SPAC Market Update October 2, 2026: XRPN-Evernorth Deal Approved, MSSAF Liquidates

SPAC IPO Update — October 2, 2026

No SPAC IPOs priced on October 2, 2026; October MTD now stands at 1 IPO totaling $200M over 2 sessions.

Daily SPAC Update — October 2, 2026

SPAC VOTE RESULTS
ARMADA ACQUISITION CORP II (XRPN) * Deal Approved with Evernorth Holdings Inc.

SEPARATE WARRANTS/RIGHTS
October 5: INFLECTION POINT ACQUISITION CORP VIII (IPHX)

SPAC LIQUIDATIONS
METAL SKY STAR ACQUISITION CORP (MSSAF) -> Liquidation on October 2

SPAC DEALS ANNOUNCED
September 28 | Proem Acquisition Corp I (PAAC) + ASTRO DIGITAL US, INC.ASTRO DIGITAL US, INC. provides infrastructure for space constellations by designing, manufacturing, launching, and operating mission-configurable satellites. It serves commercial, civil, and defense customers, collaborating with constellation operators from initial spacecraft development to large-scale production. Headquartered in Denver, Colorado, the company also has operations in California and Australia and has worked with over 30 customers across 16 mission types since 2018.
September 28 | Bold Eagle Acquisition Corp (BEAG) + REDLatticeREDLattice is a U.S.-based defense technology company that serves the global intelligence community, law enforcement, and military sectors. It specializes in digital access solutions and cyber capabilities, offering technical and engineering expertise to its customers.
September 28 | Harvard Ave Acquisition Corp (HAVA) + OAG International LtdOAG International Ltd provides specialized pipeline construction and integrity services for onshore and offshore energy infrastructure. Founded in 1999, it has completed over 200 projects in more than 27 countries for around 40 clients, including major pipeline contractors and energy companies. Its services include field joint coating, welding, and Non-Destructive Testing, with a focus on offshore field joint coating, which requires high reliability and quality assurance. OAG aims to expand its geographic presence and develop proprietary technologies within the pipeline construction and integrity sector.
September 28 | Oceanlight Acquisition Corp (OCLT) + AIRE IncAIRE Inc is a home textile and green sleep technology company focused on developing and commercializing environmentally friendly advanced materials. It aims to provide customers with sleep solutions while prioritizing ecological sustainability.
September 28 | Futurewave Acquisition Corp (FWAC) + Olympian Group IncOlympian Group Inc. is a Cayman Islands exempted holding company for HK Shang Ge Industrial Limited. It operates through its wholly owned subsidiary in Hong Kong, providing vertically oriented integrated chip and electronic component solutions. The company focuses on supply chain management, product solutions, and value-added services aimed at customer fulfillment.

SPAC Executive & Director Moves — October 2, 2026

SPAC Movers — October 2, 2026

Frequently Asked Questions

• What did XRPN shareholders approve on October 2, 2026?
  Armada Acquisition Corp II (XRPN) reported shareholder approval for its merger with Evernorth Holdings Inc. The vote-results data lists the outcome as Deal approved and provides no redemption total.
• How many SPAC vote results were reported today?
  A single SPAC vote result was reported today: XRPN’s merger approval with Evernorth Holdings Inc.
• How many SPAC IPOs priced in October 2026 through October 2?
  October SPAC IPO issuance totaled one offering for $200M through October 2, 2026, versus one offering for $100M over the same 2-day span in September.
• Which SPAC liquidation appeared on October 2?
  Metal Sky Star Acquisition Corp (MSSAF) listed a liquidation on October 2, 2026.
• Which merger announcements appeared over the last 5 days?
  The last 5 days included 5 announced SPAC deals: PAAC-Astro Digital US, BEAG-REDLattice, HAVA-OAG International, OCLT-AIRE, and FWAC-Olympian Group.