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SPACs · Jul 22, 2026

SPAC Market Update July 22, 2026: MBAV $136M Redemption, Apex+TECfusions and Kensington+Nth Cycle Deals

Apex Treasury Corp (APXT) announced a merger with TECfusions, and Kensington Capital Acquisition Corp Vi (KCAC.U) announced a merger with Nth Cycle Inc. MBAV ticker change and $136M in redemptions.

SPAC IPO Update — July 22, 2026

No SPAC IPOs priced on July 22, 2026; July MTD now stands at 11 IPOs totaling $2.52B over 22 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 11Prior: 21MoM: -10
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
11
Jul ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 11 IPOs ($2.52B) vs. first 22 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 21 BRTM B&R Technology Merger Corp. $325M 100.0%
Jul 21 NCO Southern Cross Acquisition I Corp. $100M 100.0%
Jul 17 AMAC AMR RESOURCES ACQUISITION CORP $250M  $10M overallotment 100.0%
Jul 14 JONE JONES VENTURES INTL ACQUISITION1 CORP $200M 100.0%
Jul 13 RACD RESEARCH ALLIANCE CORP IV $75M 100.0%
Source: Boardroom Alpha

Daily SPAC Update — July 22, 2026

SPAC VOTE RESULTS
M3-BRIGADE ACQUISITION V CORP (MBAV) * Extend to August 2, 202712,455,589 redeemed · $135,516,808 removed · trust $10.88

SPAC DEALS ANNOUNCED
July 22 | Apex Treasury Corp (APXT) + TECfusionsTECfusions develops and manages data center infrastructure focused on high-density compute environments. It aims to support sectors such as neocloud, enterprise AI, and GPU-as-a-Service providers. The company emphasizes sustainability and operational efficiency in its facilities, which are designed for rapid deployment and include features like low-water cooling and robust power availability.
July 22 | Kensington Capital Acquisition Corp VI (KCAC.U) + Nth Cycle Inc.Nth Cycle Inc. is a midstream refining company focused on critical minerals. It develops technology and infrastructure to process domestic mineral resources, utilizing its modular OYSTER system and proprietary electroextraction platform. This approach aims to reduce capital intensity, deployment time, and emissions while converting industrial scrap and primary feeds into refined products in the nickel, cobalt, copper, and rare earth value chains.

SPAC DEAL & EXTENSION VOTES SET
Embrace Change Acquisition Corp (EMCG) * EXTENSION VOTE SET: August 11, 2026 * trust $12.84

SPAC EXTENSIONS
M3-BRIGADE ACQUISITION V CORP (MBAV) * Extension FilingShareholders approved a 2027 extension, trust-interest withdrawal, name change to Velos, and a $4M sponsor promissory note; redemptions reduced outstanding shares.

DeSPACs
July 21 | PCSC DeSPAC → Freenome Holdings, Inc. (FRNM)Freenome Holdings, Inc. develops blood-based tests for early cancer detection. It employs a multiomics platform that analyzes various signals in the blood, utilizing artificial intelligence and machine learning to identify subtle indicators of cancer. This approach addresses the complexity of cancer, aiming to detect the disease when it is most treatable.

SPAC DEAL TERMINATIONS (Last 10 Days)
2026-07-16: FACT + Precision Aerospace Defense Group, Inc.
2026-07-15: FORL + Xiaoyu Dida Interconnect International Limited
2026-07-14: CDAQ + Key Mining Corp.

SEPARATE WARRANTS/RIGHTS
July 27: LONG TABLE GROWTH CORP (LTGR)
July 20: TRIBECA STRATEGIC ACQUISITION CORP (BID)
July 20: VIKING ACQUISITION CORP II (VII)

OTHER SPAC NEWS
APEX TREASURY CORP (APXT) * Merger Agreement
APEX TREASURY CORP (APXT) * Investor Deck
FACT II ACQUISITION CORP (FACT) * Deal TerminationFACT II Acquisition Corp. terminates its Business Combination Agreement with PAD; sponsor and PAD support agreements terminate.
FLAG SHIP ACQUISITION CORP (FSHP) * Auditor Change
M3-BRIGADE ACQUISITION V CORP (MBAV) * Ticker ChangeShareholders approved a 2027 extension, trust-interest withdrawal, name change to Velos, and a $4M sponsor promissory note; redemptions reduced outstanding shares.

SPAC LISTING RULE NOTICES
ORIGIN INVESTMENT CORP I (ORIQ) * Listing Rule NoticeBoard appoints Daniel Alef to Audit Committee; Nasdaq confirms compliance with 5605(c)(2) after phase-in.

SPAC LIQUIDATIONS
CHURCHILL CAPITAL CORP IX (CCIX) -> Liquidation on July 28
COMPASS DIGITAL ACQUISITION CORP (CDAQ) -> Liquidation on July 20

SPAC Executive & Director Moves — July 22, 2026

SPAC Executive & Director Moves
Company Ticker Moves
AMR RESOURCES ACQUISITION CORP AMACU
  • On July 16, 2026, Andrew Childs, Michael Westerman, and Karl Simich were appointed as independent directors to the board of the Company.  (view source)
APEX TECH ACQUISITION INC TRAD
  • On July 20, 2026, Shaoren Liu resigned as CEO while transitioning to continue as CFO, Chairman of the Board, and Director, and Florence Ng was appointed as the new CEO effective the same date.  (view source)
BLEICHROEDER ACQUISITION CORP III BCCQU
  • Constantine Dakolias has been appointed as a director of Bleichroeder Acquisition Corp. III, effective July 20, 2026.  (view source)
CLIMATEROCK CLRCF
  • On July 7, 2026, Mr. Niels Brix exited from his role as an independent director of ClimateRock.  (view source)
ORIGIN INVESTMENT CORP I ORIQ
  • On July 13, 2026, Daniel Alef was appointed as a member of the Audit Committee of Origin Investment Corp I’s Board of Directors, effective immediately.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — July 22, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
RISING DRAGON ACQUISITION CORP RDAC 10.3% $ 6.71 Announced
CHURCHILL CAPITAL CORP XI CCXI 3.1% $ 14.83 Announced
M3-BRIGADE ACQUISITION V CORP VLOS 2.2% $ 11.14 Pre-Deal
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 2.1% $ 12.00 Pre-Deal
CHURCHILL CAPITAL CORP XII CXII 1.3% $ 10.85 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC -20.0% $ 10.16 Pre-Deal
GENERAL PURPOSE ACQUISITION CORP GPAC -12.5% $ 10.01 Pre-Deal
EUREKA ACQUISITION CORP EURK -3.9% $ 12.00 Announced
VIKING ACQUISITION CORP II VII -2.0% $ 9.82 Pre-Deal
SPARK I ACQUISITION CORP SPKL -1.4% $ 11.85 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

  • How much was redeemed from MBAV‘s extension vote?
    M3-BRIGADE ACQUISITION V CORP (MBAV) had 12,455,589 shares redeemed, removing $136M from trust at $10.88 per share.
  • Which SPACs announced merger deals on July 22, 2026?
    Apex Treasury Corp (APXT) announced a merger with TECfusions, and Kensington Capital Acquisition Corp VI (KCAC.U) announced a merger with Nth Cycle Inc.
  • How many SPAC IPOs priced in July 2026 through July 22?
    11 SPAC IPOs priced for $2.52B through July 22, 2026, compared with 16 IPOs for $3.19B over the same span last month.
  • When is Embrace Change Acquisition Corp’s extension vote scheduled?
    Embrace Change Acquisition Corp (EMCG) set its extension vote for August 11, 2026.
  • Which company completed a DeSPAC this week?
    Freenome Holdings, Inc. (FRNM) completed its DeSPAC from PCSC on July 21, 2026.


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Published Jul 22, 2026

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