redeemed

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)

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
CompanyTickerChangePriceStage
PELICAN ACQUISITION CORPPELI 5.4%$ 7.95Announced
TRAILBLAZER MERGER CORP ITBMC 5.0%$ 10.60Announced
AMERICAN EXCEPTIONALISM ACQUISITION CORP AAEXA 0.9%$ 11.20Pre-Deal
WILLOW LANE ACQUISITION CORPWLAC 0.8%$ 11.07Announced
ASPAC III ACQUISITION CORPASPC 0.6%$ 10.96Announced
 
YESTERDAY’S TOP SPAC LOSERS
CompanyTickerChangePriceStage
VOYAGER ACQUISITION CORPVACH -3.8%$ 10.10Announced
AIMEI HEALTH TECHNOLOGY CO LTDAFJK -1.4%$ 27.12Announced
RISING DRAGON ACQUISITION CORPRDAC -1.4%$ 5.03Announced
SILVERBOX CORP VSBXE -1.2%$ 9.91Pre-Deal
OAKTREE ACQUISITION CORP III LIFE SCIENCESOACC -0.7%$ 10.63Pre-Deal
Source: Boardroom Alpha market data

Recent Analysis

Daily SPAC: BREZ $125M IPO, GPAT Non-Redemption Agreements – May 13, 2026

GP-ACT III Acquisition (GPAT) disclosed non-redemption agreements tied to extension and trust-amendment votes, with investors pledging support and no redemptions alongside sponsor share transfers. Breeze Acquisition Corp. II (BREZ) priced a $125M IPO today with 100.2% initial trust funding; May MTD is 6 IPOs for $825M through 13 sessions vs. 2 IPOs / $350M at the same point last month.

Daily SPAC: CAEP Forward Purchase, AIR-Pubco – May 12, 2026

Cantor Equity Partners III (CAEP) announced a forward purchase with Harraden Circle to fund the CAEP-AIR-Pubco business combination. Columbus Acquisition (COLA) issued a convertible extension note to WISeSat.Space. MTD: 5 SPAC IPOs raised $700M through the first 12 sessions of May vs. 2 IPOs / $350M over the same span in April.

Daily SPAC Update – May 11, 2026

Risking Dragon (RDAC) extension vote set. Flag Ship enters letter of intent with Bluechip. Alchemy Investments to delist and move to OTC on May 14.

Daily SPAC Update – May 8, 2026

Starlink AI Acquisition Corp (OTAI) launched its $100 million IPO today, marking the fifth SPAC IPO this month, raising a total of $800 million. APAD DeSPACs to Enhanced Ltd. Meanwhile, GigCapital7 Corp (GIG) secured non-redemption waivers to support its merger with Hadron Energy, while Climatetrock (CLRCF) extended its deadline to November 2026 with $59,922 removed from trust.

Viasat Agrees to Add Two Carronade-Backed Directors

Viasat Inc. (VSAT) has entered into a cooperation agreement with Carronade Capital Management, expanding its board from eight to ten directors. This agreement comes as Viasat trails the S&P 500 by 6 points on a five-year CAGR basis. Carronade, holding a 3.8% stake, secures two independent board seats.

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