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The SPAC market in May 2026

22 IPOs, 8 deals announced, 2 wound up in the U.S. SPAC market in May 2026, with trust sizes, targets and outcomes, compiled from SEC filings.

Published Jun 1, 2026 · Updated Sep 7, 2026 · SPACListing research desk

May 2026 produced 22 IPOs, 8 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

22 SPACs priced an IPO in May 2026, putting $2.8B into trust between them.

  • Forefront Tech Holdings Acquisition Corp (FTHA), $100.9M
  • RRE Ventures Acquisition Corp. (RREV), $251.4M
  • Quantum Leap Acquisition Corp (QLEP), $233.3M
  • CH4 Natural Solutions Corp (MTNE), $221.2M
  • Shreya Acquisition Group (SAGU), $819.5K
  • Vernal Capital Acquisition Corp. (VECA), $100.5M
  • Starlink AI Acquisition Corp (OTAI)
  • Breeze Acquisition Corp. II (BREZ)
  • GSR V Acquisition Corp. (GSRV), $231.0M
  • Energy Transition Special Opportunities (ETSS), $151.4M
  • Iron Dome Acquisition I Corp. (IDAC), $158.4M
  • Berto Acquisition Corp. II (GUAC), $316.4M

Deals announced

8 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.

  • GalaxyEdge Acquisition Corp (GLED), $116.3M
  • Blueport Acquisition Ltd (BPAC), $58.8M
  • Drugs Made In America Acquisition Corp. (DMAA), $146.8M
  • GP-Act III Acquisition Corp. (GPAT), $303.0M
  • Quartzsea Acquisition Corp (QSEA), $86.7M
  • Axiom Intelligence Acquisition Corp 1 (AXIN), $207.9M
  • NewHold Investment Corp. III (NHIC), $212.9M
  • Translational Development Acquisition Corp. (TDAC), $157.3M

Approved by shareholders

1 combination 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.

  • Willow Lane Acquisition Corp., $133.8M

Wound up

2 vehicles ran out of time and returned $133.8M to shareholders. Liquidation is the ordinary outcome for a SPAC that never finds a target, not a failure of the structure.

  • Willow Lane Acquisition Corp., $133.8M
  • Cantor Equity Partners III, Inc.

Deadlines that fell in the month

1 vehicle reached a combination deadline in May 2026. Each had to close, win an extension from shareholders, or return the money.

  • CO2 Energy Transition Corp. (NOEM), $72.7M

Compiled automatically from SEC filings on the day after the month ended. Figures are as filed; where a disclosure could not be reconciled it is left out rather than estimated.

Written from public SEC filings and market practice. Not investment, legal or tax advice, and no substitute for the document in front of you.