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SPACs · Jun 25, 2026

SPAC Market Update June 25, 2026: CGCF, ALPX Price 2 SPAC IPOs for $350M

Cartesian Growth Corp IV (CGCF) and Alpex Acquisition Corp (ALPX) priced 2 SPAC IPOs on June 25, 2026, raising $350M combined. June MTD issuance reached 17 SPAC IPOs for $3.50B through 25 sessions, versus 18 IPOs for $2.57B over the same span in May.

SPAC IPO Update — June 25, 2026

2 SPAC IPOs priced on June 25, 2026, raising $350M; June MTD now stands at 17 IPOs totaling $3.50B over 25 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 17Prior: 20MoM: -3
10
Jun ’25
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
17
Jun ’26
Source: Boardroom Alpha
IPO Activity Snapshot2 SPAC IPOs today raising $350M · CGCF ($250M), ALPX ($100M)
Month-to-date: 17 IPOs ($3.50B) vs. first 25 days of last month 18 ($2.57B) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
Size
$250M
Ticker
Sponsor
CGC IV Sponsor LLC

Cartesian Growth Corp IV filed for a $250M IPO, with shares to be listed on Nasdaq. The SPAC is led by Peter Yu, who has a history of successful investments through Cartesian. It targets high-growth businesses with transnational operations, adhering to the UN Principles for Responsible Investment.

Leadership
Eduardo Agustin Ojea QuintanaDirector
Chief Legal Officer at Flybondi since 2021, previously Head of Legal at Midea Carrier.
Monica Roma WilsonDirector
Advisory Board Member at Ventura Capital and international lawyer at 9BR Chambers.
Nam TrinhCFO, Director
CFO of PolyNatura Corp and former CFO at Aqua Comms DAC.
Peter YuCEO, Director
Founder of Cartesian, led over 20 investments in 30 countries, former CEO of AIGCP.
Yongchen LuDirector
CEO of Tim Hortons China, former CFO of Burger King China.

Structure: 25M units at $10.00. Each unit = one Class A share + 1/3 of a warrant. Cantor Fitzgerald & Co. as lead book-runner.

Size
$100M
Ticker
ALPX / ALPXU
Sponsor
Hugreat Ltd

Alpex Acquisition Corp aims to raise $100M through its IPO, trading under ALPX on Nasdaq. It focuses on high-growth TMT, consumer technology, and next-gen innovation sectors.

Leadership
Joy Yi HuaDirector
CFO and Chairwoman of Foxx Development Holdings, former CEO of Acri Capital Acquisition Corp.
Xiaolin ZhengCEO, Director
Former Partner at CE Innovation Capital, led strategic investments at JD.com.
Xinyue Jasmine GeffnerDirector
Managing Director at Austen Capital, former CFO of Dorsett Hospitality.
Ying XuCFO, Director
Principal at Bits x Bites, former VP at Eight Roads Capital.
Yuanmei MaDirector
Former CFO of Charlton Aria Acquisition Corporation, with experience in new energy sectors.

Structure: 10M units at $10.00. Each unit = one Class A share + one warrant + one right. Units listed under ALPXU on Nasdaq.

New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Jun 25 ALPX Alpex Acquisition Corp $100M 100.0%
Jun 25 CGCF Cartesian Growth Corp IV $250M 100.0%
Jun 23 GHXI GORES HOLDINGS XI INC $312M  $47M overallotment 100.0%
Jun 18 TVIV TEXAS VENTURES ACQUISITION IV CORP $150M  $23M overallotment 100.5%
Jun 18 WLCO WILCO 63 CORP $200M  $30M overallotment 100.0%
Jun 17 CAES CANTOR EQUITY PARTNERS VII INC $250M  $0M overallotment 100.0%
Jun 16 YICC YORKVILLE INTERNATIONAL CAPITAL CORP $200M  $30M overallotment 100.0%
Source: Boardroom Alpha

Daily SPAC Update — June 25, 2026

SPAC VOTE RESULTS
QUARTZSEA ACQUISITION CORP (QSEA) * Extend to October 19, 20261,275,382 redeemed
ALPHA STAR ACQUISITION CORP (ALSAF) * Deal Approved with OU XDATA GROUP46 redeemed

SPAC DEALS ANNOUNCED
June 24 | Churchill Capital Corp XI (CCXI) + Agility Robotics, Inc.Agility Robotics, Inc. develops humanoid robots that operate in warehouses, manufacturing facilities, and distribution centers. These robots handle physically demanding and repetitive tasks, allowing human workers to concentrate on higher-value activities. The company emphasizes safety standards and has accumulated deployment data over several years.

SEPARATE WARRANTS/RIGHTS
June 23: QUANTUM LEAP ACQUISITION CORP (QLEP)
June 22: MOUNTAIN CREST ACQUISITION 6 CORP (MCAH)
June 22: GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP (GCGR)
June 22: KEYSTONE ACQUISITION CORP (KEYY)
June 22: FOREFRONT TECH HOLDINGS ACQUISITION CORP (FTHA)
June 22: CH4 NATURAL SOLUTIONS CORP (MTNE)

OTHER SPAC NEWS
CANTOR EQUITY PARTNERS I INC (CEPO) * Vote PostponedCantor Equity Partners I, Inc. postpones its EGM to July 2, 2026 and extends redemption deadline to June 30, 2026.
GIGCAPITAL8 CORP (GIW) * Non-Binding LOIGigCapital8, WISeKey, and SEALSQ form Quantisimo SPV to pursue a $575M merger; closing depends on due diligence and financing.
GRAF GLOBAL CORP (GRAF) * Media TranscriptIce Cube discusses BIG3’s planned SPAC merger with Graf Global to go public at a valuation of 290 million. He outlines expansion ambitions, including a global footprint and youth participation.

SPAC Executive & Director Moves — June 25, 2026

SPAC Executive & Director Moves
Company Ticker Moves
GORES HOLDINGS XI INC GHXIU
  • On June 22, 2026, Randall Bort, Keith Covington, and Elizabeth Marcellino were appointed as directors of the Company, with specific roles on the audit and compensation committees.  (view source)
MOZAYYX ACQUISITION CORP MZYX
  • Emma Rose Bienvenu has been appointed as an independent director and has been designated as a member of the Audit Committee and chairperson of the Nominating and Corporate Governance Committee, effective June 16, 2026.  (view source)
TEXAS VENTURES ACQUISITION IV CORP TVIVU
  • On June 17, 2026, R. Greg Smith, Andrew Clark, Harvin Moore, and Aruna Viswanathan were appointed as directors of the Company, with Moore taking on leadership roles in both the Audit and Compensation Committees.  (view source)
WILCO 63 CORP WLCOU
  • On June 17, 2026, James Reynolds, Sriram Ramanathan, Matt Swann, and Joseph Bradley were appointed to the board of directors of the Company.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — June 25, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
CHURCHILL CAPITAL CORP XI CCXI 15.1% $ 11.99 Announced
GENERAL PURPOSE ACQUISITION CORP GPAC 12.6% $ 14.72 Pre-Deal
REAL ASSET ACQUISITION CORP RAAQ 3.9% $ 10.84 Announced
CHURCHILL CAPITAL CORP XII CXII 3.5% $ 10.40 Pre-Deal
RISING DRAGON ACQUISITION CORP RDAC 2.8% $ 5.60 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
AIMEI HEALTH TECHNOLOGY CO LTD AFJK -7.4% $ 28.60 Announced
STONEBRIDGE ACQUISITION II CORP APAC -7.1% $ 10.62 Pre-Deal
CANTOR EQUITY PARTNERS I INC CEPO -4.4% $ 10.00 Announced
FG MERGER II CORP FGMC -3.6% $ 10.05 Announced
MOUNTAIN CREST ACQUISITION 6 CORP MCAH -2.5% $ 9.93 Pre-Deal
Source: Boardroom Alpha market data

Frequently Asked Questions

  • Which SPAC IPOs priced on June 25, 2026?
    Cartesian Growth Corp IV (CGCF) priced a $250M IPO, and Alpex Acquisition Corp (ALPX) priced a $100M IPO. Together they raised $350M across 2 SPAC IPOs.
  • How many SPAC IPOs priced in June 2026 through June 25?
    17 SPAC IPOs priced for $3.50B through 25 sessions, versus 18 IPOs for $2.57B over the same span in May 2026. The $ totals include underwriter over-allotment.
  • What happened in the ALSAF merger vote?
    ALPHA STAR ACQUISITION CORP (ALSAF) won shareholder approval for its combination with OU XDATA GROUP. The vote had 46 shares redeemed.
  • What was the QSEA extension vote result?
    QUARTZSEA ACQUISITION CORP (QSEA) won extension approval, with 1,275,382 shares redeemed. Its deadline moved to October 19, 2026.


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Published Jun 25, 2026

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