Boardroom Alpha
Research library
SPACs · Jul 29, 2026

SPAC Market Update July 29, 2026: APXT-TECfusions $35M PIPE, KVAC Extension Approval

Apex Treasury Corp (APXT) and TECfusions detailed their SPAC merger on July 29, 2026, citing a $35M PIPE and $345M in trust for the planned AI-infrastructure platform. Separately, Keen Vision Acquisition Corp (KVAC) received approval to extend its deadline to…

SPAC IPO Update — July 29, 2026

No SPAC IPOs priced on July 29, 2026; July MTD now stands at 16 IPOs totaling $3.41B over 29 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 SnapshotMonth-to-date: 16 IPOs ($3.41B) vs. first 29 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 28 CATL Catalyst Acquisition Corp. $200M 100.0%
Jul 24 MTAK MARKET TECHNOLOGY ACQUISITION CORP $200M  $5M overallotment 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 29, 2026

SPAC VOTE RESULTS
KEEN VISION ACQUISITION CORP (KVAC) * Extend to July 27, 2027

MERGER VOTES
D Boral Arc Acquisition I Corp (BCAR) + Exascale Labs Inc
Exascale Labs Inc is a GPU cloud-infrastructure provider that develops AI compute platforms. It designs and operates systems that include modular data centers, liquid-cooling infrastructure, InfiniBand networking, and GPU procurement and leasing. The company also offers a proprietary control plane for resource scheduling, telemetry, monitoring, maintenance, and workload placement.

EXTENSION VOTES
PLUM ACQUISITION CORP III (PLMJF)vote July 29, 2026 -> extend from July 30, 2026 to December 31, 2026

SPAC EXTENSIONS
RISING DRAGON ACQUISITION CORP (RDAC) * Extension FilingRising Dragon issued notes to extend the merger deadline to Aug 15, 2026; zero-interest and convertible at $10.
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.

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
APEX TREASURY CORP (APXT) * Media TranscriptTECfusions and Apex announce SPAC merger to become an AI infrastructure platform, backed by $35M pipe and $345M trust.
GRAF GLOBAL CORP (TONT) * Media TranscriptIce Cube discusses the Graf-BIG3 business combination; deal valued at nearly $300M. Details on Form S-4/proxy plans forthcoming.
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.
WESTIN ACQUISITION CORP (WSTN) * Merger Agreement

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

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 Executive & Director Moves — July 29, 2026

SPAC Executive & Director Moves
Company Ticker Moves
CHARLTON ARIA ACQUISITION CORP CHAR
  • On July 24, 2026, Mr. Paul Strickland was appointed as CFO and Director, Mr. Kyoung Tak Kim as an independent Director, and Mr. Wang Jo Cha as an independent Director, all effective July 22, 2026.  (view source)
MARKET TECHNOLOGY ACQUISITION CORP MTAKU
  • On July 23, 2026, Gary Greenberg was appointed to the board of directors and various committees of the Company.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — July 29, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
CHURCHILL CAPITAL CORP XI CCXI 5.8% $ 14.52 Announced
RESEARCH ALLIANCE CORP III RACC 4.3% $ 13.84 Announced
EUREKA ACQUISITION CORP EURK 2.1% $ 12.19 Announced
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 1.4% $ 12.00 Pre-Deal
TAVIA ACQUISITION CORP TAVI 1.3% $ 10.83 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
STONEBRIDGE ACQUISITION II CORP APAC -33.2% $ 10.19 Pre-Deal
D BORAL ARC ACQUISITION I CORP BCAR -27.3% $ 5.66 Announced
FUTURE VISION II ACQUISITION CORP FVN -21.6% $ 8.90 Announced
INFLECTION POINT ACQUISITION CORP III IPCX -15.0% $ 8.93 Announced
LAUNCH ONE ACQUISITION CORP LPAA -3.5% $ 10.79 Pre-Deal
Source: Boardroom Alpha market data

Frequently Asked Questions

  • What financing did Apex Treasury Corp cite for the TECfusions merger?
    Apex Treasury Corp (APXT) cited a $35M PIPE and $345M in trust for its planned merger with TECfusions, an AI-infrastructure platform.
  • What deadline did Keen Vision Acquisition Corp secure in its extension vote?
    Keen Vision Acquisition Corp (KVAC) received extension approval to move its business-combination deadline to July 27, 2027. Medera Inc. is listed as the target.
  • How many SPAC IPOs priced in July 2026 through July 29?
    16 SPAC IPOs priced for $3.41B through July 29, 2026, compared with 18 IPOs for $3.63B over the same 29-day span in June 2026.
  • Which SPAC merger announcements were still in the recent pipeline?
    Two merger announcements came in the last 5 days: Research Alliance Corp III (RACC) with Oak Hill Bio and Cartesian Growth Corp II (RENEF) with InoBat.


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 29, 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