Yes, SPAC IPOs are still pricing (slowly). Trouble is, last year’s bubble valuations are making deals tougher to execute as committed financing dries up. Expect more cancellations.
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Yes, SPAC IPOs are still happening, even if the pace is down to a trickle. 6 IPOs so far this month, down from 20 in February and 109 last March.
SPAC IPOs down to a trickle
But as we’ve seen in recent weeks, even SPACs with DAs aren’t out of the woods yet. Without committed financing, we are starting to see many SPAC deals priced at aggressive 2021 valuations fall through the cracks. Expect to see more sweeteners and especially deal cancellations as we navigate volatile markets for the foreseeable future.
So far in March, we’ve seen 2 deSPACs make it out of the gate, down from 9 last year.
Not surprisingly, market volatility is closing the exits
NUBI prices $110M IPO
Nubia Brand International (NUBI) priced a $110M IPO: 1/2W, $10.20 trust. Targeting wireless telecom. Patrick Orlando of Digital World Acquisition Corp. (DWAC) is a “special advisor” to the board. The SPAC will be led by CEO Jaymes Winters, and CFO Vlad Prantsevich.
EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering.
FMAC sweetens terms for shareholders ahead of Starry Merger
FirstMark Horizon (FMAC) reminds investors that its sweetened the deal for its proposed merger with Starry. The company is allocating an additional 1M shares to non-redeeming stockholders. 2.4M shares out of 41.4M public shares have agreed not to redeem in exchange for bonus shares.
RCFLU/Gett terminate deal
Rosecliff Acquisition Corp. (RCFLU) terminated its merger agreement with Gett as a result of “recent market volatility.” Gett, a corporate ground transportation management (GTM) technology platform, says it exit the Russian market permanently. The company expects to enter 2023 as a “fast-growing and profitable company that will be ready to go public when markets return to a more actionable state.” Rosecliff will keep looking for a deal. A prospectus wasn’t even filed for this one.
Biggest SPAC Movers
Biggest SPAC Gainers
4.44% ~ $ 9.40 | BTNB – Bridgetown 2 Holdings Limited (Announced)
2.45% ~ $ 11.71 | CFVI – CF Acquisition Corp. VI (Announced)
1.54% ~ $ 71.37 | DWAC – Digital World Acquisition Corp. (Announced)
.91% ~ $ 9.95 | DNAA – Social Capital Suvretta Holdings Corp. I (Announced)
.89% ~ $ 10.21 | MEKA – MELI Kaszek Pioneer Corp (Pre-Deal)
.62% ~ $ 9.80 | RVAC – Riverview Acquisition Corp. (Pre-Deal)
.61% ~ $ 9.88 | LCW – Learn CW Investment Corp (Pre-Deal)
.61% ~ $ 9.91 | PORT – Southport Acquisition Corporation (Pre-Deal)
.51% ~ $ 9.80 | PRPC – CC Neuberger Principal Holdings III (Pre-Deal)
.51% ~ $ 9.89 | VGII – Virgin Group Acquisition Corp. II (Announced)
.51% ~ $ 9.95 | SVNA – 7 Acquisition Corp (Pre-Deal)
.50% ~ $ 9.96 | VCXB – 10X Capital Venture Acquisition Corp. III (Pre-Deal)
.46% ~ $ 9.78 | LDHA – LDH Growth Corp I (Pre-Deal)
.45% ~ $ 10.02 | GACQ – Global Consumer Acquisition Corp. (Announced)
.41% ~ $ 9.76 | VAQC – Vector Acquisition Corporation II (Pre-Deal)
.41% ~ $ 9.78 | TWNI – Tailwind International Acquisition Corp. (Pre-Deal)
.41% ~ $ 9.82 | MON – Monument Circle Acquisition Corp (Pre-Deal)
.41% ~ $ 9.88 | SPAQ – Spartan Acquisition Corp. III (Announced)
.40% ~ $ 9.94 | OCA – Omnichannel Acquisition Corp (Pre-Deal)
.40% ~ $ 9.97 | APN – Apeiron Capital Investment Corp. (Pre-Deal)
Biggest SPAC Losers
-20.02% ~ $ 7.95 | FMAC – FirstMark Horizon Acquisition Corp (Announced)
-1.92% ~ $ 9.71 | CPAA – Conyers Park III Acquisition Corp. (Pre-Deal)
-1.15% ~ $ 9.44 | MOTV – Motive Capital Corp (Announced)
-1.11% ~ $ 9.73 | TCOA – Trajectory Alpha Acquisition Corp. (Pre-Deal)
-.82% ~ $ 10.89 | GGPI – Gores Guggenheim, Inc (Announced)
-.60% ~ $ 9.89 | MCAF – Mountain Crest Acquisition Corp. IV (Pre-Deal)
-.53% ~ $ 9.84 | DAOO – Crypto 1 Acquisition Corp (Pre-Deal)
-.52% ~ $ 9.65 | APMI – AxonPrime Infrastructure Acquisition Corp (Pre-Deal)
-.51% ~ $ 9.76 | RCLF – Rosecliff Acquisition Corp I (Pre-Deal)
-.51% ~ $ 9.80 | INAQ – Insight Acquisition Corp. (Pre-Deal)
-.50% ~ $ 9.87 | ACAB – Atlantic Coastal Acquisition Corp. II (Pre-Deal)
-.50% ~ $ 9.92 | MNTN – Everest Consolidator Acquisition Corp (Pre-Deal)
-.50% ~ $ 10.00 | DTRT – DTRT Health Acquisition Corp. (Pre-Deal)
-.44% ~ $ 10.14 | ADOC – Edoc Acquisition Corp (Announced)
-.40% ~ $ 9.87 | BNIX – Bannix Acquisition Corp. (Pre-Deal)
-.40% ~ $ 9.87 | ARTE – Artemis Strategic Investment Corporation (Pre-Deal)
-.40% ~ $ 10.07 | HUGS – USHG Acquisition Corp. (Announced)
-.31% ~ $ 9.70 | JUGG – Jaws Juggernaut Acquisition Corporation (Pre-Deal)
-.31% ~ $ 9.78 | NHIC – NewHold Investment Corp. II (Pre-Deal)
-.31% ~ $ 9.80 | MCAG – Mountain Crest Acquisition Corp. V (Pre-Deal)
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- Aimei Health Ends United Hydrogen Deal and Cantor / BSTR at Risk – SPAC Update July 9, 2026July 9, 2026Churchill Capital Corp XI (CCXI) posted a media transcript on July 9, 2026 describing Agility’s roughly $2.5B merger; Agility plans to raise about $620M. Separately, Aimei Health Technology Co Ltd (AFJK) terminated its business combination agreement with United Hydrogen, and the merger will not be consummated.
- SPAC Market Update July 8, 2026: Freedom Metals Prices $275M IPO, DAAQ and BCAR Votes SetJuly 8, 2026Freedom Metals Acquisition Corp. (FDMM) priced a $275M SPAC IPO on July 8, 2026, backed by NLC America SPAC 1 LLC and targeting critical minerals and mining. Separately, Translational Development Acquisition Corp (TDAC) moved its ProLogium Holding process forward with an F-4 filing and a July 6, 2026 press release.
- SPAC Market Update July 7, 2026: Bleichroeder Acquisition Corp. III Prices $300M IPO, SVAC-General Fusion Vote ClearsJuly 7, 2026Bleichroeder Acquisition Corp. III (BCCQ) priced a $300M SPAC IPO on July 7, 2026, backed by Bleichroeder Sponsor 3 LLC. Separately, Spring Valley Acquisition Corp III (SVAC) won shareholder approval for its merger with General Fusion Inc.
- SPAC Market Update July 2, 2026: VII, MIAC Price $375M of SPAC IPOsJuly 2, 2026Viking Acquisition Corp. II (VII) and Meridian3 Industrials Acquisition Corp (MIAC) priced SPAC IPOs on July 2, 2026, raising $375M combined. Separately, Plum Acquisition Corp IV (PLMK) offered non-redemption agreements tied to a proposed extension to Jan. 16, 2027.
- SPAC Market Update July 1, 2026: OSPR Prices $261M IPO, TACH-OpenPayd F-4 FiledJuly 1, 2026Osprey Acquisition Corp. III (OSPR) priced a $261M SPAC IPO on July 1, 2026, targeting energy infrastructure, utility-scale battery storage and AI-enabled energy optimization. Separately, Titan Acquisition Corp. (TACH) saw OpenPayd file an F-4 for its business combination.
- SPAC Market Update June 30, 2026: CEPT-Securitize Clears After $73M Redemptions, AAC $345M IPOJune 30, 2026Cantor Equity Partners II Inc (CEPT) won approval for its merger with Securitize, Inc. on June 30, 2026 after $73M in redemptions. Separately, Ares Acquisition Corp III (AAC) priced a $345M IPO, bringing June issuance to 19 SPAC IPOs for $3.93B through 30 days.