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SPACs · Oct 29, 2026

SPAC Market Update October 29, 2026: BHAI Prices $100M IPO, IPXG Amends Elroy Air Deal

BHAV ACQUISITION CORP II (BHAI) priced a $100M SPAC IPO on October 29, 2026, with 100.5% initial trust funding. Separately, Inflection Point Acquisition Corp VII (IPXG) amended its Elroy Air merger agreement, revising equity conversions, incentive-plan…

SPAC IPO Update — October 29, 2026

1 SPAC IPO priced on October 29, 2026, raising $100M; October MTD now stands at 6 IPOs totaling $691M over 29 sessions.

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 6•Prior: 5•MoM: +1
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
12
Aug ’26
5
Sep ’26
6
Oct ’26
Source: Boardroom Alpha
IPO Activity Snapshot1 SPAC IPO today raising $100M · BHAI ($100M)
Month-to-date: 6 IPOs ($691M) vs. first 29 days of last month 5 ($940M) · 12-mo avg: 16/mo
$ totals include underwriter over-allotment.
Size
$100M
Ticker
Sponsor
BHAV Partners II LLC

Bhav Acquisition Corp II is targeting industries such as quantum computing, energy, and power infrastructure, emphasizing high barriers to entry and technological moats. The management team brings significant expertise in navigating complex regulatory environments.

Leadership
Balaji SwaminathanDirector
Founder and CEO of SAIML Pte Ltd, with prior leadership roles including President of Westpac International.
Chaitanya Kumar SettiCFO, Director
Director at OPELSOFT LLC, with experience in IT consulting and digital services.
Giri DevanurCEO, Director
Founder of reAlpha Tech Corp and co-founder of Taazu, Inc.; experienced in IT and capital planning.
John Patrick O’ConnellDirector
Founder of Conall Coaching Services, with past senior roles at Morgan Stanley and JPMorgan.
Piyush SadanaDirector
CEO of Nearsite, with a background in corporate finance and product development.
New SPAC IPOs
Date Ticker Issuer IPO Size Trust Funding
Oct 29 BHAI BHAV Acquisition Corp II $100M 100.5%
Oct 27 SCQC SPACCircle Acquisition Corp. $100M 100.5%
Source: Boardroom Alpha

Daily SPAC Update — October 29, 2026

EXTENSION VOTES
CLIMATEROCK (CLRCF)vote October 29, 2026 -> extend from November 2, 2026 to May 2, 2027
STELLAR V CAPITAL CORP (CAYMAN ISLANDS) (SVCC)vote October 29, 2026 -> extend from October 31, 2026 to July 31, 2027
COPLEY ACQUISITION CORP (COPL)vote October 29, 2026 -> extend from November 2, 2026 to November 2, 2027

SPAC EXTENSIONS
WINTERGREEN ACQUISITION CORP (WTG) * Extension FilingWintergreen extended its business-combination deadline to November 30, 2026, with its sponsor providing a $184,635 non-interest-bearing note to fund the extension.

OTHER SPAC NEWS
INFLECTION POINT ACQUISITION CORP VII (IPXG) * Merger Agreement AmendmentInflection Point and Elroy Air amended their merger agreement, revising equity conversions, incentive-plan limits, financial-statement deadlines, and lock-up requirements.

SPAC LISTING RULE NOTICES
EUREKA ACQUISITION CORP (EURK) * Listing Rule NoticeNasdaq granted Eureka Acquisition Corp. until January 31, 2027, to regain compliance with its public-float listing requirement.

SPAC DEALS ANNOUNCED
October 26 | Amanat Acquisition Corp (AMAN) + Corxel PharmaceuticalsCorxel Pharmaceuticals is a clinical-stage biopharmaceutical company that develops oral medicines for obesity and related cardiometabolic conditions. Its lead product candidate, CX11, is a once-daily oral GLP-1 receptor agonist that has completed Phase 2 clinical development in the United States and Phase 3 clinical development in Asia. The company is also advancing CX12, an investigational oral amylin receptor agonist currently in preclinical development.

SPAC Movers — October 29, 2026

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
RF ACQUISITION CORP II RFAI 37.0% $ 35.83 Announced
RIBBON ACQUISITION CORP RIBB 18.3% $ 6.71 Announced
FUTURE VISION II ACQUISITION CORP FVN 5.4% $ 11.75 Announced
QUETTA ACQUISITION CORP QETA 3.1% $ 11.55 Announced
RISING DRAGON ACQUISITION CORP RDAC 2.7% $ 5.03 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
CALISA ACQUISITION CORP ALIS -8.5% $ 8.20 Announced
MELAR ACQUISITION CORP I MACI -7.1% $ 10.22 Announced
TCGX ACQUISITION CORP II TCXB -2.1% $ 10.27 Pre-Deal
AI INFRASTRUCTURE ACQUISITION CORP AIIA -1.3% $ 10.22 Pre-Deal
BOLD EAGLE ACQUISITION CORP BEAG -1.2% $ 10.39 Announced
Source: Boardroom Alpha market data

Frequently Asked Questions

  • How many SPAC IPOs priced in October 2026 through October 29?
    6 SPAC IPOs priced for $691M through October 29, 2026, compared with 5 IPOs for $940M over the same 29-day span in September 2026.
  • What was BHAI‘s initial trust funding percentage?
    BHAV ACQUISITION CORP II (BHAI) listed 100.5% initial trust funding for its October 29, 2026 IPO.
  • What did IPXG change in its Elroy Air merger agreement?
    Inflection Point Acquisition Corp VII (IPXG) and Elroy Air revised equity conversions, incentive-plan limits, financial-statement deadlines and lock-up requirements.
  • Which SPACs held extension votes today?
    ClimateRock (CLRCF), Stellar V Capital Corp (Cayman Islands) (SVCC), and Copley Acquisition Corp (COPL) held extension votes on October 29, 2026.


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Published Oct 29, 2026

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