Twelve Seas Investment Co III (Ticker: TWLVU US) is a United States-based blank check company (SPAC) formed for the purpose of effecting a merger, asset acquisition, or similar business combination. Led by CEO Dimitri Elkin, the company intends to focus its search on global companies outside the United States, particularly established profitable enterprises in sectors such as oil and gas. The strategy also includes considering U.S. targets owned by non-U.S. shareholders, such as sovereign wealth funds and family offices.

The company is scheduled to begin trading on the NASDAQ Global Market on 12 December 2025. The IPO was priced on 11 December 2025, offering 15,000,000 units at US$10.00 per unit, raising gross proceeds of US$150 million. Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the consummation of an initial business combination. Cohen & Company Capital Markets serves as the sole book-running manager for the offering.

ITHAX Acquisition Corp. III (Ticker: ITHAU US) is a Cayman Islands-incorporated blank check company (SPAC) established to effect a merger, asset acquisition, or similar business combination. Backed by Ithaca Capital Partners and led by CEO Orestes Fintiklis, the company intends to search for a target business with an enterprise value exceeding US$500 million. Its investment focus includes sectors such as asset management, leisure, hospitality, catering, travel, entertainment, gaming, and lifestyle services, specifically targeting companies driven by artificial intelligence and digital assets across the United States, Latin America, and Europe.

The company is scheduled to begin trading on the NASDAQ on 12 December 2025. It priced its IPO on 11 December 2025, offering 20 million units at US$10.00 per unit, raising US$200 million. This pricing implies a market capitalization of approximately US$266.7 million. Each unit consists of one share of stock and one-half of one warrant. Reportedly, the proceeds are intended to fund the search for and completion of a business combination. Cantor serves as the sole book-running manager for the offering.

Bluerock Acquisition Corp. (Ticker: BLRKU US) is a United States-based blank check company (SPAC) formed to effect a merger, asset acquisition, share purchase, or similar business combination. While the company has not limited its search to a specific industry, it intends to pursue an initial business combination with one or more businesses across any sector.

The company began trading on the NASDAQ Global Market on 11 December 2025. The IPO was priced on 10 December 2025, offering 15,000,000 units at US$10.00 per unit, raising gross proceeds of US$150 million. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at US$11.50 per share. Once the securities separate, the Class A ordinary shares and warrants are expected to trade under the tickers BLRK and BLRKW, respectively.

Cantor Fitzgerald & Co. served as the sole book-running manager, with Brookline Capital Markets and Clear Street LLC acting as co-managers. The underwriters have been granted a 45-day option to purchase up to an additional 2,250,000 units to cover over-allotments. The offering is expected to close on 12 December 2025.

Meshflow Acquisition Corp. (Ticker: MESHU US) is a United States-based blank check company focusing on the infrastructure layer of the blockchain and digital asset ecosystem. The company plans to list on the Nasdaq Global Market on December 10, 2025, offering 30 million units at $10.00 per unit, raising an offer size of $300 million USD. At the time of the offer, the company reportedly holds a market capitalization of $300 million USD.

According to listing documents, Meshflow Acquisition Corp. plans to use the IPO proceeds to effect a merger, amalgamation, share exchange, asset acquisition, or similar business combination. The company reportedly targets businesses operating in crypto infrastructure platforms, decentralized coordination tools, Web3 middleware, and asset tokenization rails. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering, with Odeon Capital Group LLC acting as co-manager. The underwriters have reportedly been granted a 45-day option to purchase up to an additional 4.5 million units to cover over-allotments.

Daedalus Special Acquisition Corp. (Ticker: DSACU US) is a UK-based blank check company (SPAC) seeking a merger target. It listed on the NASDAQ Global Market on 9 December 2025. The company raised US$250 million by offering 25 million units at US$10.00 each. Each unit includes one Class A ordinary share and one-fourth of a warrant exercisable at US$11.50. BTIG LLC served as the sole book-running manager.

Daedalus Special Acquisition Corp. (Ticker: DSACU US) is a Cayman Islands-incorporated blank check company (SPAC) headquartered in London. Led by Co-CEOs Husnu Babayigit and Orkun Kilic, the firm targets sectors including consumer AI, FinTech, and mobile games, with a primary strategy to build a diversified portfolio of profitable AI-powered consumer apps. The company lists on the Nasdaq on December 9, 2025.

The company priced its upsized offering of 22.5 million units at USD 10.00 per unit, raising USD 225 million. Each unit consists of one Class A ordinary share and one-fourth of a redeemable warrant. At the offer price, the company has an estimated market capitalization of USD 298 million. Managed by BTIG, LLC, the company will use the IPO proceeds to fund a future merger or business combination.

Mayflower Acquisition Ltd (Ticker: MAY LN) is a British Virgin Islands-incorporated blank check company (SPAC) established to effect a merger or business acquisition. Founded by Noam Gottesman, Jeremy Isaacs, and Roger Nagioff, the company intends to leverage management's expertise to identify target businesses, specifically looking to capitalize on current dislocations in public and private capital markets.

Mayflower listed on the London Stock Exchange on December 5, 2025. The company offered 50 million ordinary shares at a price of $10.00 per share, raising $500 million (USD). At this pricing, the company holds a market capitalization of $500 million (USD). The IPO proceeds will be used to fund the search for and acquisition of a target company, with any surplus funds allocated for future transactions. Jefferies & Co. acted as the manager for the offering.

Leapfrog Acquisition Corp. (Ticker: LFACU US) is a Cayman Islands-incorporated blank check company established to effect a merger or business combination. The company focuses on targets within the international energy supply chain and critical minerals sectors, specifically seeking assets essential to the energy transition and defense industries that possess significant geographic or regulatory barriers.

Leapfrog plans to list on the NASDAQ on December 5, 2025. The company intends to offer 12.5 million units at $10.00 per unit, raising $125 million (USD). At this pricing, the company anticipates a market capitalization of $171.02 million (USD). Reportedly, each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The company plans to use the IPO proceeds to fund the search for and completion of a business combination, capitalizing on secular demand trends for strategic materials. BTIG is acting as the lead manager for the offering.

Activate Energy Acquisition Corp. (Ticker: AEAQU US) is a Cayman Islands-incorporated blank check company primarily focusing on target businesses within the oil and gas industry. The company plans to list on the NASDAQ exchange on December 4, 2025, planning to offer 20 million units at a price of $10.00 per unit. This transaction aims to raise $200 million in gross proceeds, with a total offer amount reportedly reaching up to $230 million if over-allotment options are fully exercised.

Activate Energy plans to use the proceeds to effect a merger, share exchange, asset acquisition, or similar business combination. The company is led by CEO Thomas Fontaine and CFO David Wood, who reportedly aim to leverage their collective experience in corporate finance and the energy sector to identify a suitable target. BTIG is acting as the manager for the offering.

SilverBox Corp. V (Ticker: SBXEU US) is a Cayman Islands-incorporated blank check company structured to effect a business combination. Representing the fifth investment vehicle led by SilverBox Capital’s management team, the company plans to list on the New York Stock Exchange on December 3, 2025. The company is offering 24 million units at $10.00 per unit, raising $240 million in gross proceeds. This offering was reportedly upsized at pricing from an original plan of 20 million units. Financial data provided indicates a market capitalization of approximately $291.95 million.

The company reportedly intends to focus its search on targets with an enterprise value exceeding $750 million across a broad range of sectors, including consumer, fintech, media, software, and energy transition. Santander US Capital Markets is acting as the sole book-running manager, with the underwriters reportedly granted a 45-day option to purchase up to 3.6 million additional units to cover over-allotments.

General Purpose Acquisition Corp. (Ticker: GPACU US) is a Cayman Islands-incorporated blank check company specializing in the maritime and digital infrastructure sectors. The company intends to focus its search for a business combination on targets involved in marine technology, logistics, vessel technical management, and data centers. General Purpose Acquisition Corp. plans to list on the Nasdaq Global Market on December 3, 2025, offering 20 million units at a price of $10.00 per unit. This offering raises $200 million in gross proceeds.

General Purpose Acquisition Corp. reportedly plans to use the IPO proceeds to effect a merger, share exchange, asset acquisition, or similar business combination with one or more entities. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The company is led by Chairman and CEO Peter Georgiopoulos. Jefferies is acting as the sole book-running manager for the offering, with underwriters reportedly granted a 45-day option to purchase up to an additional 3 million units to cover over-allotments.

Bitcoin Infrastructure Acquisition Corp. Ltd. (Ticker: BIXIU US) is a Cayman Islands-incorporated blank check company (SPAC) organized to pursue a merger or similar business combination within the digital asset industry. The company intends to focus its search on sectors aligned with the digitization of financial infrastructure, including Web3 technologies, blockchain-driven business models, and core infrastructure such as wallets, custody protocols, and tokenized financial instruments. Management reportedly seeks to identify businesses building real-world applications of distributed ledger technologies, including payments and cross-border finance. Bitcoin Infrastructure Acquisition is expected to list on the NASDAQ on December 2, 2025.

According to offering documents, the company priced its IPO on December 1, 2025, offering 20 million units at $10.00 per unit to raise $200 million. At this pricing, the company reportedly commands a market capitalization of $273.67 million. Each unit consists of one share of stock and one-half of one redeemable warrant. The company is led by CEO Ryan Gentry, formerly of Lightning Labs, and the offering was managed by Cohen & Company Capital Markets.

Tailwind 2.0 Acquisition Corp. (TDWDU US) is a Cayman Islands-domiciled SPAC, seeking to effect a merger or business combination with energy and compute infrastructure firms. The company, founded in 2025 and headquartered in Greenwich, Connecticut, aims to target businesses addressing inefficiencies in energy routing, compute optimization, and grid intelligence, leveraging its management's expertise in energy systems, digital infrastructure, and AI.

Chairman Philip Krim co-founded Montauk Capital and Montauk Ventures, previously leading Casper Sleep Inc. from startup to a $497 million revenue business and public listing in 2020, while also chairing Tailwind Two Acquisition Corp. through a $1.58 billion merger. CEO Sharo M. Atmeh co-founded Montauk Capital and managed event-driven, climate-tech, and ESG investments at Alyeska Investment Group from 2018 to 2024.

Tailwind 2.0 plans to list on Nasdaq on November 7, 2025, offering 15 million units at $10.00 each to raise $150 million (USD). Each unit comprises one Class A ordinary share and one right to receive one-tenth of one share upon completing an initial business combination. The offering is led by Cohen & Company Capital Markets, with proceeds to be held in trust for the business combination.

Crown Reserve Acquisition Corp. I (CRACU US) is a Cayman Islands-domiciled blank check company, also known as a SPAC, focused on acquiring or merging with targets in the pharmaceutical, medical technology, medical equipment, and healthcare IT industries. Founded in 2025, it is led by Chairman and CEO Prashant Patel, a registered pharmacist with experience in pharmacies, pharmaceutical reverse distribution, and SPAC advising, alongside CFO Eric Sherb, an accountant managing EMS Consulting Services.

The company plans to list on Nasdaq on November 7, 2025, offering 15 million units at $10.00 each to raise $150 million (USD). Each unit includes one Class A ordinary share, one-half of one redeemable warrant (exercisable at $11.50 per share), and one right to receive one-fifth of one Class A ordinary share upon a business combination. An underwriter option allows for up to 2.25 million additional units. The offering is managed by Polaris Advisory Partners, a Kingswood division, with Thunder Rock Capital as an advisor. Proceeds will be deposited into a trust account at $10.00 per unit for the initial business combination. Post-separation, shares, warrants, and rights will trade as CRAC, CRACW, and CRACR, respectively, with closing expected November 10, 2025, subject to conditions.

Viking Acquisition Corp. I (Ticker: VACI.U US) is a Cayman Islands–incorporated blank check company seeking a merger target in any industry. Viking Acquisition plans to list on the NYSE on Oct. 31, 2025, after pricing its SPAC IPO at 20.0 million units at $10.00 each to raise $200.0 million. Each unit consists of one Class A ordinary share and one-third of one warrant. As of Oct. 31, 2025, the company’s market cap was $272.67 million. The offering is led by Cohen & Company Capital Markets. On Sept. 15, 2025, the company switched its intended listing venue to the NYSE from NASDAQ. Viking Acquisition is associated with KingsRock, where two members of its management team, N. Håkan Wohlin and Louis “Lou” Jaffe, serve as managing partners.

LaFayette Acquisition Corp. (Ticker: LAFAU US) is a France-domiciled special purpose acquisition company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. LaFayette plans to list on the Nasdaq Global Market on Oct. 24, 2025, offering 10,000,000 units at USD 10.00 each to raise USD 100.0 million. Each unit comprises one ordinary share and one right to receive one-tenth of an ordinary share upon completion of an initial business combination. EarlyBirdCapital, Inc. is the book-running manager; IB Capital is co-manager.

Miluna Acquisition Corp. (Ticker: MMTXU US) is a Taipei-headquartered, Cayman Islands–incorporated blank check company seeking an acquisition target outside the PRC. Miluna plans to list on NASDAQ on Oct. 23, 2025, offering 6.0 million units at $10.00, raising $60.0 million. Each unit comprises one ordinary share and one-half of a redeemable warrant. Bookrunners are D. Boral Capital (ex-EF Hutton) and ARC Group Securities.

Harvard Ave Acquisition Corp (Ticker: HAVAU US) is a Cayman Islands–incorporated special purpose acquisition company (SPAC). The company plans to list on the NASDAQ Global Market on October 23, 2025, offering 18.0 million units at $10.00 per unit, aiming to raise $180 million. An additional 2.7 million units are available under the 15% greenshoe option. Each unit consists of one Class A share and one right to receive one-tenth of a share upon the completion of a business combination. The IPO is managed by D Boral Capital LLC.

Harvard Ave Acquisition Corp has not selected a sector or geographic region of interest. The company is led by CEO Sung Hyuk Lee and CFO Hoon Ji Choi, both based in Seoul with backgrounds in private equity, investment management, and cross-border M&A.

Calisa Acquisition Corp. (Ticker: ALISU US) is a Cayman Islands–incorporated blank check company focusing on acquiring a business in Asia, excluding targets using China VIE structures. Calisa plans to list on NASDAQ on Oct. 22, 2025, offering 6.0 million units at $10.00, raising $60.0 million. Each unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon completion of an initial business combination. The SPAC’s market capitalization at pricing is $78.5 million. EarlyBirdCapital is the underwriter. Calisa’s leadership includes Chairwoman Na Gai, an executive at Shenzhen Guoxing Capital, and CEO Hongfei Zhang, managing partner at Knightsbridge Investment Group and co-founder of HEY Capital.

GigCapital8 Acquisition Co. (Ticker: GIWWU US) is a Cayman Islands–incorporated special-purpose acquisition company (SPAC) formed to target businesses in aerospace and defense, cybersecurity, secured communications, quantum-based command and control systems, and artificial intelligence. The company is expected to list on NASDAQ on October 3, 2025. GigCapital8 will offer 22 million units at $10.00 each, raising $220 million. The IPO is managed by D. Boral Capital (formerly EF Hutton).

AA Mission Acquisition Corp II (Ticker: YCY/U US) is a Cayman Islands–domiciled special purpose acquisition company (SPAC). The company plans to list on the New York Stock Exchange on October 2, 2025, offering 10.0 million units at $10.00 per unit, aiming to raise $100 million. A 15% greenshoe option for an additional 1.5 million units is also available. Each unit will consist of one share and one warrant. The IPO is managed by Clear Street LLC.

AA Mission Acquisition Corp II was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination. The SPAC has not yet selected or engaged with a specific target and may pursue opportunities across any industry or region.

Rice Acquisition Corp 3 (Ticker: KRSP/U US) is a United States-based special purpose acquisition company (SPAC) sponsored by Rice Investment Group and Mercuria. The company plans to list on the New York Stock Exchange on October 1, 2025, offering 30.0 million units at $10.00 per unit, targeting proceeds of $300 million. An additional 3.75 million units are available under the 12.5% greenshoe option. Rice Acquisition Corp 3 intends to focus on potential acquisitions in upstream oil and gas, power generation, energy infrastructure, and critical metals and minerals. Barclays Capital Inc. and Jefferies LLC are acting as joint bookrunning managers of the offering.

BTC Development Corp. (Ticker: BDCIU US) is a Cayman Islands–incorporated blank check company (SPAC) targeting businesses in the bitcoin ecosystem and companies seeking to integrate bitcoin into capital structures and operations. BTC Development plans to list on the NASDAQ Global Market on Sept. 30, 2025, offering 22.0 million units at $10.00 to raise $220.0 million. The deal includes a 3.3 million-unit over-allotment option, bringing potential gross proceeds to $253.0 million. Cohen & Co Capital Markets (left lead) and Keefe Bruyette & Woods are managers. Security: units. The company reports two employees as of Aug. 19, 2025, and is led by CEO Bracebridge H. Young, Jr. The SPAC was previously named Cohen Circle Acquisition Corp. II and Emerald Acquisition Corp. II before adopting its current name on Dec. 16, 2024.

StoneBridge Acquisition II Corp. (Ticker: APACU US) is a Cayman Islands-incorporated blank check company focusing on targets in e-commerce, FinTech, SaaS, renewable energy, mining and IT-enabled services across APAC and EMEA. StoneBridge Acquisition II plans to list on NASDAQ on Sept. 30, 2025, offering 5.0 million units at $10.00, raising $50.0 million. The IPO is underwritten by Maxim Group. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon completion of an initial business combination. The company priced the IPO on Sept. 29, 2025, in line with the prospectus, and filed its S-1 on May 5, 2025. Reported market cap is $70.17 million.

FutureCrest Acquisition Corp. (Ticker: FCRSU US) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) formed in June 2025 to pursue mergers or business combinations across industries, with a focus on sectors such as AI, digital assets, fintech, infrastructure, robotics, and communications. The company plans to list on the New York Stock Exchange on September 26, 2025, offering 25.0 million units at $10.00 each to raise $250 million, with an additional 3.75 million units available through the greenshoe option. Each unit consists of one Class A ordinary share and one-quarter of a warrant. The offering is led by Cantor Fitzgerald and is expected to result in 31.25 million shares outstanding post-IPO. FutureCrest is led by CEO Thomas J. Lee, Managing Partner at Fundstrat Global Advisors, who brings extensive experience in investment strategy and capital markets. Proceeds will be used to fund the company’s initial business combination search.

American Exceptionalism Acquisition Corp. A (Ticker: AEXA US) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) led by Chamath Palihapitiya, founder of Social Capital. The company plans to list on the New York Stock Exchange on September 26, 2025, offering 25.0 million Class A shares at $10.00 each to raise $250 million, with a 3.75 million share greenshoe option available. The IPO is managed by Santander US Capital Markets. American Exceptionalism Acquisition intends to pursue companies critical to sustaining U.S. global leadership, with a focus on energy production, artificial intelligence, decentralized finance, and defense technology. The company emphasizes sectors where its leadership team has direct investment experience, including prior involvement in clean energy, AI hardware, blockchain finance, and unmanned defense systems. Proceeds from the IPO will be used to identify and complete a business combination, with 25.18 million shares outstanding post-offering.

Drugs Made in America Acquisition Corp. II (Ticker: DMIIU US) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) formed to target acquisitions in the pharmaceutical sector. The company is set to list on NASDAQ on September 25, 2025, offering 50.0 million units at $10.00 each to raise $500 million. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share upon completion of a business combination. Drugs Made in America Acquisition Corp. II does not have operating revenues, as it is a blank check company established in 2024. The offering is led by Cantor, and the proceeds will be used to fund the company’s search for and merger with a pharmaceutical business target.

Emmis Acquisition Corp. (Ticker: EMISU US) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) formed to pursue business combinations with companies in North America and Southeast Asia, with a focus on manufacturing, distribution, and service-oriented businesses. The company is set to list on NASDAQ on September 25, 2025, following the pricing of its IPO at 10.0 million units at $10.00 each, raising $100 million. Each unit includes one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon completion of a business combination. Emmis Acquisition Corp. is led by Chairman and CEO Peter Goldstein, a veteran in capital markets and IPO execution, alongside CFO David Lowenstein, an experienced executive in M&A and corporate governance. The IPO is managed by I-Bankers Securities, Inc. and IB Capital LLC, with proceeds designated to fund the company’s search and merger with a target business.