Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 146 | 34,461 |
| SPAC announced acquisition | 183 | 37,418 |
| SPACs completed acquisition | 634 | 154,539 |
| SPACs liquidated | 388 | 103,181 |
| Total | 1,351 | 329,599 |
| SPAC IPO pipeline | 50 | 5,232 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2023 | 22 | 46 | 48% | 2,837 | 13,496 | 21% |
| 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 | 1,357 | 331,235 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| NNAGU | 99 | 10.35 | 3.5% |
| HYAC/U | Haymaker 4 | 10.37 | 3.7% |
| KVACU | Keen Vision | 10.25 | 2.5% |
| NETDU | Nabors II | 10.26 | 2.6% |
| BOWNU | Bowen | 10.32 | 3.2% |
| BUJAU | Bukit Jalil | 10.39 | 3.9% |
| ESHAU | ESH | 10.22 | 2.2% |
| IPXXU | Inflection Point II | 10.62 | 6.2% |
| ALCYU | Alchemy | 10.41 | 4.1% |
| GODNU | Golden Star / Gamehaus | 11.25 | 12.5% |
| AACT/U | Ares II | 10.50 | 5.0% |
| TBMCU | Trailblazer | 10.18 | 1.8% |
| TMTCU | TMT | 10.97 | 9.7% |
| OAKUU | Oak Woods / Huajin | 10.63 | 6.3% |
| FORLU | Four Leaf | 10.50 | 5.0% |
| SBXC/U | SilverBox III | 10.29 | 2.9% |
| DISTU | Distoken | 10.34 | 3.4% |
| MARXU | Mars / ScanTech | 10.65 | 6.5% |
| BLACU | Bellevue Life / LOI OSR Holdings | 10.66 | 6.6% |
| PTHRU | Pono Three / Horizon Aircraft | 10.64 | 6.4% |
| CETUU | Cetus / MKD Technology | 10.75 | 7.5% |
| ISRLU | Israel | 10.67 | 6.7% |
| ATMCU | AlphaTime | 10.72 | 7.2% |
| HSPOU | Horizon Space | 10.74 | 7.4% |
| ATMVU | AlphaVest / Wanshun Technology | 10.72 | 7.2% |
| PLTNU | Plutonian | 10.90 | 9.0% |
| HUDAU | Hudson / LOI Biotech | 11.00 | 10.0% |
| TENKU | TenX Keane | 11.16 | 11.6% |
| SVIIU | Spring Valley II | 10.92 | 9.2% |
| AQUNU | Aquaron / Bestpath IoT | 10.74 | 7.4% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IRDM | Iridium | 48.90 | 803% |
| PRIM | Primoris | 32.80 | 657% |
| TGLS | Tecnoglass | 33.42 | 488% |
| WSC | Williams Scotsman | 41.72 | 468% |
| MLTX | MoonLake Immunotherapeutics | 51.04 | 410% |
| VRT | Vertiv | 36.45 | 348% |
| TWNK | Hostess Brands | 33.51 | 345% |
| SMPL | Simply Good Foods | 34.55 | 322% |
| DKNG | DraftKings | 27.77 | 232% |
| MGY | Magnolia Oil & Gas | 22.02 | 155% |
| BLBD | Blue Bird | 19.45 | 134% |
| CERE | Cerevel Therapeutics | 20.26 | 132% |
| KW | Kennedy-Wilson | 15.13 | 128% |
| BWMX | Betterware | 17.12 | 127% |
| MP | MP Materials | 19.81 | 126% |
| VRRM | Verra Mobility | 18.75 | 112% |
| IMXI | Intermex Wire Transfer | 17.24 | 101% |
| HPK | HighPeak Energy | 16.86 | 95% |
| ASLE | AerSale | 15.25 | 90% |
| DWAC | Digital World / Trump Media | 16.21 | 86% |
| ROIC | Retail Opportunity Investments (ROI) | 12.58 | 77% |
| TH | Target Hospitality | 14.44 | 54% |
| UTZ | Utz Brands | 13.73 | 45% |
| ZGN | Ermenegildo Zegna | 13.72 | 45% |
| OWL | Blue Owl Capital | 12.64 | 30% |
| ALTG | Alta Equipment | 12.35 | 28% |
| INSE | Inspired Entertainment | 11.39 | 25% |
| PSFE | Paysafe | 12.01 | 22% |
| ENVX | Enovix | 11.87 | 21% |
| BIOX | Bioceres | 11.13 | 19% |