The SPAC market in March 2026

March 2026 produced 9 IPOs, 4 deals announced, 1 closed, 4 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

9 SPACs priced an IPO in March 2026, putting $1.4B into trust between them.

• GalaxyEdge Acquisition Corp (GLED), $116.3M
• SUMA Acquisition Corp (SUMA), $174.4M
• Metals Acquisition Corp. II (MTAL), $232.4M
• Pono Capital Four, Inc. (PONO), $121.2M
• BHAV Acquisition Corp (BHAV), $101.0M
• Blue Water Acquisition Corp. IV (BWIV), $131.2M
• Future Money Acquisition Corp (FMAC), $112.9M
• QDRO Acquisition Corp. (QADR), $201.8M
• Inflection Point Acquisition Corp. VI (IPFX), $254.8M

Deals announced

4 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.

• Bleichroeder Acquisition Corp. II (BBCQ), $292.3M
• PANTAGES CAPITAL ACQUISITION Corp (PGAC), $29.3M
• Lake Superior Acquisition Corp (LKSP), $118.1M
• New Providence Acquisition Corp. III/Cayman (NPAC), $315.5M

Approved by shareholders

3 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.

• dMY Squared Technology Group, Inc., $27.3M
• XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC., $226.1M
• Relativity Acquisition Corp (ACQC), $712.8K

Closed

1 de-SPAC completed in March 2026. The shell is gone and the target trades in its place.

• dMY Squared Technology Group, Inc., $27.3M

Wound up

4 vehicles ran out of time and returned $681.7M to shareholders. Liquidation is the ordinary outcome for a SPAC that never finds a target, not a failure of the structure.

• Presidio MidCo Inc., $367.0M
• Pelican Acquisition Corp, $88.6M
• XANADU QUANTUM TECHNOLOGIES FORMER SPAC INC., $226.1M
• Orielle Acquisition Corp.