Boardroom Alpha
DeSPAC tracker

DeSPAC closes.

U.S. SPACs that have completed their business combination — monthly close volume, post-merger price distribution, and the deals that just landed.

Data as of
MTD closes
4
YTD closes
39
Avg announce → close
322d
131 pipeline
What counts as a DeSPAC

A SPAC that has completed its business combination — the formerly-blank-check shell now operates as the merged target. We count the close once the SEC filing confirms the merger consummated. The post-close share price is the most recent end-of-day close at the new ticker; values below $10 typically mean the deal closed at a discount to the SPAC's trust value.

History

Monthly DeSPAC closes

Trailing 13 months
4
4
1
2
7
1
4
7
6
4
3
4
Oct 25 → Oct 26
Post-close trading

Price distribution vs $10 trust

Last 12 mo · 38 priced

Latest close price for every DeSPAC that completed in the trailing 12 months and currently has a price feed. The $10 line is the SPAC's nominal trust value — closes below it mean the merged company trades at a discount.

32%
26%
29%
13%
< $212
$2 – $510
$5 – $1011
≥ $10 (trust)5
Recent closes

Just landed9

Last 60 days · 28 in 180d
XPRN→XRPN
Armada Acquisition Corp II → Evernorth Holdings Inc.
$15.45
+54% vs $10

At closing, Evernorth will be a publicly traded digital asset treasury that provides investors with exposure to XRP through a regulated, liquid, and transparent structure. Unlike ETFs, Evernorth intends to actively grow its XRP per share through a mix of institutional and DeFi yield strategies, ecosystem participation, and capital markets activities.

354d announce→closeClosed Oct 9, 2026
TETEF→BBCI
Technology & Telecommunication Acquisition Corp → Super Apps Holdings

Super App Holdings Sdn. Bhd. (the “Company”) is a holding company that immediately prior to the closing of the Business Combination will purchase 60% of MobilityOne’s ownership interest in OneShop Retail Sdn. Bhd. (“OneShop Retail”). MobilityOne has developed an end-to-end e-commerce solution which connects various service providers across several industries such as banking, telecommunication and transportation through multiple distribution devices such as EDC terminals, short messaging services, Automated Teller Machine and Internet banking.

1448d announce→closeClosed Oct 6, 2026
VACI→NSTR
Northstar Earth & Space Enterprises Inc → NorthStar Earth & Space Inc
$2.90
-71% vs $10

NorthStar’s precise information services identify and anticipate the position of space objects to enhance spaceflight safety. NorthStar is the first commercial service to deliver space-based SSA and SDA capabilities on an international scale. With headquarters in Montreal, Canada, a European headquarters in Luxembourg, and a dedicated US operation in New York, NorthStar addresses the ever-growing threat of space collisions as a major contribution to empower humanity to preserve our planet.

167d announce→closeClosed Oct 1, 2026
COLA→SAIQ
Columbus Acquisition Corp → WISeSat.Space
$3.16
-68% vs $10

WISeSat.Space Holdings, which we refer to as WISeSat, was incorporated in 2025, and is a holding company for WISeSat.Space AG, which was incorporated in 2024, and is headquartered in Zug, Switzerland. WISeSat operates as a subsidiary of WISeKey. WISeSat’s nanosatellite constellation is designed to deliver real-time, low-cost, and secure IoT connectivity for sectors including energy, logistics, infrastructure, and climate monitoring. Through advanced encryption and distributed ledger integration, WISeSat enables tamper-proof, decentralized communication frameworks that support critical global applications.

325d announce→closeClosed Oct 1, 2026
IPEX→GOW
Inflection Point Acquisition Corp V → GOWell Technology Limited

GOWell Technology Limited is an international company that provides a wide range of innovative well logging technologies and distributed sensing solutions for energy companies globally. The Company maintains a multi-disciplinary research and development team with a robust patent portfolio of technology aimed to solve complex industry challenges. GOWell’s solutions can be applied to a wide range of wells from traditional energy to energy transition. The Company has a global, diverse customer base with long-term relationships with the key major oil service companies and operators in the energy sector. Headquartered in Singapore, GOWell has a global manufacturing and procurement network, with regional hubs in the United States, UAE and China in addition to regional operations that cover more than 50 countries.

gowell.energy
346d announce→closeClosed Sep 25, 2026
HVII→ONEN
Hennessy Capital Investment Corp VII → One Nuclear

ONE Nuclear Energy is an independent developer of energy parks powered by natural gas and advanced nuclear SMR technology. ONE Nuclear focuses on creating scalable energy solutions through its natural gas and nuclear park development approach, which will enable efficient deployment of multiple SMR units to serve industrial and grid applications. ONE Nuclear is committed to advancing clean energy deployment through innovative nuclear technologies and strategic site development.

onenuclearenergy.com
335d announce→closeClosed Sep 23, 2026
NHIC→NWCL
Newhold Investment Corp III → Newcleo Ltd

newcleo is an innovative nuclear energy company developing AMRs cooled by liquid lead, and nuclear fuel from recycled nuclear waste, with the goal of delivering abundant, competitive, low-carbon energy. The Company was founded by physicist-entrepreneur Stefano Buono following the USD 3.9 billion sale of his previous venture – Nasdaq-listed nuclear medicine company Advanced Accelerator Applications – to Novartis. With over $80 million in revenue, other income, and financial income in 2024 including from its operating companies, approximately $780 million in private funding, and more than 900 highly skilled employees across Europe and the United States, the Company has built a network of over 100 industry partnerships and supports its growth through the targeted acquisition and vertical integration of key companies in the nuclear supply chain.

newcleo.com
117d announce→closeClosed Sep 21, 2026
BBCQ→PSQL
Bleichroeder Acquisition Corp II → Pasqal
$5.67
-43% vs $10

Pasqal is a leader in the industrialization of neutral-atom quantum computing, transforming Nobel Prize-winning research into real-world solutions for industry, science, and governments. Since its founding in 2019, Pasqal has built high-performance quantum systems and cloud-ready software designed to address complex challenges in optimization, simulation, and artificial intelligence. Pasqal, headquartered in France, employs over 275 people and serves over 25 clients, including CMA CGM, OVHcloud, Thales, IBM (Pasqal is part of the IBM Quantum Network), Nvidia, and Sumitomo. Backed by more than $300 million in total funding from leading international investors, Pasqal is accelerating the adoption of scalable, high-performance quantum computing worldwide.

176d announce→closeClosed Aug 27, 2026
BCAR→XLAB
D Boral Arc Acquisition I Corp → Exascale Labs Inc
$2.35
-77% vs $10

Exascale is a GPU cloud–infrastructure provider focused on building next-generation AI compute platforms. Exascale designs, deploys, and operates end-to-end systems spanning modular data centers, direct-to-chip liquid-cooling infrastructure, NDR/HDR InfiniBand networking, rack-scale integration, GPU procurement and leasing, and full-stack orchestration. Exascale’s proprietary control plane provides real-time resource scheduling, AI-assisted telemetry and monitoring, predictive maintenance, and policy-based workload placement. To learn more, visit https://www.exascalelabs.ai.

exascalelabs.ai
226d announce→closeClosed Aug 27, 2026
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