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SPACs · Jul 20, 2026

SPAC Market Update July 20, 2026: FORL Terminates XYDD Deal, BXBL Completes DeSPAC

Four Leaf Acquisition Corp (FORL) terminated its XYDD business combination on July 20, 2026, with XYDD to receive a $2M promissory note and no termination fee. Separately, Boxabl Inc. (BXBL) completed its DeSPAC, giving public-market investors a…

SPAC IPO Update — July 20, 2026

No SPAC IPOs priced on July 20, 2026; July MTD now stands at 9 IPOs totaling $2.05B over 20 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 9Prior: 21MoM: -12
13
Jul ’25
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
21
Jun ’26
9
Jul ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 9 IPOs ($2.05B) vs. first 20 days of last month 16 ($3.19B) · 12-mo avg: 17/mo
$ totals include underwriter over-allotment.
New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Jul 17 AMAC AMR Resources Acquisition Corp. $250M 100.0%
Jul 14 JONE JONES VENTURES INTL ACQUISITION1 CORP $200M 100.0%
Jul 13 RACD RESEARCH ALLIANCE CORP IV $75M 100.0%
Jul 10 SAMO SAMOS ENERGY ACQUISITION CORP $200M 100.0%
Source: Boardroom Alpha

Daily SPAC Update — July 20, 2026

SPAC DEAL & EXTENSION VOTES SET
Silverbox Corp IV (SBXD) * EXTENSION VOTE SET: August 11, 2026 * trust $10.85
Cartesian Growth Corp II (RENEF) * EXTENSION VOTE SET: July 27, 2026 * trust $12.47

DeSPACs
July 20 | FGMC DeSPAC → Boxabl Inc. (BXBL)Boxabl Inc. develops modular building systems aimed at providing affordable housing solutions. Its flagship product, the Casita, is a 361 square foot studio unit that can be set up on-site in under an hour. The company also offers the Baby Box, a 120 square foot unit designed for RV code compliance, and is working on stackable models for larger residential configurations.

SPAC DEAL TERMINATIONS (Last 10 Days)
2026-07-15: FORL + Xiaoyu Dida Interconnect International Limited

SEPARATE WARRANTS/RIGHTS
July 20: TRIBECA STRATEGIC ACQUISITION CORP (BID)
July 20: VIKING ACQUISITION CORP II (VII)
July 17: RMG ML SPORTS HOLDINGS (SHOT)

OTHER SPAC NEWS
CO2 ENERGY TRANSITION CORP (NOEM) * Non-Binding LOICO2 Energy Transition Corp. announced a non-binding LOI for an initial business combination; press release issued.
CONSTELLATION ACQUISITION CORP I (CSTAF) * Media TranscriptHiTech Minerals’ CEO discussed the proposed CSTA-HiTech-PubCo business combination and Nasdaq listing; transcript filed.
FOUR LEAF ACQUISITION CORP (FORL) * Deal TerminationXYDD deal terminated; Data443 to compensate XYDD with a $2M promissory note, no termination fee.
INFLECTION POINT ACQUISITION CORP V (IPEX) * Merger Agreement AmendmentGOWell and IPEX amend the business combination, adding a 2026 earnout at 80% and raising SPAC expense cap to $9M.

SPAC LIQUIDATIONS
CHURCHILL CAPITAL CORP IX (CCIX) -> Liquidation on July 28

SPAC Executive & Director Moves — July 20, 2026

SPAC Executive & Director Moves
Company Ticker Moves
ACTIVATE ENERGY ACQUISITION CORP AEAQ
  • On July 13, 2026, Paul Moore resigned from the Board of Directors of Activate Energy Acquisition Corp.  (view source)
ARCHIMEDES TECH SPAC PARTNERS III CO ARCI
  • On July 13, 2026, Stephen N. Cannon was appointed as a Class II director of Archimedes Tech SPAC Partners III Co.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — July 20, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
RISING DRAGON ACQUISITION CORP RDAC 4.5% $ 5.55 Announced
EUREKA ACQUISITION CORP EURK 4.1% $ 12.49 Announced
HELIX ACQUISITION CORP III HLXC 3.7% $ 10.58 Pre-Deal
BEST SPAC I ACQUISITION CORP BSAA 1.5% $ 12.02 Announced
BLACK HAWK ACQUISITION CORP BKHA 1.3% $ 12.11 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC -10.9% $ 10.01 Pre-Deal
RESEARCH ALLIANCE CORP III RACC -4.1% $ 11.13 Pre-Deal
PLUM ACQUISITION CORP IV PLMK -1.9% $ 10.59 Announced
AMERICAN EXCEPTIONALISM ACQUISITION CORP A AEXA -1.5% $ 11.62 Pre-Deal
RESEARCH ALLIANCE CORP IV RACD -1.3% $ 10.50 Pre-Deal
Source: Boardroom Alpha market data

Frequently Asked Questions

  • What happened to Four Leaf Acquisition Corp’s XYDD deal?
    Four Leaf Acquisition Corp (FORL) terminated its planned XYDD business combination. XYDD is set to receive a $2M promissory note, and the disclosure cited no termination fee.
  • How many SPAC IPOs priced in July 2026 through July 20?
    9 SPAC IPOs raised $2.05B through July 20, 2026, compared with 16 IPOs for $3.19B over the same first-20-day span in June 2026.
  • Which extension votes were scheduled in the last 3 days?
    Silverbox Corp IV (SBXD) set an August 11, 2026 extension vote, and Cartesian Growth Corp II (RENEF) set a July 27, 2026 extension vote.
  • Which company completed a DeSPAC on July 20, 2026?
    Boxabl Inc. (BXBL) completed a DeSPAC on July 20, 2026. The company develops modular building systems aimed at affordable housing.
  • How did Inflection Point Acquisition Corp V revise the GOWell merger agreement?
    Inflection Point Acquisition Corp V (IPEX) and GOWell amended their business combination by adding an earnout and increasing the SPAC expense cap.


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Published Jul 20, 2026

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