Upcoming SPACs
Past SPACs
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.
OTG Acquisition Corp. I (Ticker: OTGAU US) is a Cayman Islands–incorporated blank check company formed in 2025 to pursue acquisitions in digital infrastructure services, including data centers, communication technology, and related ecosystems. The company plans to list on the NASDAQ Global Market on September 12, 2025, offering 20 million units at $10.00 each, raising $200 million, with a potential overallotment of 3 million units that could bring proceeds up to $230 million. The IPO implies a market capitalization of approximately $207 million. Each unit consists of one share of common stock and one-half of a warrant. OTG Acquisition Corp. I intends to use IPO proceeds to fund a future business combination. The SPAC is led by CEO Scott Troeller, co-founder and managing partner of Expedition Infrastructure Partners. Underwriters for the deal are B. Riley Securities, Northland Capital Markets, and Lake Street Securities.
Trailblazer Acquisition Corp (Ticker: BLZRU US) is a U.S.-based special purpose acquisition company (SPAC) formed in Delaware to pursue mergers or business combinations, primarily in the technology sector. The company listed units on the NASDAQ Global Market on Sept. 10, 2025, following pricing on Sept. 9 at USD 10.00 per unit. The IPO offered 24.0 million units, each consisting of one Class A share and one-third of a warrant, raising USD 240 million. A 15% greenshoe option (3.6 million units) is available. Cantor Fitzgerald & Co. acted as sole bookrunner. Trailblazer’s management and board bring over 25 years of investment experience, with more than USD 1.5 billion deployed across 1,000+ financings, and plan to leverage their expertise and network to identify attractive acquisition targets in innovative technology markets.
Cantor Equity Partners IV, Inc. (Ticker: CEPF US) is a Cayman Islands-incorporated special purpose acquisition company (SPAC) sponsored by Cantor. The company intends to pursue a business combination in industries where its management and affiliates have expertise, including financial services, digital assets, healthcare, real estate services, technology, and software. Cantor Equity Partners IV plans to list on NASDAQ on August 21, 2025, offering 40 million shares at $10.00 each to raise $400 million. The IPO gives the company a market capitalization of approximately $409 million. Unlike most SPACs, which issue units comprising shares and warrants or rights, this offering is stock-only. According to sources, proceeds from the IPO will be placed in trust and used to identify and complete a potential merger or acquisition. Cantor is the sole bookrunner on the deal.
Starry Sea Acquisition Corp. (Ticker: SSEAU US) is a Cayman Islands-incorporated blank check company formed for the purpose of a business combination. As a special purpose acquisition company (SPAC), it has not yet selected an industry or region for a potential target. Starry Sea Acquisition Corp. plans to list on the NASDAQ on August 8, 2025, offering 5 million units at $10.00 each to raise $50 million. The company has a reported market capitalization of $66.57 million. According to its prospectus, the proceeds from the offering will be used to fund a future business combination. Each unit sold in the IPO consists of one share of common stock and one right to receive one-sixth of a share upon the consummation of an initial merger.
Quantumsphere Acquisition (Ticker: QUMSU US) is a Cayman Islands-domiciled blank check company. Quantumsphere Acquisition plans to list on the NASDAQ exchange on August 7, 2025. The company is planning to offer 6 million units at a price of $10.00 per unit, raising a total of $60.0 million. The company has a reported market capitalization of $83.15 million. As a special purpose acquisition company (SPAC), Quantumsphere Acquisition reportedly plans to use the IPO proceeds to fund a future business combination with an unidentified target. The company's management team will leverage its experience to identify and execute an acquisition opportunity. Each unit offered consists of one ordinary share and one right to receive one-seventh of a share upon the completion of the initial business combination.
Pyrophyte Acquisition Corp. II (Ticker: PAII/U US) is a Cayman Islands-domiciled company operating as a Special Purpose Acquisition Company (SPAC). Pyrophyte II plans to list on the New York Stock Exchange on July 17, 2025, offering 17.5 million units at $10.00 per unit to raise $175 million. The IPO gives the company a market capitalization of $175 million. Pyrophyte Acquisition Corp. II plans to use the IPO proceeds to effect a merger, share exchange, or similar business combination. According to company filings, its search will focus on the energy sector, specifically targeting companies that provide critical minerals, materials, equipment, or technologies supporting the energy ecosystem from traditional to renewable solutions. This is the second SPAC launched by the Pyrophyte management team.
Silver Pegasus Acquisition Corp. (Ticker: SPEGU US) is a United States-domiciled special purpose acquisition company (SPAC). The company was formed for the purpose of effecting a business combination and intends to concentrate its search on businesses within the semiconductor industry. Silver Pegasus Acquisition plans to list on the Nasdaq on July 15, 2025. The company is offering 10,000,000 units at a price of $10.00 per unit, raising $100 million, with a market capitalization at offer of $100 million. Reportedly, proceeds will be used to fund a future acquisition. Each unit consists of one Class A ordinary share and one right. Roth Capital Partners is the sole underwriter for the offering.
Globa Terra Acquisition Corp (GTERU US) is a Mexico-domiciled special purpose acquisition company. The company, which operates as a blank check company, plans to list on the NASDAQ Global Market on July 9, 2025. It is planning to offer 15.22 million units at a price of $10.00 per unit, to raise approximately $152.17 million. Globa Terra Acquisition Corp plans to use the IPO proceeds to effect a merger, asset acquisition, or other similar business combination. The company has not yet identified a specific target. According to its filing, the management team has prior experience with other SPACs, including Digital World Acquisition Corp. and Bite Acquisition Corp. The offering is managed by D Boral Capital LLC.
Vendome Acquisition I (VNMEU US) is a Cayman Islands blank check company. It intends to acquire one or more businesses with an aggregate enterprise value between $500 million and $1 billion, focusing on the consumer sector in North America, Southeast Asia, and Europe. Vendome Acquisition I plans to list on NASDAQ on July 2, 2025, offering 20.0 million units at $10.00 each, raising $200.0 million (USD $200.0 million). The reported market capitalization is $187.5 million.
Indigo Acquisition Corp. (INACU US) is a Cayman Islands-domiciled blank check company. The company plans to target businesses with strong fundamentals and significant upside potential for a future merger or acquisition. Indigo Acquisition Corp. plans to list on the NASDAQ on July 1, 2025, offering 10.0 million units at a price of $10.00 per unit, raising $100.0 million. The company has a reported market capitalization of $128.5 million. According to its filings, the company is a Special Purpose Acquisition Company (SPAC) and the proceeds from the IPO are intended to be used for a future business combination. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Cohen Circle Acquisition Corp. II (CCIIU US) is a Cayman Islands-domiciled blank check company created to target businesses in the financial technology (FinTech) sector. Cohen Circle Acquisition Corp. II plans to list on the Nasdaq Global Market on July 1, 2025, offering 22.0 million units at $10.00 per unit to raise $220.0 million. The company has a reported market capitalization of $312.0 million. According to its prospectus, the company is a Special Purpose Acquisition Company (SPAC) and intends to use the net proceeds from the IPO to effect a merger, share exchange, or similar business combination. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant.
Yorkville Acquisition Corp. (Ticker: YORKU US) is a Cayman Islands-domiciled company structured as a special-purpose acquisition company (SPAC). The company intends to focus its search for a target business in the telecommunications, media, and technology (TMT) sector. Yorkville Acquisition Corp. plans to list on the NASDAQ on June 27, 2025, planning to offer 15.0 million units at a price of $10.00 each, raising $150.0 million. The company has a post-pricing market capitalization of approximately $205.25 million. According to its filings, the company is a blank check company, and the proceeds from the IPO are intended to be used to fund a future merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
FIGX Capital Acquisition Corp. (FIGXU US) is a Cayman Islands blank check company focusing on identifying businesses in the financial industry, with an emphasis on private wealth/asset managers looking to become multi-asset fund managers. FIGX Capital Acquisition Corp. plans to list on NASDAQ on June 27, 2025, offering 13.1 million units at $10.00 each, raising $131.0 million (USD $131.0 million). The company's reported market capitalization is $169.29 million. As a SPAC, proceeds are reportedly placed into a trust account for a future business combination, which typically involves a merger or acquisition.
Wintergreen Acquisition Corp. (Ticker: WTGUU US) is a Cayman Islands blank check company intending to target the Technology, Media, and Telecommunications industry in Asia, including China. It will reportedly search for companies involved in intelligent chips, 5G, integrated circuitry, and other emerging technologies. Wintergreen Acquisition Corp. plans to list on NASDAQ on 5/29/2025, offering 5.0 million units at $10.00 each, raising $50.0 million. The company reportedly plans to use the IPO proceeds for an initial business combination. Each unit consists of one share of common stock and one right to receive one-eighth of a share upon the consummation of an initial business combination. According to sources, its market capitalization is $65.45 million.
Kochav Defense Acquisition Corp. (Ticker: KOXXU US) is a Cayman Islands company, a newly organized blank check company focusing on acquiring a business in the defense and aerospace industries. Kochav Defense Acquisition Corp. plans to list on NASDAQ on 5/28/2025, offering 22.0 million units at $10.00 each, raising $220.0 million. The company reportedly plans to use the IPO proceeds for an initial business combination in its target sectors. Each unit consists of one Class A ordinary share and one right to receive one-seventh of a Class A ordinary share upon the consummation of an initial business combination. According to sources, the company has a market capitalization of $224.8 million. The IPO was priced on May 27, 2025.
ChampionsGate Acquisition (Ticker: CHPGU US) is a Cayman Islands company, a newly organized blank check company or special-purpose acquisition company (SPAC) that has not selected a sector or geographic region of interest. ChampionsGate Acquisition plans to list on NASDAQ on 5/28/2025, planning to offer 6.5 million units at $10.00 each, raising $65.0 million. ChampionsGate Acquisition reportedly plans to use the IPO proceeds for a future business combination. Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share. According to the provided information, the company has a market capitalization of $87.0 million. The IPO was priced on May 27, 2025.
Pelican Acquisition Corp. (Ticker: PELIU US) is a Cayman Islands company that is a special purpose acquisition company (SPAC) intending to primarily focus on target businesses within the technology industry globally. Pelican Acquisition Corp. plans to list on NASDAQ on 5/23/2025, planning to offer 7.5 million units at $10.00 each, raising $75.0 million. The company has a market capitalization of $105.06 million. Pelican Acquisition Corp. reportedly plans to use the IPO proceeds for a future business combination, as each unit consists of one share of common stock and one right to receive one-tenth of a share upon consummation of the initial business combination. The company intends to actively look for suitable investment opportunities with an enterprise value of approximately $180 million to $1 billion.
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.