Boardroom Alpha
Research library
SPACs · Jul 28, 2026

SPAC Market Update July 28, 2026: FutureVision+MicroTouch Deal Approve, Catalyst Acquisition Prices $200M IPO

Future Vision II Acquisition Corp (FVN) won approval for its combination with MicroTouch Technology Inc on July 28, 2026 after $41M was removed from trust. Separately, Catalyst Acquisition Corp. (CATL) priced a $200M IPO targeting video game, media and…

SPAC IPO Update — July 28, 2026

1 SPAC IPO priced on July 28, 2026, raising $200M; July MTD now stands at 16 IPOs totaling $3.41B over 28 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 16Prior: 19MoM: -3
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
16
Jul ’26
Source: Boardroom Alpha
IPO Activity Snapshot1 SPAC IPO today raising $200M · CATL ($200M)
Month-to-date: 16 IPOs ($3.41B) vs. first 28 days of last month 18 ($3.63B) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
Size
$200M
Ticker
CATL / CATLU
Sponsor
Catalyst Sponsor LLC

Catalyst Acquisition Corp. filed for a $200M IPO, trading on Nasdaq under CATL. The SPAC targets opportunities in the video game, media, and entertainment industries, emphasizing large and growing markets, strong management teams, and public-market scale.

Leadership
Christopher HeatherlyDirector
Digital product executive with over 25 years in consumer experiences, previously EVP at NBCUniversal and SVP at Disney.
Craig A. ElsonCFO
Over 30 years of experience across media, entertainment, and private equity sectors.
Melvin D. LindseyDirector
Founder of Nile Capital Group, previously co-managed Julius Bär Investment Management.
Nicolas A. van DykCEO, Director
Former EVP at Nexon Co., Ltd., co-founded Activision Blizzard Studios, and SVP at Disney.
Richard W. CookDirector
Former Chairman of Walt Disney Studios, with over 40 years in the entertainment industry.
Steve BeeksCEO, Director
Former Corporate President and COO at Lionsgate, with extensive experience in strategic growth initiatives.

Structure: 20M units at $10.00 each, consisting of one Class A ordinary share and one-seventh of a Class A ordinary share right. Santander US Capital Markets LLC is the lead book-runner.

New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Jul 28 CATL Catalyst Acquisition Corp. $200M 100.0%
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%
Source: Boardroom Alpha

Daily SPAC Update — July 28, 2026

SPAC VOTE RESULTS
KEEN VISION ACQUISITION CORP (KVAC) * Extend to July 27, 2027
CO2 ENERGY TRANSITION CORP (NOEM) * Extend to June 22, 20275,869,285 redeemed
FUTURE VISION II ACQUISITION CORP (FVN) * Deal Approved with MicroTouch Technology Inc3,758,515 redeemed · $41,230,910 removed · trust $10.97

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.

SPAC DEAL & EXTENSION VOTES SET
Rf Acquisition Corp II (RFAI) * DEAL VOTE SET: August 19, 2026 * trust $11.03

SPAC EXTENSIONS
KEEN VISION ACQUISITION CORP (KVAC) * Extension FilingKVAC extends its business combination deadline via four 3-month extensions funded by $30k deposits, plus a sponsor note.
INTERNATIONAL MEDIA ACQUISITION CORP (IMAQ) * Extension FilingSPAC deposits $2,000 extension payment to extend initial business combination deadline to Sept 2, 2026.
CO2 ENERGY TRANSITION CORP (NOEM) * Extension FilingStockholders approved extending the business-combination deadline to June 22, 2027 via monthly trust deposits; redemptions extended the deadline through August 22, 2026.

SEPARATE WARRANTS/RIGHTS
July 30: SNOW ROTHSCHILD ACQUISITION CORP (ISNR)
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
ARCHIMEDES TECH SPAC PARTNERS II CO (ATII) * S-4 FiledATII and Forge Nano filed an amendment to Form S-4 for the proposed merger; proxy statement not yet effective.
CARTESIAN GROWTH CORP II (RENEF) * Merger Agreement
KEEN VISION ACQUISITION CORP (KVAC) * Redemption Update * 935,966 redeemedKVAC extends its business combination deadline via four 3-month extensions funded by $30k deposits, plus a sponsor note.
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 28, 2026

SPAC Executive & Director Moves
Company Ticker Moves
PAPAYA GROWTH OPPORTUNITY CORP I PPYA
  • Citrin Cooperman & Company, LLP has exited as the independent registered public accounting firm for Papaya Growth Opportunity Corp. I, effective immediately on July 22, 2026, and Malone Bailey, LLP has been appointed as the new independent registered public accounting firm.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — July 28, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
RESEARCH ALLIANCE CORP III RACC 20.5% $ 13.28 Announced
FUTURE VISION II ACQUISITION CORP FVN 3.2% $ 11.35 Announced
KEEN VISION ACQUISITION CORP KVAC 2.0% $ 12.80 Announced
TAVIA ACQUISITION CORP TAVI 1.3% $ 10.83 Pre-Deal
IRIS ACQUISITION CORP II IRAB 1.2% $ 10.07 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
D BORAL ARC ACQUISITION I CORP BCAR -24.7% $ 7.79 Announced
STONEBRIDGE ACQUISITION II CORP APAC -8.4% $ 10.18 Pre-Deal
SPARK I ACQUISITION CORP SPKL -2.1% $ 11.69 Announced
BLACK HAWK ACQUISITION CORP BKHA -2.0% $ 12.10 Announced
AMERICAN EXCEPTIONALISM ACQUISITION CORP A AEXA -1.7% $ 11.50 Pre-Deal
Source: Boardroom Alpha market data

Frequently Asked Questions

  • How much was redeemed at the FVN-MicroTouch merger vote?
    Future Vision II Acquisition Corp (FVN) reported 3,758,515 shares redeemed, removing $41M from trust at $10.97 per share as holders approved the MicroTouch Technology Inc deal.
  • What did Catalyst Acquisition Corp. (CATL) raise in its July 28, 2026 IPO?
    Catalyst Acquisition Corp. (CATL) priced a $200M SPAC IPO on July 28, 2026. The SPAC targets opportunities in video games, media and entertainment.
  • How many SPAC IPOs priced in July 2026 through July 28?
    16 SPAC IPOs priced for $3.41B through July 28, 2026, compared with 18 IPOs for $3.63B over the first 28 days of June 2026. Totals include over-allotment.
  • What other vote results were reported on July 28, 2026?
    Keen Vision Acquisition Corp (KVAC) won approval to extend to July 27, 2027. CO2 Energy Transition Corp (NOEM) won approval to extend to June 22, 2027, with 5,869,285 shares redeemed.
  • When is the RFAI deal vote scheduled?
    Rf Acquisition Corp II (RFAI) set its deal vote for August 19, 2026.


Get it in your inbox

The Daily SPAC Update in your inbox

Every IPO, vote, and DeSPAC close — analyzed daily for finance professionals.

ShareXLinkedIn

Published Jul 28, 2026

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer