The SPAC market in February 2026

February 2026 produced 26 IPOs, 3 deals announced, 2 wound up across the U.S. blank-check market. Everything below comes from the filings themselves, and every vehicle named links to its own record.

New vehicles

26 SPACs priced an IPO in February 2026, putting $5.5B into trust between them.

• M Evo Global Acquisition Corp II (MEVO), $304.3M
• Iris Acquisition Corp II (IRAB), $170.9M
• Colombier Acquisition Corp. III (CLBR), $302.2M
• Cantor Equity Partners VI, Inc. (CEPS)
• Hennessy Capital Investment Corp. VIII (HCIC), $244.7M
• Cambridge Acquisition Corp. (CAQ), $233.2M
• SPACSphere Acquisition Corp. (SSAC), $174.9M
• Spring Valley Acquisition Corp. IV (SVIV), $233.1M
• Idea Acquisition Corp. (IACO), $354.7M
• Spartacus Acquisition Corp. II (TMTS), $232.8M
• D. Boral Acquisition I Corp. (DBCA), $291.5M
• HCM IV Acquisition Corp. (HACQ), $291.2M

Deals announced

3 vehicles signed a definitive business-combination agreement. An announcement starts the clock on a proxy, a shareholder vote and a redemption window, and a signed agreement is not a closed one.

• DT Cloud Star Acquisition Corp (DTSQ)
• Real Asset Acquisition Corp., $178.6M
• Roman DBDR Acquisition Corp. II (DRDB), $245.5M

Approved by shareholders

5 combinations went to a vote and passed. At that point the redemption window has run and what remains in trust is what the deal has to work with.

• Inspirato Inc, $176.0M
• Inception Growth Acquisition Ltd, $2.2M
• Horizon Space Acquisition II Corp., $39.4M
• Trailblazer Merger Corp I (TBMC), $4.0M
• Presidio MidCo Inc., $367.0M

Wound up

2 vehicles ran out of time and returned $518.7M to shareholders. Liquidation is the ordinary outcome for a SPAC that never finds a target, not a failure of the structure.

• Nabors Energy Transition Corp. II, $154.2M
• AA Mission Acquisition Corp., $364.5M