SPAC IPO Update — August 28, 2026
1 SPAC IPO priced on August 28, 2026, raising $250M; August MTD now stands at 12 IPOs totaling $1.71B over 28 sessions.
SPAC IPO Count
Month-to-date: 12 IPOs ($1.71B) vs. first 28 days of last month 16 ($3.47B) · 12-mo avg: 17/mo
$ totals include underwriter over-allotment.
Inflection Point Acquisition Corp. VIII filed for a $250M IPO, trading on Nasdaq under IPHX. The SPAC targets North American and European businesses in disruptive growth sectors, leveraging the management team’s extensive experience in venture-stage and early-stage investments.
Structure: Each unit priced at $10.00, consisting of one Class A ordinary share and one-third of one warrant. No fractional warrants issued; whole warrants exercisable at $11.50 per share.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| Aug 28 | IPHX | Inflection Point Acquisition Corp. VIII | $250M | 100.0% |
| Aug 27 | RNAQ | Rainier Acquisition Corp | $75M | 100.0% |
| Aug 26 | JTTT | JATT III ACQUISITION CORP | $60M | 100.0% |
| Aug 26 | SCAT | SOUTHERN CROSS ACQUISITION II CORP | $75M $2M overallotment | 100.0% |
| Aug 18 | XTER | KARMAN LINE ACQUISITION CORP | $200M | 100.0% |
| Aug 18 | NSAI | NORTHSTRIVE ACQUISITION CORP I | $100M | 100.0% |
Daily SPAC Update — August 28, 2026
SPAC DEALS ANNOUNCED
August 27 | Black Spade Acquisition III Co (BIII) + Astrum Space IncAstrum Space Inc develops a next-generation S2D broadcast network to provide wide-area data and content services in the Asia-Pacific region. It utilizes 25 MHz of contiguous L-band spectrum at 1467–1492 MHz and resources linked to the 105°E geostationary position. The company operates a wholesale business model, targeting mobile network operators, broadcasters, governments, and enterprise customers, offering its GEO platform as a broadcast layer that complements terrestrial mobile networks.
August 25 | Bleichroeder Acquisition Corp III (BCCQ) + URSA MAJOR TECHNOLOGIES, INC.Ursa Major Technologies, Inc. is an aerospace and defense company that develops hypersonics, solid rocket motors, and space mobility systems. It is headquartered in Berthoud, Colorado, with additive manufacturing operations in Youngstown, Ohio. The company focuses on producing systems for various domains, including land, air, sea, and space, aiming to enhance the defense industrial base for the U.S. and its allies.
EXTENSION VOTES
ANDRETTI ACQUISITION CORP II (POLE)vote August 28, 2026 -> extend to from September 9, 2026 to September 9, 2027
DeSPACs
August 28 | BCAR DeSPAC → Exascale Labs Inc (XLAB)Exascale Labs Inc is a GPU cloud-infrastructure provider that develops AI compute platforms. It designs and operates systems that include modular data centers, liquid-cooling infrastructure, InfiniBand networking, and GPU procurement and leasing. The company also offers a proprietary control plane for resource scheduling, telemetry, monitoring, maintenance, and workload placement.
August 28 | BBCQ DeSPAC → Pasqal (PSQL)Pasqal specializes in neutral-atom quantum computing, converting research into practical applications for various sectors, including industry, science, and government. Founded in 2019 and headquartered in France, it develops quantum systems and cloud-ready software to tackle challenges in optimization, simulation, and artificial intelligence. The company employs over 275 people and serves more than 25 clients, including notable names such as CMA CGM, Thales, and IBM.
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-08-20: CEPO + BSTR, Holdings Inc.
SEPARATE WARRANTS/RIGHTS
August 27: KARMAN LINE ACQUISITION CORP (XTER)
OTHER SPAC NEWS
BLACK SPADE ACQUISITION III CO (BIII) * Merger Agreement
BLEICHROEDER ACQUISITION CORP III (BCCQ) * Media TranscriptMach X to merge with Ursa Major; post-close entity renamed/domesticated; Ursa Major production to 500 missiles/year; proxy materials to follow.
COLUMBUS CIRCLE CAPITAL CORP II (CMII) * Media TranscriptElroy Air test flights advance Liftoff Louisiana; IPAC VII merger with Elroy Air is proceeding.
SILICON VALLEY ACQUISITION CORP (SVAQ) * Media TranscriptEigenQ and Silicon Valley Acquisition Corp. plan a de-SPAC merger to list as EIGQ, anchored by plug-and-play quantum-entropy PCIe boards.
Timber Road Acquisition Corp * Registration Withdrawn
TITAN ACQUISITION CORP (TACH) * Investor Deck
SPAC LIQUIDATIONS
ARTIUS II ACQUISITION INC (AACB) -> Liquidation on August 19
SPAC Movers — August 28, 2026
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| GENERAL PURPOSE ACQUISITION CORP | GPAC | 23.1% | $ 10.06 | Pre-Deal |
| FUTURE VISION II ACQUISITION CORP | FVN | 16.3% | $ 11.35 | Announced |
| RF ACQUISITION CORP II | RFAI | 6.3% | $ 51.99 | Announced |
| HENNESSY CAPITAL INVESTMENT CORP VII | HVII | 6.0% | $ 7.74 | Announced |
| STONEBRIDGE ACQUISITION II CORP | APAC | 4.6% | $ 13.85 | Pre-Deal |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| KEEN VISION ACQUISITION CORP | KVAC | -13.1% | $ 11.51 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | -3.7% | $ 5.15 | Announced |
| JATT III ACQUISITION CORP | JTTT | -3.1% | $ 11.10 | Pre-Deal |
| CHURCHILL CAPITAL CORP XI | CCXI | -2.8% | $ 14.41 | Announced |
| RESEARCH ALLIANCE CORP III | RACC | -2.3% | $ 21.50 | Announced |
Frequently Asked Questions
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What did Black Spade Acquisition III Co (BIII) announce with Astrum Space Inc?Black Spade Acquisition III Co (BIII) disclosed a merger agreement with Astrum Space Inc, a company developing a next-generation S2D broadcast network for Asia-Pacific data and content services.
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How large was the Inflection Point Acquisition Corp. VIII IPO?Inflection Point Acquisition Corp. VIII (IPHX) raised $250M in the SPAC IPO priced on August 28, 2026.
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How many SPAC IPOs priced in August 2026 through August 28?12 SPAC IPOs priced for $1.71B through August 28, 2026, compared with 16 IPOs for $3.47B over the same 28-day span in July 2026.
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What extension did Andretti Acquisition Corp II (POLE) put to a vote?Andretti Acquisition Corp II (POLE) held an extension vote on August 28, 2026 to move its deadline from September 9, 2026 to September 9, 2027.
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Which DeSPAC tickers appeared on August 28, 2026?