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SPACs · Aug 31, 2026

SPAC Market Update August 31, 2026: ALGR-SeeQC Merger Termination, Constellation Extension

Allegro Merger Corp. (ALGR) and SeeQC terminated their merger on August 31, 2026, with SeeQC able to reimburse up to $2M and issue stock on a Trigger Event. Separately, Constellation Acquisition Corp I (CSTAF) extended its deadline to Sept. 29, 2026 with…

SPAC IPO Update — August 31, 2026

No SPAC IPOs priced on August 31, 2026; August MTD now stands at 12 IPOs totaling $1.71B over 31 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 12•Prior: 18•MoM: -6
8
Aug ’25
14
Sep ’25
14
Oct ’25
10
Nov ’25
22
Dec ’25
24
Jan ’26
27Peak
Feb ’26
11
Mar ’26
16
Apr ’26
20
May ’26
19
Jun ’26
18
Jul ’26
12
Aug ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 12 IPOs ($1.71B) vs. first 31 days of last month 18 ($3.98B) · 12-mo avg: 17/mo
$ totals include underwriter over-allotment.
New SPAC IPOs
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%
Source: Boardroom Alpha

Daily SPAC Update — August 31, 2026

SPAC EXTENSIONS
CONSTELLATION ACQUISITION CORP I (CSTAF) * Extension FilingCompany extends its deadline to Sept 29, 2026 with $5,000 extension funds; the note is non-interest and due at closing.

OTHER SPAC NEWS
ALLEGRO MERGER CORP (ALGR) * Deal TerminationAllegro and SeeQC terminated the merger; SeeQC may reimburse up to $2M and issue stock on a Trigger Event.
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.
OCEAN CAPITAL ACQUISITION CORP (OCAC) * Auditor Change
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.

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.

SPAC Executive & Director Moves — August 31, 2026

SPAC Executive & Director Moves
Company Ticker Moves
Rainier Acquisition Corp
  • On August 26, 2026, Wing C. Lam and Chidozie Ugwumba were appointed to the board of directors of the Company.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — August 31, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
TWELVE SEAS INVESTMENT CO III TWLV 0.8% $ 10.13 Pre-Deal
YHN ACQUISITION I LTD YHNA 0.7% $ 11.06 Announced
CANTOR EQUITY PARTNERS VI INC CEPS 0.6% $ 10.40 Pre-Deal
VELOS ACQUISITION I CORP VLOS 0.5% $ 10.78 Pre-Deal
AMPERCAP ACQUISITION CO APMC 0.4% $ 9.98 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC -26.1% $ 10.24 Pre-Deal
GENERAL PURPOSE ACQUISITION CORP GPAC -13.0% $ 8.75 Pre-Deal
RESEARCH ALLIANCE CORP IV RACD -7.8% $ 12.00 Pre-Deal
RISING DRAGON ACQUISITION CORP RDAC -7.1% $ 4.79 Announced
FUTURE VISION II ACQUISITION CORP FVN -4.8% $ 10.81 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

  • What happened to Allegro Merger Corp.’s SeeQC merger?
    Allegro Merger Corp. (ALGR) and SeeQC terminated the merger. SeeQC may reimburse up to $2M and issue stock on a Trigger Event under the disclosed terms.
  • How did Constellation Acquisition Corp I extend its deadline?
    Constellation Acquisition Corp I (CSTAF) extended its deadline to Sept. 29, 2026 with $5,000 in extension funds; the note is non-interest bearing and due at closing.
  • How many SPAC IPOs priced in August 2026 through August 31?
    12 SPAC IPOs priced for $1.71B through August 31, 2026, compared with 18 IPOs for $3.98B over the same 31-day window in July 2026.
  • Which SPAC merger transcript updates appeared in the last 3 days?
    Bleichroeder Acquisition Corp III (BCCQ) discussed Mach X’s planned merger with Ursa Major, and Silicon Valley Acquisition Corp. (SVAQ) discussed EigenQ’s planned de-SPAC listing as EIGQ.


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Published Aug 31, 2026

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