Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 115 25,722
SPAC announced acquisition 161 31,052
SPACs completed acquisition 659 159,578
SPACs liquidated 415 111,741
Total 1,350 328,094
SPAC IPO pipeline 53 5,712

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2023 29 67 43% 3,645 24,035 15%
2022 86 118 73% 13,431 22,881 59%
2021 613 968 63% 162,503 334,650 49%
2020 248 450 55% 83,386 179,389 46%
2019 59 213 28% 13,600 72,200 19%
2018 46 225 20% 10,750 63,890 17%
2017 34 189 18% 10,048 50,268 20%
2016 13 111 12% 3,499 25,779 14%
2015 20 173 12% 3,902 39,232 10%
2014 12 258 5% 1,750 93,040 2%
2013 10 220 5% 1,447 70,777 2%
2012 9 147 6% 490 50,131 1%
2011 16 144 11% 1,110 43,240 3%
2010 7 166 4% 503 50,583 1%
2009 1 70 1% 36 21,676 0%
2008 17 47 36% 3,842 30,092 13%
2007 66 299 22% 12,094 87,204 14%
2006 37 214 17% 3,384 55,754 6%
2005 28 252 11% 2,113 61,893 3%
2004 12 268 4% 485 72,865 1%
2003 1 127 1% 24 49,954 0%
Total 1,364 332,043
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
AFJKU Aimei Health 10.16 1.6%
CLBR/U Colombier II 10.06 0.6%
GLACU Global Lights 10.25 2.5%
ANSCU Agriculture & Natural Solutions 10.14 1.4%
QETAU Quetta 10.23 2.3%
SPKLU Spark I 10.16 1.6%
NNAGU 99 10.29 2.9%
HYAC/U Haymaker 4 10.34 3.4%
KVACU Keen Vision 10.33 3.3%
NETDU Nabors II 10.35 3.5%
BOWNU Bowen 10.42 4.2%
BUJAU Bukit Jalil 10.46 4.6%
ESHAU ESH 10.22 2.2%
IPXXU Inflection Point II 10.35 3.5%
ALCYU Alchemy 10.39 3.9%
GODNU Golden Star / Gamehaus 10.58 5.8%
AACT/U Ares II 10.45 4.5%
TBMCU Trailblazer 10.18 1.8%
TMTCU TMT / eLong Power 10.70 7.0%
OAKUU Oak Woods / Huajin 10.70 7.0%
FORLU Four Leaf 10.56 5.6%
SBXC/U SilverBox III 10.30 3.0%
DISTU Distoken 10.34 3.4%
MARXU Mars / ScanTech 10.78 7.8%
BLACU Bellevue Life / OSR Holdings 10.64 6.4%
PTHRU Pono Three / Horizon Aircraft 10.61 6.1%
CETUU Cetus / MKD Technology 10.73 7.3%
ISRLU Israel / LOI Pomvom 10.78 7.8%

Top Performing SPACs

Symbol Name Price Unit Return
PRIM Primoris 32.13 641%
IRDM Iridium 40.60 637%
TGLS Tecnoglass 39.55 611%
VRT Vertiv 47.35 493%
MLTX MoonLake Immunotherapeutics 58.00 480%
WSC Williams Scotsman 40.02 443%
IMVT Immunovant 39.10 429%
CERE Cerevel Therapeutics 41.20 411%
SYM Symbotic 50.80 408%
SMPL Simply Good Foods 39.09 383%
TWNK Hostess Brands 33.32 342%
DKNG DraftKings 35.91 340%
IMXI Intermex Wire Transfer 21.32 162%
BLBD Blue Bird 21.21 161%
VRRM Verra Mobility 21.19 144%
MGY Magnolia Oil & Gas 20.93 141%
DWAC Digital World / Trump Media 17.29 102%
ROIC Retail Opportunity Investments (ROI) 13.42 93%
MP MP Materials 16.74 85%
ASLE AerSale 14.60 77%
BWMX Betterware 14.10 67%
KW Kennedy-Wilson 11.85 62%
HPK HighPeak Energy 14.24 56%
BIOX Bioceres 12.40 45%
UTZ Utz Brands 13.53 42%
IONQ IonQ 13.65 42%
GDYN Grid Dynamics 13.20 40%
OWL Blue Owl Capital 13.26 38%
ZGN Ermenegildo Zegna 11.87 20%
ENVX Enovix 11.79 19%