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SPACs · May 28, 2026

SPAC Market Update May 28, 2026: CGCT Deal Approval, $239.96M Redemption Update

Cartesian Growth Corp III (CGCT) reported about $239.96M redeemed from trust on May 28, 2026 after shareholders approved its merger. CGCT’s vote outcome was marked deal approved, and Lionano SE Inc. was listed as the target company.

Cartesian Growth Corp III (CGCT) reported about $239.96M redeemed from trust on May 28, 2026 after shareholders approved its merger. CGCT‘s vote outcome was marked deal approved, and Lionano SE Inc. was listed as the target company.

SPAC IPO Update — May 28, 2026

No SPAC IPOs priced on May 28, 2026; May MTD now stands at 19 IPOs totaling $2.52B over 28 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 19Prior: 16MoM: +3
22
May ’25
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
19
May ’26
Source: Boardroom Alpha
IPO Activity SnapshotMonth-to-date: 19 IPOs ($2.52B) vs. first 28 days of last month 9 ($1.47B) · 12-mo avg: 16/mo
New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
May 27 DGAC DISCIPLINED GROWTH ACQUISITION Corp $150M 100.5%
May 22 BRKH BURTECH ACQUISITION CORP II $80M 100.5%
May 22 PECE PEACE ACQUISITION CORP $60M 100.0%
May 21 APUR APERTURE AC $90M  $12M overallotment 100.2%
May 21 FXAC FORTUNEX ACQUISITION CORP $75M 100.5%
May 21 OHAC OCEANHAWK ACQUISITION CORP $160M 100.5%
May 20 RACC RESEARCH ALLIANCE CORP III $75M 100.0%
May 19 AMAN AMANAT ACQUISITION CORP $75M 100.0%
Source: Boardroom Alpha

Daily SPAC Update — May 28, 2026

SPAC VOTE RESULTS
CARTESIAN GROWTH CORP III (CGCT) * Deal Approved with Lionano SE Inc.

SPAC DEALS ANNOUNCED
May 27 | Newhold Investment Corp III (NHIC) + Newcleo LtdNewcleo Ltd develops advanced modular reactors (AMRs) cooled by liquid lead and produces nuclear fuel from recycled nuclear waste. It operates in the nuclear energy sector, focusing on delivering low-carbon energy solutions. The company has secured approximately $780 million in private funding and has formed over 100 industry partnerships, with a workforce of more than 900 employees across Europe and the United States.
May 27 | Translational Development Acquisition Corp (TDAC) + ProLogiumProLogium, founded in 2006, develops and manufactures lithium ceramic batteries and holds over 1,100 global patents. It introduced the first solid-state batteries with a 100% ceramic separator in 2013 and plans to launch a superfluidized all-inorganic solid-state battery in 2025. The company operates a GWh-class gigafactory in Taoyuan, Taiwan, and has established an R&D center in Paris-Saclay, France, to support the European market. Construction of its first overseas facility in Dunkirk, France, is set to begin in 2026.
May 26 | Lakeshore Acquisition III Corp (LCCC) + CPRO Electronics CoCPRO Electronics Co develops, manufactures, and sells AI security products, including Edge AI cameras and AI bridges. It integrates physical AI and AI-based retail technology to offer data solutions to large retail chains. The company links customer data detected by its cameras with the Cloud to provide insights that enhance operational efficiency.
May 26 | Axiom Intelligence Acquisition Corp 1 (AXIN) + Terra QuantumTerra Quantum is a global quantum technology company that develops and commercializes solutions in quantum computing, quantum security, and AI-driven optimization. It combines scientific research with software products to address complex computational challenges and enhance decision-making. Headquartered in St. Gallen, Switzerland, it serves customers and partners across various industries worldwide.

SPAC DEAL & EXTENSION VOTES SET
Live Oak Acquisition Corp V (LOKV) * DEAL VOTE SET: June 16, 2026 * trust $10.48
Translational Development Acquisition Corp (TDAC) * EXTENSION VOTE SET: June 17, 2026

EXTENSION VOTES
RISING DRAGON ACQUISITION CORP (RDAC)vote May 28, 2026 – extend from July 15, 2026 to October 15, 2027
BAYVIEW ACQUISITION CORP (BAYA)vote May 28, 2026 -> extend from June 19, 2026 to December 19, 2026

SEPARATE WARRANTS/RIGHTS
May 28: ARC GROUP ACQUISITION I CORP (ARBC)
May 28: ACP HOLDINGS ACQUISITION CORP (ACGC)
May 28: APOGEE ACQUISITION CORP (AACP)

OTHER SPAC NEWS
CARTESIAN GROWTH CORP III (CGCT) * Redemption Update * 23,051,313 redeemed * trust $10.41Shareholders approved the Factorial business combination and related governance proposals. Redemption of about $239.96 million from the trust occurred.
NEWHOLD INVESTMENT CORP III (NHIC) * Merger Agreement
NEWHOLD INVESTMENT CORP III (NHIC) * Investor Deck
TRANSLATIONAL DEVELOPMENT ACQUISITION CORP (TDAC) * Merger Agreement
TRANSLATIONAL DEVELOPMENT ACQUISITION CORP (TDAC) * Investor Deck

SPAC LISTING RULE NOTICES
ASPAC III ACQUISITION CORP (ASPC) * Listing Rule NoticeNasdaq found non-compliance with minimum stockholders’ equity; 45 days to submit plan, possible 180-day extension.
CHARLTON ARIA ACQUISITION CORP (CHAR) * Listing Rule NoticeNasdaq flagged Charlton Aria Acquisition for missing 10-K/10-Q; plans to file and seeks up to 180 days to regain compliance.
FLAG SHIP ACQUISITION CORP (FSHP) * Listing Rule NoticeFlag Ship Acquisition faces Nasdaq deficiency notices for late 2025 Form 10-K and Q1 2026 Form 10-Q; plans to regain compliance; no immediate listing impact.

SPAC Executive & Director Moves — May 28, 2026

SPAC Executive & Director Moves
Company Ticker Moves
FORTRESS VALUE ACQUISITION CORP V FVAV
  • On May 27, 2026, Karen Park was appointed as a director of Fortress Value Acquisition Corp. V and as a member of the Audit Committee and Compensation Committee.  (view source)
OCEANHAWK ACQUISITION CORP OHACU
  • On May 20, 2026, six individuals were appointed to the board of directors of the Company.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers — May 28, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 13.3% $ 45.32 Announced
HORIZON SPACE ACQUISITION II CORP HSPT 10.2% $ 10.01 Announced
CARTESIAN GROWTH CORP III CGCT 4.5% $ 11.34 Announced
CANTOR EQUITY PARTNERS II INC CEPT 2.9% $ 13.28 Announced
NEWHOLD INVESTMENT CORP III NHIC 2.8% $ 11.00 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GENERAL PURPOSE ACQUISITION CORP GPAC -18.5% $ 10.41 Pre-Deal
VOYAGER ACQUISITION CORP VACH -6.5% $ 10.01 Announced
BAYVIEW ACQUISITION CORP BAYA -5.6% $ 12.03 Announced
JATT II ACQUISITION CORP TBD -3.6% $ 10.51 Pre-Deal
REAL ASSET ACQUISITION CORP RAAQ -2.7% $ 11.39 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

How many SPAC IPOs priced in May 2026 through May 28?
19 SPAC IPOs priced for $2,524M through May 28, 2026, compared with 9 IPOs for $1,465M over the same 28-day span in April 2026.
How many CGCT shares were redeemed in the merger vote update?
CGCT disclosed 23,051,313 shares redeemed, with trust reported at $10.41 per share in the redemption update tied to the approved combination.
When is the LOKV merger vote scheduled?
Live Oak Acquisition Corp V (LOKV) set June 16, 2026 for its deal vote and reported trust at $10.48 per share.
Which SPACs held extension votes on May 28, 2026?
Rising Dragon Acquisition Corp (RDAC) voted on an extension to October 15, 2027; Bayview Acquisition Corp (BAYA) voted on an extension to December 19, 2026.


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Published May 28, 2026

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