SPACs were one of the hottest trends on Wall Street just a few years ago. While the hype has cooled, a new wave of deals is bringing emerging growth companies public in areas such as quantum computing, AI infrastructure, digital assets, and healthcare.
In the latest episode of Ticker Take on YouTube, I spoke with Julian Klymochko, CEO and chief investment officer of Accelerate Financial Technologies, about five under-the-radar SPACs he is watching.
As a quick refresher, a SPAC—or special purpose acquisition company—is a publicly traded shell created to merge with a private business and take it public. Companies often use SPACs to access capital and go public faster than through a traditional IPO. These SPACs have announced mergers but have not yet closed, which means the underlying companies are still early-stage and under-followed by investors and analysts.
Past SPACs have a mixed track record. Some, like DraftKings and Oklo, delivered strong gains, but many others underperformed, highlighting both the potential upside and the risks of this route to the public markets.
Ultimately, Klymochko believes SPACs can offer a way to gain early exposure to innovative private companies tied to major long-term trends. Here’s a closer look at the five he highlighted.
Crane Harbor Acquisition Corp. (CHAC): Xanadu Quantum Technologies
Crane Harbor Acquisition plans to merge with Xanadu, a Canadian quantum computing company focused on photonic systems that use light instead of traditional electronics. Xanadu has already reached major technical milestones, and Klymochko believes quantum computing could eventually transform industries ranging from pharmaceuticals to finance.
Churchill Capital X (NASDAQ: CCCX): Infleqtion
Churchill Capital X is merging with Infleqtion, a quantum technology company. Infleqtion is partnering with NASA to send a quantum gravity sensor into space, designed to track subtle changes in Earth’s water, ice, and land. Klymochko sees it as an underfollowed quantum company with applications in both computing and real-world sensing.
Cantor Equity Partners II (CEPT): Securitize
Cantor Equity Partners II plans to merge with Securitize, a company focused on tokenizing real-world financial assets. Its platform allows institutions to represent traditional assets digitally, which can improve efficiency and access. Klymochko believes tokenization could play a growing role in the future of financial markets.
Willow Lane Acquisition (NASDAQ: WLAC): Boost Run
Willow Lane is merging with Boost Run, which provides cloud-based AI computing platforms for companies handling complex or regulated workloads. As businesses increasingly adopt AI, demand for secure, scalable computing is rising. Klymochko sees Boost Run as a way to access that growing infrastructure trend before it becomes widely followed.
Perceptive Capital Solutions Corp. (PCSC): Freenome
Perceptive Capital Solutions plans to merge with Freenome, a healthcare company developing blood tests for early cancer detection. Earlier detection can improve outcomes and reduce healthcare costs. Klymochko believes innovations like this could play an important role in the future of medicine.
The Ticker Take
SPACs can be volatile, but they can also provide access to early-stage growth companies before they become widely followed. Klymochko’s five picks highlight emerging opportunities across quantum computing, AI infrastructure, digital assets, and healthcare. In his view, these SPACs could be worth watching, especially for investors focused on long-term trends.
Jon Erlichman is a BNN Bloomberg contributor and the host of Ticker Take on YouTube.
