Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 39 this week
A running index of SPAC mergers and de-SPAC announcements covered in the Special Situations Digest: recent SPAC business combination announcements, definitive merger agreements, and pre-deal SPAC activity across global markets, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 5 countries. Earlier coverage includes 306+ additional situations from prior issues.
SPAC activity remains a recurring vein of special-situations opportunity, particularly around shareholder vote dates, redemption windows, and PIPE pricing dynamics. The pre-merger phase offers a defined floor (the trust value, typically $10/share) and a clear option on the target's performance. Post-announcement, the spread between SPAC price and pro-forma target valuation can compress or widen sharply depending on redemption mechanics.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
United States 89 situations
Freedom Metals Acquisition Corp. (FDMM) completed its IPO and funded a $275,000,000 trust account on July 9, 2026.
Melar Acquisition Corp. I (MACI) is pursuing a business combination with Everli to establish a public entity.
Churchill Capital Corp XI (CCXI) is progressing toward a business combination with Agility Robotics, Inc., developer of the Digit humanoid robot.
Space-Eyes and McKinley entered into a definitive business combination agreement.
Bleichroeder Acquisition Corp. II will host an extraordinary general meeting on August 25, 2026 to vote on its business combination with Pasqal Holding SAS.
Starry Sea Acquisition Corp (SSEA) entered into a definitive merger agreement with SuperiorMed Holdings Limited on August 22, 2026, to take the Dubai-based healthcare management platform public.
Underwriters partially exercised over-allotment on July 31, 2026, selling 395,500 additional Units and adding $3,955,000 to trust.
NorthStrive Acquisition Corp I. priced its IPO of 10,000,000 units at $10.00 per unit for $100,000,000 gross proceeds.
Hennessy Capital Investment Corp. VII (HVII) is pursuing a business combination with ONE Nuclear Energy.
Plum IV entered into a Business Combination Agreement with Controlled Thermal Resources Holdings Inc. Assumes CTR raises a $25M Convert and $100M PIPE at $10.00 per share, with 0% redemption from ~$40M Plum IV cash in…
RF Acquisition Corp II (RFAI) shareholders approved a business combination with Nanyang Biologics Pte.
Spark I Acquisition Corp is calling an extraordinary general meeting on September 25, 2026 to extend its business combination deadline from September 29, 2026 to March 29, 2027.
Up to 643,500 of those Founder Shares remain subject to forfeiture based on the underwriters' over-allotment option.
Columbus Acquisition Corp (COLA) will hold a shareholder vote, to approve a $250 million stock-for-stock business combination with WISeSat.Space Corp. The exchange ratio is one Pubco Ordinary Share for one COLA Ordinary…
Columbus Circle Capital Corp II (CMII) entered into a Business Combination Agreement to merge with Elroy Air in a stock-for-stock transaction.
Research Alliance Corporation IV is a blank check company incorporated April 1, 2026 as a Cayman Islands exempted company.
Silicon Valley Acquisition Corp. (SVAQ) is moving toward a de-SPAC closing with quantum technology company EigenQ, Inc. following the confidential submission of a draft Form S-4 registration statement to the SEC on…
Hall Chadwick Acquisition Corp. (HCAC) is merging with REEcycle Holdings, Inc. to create a rare earth elements recycling business.
Inflection Point Acquisition Corp. VI (IPFX) has signed a Business Combination Agreement to acquire Quantum Space for $600 million.
The F-1/A registers resale of up to 4,298,339 PIPE ADSs, 3,905,981 private placement warrants, and 4,306,845 RAAQ resale shares.
Aeon Acquisition I Corp. is a Cayman Islands blank check company formed August 1, 2025 to effect a business combination.
Columbus Circle Capital Corp III is a Cayman Islands exempted company and a SPAC.
Launch Two Acquisition Corp. (LPBB) secured an $848,000 working capital promissory note from its sponsor on August 17, 2026, to fund its initial business combination efforts.
Wisekey International Holding AG (WKEY) subsidiary SEALSQ Corp. will invest $10 million in the business combination of Columbus Acquisition Corp. and WISeSat.Space Corp. (d/b/a SpaceAIQ).
Newbury Street II Acquisition Corp (NTWO) entered a definitive agreement to combine with FORT Robotics at a $556.6 million pro forma enterprise value.
Karman Line Acquisition Corp. (XTERU) priced its IPO at $10.00 per unit to raise $200 million in gross proceeds.
Future Vision II Acquisition Corp. extended its business combination deadline from August 13, 2026 to September 13, 2026.
The extraordinary general meeting is scheduled for September 16, 2026 at 10:00 a.m.
Copley Acquisition Corp (COPL) entered a business combination agreement to merge with Ignite in a stock transaction with an implied value of $150.0 million.
Constellation Acquisition Corp I (CSTA) is pursuing a de-SPAC business combination with HiTech Minerals, Inc. and Jindalee.
Eureka Acquisition Corp (EURK) is advancing its business combination with Marine Thinking, valuing the target at US$130.0 million plus Pre-IPO Investment proceeds capped at $6.5 million.
Calisa Acquisition Corp (ALIS) is merging with Goodvision AI Inc. in a business combination valued at $180 million.
FutureTech II Acquisition Corp. (FTII) extended its business combination deadline to May 18, 2027, reducing near-term liquidation risk.
Nth Cycle, Inc. was selected by the DOE to enter award negotiations for up to $100M under the Battery Materials Processing and Battery Manufacturing & Recycling grant program, providing non-dilutive funding support for…
Crown PropTech Acquisitions (CPTKW) entered a definitive agreement to merge with Mkango Rare Earths to form a Nasdaq-listed company.
Cal Redwood Acquisition Corp. (CRAQ) disclosed substantial doubt about its ability to continue as a going concern if it fails to complete a business combination by May 27, 2027.
Libity IVCAF (US) · $12.00 · MCAP $77.9M
Libity (IVCAF) entered into a business combination agreement with Blue Finance Technology Holding Limited on April 8, 2026, to merge the companies.
WinVest Acquisition Corp. (WINV) is seeking to extend its SPAC termination and trust account liquidation dates to allow more time to close its merger with Embed Financial Group Cayman Holdings.
Flag Ship Acquisition Corp entered into a letter of intent with Bluechip & Co. Holdings, a Cayman Islands exempt company, to negotiate a business combination.
Spark I Acquisition Corporation (SPKL) entered into a merger agreement with ZincFive, Inc. on June 11, 2026, to effect a business combination.
Silicon Valley Acquisition Corp. entered into a Business Combination Agreement with EigenQ dated June 17, 2026.
Chain Bridge I (CBGGF) faces a November 15, 2026, deadline to complete a business combination or liquidate.
Oceanhawk Acquisition Corp. is a Cayman Islands-incorporated blank-check company listed on Nasdaq under OHAC.
TGE Value Creative Solutions Corp (BEBE) remains without a business combination target according to its quarterly report for the period ended June 30, 2026.
Burtech Acquisition Corp II is a blank check company incorporated in the Cayman Islands on August 20, 2025.
IPO closed May 20, 2026, with 15,700,000 Class A ordinary shares subject to possible redemption at $10.09 per share as of June 30, 2026.
TDAC entered into a Business Combination Agreement with Prologium Holding Inc. on May 27, 2026.
Kensington Capital Acquisition Corp. VI (KCA-UN) incorporated two Delaware merger subsidiaries on July 17, 2026, in preparation for its business combination.
Valuence Merger Corp. I (VMCAF) extended its business combination deadline to March 3, 2027, while settling outstanding debt with CPC I, CPC I Parallel, and CPC Sponsor Opportunities I.
IB Acquisition Corp. (IBAC) faces potential liquidation as trust assets declined to approximately $8.2 million as of June 30, 2026, following redemption rounds in September 2025 and March 2026.
Tribeca Strategic Acquisition Corp. (BID) began allowing holders of units to separately trade Class A ordinary shares and rights on July 20, 2026.
New Providence Acquisition Corp. III is a SPAC with 30,015,000 Class A shares subject to possible redemption at approximately $10.51 per share as of June 30, 2026.
GP-Act III Acquisition Corp. (GPAT) issued a going concern warning due to a November 13, 2026 mandatory liquidation date.
byNordic Acquisition Corporation (BYNO) extended its SPAC deadline through September 12, 2026, as it continues to seek a business combination.
YHN has a pending Business Combination Agreement with Mingde Technology Limited with aggregate consideration of $326 million plus up to $70 million in earnout shares.
Berto Acquisition Corp. (TACO) raised substantial doubt about its ability to continue as a going concern in its Q2 2026 earnings report.
Plum IV amended its Business Combination Agreement with Controlled Thermal Resources Holdings Inc., reducing implied valuation from $4.5 billion to $3.15 billion.
Churchill Capital Corp XI entered into a Merger Agreement with Agility Robotics, Inc. on June 24, 2026.
Wintergreen Acquisition Corp. (WTG) entered into a merger agreement to acquire KIKA Technology Inc. in a stock transaction valuing the target at $80,000,000.
Titan Acquisition Corp (TACH) entered into a business combination agreement, to merge with OpenPayd Holdings Limited at a $800 million valuation.
McKinley Acquisition Corporation is a SPAC with 17,250,000 Class A ordinary shares subject to redemption at $10.33 per share as of June 30, 2026.
As of June 30, 2026, the trust account held $115,032,370, including $32,370 of interest income on marketable securities.
D. Boral Acquisition I Corp. (DBCA) is in the searching phase for a business combination with a hard deadline of August 6, 2027.
Trust account held $173,497,419 as of June 30, 2026.
Texas Ventures Acquisition III Corp is a blank check company incorporated as a Cayman Islands exempted company on July 26, 2024.
JATT II Acquisition Corp. (JATT) entered into a Business Combination Agreement with Talawar on June 29, 2026.
Athena Technology Acquisition Corp. II (ATEK) is pursuing a business combination with Ace Green Recycling supported by a PIPE investment.
Axiom Intelligence Acquisition Corp 1 (AXIN) entered into a Business Combination Agreement with Terra Quantum to merge with the company.
Each monthly extension requires a deposit of $75,000 into the trust account in exchange for a non-interest bearing, unsecured promissory note.
Armada Acquisition Corp. II (XRPN) is pursuing a business combination with Evernorth Holdings Inc., Pathfinder Digital Assets LLC, and Ripple Labs Inc. to build an institutional XRP treasury and execute DeFi yield…
Kochav Defense Acquisition Corp. (KCHV) disclosed substantial doubt about its ability to continue as a going concern due to limited liquidity and mandatory liquidation provisions.
Melar remains a pre-revenue SPAC pursuing a Business Combination with Everli Global Inc. at a $180 million pre-money equity value.
NMP Acquisition Corp. reported Q2 2026 net income of $768,616, its first profitable quarter, driven by trust account interest income.
Concord is past the merger agreement's Outside Date and negotiating an amendment with Events.com, with no assurance an extension or closing will occur.
Business Combination Agreement dated October 13, 2025, as amended December 22, 2025 and July 13, 2026, among SPAC, GOWell Technology Limited, PubCo, and Merger Sub.
Viking Acquisition Corp. I (VACI) is pursuing a business combination with a deal value of $300 million.
Lake Superior Acquisition Corp has a business combination agreement to acquire Openmarkets Group Pty Ltd (OMG).
CO2 Energy Transition Corp. (NOEM) extended its combination period through August 22, 2026, via monthly sponsor extension payments.
As of June 30, 2026, the trust account held $86,266,605 in money market funds invested in U.S. government securities.
RMG ML Sports Holdings (SHOT) is a pre-combination SPAC with approximately $10.02 per public share in trust as of June 30, 2026.
Long Table Growth Corp. is a blank-check company incorporated in the Cayman Islands with principal executive offices in Dallas, Texas.
As of June 30, 2026, $6,245,404 (approximately $12.16 per share) was held in the Trust Account.
Underwriters exercised the over-allotment option in full, resulting in an additional 3,750,000 units sold.
Blue Water Acquisition Corp. III (BLUW) issued a going-concern warning in its August 12, 2026 quarterly report as it continues its search for a business combination.
BCA Amendment reduces aggregate base consideration to Air Water ordinary shareholders from $300,000,000 to $200,000,000.
Forefront Tech Holdings Acquisition Corp is a blank check company incorporated as a Cayman Islands exempted corporation on November 3, 2025.
Hennessy Capital Investment Corp. VIII (HCIC) remains in its search phase with no business combination target named.
Management states substantial doubt exists about the company's ability to continue as a going concern.
Cartesian Growth Corporation IV is a blank check company incorporated in the Cayman Islands on February 20, 2026.
Other markets 8 situations
Each unit has an offering price of $10.00 and consists of one Class A ordinary share, one right to receive one-quarter of one Class A ordinary share upon business combination, and one redeemable warrant.
TBCP V, LLC (the sponsor) and Gary A. Simanson filed a Schedule 13D.
Piermont Valley Acquisition Corp is pursuing a stock-based business combination with Tigerless Health Inc. that remains subject to shareholder, SEC, financing, and listing conditions.
Graf Global Corp. (TONT) saw its trust account drop to approximately $91.4 million after shareholders redeemed 14,590,367 Class A ordinary shares at approximately $10.86 per share.
Pinnacle Acquisition Corp (PNAQ) completed its IPO to establish a $200,000,000 trust for a future business combination.
At the July 2026 Meeting, shareholders holding 12,455,589 Class A ordinary shares redeemed at approximately $10.88 per share, leaving approximately $177,286,938 in the Trust Account.
Graf Global Corp. (TONT) is pursuing a business combination with BIG3 HoldCo LLC, a 3-on-3 basketball league, following a Business Combination Agreement dated June 12, 2026.
BOA Acquisition Corp. II completed an IPO and a private placement to fund a future business combination.
Canada 1 situation
Wangton Capital Corp. (WT.H) intends to acquire 100% of Always Connect AI in a qualifying transaction based on a pre-money valuation of US$7,500,000.
Germany 1 situation
Integrated Wellness Acquisition Corp (WELN.F) is seeking shareholder approval to extend its business combination deadline from September 16, 2026, to as late as March 16, 2027.
Australia 1 situation
Jindalee Lithium filed an amended Form S-4 with the SEC, responding to initial SEC comments received in late July 2026.
Get the full Special Situations Digest weekly
500 to 700 situations across 25+ markets every Sunday. Excel/PDF/JSON exports and the Situations Database. 14-day free trial.
Start 14-day free trial →