SPAC IPO Update — September 25, 2026
1 SPAC IPO priced on September 25, 2026, raising $150M; September MTD now stands at 5 IPOs totaling $888M over 25 sessions.
SPAC IPO Count
Month-to-date: 5 IPOs ($888M) vs. first 25 days of last month 8 ($1.25B) · 12-mo avg: 17/mo
$ totals include underwriter over-allotment.
Bluerock Acquisition Corp. II priced its $150M IPO on September 24, 2026, trading on Nasdaq under BRRK. The SPAC aims to leverage the Bluerock platform and its management team’s extensive network to target companies at an inflection point in their growth trajectory.
Structure: 15M units at $10.00 each. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. BTIG, LLC is the sole book-running manager.
| Date | Ticker | Issuer | IPO Size | Trust Funding |
|---|---|---|---|---|
| Sep 25 | BRRK | Bluerock Acquisition Corp. II | $150M | 100.5% |
| Sep 23 | LOVI | LIVE OAK ACQUISITION CORP VI | $200M | 100.0% |
| Sep 18 | LEDR | LEADER’S ADVANTAGE ACQUISITION CORP | $150M | 100.7% |
| Sep 17 | HYAC | HAYMAKER ACQUISITION CORP V | $250M $38M overallotment | 100.0% |
Daily SPAC Update — September 25, 2026
SPAC DEAL & EXTENSION VOTES SET
Archimedes Tech Spac Partners II Co (ATII) * DEAL VOTE SET: October 15, 2026 * trust $10.62
EXTENSION VOTES
SPARK I ACQUISITION CORP (SPKL)vote September 25, 2026 -> extend fromSeptember 29, 2026 to March 29, 2027
DeSPACs
September 24 | HVII DeSPAC → One Nuclear (ONEN)One Nuclear develops energy parks powered by natural gas and small modular reactor (SMR) technology. It focuses on creating scalable energy solutions for industrial and grid applications through the deployment of multiple SMR units. The company aims to advance clean energy deployment with its nuclear technologies and site development efforts.
SEPARATE WARRANTS/RIGHTS
September 24: ARC GROUP SECURITIES ACQUISITION I (FJDI)
OTHER SPAC NEWS
BLACK HAWK ACQUISITION CORP (BKHA) * Voting AgreementBKHA and Vesicor secure a Meteora financing package for the Vesicor deal, including forward, SEPA, backstop, and registration rights.
BLUE ACQUISITION CORP (BACC) * Investor Deck
INFLECTION POINT ACQUISITION CORP VII (IPXG) * PIPE UpdateElroy Air upsizes PIPE to $175M with Lockheed Martin; IPAC increases commitment ahead of the IPAC VII merger.
SPAC LIQUIDATIONS
METAL SKY STAR ACQUISITION CORP (MSSAF) -> Liquidation on October 2
SPAC Executive & Director Moves — September 25, 2026
| Company | Ticker | Moves |
|---|---|---|
| LIVE OAK ACQUISITION CORP VI | LOVIU |
|
SPAC Movers — September 25, 2026
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| RIBBON ACQUISITION CORP | RIBB | 7.8% | $ 8.82 | Announced |
| FUTURE VISION II ACQUISITION CORP | FVN | 4.6% | $ 9.74 | Announced |
| HELIX ACQUISITION CORP III | HLXC | 1.6% | $ 10.94 | Pre-Deal |
| GP-ACT III ACQUISITION CORP | GPAT | 0.8% | $ 11.08 | Pre-Deal |
| BLACK HAWK ACQUISITION CORP | BKHA | 0.7% | $ 12.19 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| INFLECTION POINT ACQUISITION CORP V | IPEX | -19.6% | $ 7.48 | Announced |
| RF ACQUISITION CORP II | RFAI | -9.4% | $ 31.00 | Announced |
| CHURCHILL CAPITAL CORP XI | CCXI | -3.9% | $ 12.23 | Announced |
| RISING DRAGON ACQUISITION CORP | RDAC | -3.1% | $ 5.37 | Announced |
| TCGX ACQUISITION CORP | TCGX | -2.4% | $ 14.38 | Pre-Deal |
Frequently Asked Questions
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What changed in the IPXG-Elroy Air merger financing?Inflection Point Acquisition Corp VII (IPXG) said Elroy Air upsized its PIPE to $175M with Lockheed Martin, and IPAC increased its commitment ahead of the merger.
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How many SPAC IPOs priced in September 2026 through September 25?5 SPAC IPOs priced for $888M through September 25, 2026, compared with 8 IPOs for $1.25B over the same span in August 2026.
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What was the trust funding percentage for BRRK‘s IPO?Bluerock Acquisition Corp. II (BRRK) funded trust at 100.5% and raised $150M in its September 25, 2026 IPO.
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When is ATII‘s deal vote scheduled?Archimedes Tech Spac Partners II Co (ATII) set its deal vote for October 15, 2026.
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What did BKHA disclose for the Vesicor deal?Black Hawk Acquisition Corp (BKHA) and Vesicor secured a Meteora financing package covering forward, SEPA, backstop, and registration rights.