Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 341 85,571
SPAC announced acquisition 163 33,151
SPACs completed acquisition 578 142,451
SPACs liquidated 243 63,835
Total 1,325 325,008
SPAC IPO pipeline 131 25,541

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2023 1 0 N/A 125 0 N/A
2022 86 118 73% 13,427 22,877 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 1,336 328,519
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
ISRLU Israel 10.17 1.7%
ATMCU AlphaTime 10.28 2.8%
HSPOU Horizon Space 10.29 2.9%
ATMVU AlphaVest 10.41 4.1%
PLTNU Plutonian 10.37 3.7%
HUDAU Hudson 10.63 6.3%
TENKU TenX Keane 10.38 3.8%
SVIIU Spring Valley II 10.49 4.9%
AQUNU Aquaron 11.00 10.0%
DMYY/U dMY Squared 10.14 1.4%
QOMOU Qomolangma 10.22 2.2%
GLSTU Global Star 10.00 0.0%
EFHTU EF Hutton 10.10 1.0%
HMACU Hainan Manaslu / Able View 10.34 3.4%
EMCGU Embrace Change 10.25 2.5%
PTWOU Pono Two 10.34 3.4%
MOBVU Mobiv 10.40 4.0%
SKGRU SK Growth 10.35 3.5%
FLFVU Feutune 10.28 2.8%
ACACU Acri 10.39 3.9%
PNACU Prime Number / Noco-Noco 10.25 2.5%
MCACU Monterey / ConnectM 10.32 3.2%
GBBKU Global Blockchain 10.00 0.0%
IVCAU Investcorp India 10.41 4.1%
RENEU Cartesian II 10.27 2.7%
AIMAU Aimfinity 10.03 0.3%
YOTAU Yotta / NaturalShrimp (OTCQB: SHMP) 10.22 2.2%
AFARU Aura FAT Projects 10.50 5.0%
DECAU Denali / Longevity Biomedical 10.45 4.5%
MSSAU Metal Sky Star 11.72 17.2%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 59.14 1008%
WSC Williams Scotsman 47.79 559%
TGLS Tecnoglass 34.76 515%
PRIM Primoris 25.82 483%
SMPL Simply Good Foods 35.78 339%
CERE Cerevel Therapeutics 34.48 321%
MP MP Materials 31.57 283%
HPK HighPeak Energy 29.12 279%
LFG Archaea Energy 26.00 233%
IMXI Intermex Wire Transfer 23.48 195%
KW Kennedy-Wilson 17.63 178%
MGY Magnolia Oil & Gas 23.66 177%
TWNK Hostess Brands 22.29 177%
PSFE Paysafe 21.28 145%
AHCO AdaptHealth 21.07 143%
ASLE AerSale 17.77 140%
ROIC Retail Opportunity Investments (ROI) 15.74 140%
ALTG Alta Equipment 16.64 92%
TH Target Hospitality 17.03 89%
INSE Inspired Entertainment 14.95 82%
UTZ Utz Brands 16.27 79%
DWAC Digital World / Trump Media 15.21 71%
DKNG DraftKings 15.13 63%
LAZY Lazydays 12.90 54%
VRT Vertiv 14.45 54%
BIOX Bioceres 12.41 46%
BOWL Bowlero 13.38 40%
OWL Blue Owl Capital 12.64 30%
LCID Lucid 12.55 28%
GDYN Grid Dynamics 12.28 27%