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SPACs · Aug 4, 2026

SPAC Market Update August 4, 2026: THEO, FJDI Price 2 SPAC IPOs for $230M

BOA Acquisition Corp. II (THEO) and ARC Group Securities Acquisition I (FJDI) priced 2 SPAC IPOs on August 4, 2026, raising $230M combined. THEO raised $125M and FJDI raised $105M, taking August MTD issuance to 2 IPOs for $230M through 4 sessions.

SPAC IPO Update — August 4, 2026

2 SPAC IPOs priced on August 4, 2026, raising $230M; August MTD now stands at 2 IPOs totaling $230M over 4 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 2Prior: 18MoM: -16
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
2
Aug ’26
Source: Boardroom Alpha
IPO Activity Snapshot2 SPAC IPOs today raising $230M · THEO ($125M), FJDI ($105M)
Month-to-date: 2 IPOs ($230M) vs. first 4 days of last month 3 ($705M) · 12-mo avg: 17/mo
Size
$105M
Ticker
FJDI / FJDIU

Arc Group Securities Acquisition I priced its $105M IPO on August 3, 2026, and trades on Nasdaq under FJDI. The SPAC targets the technology, healthcare, and logistics industries.

Leadership
Ian HannaCEO, CFO, Director
CEO of ARC Group Securities LLC, previously CEO of Giga Carbon Neutrality, and held leadership roles at General Motors.

Structure: 10.5M units at $10.00 each. Each unit consists of one Class A ordinary share, one warrant, and one right to receive 1/4 of a Class A share. ARC Group Securities LLC and Clear Street LLC are the book-runners.

Size
$125M
Ticker
THEO / THEOU
Sponsor
Bet on America II Sponsor LLC

BOA Acquisition Corp. II priced its $125M IPO on August 3, 2026, and trades on Nasdaq under THEO. The SPAC focuses on real estate and infrastructure assets, particularly in energy, telecommunications, and transportation sectors.

Leadership
Benjamin A. FriedmanCEO, CFO, Director
Managing Partner of The Avery Companies, co-founded PhireLink, and former President of BOA Acquisition Corp.
Brian D. FriedmanDirector
Partner at Friedman Capital, co-founder of Foxhall Partners, and former CEO of BOA Acquisition Corp.
Dean FriedmanDirector
Managing Partner of Friedman Family Partners, former Chairman of Real Integrated, and founder of Franklin Bank.
Jared BerlinDirector
Partner at Thames Capital Management, with over 25 years of experience in public equity investing.
Jason KahanDirector
Co-Founder of Lightfield Partners, with expertise in renewable energy and digital infrastructure.
Jonathan SassoverDirector
Managing Partner of The Pine Street Group, with a background in investment banking and distressed investments.
Seth SchorrDirector
CEO of Fifth Street Gaming and Chairman of Downtown Grand Hotel & Casino, with extensive governance experience.

Structure: 12.5M units at $10.00 each. Each unit includes one Class A ordinary share and one right. D. Boral Capital LLC is the sole book-runner.

New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Aug 04 FJDI ARC Group Securities Acquisition I $105M
Aug 04 THEO BOA Acquisition Corp. II $125M
Jul 31 XIII Churchill Capital Corp XIII $360M  $54M overallotment 100.0%
Jul 31 EWAV East West Ave Acquisition Corp. $100M 100.5%
Jul 28 CATL CATALYST ACQUISITION CORP $200M 100.0%
Source: Boardroom Alpha

Daily SPAC Update — August 4, 2026

SPAC DEALS ANNOUNCED
August 3 | Bluerock Acquisition Corp (BLRK) + Yellow.aiYellow.ai provides agentic AI solutions for enterprise service automation. Its platform, based on a multi-LLM architecture, processes over 16 billion conversations each year to enhance efficiency in customer service and operations while lowering operating costs. The company focuses on delivering actionable outcomes for enterprises and their stakeholders.
August 3 | Newbridge Acquisition Ltd (NBRG) + Startech Group IncStartech Group Inc. is a Delaware corporation that operates in the fintech and AI technology infrastructure sectors. Its initial business initiatives involve developing functional water products and AI-powered healthcare technologies aimed at enhancing human health and longevity.
July 31 | Mckinley Acquisition Corp (MKLY) + Space-Eyes, Inc.Space-Eyes, Inc. is a U.S. geospatial intelligence and technology company that provides space-driven awareness for high-stakes environments. It develops data-driven systems for maritime operations, disaster monitoring, and defense and security missions. The company focuses on advanced analytics and multi-sensor integration to support decision-makers.

EXTENSION VOTES
COLLECTIVE ACQUISITION CORP (CCAQ)vote August 4, 2026 -> extend from August 8, 2026 to August 8, 2027

SPAC EXTENSIONS
PYROPHYTE ACQUISITION CORP (PHYTF) * Extension FilingSponsor funds extension to 4/29/2027 with monthly $100,000 deposits into the Trust; second and third deposits completed.

SEPARATE WARRANTS/RIGHTS
August 4: FREEDOM METALS ACQUISITION CORP (FDMM)
August 3: OCEAN CAPITAL ACQUISITION CORP (OCAC)
August 3: BLEICHROEDER ACQUISITION CORP III (BCCQ)

OTHER SPAC NEWS
BLUEROCK ACQUISITION CORP (BLRK) * Merger Agreement
BLUEROCK ACQUISITION CORP (BLRK) * Investor Deck
NEWBRIDGE ACQUISITION LTD (NBRG) * Merger Agreement
NEW PROVIDENCE ACQUISITION CORP III (NPAC) * Podcast TranscriptAbra updates on SPAC merger with NPAC III, leadership expansion, and Threshold TBTC integration.
TITAN ACQUISITION CORP (TACH) * F-4 FiledOpenPayd files Form F-4 amendment for its Titan merger; Nasdaq listing expected as OP with pro forma value over $1B.

SPAC LIQUIDATIONS
AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP (ANSC) -> Liquidation on August 12
CHURCHILL CAPITAL CORP IX (CCIX) -> Liquidation on July 28

SPAC Executive & Director Moves — August 4, 2026

SPAC Executive & Director Moves
Company Ticker Moves
Churchill Capital Corp XIII
  • On July 30, 2026, William Sherman was appointed to the board of directors, effective July 31, 2026, and is also serving as interim chair of the Audit Committee and chair of the Compensation Committee.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — August 4, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
FUTURE VISION II ACQUISITION CORP FVN 17.9% $ 11.00 Announced
RISING DRAGON ACQUISITION CORP RDAC 10.0% $ 6.60 Announced
D BORAL ARC ACQUISITION I CORP BCAR 4.3% $ 5.08 Announced
BEST SPAC I ACQUISITION CORP BSAA 1.8% $ 10.85 Announced
BLUEPORT ACQUISITION LTD BPAC 0.9% $ 9.26 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
KEEN VISION ACQUISITION CORP KVAC -13.1% $ 11.51 Announced
INFLECTION POINT ACQUISITION CORP III IPCX -12.6% $ 8.69 Announced
STONEBRIDGE ACQUISITION II CORP APAC -6.3% $ 10.20 Pre-Deal
JATT II ACQUISITION CORP TBD -2.0% $ 12.06 Announced
CO2 ENERGY TRANSITION CORP NOEM -1.7% $ 11.80 Pre-Deal
Source: Boardroom Alpha market data

Frequently Asked Questions

  • How many SPAC IPOs priced in August 2026 through August 4?
    2 SPAC IPOs priced for $230M through August 4, 2026, compared with 3 IPOs for $705M over the same first 4 days of July 2026.
  • What did BOA Acquisition Corp. II (THEO) raise in its IPO?
    BOA Acquisition Corp. II (THEO) raised $125M and targets real estate and infrastructure assets, especially energy, telecommunications, and transportation.
  • What did ARC Group Securities Acquisition I (FJDI) raise and target?
    ARC Group Securities Acquisition I (FJDI) raised $105M and targets the technology, healthcare, and logistics industries.
  • Which extension vote was on the August 4 calendar?
    Collective Acquisition Corp. (CCAQ) was listed for an August 4, 2026 extension vote to move its deadline from August 8, 2026 to August 8, 2027.
  • Which SPAC disclosed a sponsor-funded extension?
    Pyrophyte Acquisition Corp. (PHYTF) disclosed a sponsor-funded extension to April 29, 2027 with monthly deposits into trust; the filing reported its second and third deposits were completed.


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Published Aug 4, 2026

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