SPAC Daily: 3 DAs to Kick off Week

Happy Monday! 3 new Definitive Agreements were announced today (or technically 2 if you count a Saturday international deal), to kick things off with a little bit of a Merger Monday bang. Included were another private jet company choosing the SPAC route, and a biotech:

Today’s new SPAC DAs

We recap the rest of the day’s SPAC news below.

Elsewhere in SPACs

  • Malacca Straits Acquisition Corp. (MLAC) is likely the lowest-float pre-deal SPAC as it disclosed it has just over 500k shares left in trust following its extension vote
  • Sanaby Health Acquisition Corp. I (SANB) will liquidate on 10/19 at ~$10.22 share
  • Bridgetown Holdings Limited (BTWN) disclosed it has over 15M shares left in trust following its extension vote
  • African Gold Acquisition Corp. (AGAC) is being investigated by the SEC and the DOJ advised that a grand jury subpoena has been issued against them

SPAC Calendar

Today’s Movers

Biggest Gainers

1.96% ~ $ 10.38 | MTRY – Monterey Bio Acquisition Corp (Pre-Deal)
1.83% ~ $ 9.99 | PANA – Panacea Acquisition Corp. II (Pre-Deal)
1.59% ~ $ 10.25 | MAAQ – Mana Capital Acquisition Corp. (Announced)
1.11% ~ $ 10.00 | PNAC – Prime Number Acquisition I Corp. (Pre-Deal)
.92% ~ $ 9.92 | BTWN – Bridgetown Holdings Ltd (Pre-Deal)
.90% ~ $ 10.14 | HNRA – HNR Acquisition Corp (Pre-Deal)
.81% ~ $ 9.94 | XPDB – Power Digital Infrastructure Acquisition II Corp. (Pre-Deal)
.81% ~ $ 10.01 | INTE – Integral Acquisition Corp 1 (Pre-Deal)
.79% ~ $ 10.18 | TGR – Kimbell Tiger Acquisition Corp (Pre-Deal)
.77% ~ $ 10.43 | MPAC – Model Performance Acquisition Corp (Announced)
.70% ~ $ 10.02 | ARTE – Artemis Strategic Investment Corporation (Announced)
.70% ~ $ 10.07 | BRAC – Broad Capital Acquisition Corp (Pre-Deal)
.61% ~ $ 9.82 | SLVR – SILVERspac Inc (Pre-Deal)
.61% ~ $ 9.96 | INAQ – Insight Acquisition Corp. (Pre-Deal)
.60% ~ $ 10.13 | ARGU – Argus Capital Corp. (Pre-Deal)
.52% ~ $ 10.20 | TETE – Technology Telecommunication Acquisition Corp (Pre-Deal)
.51% ~ $ 9.84 | PEGR – Project Energy Reimagined Acquisition Corp. (Pre-Deal)
.51% ~ $ 9.91 | IPVI – InterPrivate IV InfraTech Partners Inc. (Pre-Deal)
.50% ~ $ 9.99 | DUET – DUET Acquisition Corp. (Announced)
.50% ~ $ 10.03 | WWAC – Worldwide Webb Acquisition Corp. (Pre-Deal)

Biggest Losers

-7.89% ~ $ 16.11 | DWAC – Digital World Acquisition Corp. (Announced)
-6.87% ~ $ 9.22 | LMAO – LMF Acquisition Opportunities, Inc. (Announced)
-1.39% ~ $ 9.90 | BOAS – BOA Acquisition Corp. (Announced)
-1.25% ~ $ 10.55 | HHGC – HHG Capital Corporation (Pre-Deal)
-.77% ~ $ 10.30 | FLYA – SOAR Technology Acquisition Corp. (Pre-Deal)
-.59% ~ $ 10.18 | ACEV – ACE Convergence Acquisition Corp (Announced)
-.51% ~ $ 9.81 | HWKZ – Hawks Acquisition Corp (Pre-Deal)
-.41% ~ $ 9.82 | DGNU – Dragoneer Growth Opportunities Corp. III (Pre-Deal)
-.40% ~ $ 9.95 | HZON – Horizon Acquisition Corporation II (Announced)
-.40% ~ $ 9.98 | SMAP – Sportsmap Tech Acquisition Corp. (Pre-Deal)
-.40% ~ $ 10.03 | ALOR – ALSP Orchid Acquisition Corp I (Pre-Deal)
-.40% ~ $ 10.08 | SHAP – Spree Acquisition Corp. 1 Ltd (Pre-Deal)
-.35% ~ $ 9.94 | CHAA – Catcha Investment Corp (Pre-Deal)
-.30% ~ $ 9.83 | PSPC – Post Holdings Partnering Corporation (Pre-Deal)
-.30% ~ $ 9.88 | SPTK – SportsTek Acquisition Corp. (Pre-Deal)
-.30% ~ $ 9.89 | IPVF – InterPrivate III Financial Partners Inc. (Announced)
-.30% ~ $ 9.92 | LDHA – LDH Growth Corp I (Pre-Deal)
-.30% ~ $ 10.13 | AMAO – American Acquisition Opportunity Inc (Announced)
-.29% ~ $ 10.24 | MCAA – Mountain Co. I Acquisition Corp. (Pre-Deal)
-.29% ~ $ 10.43 | MBTC – Nocturne Acquisition Corporation (Pre-Deal)

Recent Analysis

2026 Proxy Season Scorecard: Six Say-on-Pay Failures, AI Lands on Mega-Cap Ballots, and the Anti-ESG Pile-Up

Through May 21, 2026, U.S. public-company shareholders rejected six annual-meeting Say-on-Pay packages outright, voted against 18 directors at 14 companies, and crushed dozens of mega-cap shareholder proposals at sub-3% support. Plus: AI proposals filed at Alphabet, Meta, Walmart, and IBM; the split verdict on special-meeting rights; the activist-vote scorecard from four 2026 director-slate contests.

Weekly Recap: MO, OHI, WEN Rewire the C-Suite — May 22, 2026

Succession moved from emergency cleanup to portfolio rotation this week, with 24 CEO changes and 21 CFO changes across the tracked C-suite. Altria paired a CEO handoff with a CFO change, Omega Healthcare reset three senior finance and operating seats, and Wendy’s went back to the CEO market for the third time in three years.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

SPAC Market Update May 22, 2026: BRKH, PECE Price $140M of SPAC IPOs

BurTech Acquisition Corp II (BRKH) and Peace Acquisition Corp. (PECE) priced 2 SPAC IPOs on May 22, 2026, raising $140M combined. BRKH targets real estate, infrastructure and lifestyle brands; PECE targets businesses across Asia, excluding Mainland China, Hong Kong and Macau.

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