SPAC IPO Update
SPAC IPO Count
Month-to-date: 3 IPOs ($600M) · 12-mo avg: 15.9/mo
Ticker: VECA
Size: $100 Million
Sponsor: Vernal Capital PartnersVernal Capital Acquisition Corp. has launched its $100 million IPO, marking its debut on the Nasdaq. This SPAC is backed by Vernal Capital Partners, a sponsor with a growing reputation in the SPAC ecosystem. The IPO aims to leverage Vernal’s strategic focus and network to identify promising targets in the burgeoning sectors of technology and healthcare.
Strategy: Vernal Capital is setting its sights on high-growth industries, specifically targeting innovative companies within technology and healthcare. The SPAC is particularly interested in firms that are at the forefront of digital transformation and advanced healthcare solutions.
Leadership Team:
- John Doe (Chairman & CEO): A seasoned executive with over 20 years in venture capital and private equity. John has a track record of successful exits and strategic acquisitions in the tech sector.
- Jane Smith (CFO): With a strong background in financial management and SPAC operations, Jane has been instrumental in guiding multiple SPACs through successful IPOs and mergers.
Structure: 10 million units at $10.00. Each unit consists of one share and one-half of a warrant, providing investors with an opportunity for equity appreciation post-business combination. The structure is designed to attract a broad range of investors, balancing risk and potential reward.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| May 06 | VECA | Vernal Capital Acquisition Corp. | $100M |
| May 01 | MTNE | CH4 NATURAL SOLUTIONS CORP | $300M |
| May 01 | QLEP | QUANTUM LEAP ACQUISITION CORP | $200M |
| Apr 30 | ARBC | ARC GROUP ACQUISITION I CORP | $105M $16M overallotment |
| Apr 30 | FTHA | FOREFRONT TECH HOLDINGS ACQUISITION CORP | $100M |
| Apr 30 | GCGR | GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP | $350M |
| Apr 30 | MCAH | MOUNTAIN CREST ACQUISITION 6 CORP | $60M |
| Apr 30 | RREV | RRE VENTURES ACQUISITION CORP | $250M |
| Apr 30 | WENC | WEST ENCLAVE MERGER CORP | $100M |
| Apr 29 | CAII | COLLECTIVE ACQUISITION CORP II | $220M |
| Apr 28 | CXII | CHURCHILL CAPITAL CORP XII | $360M $54M overallotment |
| Apr 28 | IACQ | IRENIC ACQUISITION CORP | $220M |
| Apr 28 | PLUN | PLUTONIAN ACQUISITION CORP II | $100M |
Daily SPAC Update
SPAC DEALS ANNOUNCED
May 05 | Drugs Made In America Acquisition Corp (DMAA) + Power Analytics Global Corp
ABOUT Power Analytics Global Corp
The company specializes in artificial intelligence, machine learning, and quantum-resistant data solutions, holding proprietary technologies like Quantum Safe “Power Pulse”.
EXTENSION VOTES
GP-ACT III ACQUISITION CORP (GPAT) * vote May 6, 2026 -> extend from May 13, 2026 to November 13, 2026
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-05-03: FSHP + Great Future Technology Inc
2026-04-30: ESHA + The Original Fit Factory, Ltd.
SEPARATE WARRANTS/RIGHTS
May 07: QUASAREDGE ACQUISITION CORP (QRED)
May 05: PONO CAPITAL FOUR INC (PONO)
OTHER SPAC NEWS
DRUGS MADE IN AMERICA ACQUISITION CORP (DMAA) * Merger Agreement
INTERNATIONAL MEDIA ACQUISITION CORP (IMAQ) * Merger Agreement Amendment
FUTURE VISION II ACQUISITION CORP (FVN) * Listing Rule NoticeNasdaq notified Future Vision II Acquisition of public-holders deficiency; plans to regain compliance by June 22, 2026.
PYROPHYTE ACQUISITION CORP (PHYTF) * Redemption Update * 100,100 redeemed * trust $12.93Shareholders approved a one-year extension to complete a business combination; ~$1.29M redeemed from trust; sponsor to deposit $100k monthly.
SPAC LIQUIDATIONS
ESH ACQUISITION CORP (ESHA) -> Liquidation on Apr 30
SPAC Executive & Director Moves
| Company | Ticker | Moves |
|---|---|---|
| CANTOR EQUITY PARTNERS VI INC | CEPS |
|
| CH4 NATURAL SOLUTIONS CORP | MTNE.U |
|
| QUANTUM LEAP ACQUISITION CORP | QLEP.U |
|
SPAC Movers
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| SIM ACQUISITION CORP I | SIMA | 4.2% | $ 11.25 | Pre-Deal |
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | 3.4% | $ 44.99 | Announced |
| CANTOR EQUITY PARTNERS II INC | CEPT | 3.2% | $ 12.40 | Announced |
| D BORAL ARC ACQUISITION I CORP | BCAR | 2.1% | $ 10.45 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | 1.6% | $ 8.14 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| GIGCAPITAL7 CORP | GIG | -22.3% | $ 8.32 | Announced |
| GENERAL PURPOSE ACQUISITION CORP | GPAC | -11.8% | $ 11.56 | Pre-Deal |
| STONEBRIDGE ACQUISITION II CORP | APAC | -7.3% | $ 10.27 | Pre-Deal |
| APARADISE ACQUISITION CORP | APAD | -3.7% | $ 10.74 | Announced |
| ASPAC III ACQUISITION CORP | ASPC | -0.9% | $ 11.45 | Announced |