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SPACs · Jul 31, 2026

SPAC Market Update July 31, 2026: MKLY-Space-Eyes Merger, XIII and EWAV Price $460M

Mckinley Acquisition Corp (MKLY) announced a merger with Space-Eyes, Inc., a U.S. geospatial-intelligence and defense-technology company, on July 31, 2026. Separately, Churchill Capital Corp XIII (XIII) and East West Ave Acquisition Corp (EWAV) priced 2 SPAC…

SPAC IPO Update — July 31, 2026

2 SPAC IPOs priced on July 31, 2026, raising $460M; July MTD now stands at 18 IPOs totaling $3.88B over 31 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 18Prior: 19MoM: -1
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
18
Jul ’26
Source: Boardroom Alpha
IPO Activity Snapshot2 SPAC IPOs today raising $460M · XIII ($360M), EWAV ($100M)
Month-to-date: 18 IPOs ($3.88B) vs. first 31 days of last month 20 ($4.32B) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
Size
$100M
Ticker
EWAV / EWAVU
Sponsor
East West Ave LLC

East West Ave Acquisition Corp. priced its $100M IPO on July 31, 2026, and trades on Nasdaq under EWAVU. The SPAC’s sponsors include East West Ave LLC and NFR Capital Limited. No specific target sector disclosed.

Leadership
Irfan VerjeeDirector
Maoli HuangDirector
Samir ParikhDirector
Thomas John KerkaertDirector

Structure: 10M units at $10.00 per unit. Each unit consists of one share of common stock and one right to receive one-fourth of one share upon business combination. D. Boral Capital LLC sole book-runner.

Size
$360M
Ticker
XIII / XIIIU
Sponsor
Churchill Sponsor XIII LLC

Churchill Capital Corp XIII priced its $360M IPO on July 30, 2026, and trades on Nasdaq under XIIIU. Founded by Michael Klein, the SPAC targets businesses that can benefit from the strategic and transactional experience of its founder.

Leadership
Jay Lee TaraginCFO
CFO of MKC since 2019 and previously CFO of Churchill Capital Corp VII and AltC Acquisition Corp.
Michael Stuart KleinCEO, Director
Founder of Churchill Capital series; led mergers with Clarivate Analytics, Skillsoft Corp, and Lucid Group.
William M ShermanDirector
Former EVP and COO of Nat Sherman Inc., led its sale to Altria Group.

Structure: 36M units at $10.00 per unit. Each unit = one Class A ordinary share + 1/10 of one redeemable warrant. Citigroup sole book-running manager.

New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Jul 31 XIII Churchill Capital Corp XIII $360M 100.0%
Jul 31 EWAV East West Ave Acquisition Corp. $100M 100.5%
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  $11M overallotment 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 31, 2026

SPAC VOTE RESULTS
LAKESHORE ACQUISITION III CORP (LCCC) * Extend to August 1, 20275,082,213 redeemed

SPAC DEALS ANNOUNCED
July 31 | Mckinley Acquisition Corp (MKLY) + Space-Eyes, Inc.Space-Eyes, Inc. is a U.S. geospatial intelligence and technology company that provides space-driven awareness for high-stakes environments. It develops data-driven systems for maritime operations, disaster monitoring, and defense and security missions. The company focuses on advanced analytics and multi-sensor integration to support decision-makers.
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
Andretti Acquisition Corp II (POLE) * EXTENSION VOTE SET: August 28, 2026 * trust $10.83

SEPARATE WARRANTS/RIGHTS
August 3: OCEAN CAPITAL ACQUISITION CORP (OCAC)
July 31: SOUTHERN CROSS ACQUISITION I CORP (NCO)
July 31: COLUMBUS CIRCLE CAPITAL CORP III (CCCT)
July 31: FUTUREWAVE ACQUISITION CORP (FWAC)
July 30: SNOW ROTHSCHILD ACQUISITION CORP (ISNR)

OTHER SPAC NEWS
DIGITAL ASSET ACQUISITION CORP (DAAQ) * Vote PostponedDAAQ postpones the meeting to approve the Old Glory Bank merger to Aug 14, 2026.
KEEN VISION ACQUISITION CORP (KVAC) * DelistingKeen Vision Acquisition Corporation faces Nasdaq delisting; will trade OTC and seeks to re-list after a future business combination.

SPAC LISTING RULE NOTICES
COLUMBUS ACQUISITION CORP (COLA) * Listing Rule NoticeNasdaq grants Columbus Acquisition an extension to regain compliance with the minimum holders rule through November 18, 2026.
KEEN VISION ACQUISITION CORP (KVAC) * Listing Rule NoticeNasdaq to delist Keen Vision after SPAC non-compliance; will trade OTC; plans to relist if a business combination closes.

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

SPAC Executive & Director Moves — July 31, 2026

SPAC Executive & Director Moves
Company Ticker Moves
PELICAN ACQUISITION II CORP PLCIU
  • On July 23, 2026, Daniel M. McCabe, Becky Fallon, and Sean Michael Deegan joined the board of directors of Pelican Acquisition II Corporation as independent directors.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — July 31, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
RESEARCH ALLIANCE CORP III RACC 32.7% $ 21.90 Announced
DIGITAL ASSET ACQUISITION CORP DAAQ 21.9% $ 8.40 Announced
D BORAL ARC ACQUISITION I CORP BCAR 17.1% $ 4.87 Announced
BLUEPORT ACQUISITION LTD BPAC 9.9% $ 9.18 Announced
CO2 ENERGY TRANSITION CORP NOEM 8.5% $ 12.00 Pre-Deal
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
RISING DRAGON ACQUISITION CORP RDAC -7.5% $ 6.00 Announced
BEST SPAC I ACQUISITION CORP BSAA -7.1% $ 10.66 Announced
BLACK HAWK ACQUISITION CORP BKHA -2.6% $ 11.78 Announced
STONEBRIDGE ACQUISITION II CORP APAC -2.2% $ 10.88 Pre-Deal
EUREKA ACQUISITION CORP EURK -1.6% $ 11.99 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

  • What merger did Mckinley Acquisition Corp announce on July 31, 2026?
    Mckinley Acquisition Corp (MKLY) announced a merger with Space-Eyes, Inc., a U.S. geospatial intelligence and technology company focused on maritime operations, disaster monitoring, defense, and security missions.
  • How many SPAC IPOs priced in July 2026 through July 31?
    18 SPAC IPOs priced for $3.88B through July 31, 2026, compared with 20 IPOs for $4.32B over the same prior-month-to-date period.
  • Which SPAC IPOs priced on July 31, 2026?
    Churchill Capital Corp XIII (XIII) priced a $360M IPO, and East West Ave Acquisition Corp (EWAV) priced a $100M IPO, for $460M combined.
  • What was East West Ave Acquisition Corp’s trust funding percentage?
    East West Ave Acquisition Corp (EWAV) reported initial trust funding of 100.5% on its $100M IPO.
  • What happened at Lakeshore Acquisition III Corp’s extension vote?
    Lakeshore Acquisition III Corp (LCCC) approved an extension to August 1, 2027, with 5,082,213 shares redeemed; the vote-results data did not report dollars removed from trust.


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Published Jul 31, 2026 · last updated Jul 31, 2026

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