Upcoming SPACs
Copley Acquisition Corp. (Ticker: COPLU US) is a Cayman Islands-incorporated special purpose acquisition company. Copley Acquisition Corp. plans to list its units on the NYSE on April 30, 2025. The company intends to offer 15.0 million units at $10.00 per unit, aiming to raise $150.0 million (USD). According to filings, each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Copley Acquisition Corp. has an estimated market capitalization of $205.38 million (USD). The SPAC plans to use the IPO proceeds to fund a future business combination, reportedly focusing on identifying companies in the technology or lifestyle sectors, particularly within the Asia Pacific (excluding the PRC) and North American regions.
Berto Acquisition Corp. (Ticker: TACOU US) is a Cayman Islands-incorporated blank check company, commonly known as a special purpose acquisition company (SPAC). Berto Acquisition Corp. listed its units on NASDAQ on April 30, 2025. The company offered 26.1 million units at $10.00 per unit, raising $261.0 million (USD). Each unit reportedly consists of one ordinary share and one-half of one redeemable warrant. The SPAC has an estimated market capitalization of $323.5 million (USD). Berto Acquisition Corp. intends to use the proceeds from the IPO to acquire a company, stating it will particularly examine opportunities in artificial intelligence (AI), wellness, longevity, and aesthetics, targeting businesses with enterprise values between $200 million and $1.5 billion. The SPAC is associated with entrepreneur Harry You.
Lakeshore Acquisition III Corp. (Ticker: LCCCU US) is a Cayman Islands-incorporated blank check company, structured as a special purpose acquisition company (SPAC). Lakeshore Acquisition III Corp. listed its units on NASDAQ on April 30, 2025. The company offered 6.0 million units priced at $10.00 each, raising $60.0 million (USD). According to the offering details, each unit consists of one share of common stock and one right to acquire one-sixth of a share upon the completion of an initial business combination. The SPAC has an estimated market capitalization of $79.92 million (USD). Lakeshore Acquisition III Corp. intends to use the IPO proceeds to fund a future acquisition and states it will seek potential target businesses in North America, South America, Europe, or Asia, without limiting its search to a specific industry.
Past SPACs
Real Asset Acquisition Corp. (Ticker: RAAQU US) is a Cayman Islands incorporated blank check company planning to focus its search for acquisitions on sectors underpinned by real assets, such as metals and mining, real estate, and infrastructure. Real Asset Acquisition Corp. is expected to list on NASDAQ on April 29, 2025, offering 15.0 million units priced at $10.00 each, raising $150.0 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, revised up from one-fourth in an earlier filing. According to its prospectus, the company intends to use the IPO proceeds for a future business combination within its target sectors. The company has a reported market capitalization of $200.0 million. The SPAC is led by Peter Ort and Jeff Tuder, who are concurrently involved with Digital Asset Acquisition Corp. and previously with the Concord Acquisition Corp series. Cohen & Company Capital Markets and Clear Street are joint managers for the offering.
Digital Asset Acquisition Corp. (Ticker: DAAQU US) is a Cayman Islands incorporated blank check company focusing its search for acquisitions on the digital asset and cryptocurrency sectors. Digital Asset Acquisition Corp. is expected to list on NASDAQ on April 29, 2025, offering 15.0 million units priced at $10.00 each, aiming to raise $150.0 million. Each unit consists of one ordinary share and one-half of one redeemable warrant. According to its prospectus, the company intends to use the IPO proceeds for a future business combination within its target sectors. The company has a reported market capitalization of $200.0 million. The management team, including co-chairmen Peter Ort and Jeff Tuder, and sponsor affiliates have prior experience with several SPACs, including the Concord Acquisition Corp series. Cohen & Company Capital Markets and Clear Street are joint managers for the offering.
Inflection Point Acquisition Corp. III (Ticker: IPCXU US) is a Cayman Islands incorporated blank check company focused on searching for North American and European businesses in disruptive growth sectors for an initial business combination. Inflection Point Acquisition Corp. III plans to list on NASDAQ on April 25, 2025. The company offered 22.0 million units priced at $10.00 each, raising $220.0 million. Each unit reportedly consists of one Class A share and one right redeemable for one-tenth of a Class A share upon a business combination. According to its prospectus, Inflection Point Acquisition Corp. III intends to use the IPO proceeds for a future business combination. The company has a market capitalization of approximately $226.78 million. The SPAC is led by Michael Blitzer, founder of Kingstown Capital Management. Cantor acted as the manager for the offering.
Crane Harbor Acquisition Corp. (Ticker: CHACU US) is a Cayman Islands incorporated blank check company seeking a business combination, potentially focusing on opportunities in the technology, real assets, and energy sectors, particularly those involving transformative technologies. Crane Harbor Acquisition Corp. priced its IPO and is expected to list on NASDAQ on April 25, 2025. The company offered 20.0 million units at $10.00 each, raising $200.0 million, an increase from its initial target size. Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A share upon the consummation of an initial business combination. According to its prospectus, the company intends to use the IPO proceeds for such a future transaction. The company has a reported market capitalization of $272.67 million. Cohen & Company Capital Markets and Jones acted as joint managers for the offering.
Texas Ventures Acquisition III Corp. (Ticker: TVACU US) is a Cayman Islands incorporated blank check company focusing its acquisition search on industrial technology targets, particularly companies applying advanced technologies like software, IoT, communications, and energy transition solutions within the industrial sector. Texas Ventures Acquisition III priced its IPO and was expected to list on NASDAQ on April 23, 2025. The company offered 20.0 million units at $10.00 each, raising $200.0 million. The company reportedly aims to find a target with an enterprise value between $400 million and $1 billion. According to its prospectus, the proceeds are intended for a future business combination. The company has a reported market capitalization of $266.67 million. Cohen & Company Capital Markets and Clear Street served as joint managers for the offering.
New Providence Acquisition Corp. III/Cayman (Ticker: NPACU US) is a Cayman Islands incorporated blank check company seeking to acquire and operate a business, primarily focusing on the consumer industry, although targets in other sectors may be considered. New Providence Acquisition Corp. III priced its IPO and was expected to list on NASDAQ on April 24, 2025. The company offered 26.1 million units at $10.00 each, raising $261.0 million. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. According to its prospectus, the company intends to use the IPO proceeds for a future business combination. The company has a reported market capitalization of $269.53 million. The SPAC is led by co-CEOs Alexander Coleman and Gary Smith, who previously led NPA I and NPA II. Cantor acted as the manager for the offering.
Soulpower Acquisition Corporation (Ticker: SOULU US), a Cayman Islands company operating as a blank check company focused on insurance services and retirement savings businesses. Soulpower Acquisition Corp. plans to list on NYSE on April 2, 2025, offering 20 million units at $10.00 per unit, aiming to raise $200 million. The company, with an estimated market capitalization of $241.03 million, is reportedly backed by Cantor Fitzgerald as the underwriter. The IPO proceeds are expected to be used for a business combination.
Siddhi Acquisition Corp. (Ticker: SDHIU US), a Cayman Islands-incorporated blank check company, plans to list on NASDAQ Global Market on April 1, 2025. Siddhi Acquisition priced its IPO of 24.0 million units at $10.00 per unit, raising $240 million. Each unit consists of one Class A ordinary share and one right to acquire one-tenth of a Class A ordinary share. The company's market capitalization at offer is $240 million. Siddhi Acquisition will seek a business combination with high-growth businesses. Santander acted as the sole book-running manager for the offering. The offering is expected to close on April 2, 2025. The use of proceeds is to effect a business combination.
UY Scuti Acquisition Corp. (Ticker: UYSCU US), a Cayman Islands-incorporated blank check company (SPAC), plans to list on NASDAQ on March 28, 2025. UY Scuti is offering 5.0 million units at $10.00 per unit, aiming to raise $50.0 million. Each unit comprises one share of stock and a right to acquire one-fifth of a share upon business combination. This SPAC will target companies in Asia, including the People’s Republic of China, Hong Kong, and Macau. Maxim Group is managing the IPO. As a blank check company, UY Scuti has no revenue or net income prior to identifying a target. The company's market capitalization is $52.28 million.
NewHold Investment Corp. III (Ticker: NHICU US), a Cayman Islands-incorporated blank check company (SPAC), listed on NASDAQ on February 28, 2025. The company offered 17.5 million units at $10.00 each, raising $175.0 million. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. NewHold Investment Corp. III intends to acquire one or more businesses with an enterprise value of $700 million or greater, focusing on industrial technology businesses related to "Industry 4.0" themes like transportation, logistics, manufacturing, grid resiliency, and environmental services. The IPO was managed by BTIG. As is typical for SPACs pre-merger, the company reported no revenue or net income, market capitalization is 182.13 million.
Live Oak Acquisition Corp. V (Ticker: LOKVU US), a Cayman Islands-incorporated blank check company (SPAC), listed on NASDAQ on February 28, 2025. The company offered 20.0 million units at $10.00 each, raising $200.0 million. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. Live Oak Acquisition Corp. V may pursue a business combination in any industry or region, but expects to focus on companies with an enterprise value of $500 million to $2 billion. The IPO was managed by Santander. As a SPAC, the company reported no revenue or net income before its merger.
Fifth Era Acquisition Corp. I (Ticker: FERAU US), a Cayman Islands-incorporated blank check company (SPAC) with U.S. headquarters in California, listed on NASDAQ on February 28, 2025. The company offered 20.0 million units at $10.00 each, raising $200.0 million. Each unit consists of one Class A ordinary share and a right to receive one-tenth of a share upon completion of a business combination. Fifth Era intends to target technology-enabled businesses, including internet, enterprise technology, software (including AI), FinTech, and blockchain. The IPO was managed by Cantor. The company reported no revenue or net income, as is typical for SPACs before a merger, market cap is $272.67 million.
FG Merger II Corp. (Ticker: FGMCU) is a Nevada-incorporated blank check company (SPAC) targeting acquisitions in the financial services industry in North America. The company is led by CEO Larry Swets Jr., founder and managing member of Itasca Financial, and Chairman Kyle Cerminara, co-founder and CEO of Fundamental Global.
FG Merger II Corp. will list on the Nasdaq on January 24, 2025. The IPO consists of 8.0 million units priced at $10.00 each, aiming to raise $80.0 million. Each unit includes one share of common stock and one right to receive one-tenth (1/10th) of a share of common stock upon the consummation of an initial business combination.
The offering is managed by ThinkEquity. The company has no current operations or revenue and was founded in 2023. Proceeds from the IPO will be used to identify and execute a business combination.
Plum Acquisition Corp. IV (Ticker: PLMKU) is a blank check company incorporated in the Cayman Islands. The company intends to focus on businesses with distinct machine learning, artificial intelligence, and other deep technology advantages. Plum Acquisition Corp. IV will list on January 15, 2025, on NASDAQ. The firm is selling 15.0 million shares at the price of $10.00. The expected Market Capitalization at offer is $210.13 million. The total offer size is $150.0 million. The offering is managed by Cohen & Company/Seaport Global.
Ribbon Acquisition Corp. (Ticker: RIBBU) is a blank check company incorporated in Japan. The company's CEO, Angshuman Ghosh, has experience in financial and consulting services. The CFO, Anna Zhou, has experience in the financial services industry. Ribbon Acquisition Corp. will list on January 15, 2025, on NASDAQ. The firm is selling 5.0 million shares at the price of $10.00. The expected Market Capitalization at offer is $70.5 million. The total offer size is $50.0 million. The offering is managed by A.G.P.
Drugs Made in America Acquisition Corp. (Ticker: DMAAU US) is a blank-check company focused on acquisitions in the pharmaceutical industry. The company will list on January 10, 2025 on the NASDAQ Global Market. The firm is offering 20 million units at an expected price of $10.00 per unit, aiming to raise $200 million. Each unit consists of one share and one right.
The total offer size is $200 million, with an expected market capitalization at offer of $406.44 million. The offering is managed by Clear Street LLC. The company has a 15% greenshoe option, which could increase the offer by an additional 3 million units if exercised.
Columbus Acquisition Corp. (Ticker: COLAU) is a Cayman Islands-incorporated blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a business combination. The company has not identified a specific target industry or geographic location but has significant ties to China, as its CEO and CFO are currently based there. The company is subject to legal and operational risks if it consummates a business combination with a target company in China.
Columbus Acquisition Corp. will list on the Nasdaq Capital Market on January 23, 2025. The IPO consists of 6.0 million units priced at $10.00 each, aiming to raise $60.0 million. Each unit includes one Class A common share and one right to one-seventh (1/7th) of a share upon completion of a business combination.
The offering is managed by A.G.P. and The Benchmark Company. The SPAC has no current operations or revenue and was founded in 2024. Proceeds from the IPO will be used to identify and consummate a business combination.
Range Capital Acquisition (Ticker: RANGU) is a blank check company, or SPAC, incorporated in the Cayman Islands. The company plans to target acquisitions or business combinations in the American market with enterprise values of $500 million or more, focusing on sectors that are capital constrained, overlooked, or experiencing structural dislocations. Examples of target sectors include energy, nuclear energy, defense technology, specialty finance, and women's health.
Range Capital Acquisition will list on December 19, 2024, on NASDAQ. The company is offering 10.0 million units at a price of $10.00 each, aiming to raise $100.0 million. Each unit includes one share of ordinary stock and one right to receive one-tenth of a share upon completing its initial business combination. EarlyBirdCapital is managing the offering.
The expected market capitalization at the offering is $225.0 million.
Tavia Acquisition Corp. (Ticker: TAVIU) is a blank check company incorporated in the Cayman Islands. The firm aims to target businesses in North America and Europe focused on energy transition, circular economy initiatives, and innovative agricultural and food technologies.
Tavia Acquisition Corp. will list on NASDAQ on December 3, 2024. The company is offering 10.0 million units at $10.00 per unit to raise $100.0 million. The expected market capitalization at the offering is $135.33 million. The offering is managed by EarlyBirdCapital. Each unit consists of one common share and one-half of a warrant.
FACT II Acquisition Corp. (Ticker: FACTU) is a special-purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company aims to identify and acquire high-potential businesses across various industries and geographies. FACT II Acquisition Corp. is offering 17.5 million units at $10.00 each to raise $175 million. Each unit consists of one Class A ordinary share and one-half of one redeemable public warrant.
The IPO is scheduled to list on NASDAQ on November 26, 2024. The expected market capitalization at the offer is $181.2 million. The offering is managed by Cohen & Company Capital Markets and Seaport Global.
CO2 Energy Transition Corp. (Ticker: NOEMU) is a blank check company incorporated in Delaware. It plans to target acquisitions in the carbon capture, utilization, and storage (CCUS) industry, focusing on energy transition businesses with enterprise values between $150 million and $200 million.
The company will list on November 21, 2024, on NASDAQ. CO2 Energy Transition Corp. is offering 6 million units at $10.00 per unit, aiming to raise $60 million. Each unit consists of one share of common stock, one redeemable warrant, and one right to acquire 1/8 of a share of common stock. The expected market capitalization at offer is $92.3 million. The offering is managed by Kingswood Capital Markets and EF Hutton.
Horizon Space Acquisition II Corp. (Ticker: HSPTU) is a blank check company incorporated in the Cayman Islands. The firm intends to pursue diverse investment opportunities, with a potential focus on China, including Hong Kong and Macau.
Horizon Space Acquisition II Corp. will list on November 15, 2024, on the NASDAQ. The offering includes 6.0 million units priced at $10.00 each, aiming to raise $60.0 million. The expected market capitalization at the offering is $79.1 million. The offering is managed by Maxim Group LLC. Each unit consists of one ordinary share and one-tenth of one right to receive an ordinary share upon completion of a business combination.
Willow Lane Acquisition Corp. (Ticker: WLACU) is a blank-check company incorporated in the Cayman Islands. The company plans to target established middle-market companies, especially those with enterprise values under $1 billion and significant growth potential, though it may consider companies of any size. Willow Lane’s management team has a strong background in acquiring assets, enhancing growth, and improving business outcomes.
The company aims to raise $110 million by offering 11 million units at $10.00 each. Willow Lane Acquisition Corp. is set to list on NASDAQ on November 8, 2024. BTIG, LLC is the lead underwriter, with Craig-Hallum Capital Group LLC as co-manager. The estimated market capitalization at the offer is $150.25 million.
A SPAC III Acquisition Corp. (Ticker: ASPCU) is a blank-check company based in Hong Kong, incorporated in the British Virgin Islands. The SPAC is focused on targeting companies in the environmental, sustainability, governance (ESG), and material technology sectors, seeking acquisitions with a total enterprise value between $100 million and $600 million. Led by Claudius Tsang, who has over 20 years of experience in capital markets, the firm aims to leverage expertise in private equity and M&A within Greater China and emerging markets.
A SPAC III Acquisition Corp. is offering 5.5 million units at $10.00 each, intending to raise $55 million. Each unit consists of one share of common stock and one right to receive one-tenth of an additional share upon completing an initial business combination. The company is expected to begin trading on NASDAQ on November 8, 2024. Maxim Group LLC is the lead underwriter for this offering, with an estimated market capitalization of $74.03 million.
GSR III Acquisition Corp. (Ticker: GSRTU) is a blank-check company targeting high-potential U.S.-based businesses. Founded in 2023, this is the third SPAC launched under the GSR brand. GSR III intends to raise $200 million by offering 20 million units at $10.00 each. Each unit includes one Class A ordinary share and one-seventh of one right to receive an additional Class A share upon the completion of a business combination, alongside three-fourths of one redeemable warrant.
The SPAC is led by co-CEOs Gus Garcia, previously with Bank of America Securities’ SPAC M&A division, and Lewis Silberman, former head of SPAC equity capital markets at Oppenheimer & Co. GSR III will list on NASDAQ on November 7, 2024. SPAC Advisory Partners, a division of Kingswood Capital Partners, is the lead underwriter for this offering. The projected market capitalization at the offer is approximately $262 million.
Aldel Financial II (Ticker: ALDFU) is a blank check company targeting acquisitions in financial services, real estate, and asset-based finance sectors. Incorporated in the Cayman Islands, the firm plans to acquire businesses with a market capitalization between $1 billion and $5 billion.
The company will list on NASDAQ on October 22, 2024. It is offering 20 million units at $10.00 per unit, aiming to raise $200 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The expected market capitalization at the offering is $260 million. The IPO is managed by BTIG.
Future Vision II Acquisition Corp. (Ticker: FVNNU) is a blank check company targeting technology, media, and telecommunications (TMT) companies with operations in the Greater China region. The firm focuses on businesses involved in advanced technologies such as intelligent chips, 5G, and integrated circuitry.
Future Vision II Acquisition Corp., incorporated in the Cayman Islands, will list on NASDAQ on September 12, 2024. The company is offering 5.0 million units at a price of $10.00 per unit, raising $50 million. The expected market capitalization at the offer is $65.38 million. Kingswood Capital Partners is managing the offering.
Andretti Acquisition Corp. II (Ticker: POLEU) is a blank check company incorporated in the Cayman Islands. It is the second SPAC affiliated with retired racecar driver Michael Andretti, with his father Mario Andretti serving as an advisor. The company has not yet selected a target for its initial business combination and may pursue opportunities in any industry. Andretti Acquisition Corp. II will list on September 6, 2024, on NASDAQ.
The firm is offering 20.0 million units at a price of $10.00 per unit. The expected market capitalization at the time of the offer is $256.5 million, with a total offer size of $200 million. The offering is managed by BTIG. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
Vine Hill Capital Investment Corp. (Ticker: VCICU) is a blank check company incorporated in the Cayman Islands. It focuses on acquiring industrial and service businesses, targeting companies with an enterprise value between $500 million and $1 billion. Vine Hill Capital Investment Corp. will list on September 6, 2024, on NASDAQ.
The firm is offering 20.0 million units at a price of $10.00 per unit. The expected market capitalization at the time of the offer is $266.67 million, with a total offer size of $200 million. The offering is managed by Stifel. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement and minimum deal size requirement. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), mainland China stock (A share) and Indian stocks are not included. Informations about the companies may contain errors. Images are for illustrative purposes only. Please refer to the Legal Disclaimer.