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SPACs · Jul 27, 2026

SPAC Market Update July 27, 2026: Research Alliance III+Oak Hill Bio, Cartesian Growth II+InoBat Merger Agreements

Research Alliance Corp III (RACC) announced a merger with Oak Hill Bio, a clinical-stage rare-disease biotech. Separately, Cartesian Growth Corp II (RENEF) announced a merger with InoBat, a battery-energy-storage and cell-development platform.

SPAC IPO Update — July 27, 2026

No SPAC IPOs priced on July 27, 2026; July MTD now stands at 15 IPOs totaling $3.21B over 27 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 15Prior: 19MoM: -4
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
19
Jun ’26
15
Jul ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 15 IPOs ($3.21B) vs. first 27 days of last month 18 ($3.63B) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Jul 24 MTAK Market Technology Acquisition Corp $200M 100.5%
Jul 24 PLCI Pelican Acquisition II Corp $75M 101.0%
Jul 21 BRTM B&R TECHNOLOGY MERGER CORP $325M 100.0%
Jul 21 NCO SOUTHERN CROSS ACQUISITION I CORP $100M  $15M overallotment 100.0%
Jul 17 AMAC AMR RESOURCES ACQUISITION CORP $250M  $10M overallotment 100.0%
Source: Boardroom Alpha

Daily SPAC Update — July 27, 2026

SPAC DEALS ANNOUNCED
July 27 | Research Alliance Corp III (RACC) + Oak Hill BioOak Hill Bio is a clinical-stage biotechnology company that develops therapeutics for rare diseases that have been deprioritized by pharmaceutical companies. Its lead program, rugonersen (OHB-724), is an investigational antisense oligonucleotide in Phase 3 clinical development for Angelman syndrome, a neurodevelopmental disorder lacking approved disease-modifying therapies. The company operates as a subsidiary of Oak Hill Bio Holdings and was formed in 2024.
July 27 | Cartesian Growth Corp II (RENEF) + InoBatInoBat is a European manufacturer of battery energy storage systems and a cell development platform, based in Slovakia. It designs, manufactures, and deploys utility-scale battery energy storage systems through its BESSMONT product line from its facility in Voderady, targeting industrial and utility customers. The company is involved in partnerships for next-generation cell technology and participates in a gigafactory joint venture to support the European battery supply chain.
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.
July 22 | Westin Acquisition Corp (WSTN) + First Choice Healthcare Solutions, Inc.First Choice Healthcare Solutions, Inc. provides healthcare services by developing and operating clinics focused on functional health, longevity, and regenerative medicine. It also manages related healthcare businesses.

EXTENSION VOTES
LAKESHORE ACQUISITION III CORP (LCCC)vote July 27, 2026 -> extend from August 1, 2026 to August 1, 2027

SPAC EXTENSIONS
INTERNATIONAL MEDIA ACQUISITION CORP (IMAQ) * Extension FilingSPAC deposits $2,000 extension payment to extend initial business combination deadline to Sept 2, 2026.

SEPARATE WARRANTS/RIGHTS
July 27: INTERPRIVATE INVESTMENT PARTNERS V INC (IPV)
July 27: LONG TABLE GROWTH CORP (LTGR)
July 27: FUTURECORP SPACE ACQUISITION 1 (FTRA)

OTHER SPAC NEWS
CARTESIAN GROWTH CORP II (RENEF) * Merger Agreement
CARTESIAN GROWTH CORP II (RENEF) * Vote PostponedCartesian Growth Corp II postpones its meeting and extends redemption deadline to seek a one-year extension for the business combination.
RESEARCH ALLIANCE CORP III (RACC) * Merger Agreement
RESEARCH ALLIANCE CORP III (RACC) * Investor Deck

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 27, 2026

SPAC Executive & Director Moves
Company Ticker Moves
RENATUS TACTICAL ACQUISITION CORP I RTAC
  • On July 21, 2026, Lauren Selig was appointed as a director of Renatus Tactical Acquisition Corp I and to several committees.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — July 27, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
CO2 ENERGY TRANSITION CORP NOEM 3.8% $ 11.02 Pre-Deal
JATT II ACQUISITION CORP TBD 3.7% $ 11.31 Announced
LAUNCH ONE ACQUISITION CORP LPAA 3.5% $ 11.19 Pre-Deal
KEEN VISION ACQUISITION CORP KVAC 2.0% $ 12.80 Announced
RESEARCH ALLIANCE CORP IV RACD 1.6% $ 10.82 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC -12.8% $ 10.01 Pre-Deal
STONEBRIDGE ACQUISITION II CORP APAC -11.4% $ 10.17 Pre-Deal
CHURCHILL CAPITAL CORP XI CCXI -5.0% $ 13.68 Announced
BLACK HAWK ACQUISITION CORP BKHA -2.0% $ 12.10 Announced
RISING DRAGON ACQUISITION CORP RDAC -1.6% $ 6.15 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

  • How many SPAC mergers were announced in the last 3 days?
    Two SPAC deal announcements landed in the last 3 days: Research Alliance Corp III (RACC) with Oak Hill Bio and Cartesian Growth Corp II (RENEF) with InoBat.
  • What does Oak Hill Bio do?
    Oak Hill Bio is a clinical-stage biotechnology company developing therapeutics for rare diseases. Its lead program, rugonersen (OHB-724), is in Phase 3 clinical development for Angelman syndrome.
  • What does InoBat do?
    InoBat is a Slovakia-based manufacturer of battery energy storage systems and a cell-development platform serving industrial and utility customers.
  • How many SPAC IPOs priced in July 2026 through July 27?
    15 SPAC IPOs priced for $3.21B through July 27, 2026, compared with 18 IPOs for $3.63B over the same first 27 days of June 2026.
  • What extension activity was disclosed for International Media Acquisition Corp?
    International Media Acquisition Corp (IMAQ) extended its initial business combination deadline to Sept. 2, 2026 via a sponsor deposit.


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Published Jul 27, 2026

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