SPAC IPO Update — October 16, 2026
1 SPAC IPO priced on October 16, 2026, raising $100M; October MTD now stands at 4 IPOs totaling $491M over 16 sessions.
SPAC IPO Count
Month-to-date: 4 IPOs ($491M) vs. first 16 days of last month 1 ($100M) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
TCGX Acquisition Corp. II is targeting biotech opportunities, with a focus on assets sourced from China. The company aims to leverage its management’s expertise in life sciences and its established presence in both U.S. and Asia markets.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| Oct 16 | TCXB | TCGX Acquisition Corp. II | $100M | 100.0% |
| Oct 14 | FLSC | FRAZIER LIFE SCIENCES ACQUISITION CORP II | $75M | 100.0% |
| Oct 06 | PAXG | PINE TREE ACQUISITION CORP | $100M $6M overallotment | 100.0% |
Daily SPAC Update — October 16, 2026
SPAC VOTE RESULTS
EVEREST CONSOLIDATOR ACQUISITION CORP (MNTN1) * Extend to December 31, 2027
SPAC DEALS ANNOUNCED
October 15 | Pyrophyte Acquisition Corp II (PAII) + Sakuu CorpSakuu Corp provides commercial-scale printing equipment and technologies for manufacturers of batteries, electrodes, and supercapacitors. Its Kavian Platform enables dry printing of battery electrodes, promoting rapid manufacturing while reducing costs and waste. Headquartered in Silicon Valley, it focuses on sustainable manufacturing solutions.
October 13 | Horizon Space Acquisition I Corp (HSPOF) + ArcheNova Biotech CorpArcheNova Biotech Corp is a clinical-stage biopharmaceutical company that focuses on the research, development, and commercialization of drugs derived from MSC-derived extracellular vesicles and exosomes. It is advancing five product candidates across various therapeutic areas, including dermatology, orthopedics, ophthalmology, neurology, and cardiology. Its lead candidate for psoriasis has completed a Phase I study and is preparing for a Phase II trial.
SPAC DEAL & EXTENSION VOTES SET
Climaterock (CLRCF) * EXTENSION VOTE SET: October 29, 2026 * trust $13.38
Cactus Acquisition Corp 1 Ltd (CCTSF) * EXTENSION VOTE SET: October 27, 2026 * trust $12.60
SPAC EXTENSIONS
ATHENA TECHNOLOGY ACQUISITION CORP II (ATEK) * Extension FilingAthena Technology Acquisition Corp. II extends its deadline to November 14, 2026, with a $271.48 deposit into the trust.
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-10-09: COPL + Ignite Proteomics Holdings,
OTHER SPAC NEWS
OAKTREE ACQUISITION CORP III LIFE SCIENCES (OACC) * Vote PostponedOaktree Acquisition Corp. III Life Sciences postpones the general meeting to Oct 23, 2026 to extend the business combination deadline.
OAKTREE ACQUISITION CORP III LIFE SCIENCES (OACC) * Redemption Update * 13,326,977 redeemedOaktree Acquisition III Life Sciences extends the extension. 13.33M Class A redeemed; sponsor converts B to A founder shares.
PYROPHYTE ACQUISITION CORP II (PAII) * Merger Agreement
SPACSPHERE ACQUISITION CORP (SSAC) * Merger Agreement AmendmentAmendment to BCA expands the board to seven, adding two company-designated directors and four independents.
SPAC Executive & Director Moves — October 16, 2026
| Company | Ticker | Moves |
|---|---|---|
| CANTOR EQUITY PARTNERS VII INC | CAES |
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| CANTOR EQUITY PARTNERS V INC | CEPV |
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SPAC Movers — October 16, 2026
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| RF ACQUISITION CORP II | RFAI | 13.1% | $ 34.00 | Announced |
| FUTURE VISION II ACQUISITION CORP | FVN | 8.3% | $ 9.50 | Announced |
| XFLH CAPITAL CORP | XFLH | 7.7% | $ 10.88 | Pre-Deal |
| CALISA ACQUISITION CORP | ALIS | 4.8% | $ 8.93 | Announced |
| CHURCHILL CAPITAL CORP XI | CCXI | 4.8% | $ 11.35 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| ARCHIMEDES TECH SPAC PARTNERS II CO | ATII | -11.9% | $ 8.86 | Announced |
| BLACK HAWK ACQUISITION CORP | BKHA | -11.5% | $ 6.85 | Announced |
| RIBBON ACQUISITION CORP | RIBB | -6.2% | $ 6.20 | Announced |
| TCGX ACQUISITION CORP | TCGX | -4.0% | $ 12.36 | Pre-Deal |
| OAKTREE ACQUISITION CORP III LIFE SCIENCES | OACC | -2.6% | $ 10.65 | Pre-Deal |
Frequently Asked Questions
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What did Pyrophyte Acquisition Corp II announce with Sakuu Corp?Pyrophyte Acquisition Corp II (PAII) announced a merger agreement with Sakuu Corp on October 15, 2026. Sakuu provides commercial-scale printing equipment and technologies for battery, electrode and supercapacitor manufacturers.
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Which SPAC IPO priced on October 16, 2026?
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How many SPAC IPOs priced in October 2026 through October 16?4 SPAC IPOs priced for $491M through October 16, 2026, compared with 1 IPO for $100M over the same first 16 days of September 2026.
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Which extension votes were set today?
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What was the Everest Consolidator Acquisition Corp vote result?Everest Consolidator Acquisition Corp (MNTN1) received approval to extend its deadline to December 31, 2027; the source data did not provide redemption share or dollar figures.