Daily SPAC Update – May 6, 2026

SPAC IPO Update

SPAC IPO Count

Monthly IPOs (last 13 months)
Latest: 3•Prior: 16•MoM: -13
22
May ’25
10
Jun ’25
13
Jul ’25
8
Aug ’25
14
Sep ’25
14
Oct ’25
10
Nov ’25
22
Dec ’25
24
Jan ’26
27Peak
Feb ’26
11
Mar ’26
16
Apr ’26
3
May ’26
Source: Boardroom Alpha
IPO Activity Snapshot1 SPAC IPO today raising $100M · VECA ($100M)
Month-to-date: 3 IPOs ($600M) · 12-mo avg: 15.9/mo
SPAC IPO: VERNAL CAPITAL ACQUISITION CORP. (VECA)
Ticker: VECA (Units: VECAU) · Size: $100M · Sponsor: Vernal One

Vernal Capital Acquisition Corp. priced its $100M IPO with trust funding of 100.5% and trades on NASDAQ under VECA. The company has not disclosed a specific target sector but emphasizes leveraging its management’s technology and capital markets expertise to identify acquisition opportunities.

Leadership:

  • Du Jun (CEO, Director): Founder of Vernal Ltd, focused on AI and blockchain, and co-founder of Chainup Technic Limited.
  • George Lam (Director): Non-executive director at multiple public companies with a history in corporate governance and strategy consulting.
  • Qiang Fu (Director): Academic director at NUS Business School with a focus on economics and organizational economics.
  • Wang Pei (Director): Partner at Baiont Quant and former executive director at Morgan Stanley in Asia real estate investment banking.
  • Yi Binghan (CFO): Former head of portfolio management at Munich Re, focusing on financial reporting and actuarial science.
  • Saloon Tham (Director)

Structure: 10M units at $10.00. Each unit = one ordinary share + 1/4 warrant. Underwriters have a 45-day option to purchase up to 1.5M additional units.

New SPAC IPOs
Date Ticker Issuer IPO Size
May 06 VECA Vernal Capital Acquisition Corp. $100M
May 01 MTNE CH4 NATURAL SOLUTIONS CORP $300M
May 01 QLEP QUANTUM LEAP ACQUISITION CORP $200M
Apr 30 ARBC ARC GROUP ACQUISITION I CORP $105M  $16M overallotment
Apr 30 FTHA FOREFRONT TECH HOLDINGS ACQUISITION CORP $100M
Apr 30 GCGR GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP $350M
Apr 30 MCAH MOUNTAIN CREST ACQUISITION 6 CORP $60M
Apr 30 RREV RRE VENTURES ACQUISITION CORP $250M
Apr 30 WENC WEST ENCLAVE MERGER CORP $100M
Apr 29 CAII COLLECTIVE ACQUISITION CORP II $220M
Apr 28 CXII CHURCHILL CAPITAL CORP XII $360M  $54M overallotment
Apr 28 IACQ IRENIC ACQUISITION CORP $220M
Apr 28 PLUN PLUTONIAN ACQUISITION CORP II $100M
Source: Boardroom Alpha

Daily SPAC Update

SPAC DEALS ANNOUNCED
May 05 | Drugs Made In America Acquisition Corp (DMAA) + Power Analytics Global Corp

ABOUT Power Analytics Global Corp
The company specializes in artificial intelligence, machine learning, and quantum-resistant data solutions, holding proprietary technologies like Quantum Safe “Power Pulse”.

EXTENSION VOTES
GP-ACT III ACQUISITION CORP (GPAT) * vote May 6, 2026 -> extend from May 13, 2026 to November 13, 2026

SPAC DEAL TERMINATIONS (Last 10 Days)
2026-05-03: FSHP + Great Future Technology Inc
2026-04-30: ESHA + The Original Fit Factory, Ltd.

SEPARATE WARRANTS/RIGHTS
May 07: QUASAREDGE ACQUISITION CORP (QRED)
May 05: PONO CAPITAL FOUR INC (PONO)

OTHER SPAC NEWS
DRUGS MADE IN AMERICA ACQUISITION CORP (DMAA) * Merger Agreement
INTERNATIONAL MEDIA ACQUISITION CORP (IMAQ) * Merger Agreement Amendment
FUTURE VISION II ACQUISITION CORP (FVN) * Listing Rule NoticeNasdaq notified Future Vision II Acquisition of public-holders deficiency; plans to regain compliance by June 22, 2026.
PYROPHYTE ACQUISITION CORP (PHYTF) * Redemption Update * 100,100 redeemed * trust $12.93Shareholders approved a one-year extension to complete a business combination; ~$1.29M redeemed from trust; sponsor to deposit $100k monthly.

SPAC LIQUIDATIONS
ESH ACQUISITION CORP (ESHA) -> Liquidation on Apr 30

SPAC Executive & Director Moves

SPAC Executive & Director Moves
Company Ticker Moves
CANTOR EQUITY PARTNERS VI INC CEPS
  • Eric Stone has been appointed as a Class I director and member of the audit and compensation committees of Cantor Equity Partners VI, Inc., effective April 30, 2026.  (view source)
CH4 NATURAL SOLUTIONS CORP MTNE.U
  • On April 30, 2026, Nate Zwald, Lauren Singer, Jean Rogers, Jeffrey Tepper, and Ben Veres were appointed to the Board of Directors of the Company.  (view source)
QUANTUM LEAP ACQUISITION CORP QLEP.U
  • On May 4, 2026, Richard Jhang, Joel Leonoff, and David Novak were appointed to the board of directors of the Company and its Audit and Compensation Committees, with Mr. Jhang serving as chair for both committees.  (view source)
Source: SEC EDGAR filings via Boardroom Alpha

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
Company Ticker Change Price Stage
SIM ACQUISITION CORP I SIMA 4.2% $ 11.25 Pre-Deal
AIMEI HEALTH TECHNOLOGY CO LTD AFJK 3.4% $ 44.99 Announced
CANTOR EQUITY PARTNERS II INC CEPT 3.2% $ 12.40 Announced
D BORAL ARC ACQUISITION I CORP BCAR 2.1% $ 10.45 Announced
RISING DRAGON ACQUISITION CORP RDAC 1.6% $ 8.14 Announced
YESTERDAY’S TOP SPAC LOSERS
Company Ticker Change Price Stage
GIGCAPITAL7 CORP GIG -22.3% $ 8.32 Announced
GENERAL PURPOSE ACQUISITION CORP GPAC -11.8% $ 11.56 Pre-Deal
STONEBRIDGE ACQUISITION II CORP APAC -7.3% $ 10.27 Pre-Deal
APARADISE ACQUISITION CORP APAD -3.7% $ 10.74 Announced
ASPAC III ACQUISITION CORP ASPC -0.9% $ 11.45 Announced
Source: Boardroom Alpha market data

Recent Analysis

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