Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 569 150,994
SPAC announced acquisition 116 22,716
SPACs completed acquisition 530 133,085
SPACs liquidated 101 18,422
Total 1,316 325,217
SPAC IPO pipeline 176 34,275

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2022 72 92 78% 12,231 17,691 69%
2021 613 968 63% 162,504 334,651 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 1,321 327,199
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
SKGRU SK Growth 10.00 0.0%
FLFVU Feutune 10.04 0.4%
ACACU Acri 10.00 0.0%
PNACU Prime Number 10.07 0.7%
MCACU Monterey 10.01 0.1%
GBBKU Global Blockchain 10.00 0.0%
IVCAU Investcorp India 10.18 1.8%
RENEU Cartesian II 10.05 0.5%
AIMAU Aimfinity 9.96 -0.4%
YOTAU Yotta 9.92 -0.8%
AFARU Aura FAT Projects 9.97 -0.3%
DECAU Denali 10.06 0.6%
MSSAU Metal Sky Star 10.02 0.2%
RFACU RF 9.93 -0.7%
GDSTU Goldenstone / Roxe 10.17 1.7%
NUBIU Nubia Brand 10.15 1.5%
PLAOU Patria 10.09 0.9%
LBBBU Lakeshore II 10.05 0.5%
KCAC/U Kensington IV / Amprius 10.02 0.2%
SHUAU SHUAA Partners 10.03 0.3%
SPCMU Sound Point 10.14 1.5%
PWUPU PowerUp 10.11 1.1%
BYNOU byNordic 10.07 0.7%
TGR/U Kimbell Tiger 10.20 2.0%
HMA/U Heartland Media 10.04 0.4%
WNNR/U Andretti 10.06 0.6%
GHIXU Gores IX 9.97 -0.3%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 45.25 730%
WSC Williams Scotsman 41.47 465%
PRIM Primoris 22.46 399%
MP MP Materials 39.63 390%
CERE Cerevel Therapeutics 34.73 325%
TGLS Tecnoglass 25.02 320%
SMPL Simply Good Foods 33.58 309%
DWAC Digital World / Trump Media 30.75 304%
IMXI Intermex Wire Transfer 25.68 228%
KW Kennedy-Wilson 19.68 219%
AHCO AdaptHealth 25.97 208%
ROIC Retail Opportunity Investments (ROI) 17.34 172%
HPK HighPeak Energy 21.66 167%
MGY Magnolia Oil & Gas 22.07 156%
ASLE AerSale 17.95 144%
GDYN Grid Dynamics 19.51 135%
DKNG DraftKings 18.70 111%
LAZY Lazydays 16.29 110%
LFG Archaea Energy 17.71 108%
UTZ Utz Brands 18.28 105%
LCID Lucid 19.01 105%
CHPT ChargePoint 16.31 79%
SMR NuScale Power 15.03 68%
STEM Stem 15.22 65%
CLVT Clarivate 14.70 63%
SKIN Beauty Health 14.81 59%
RPAY Repay Holdings 13.49 55%
TH Target Hospitality 13.82 46%
ENVX Enovix 13.49 45%
VRT Vertiv 13.23 38%