Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 265 62,599
SPAC announced acquisition 177 38,264
SPACs completed acquisition 595 145,682
SPACs liquidated 294 79,035
Total 1,331 325,580
SPAC IPO pipeline 53 5,756

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2023 8 15 53% 664 2,474 27%
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 1,343 329,058
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
FORLU Four Leaf 10.21 2.1%
SBXC/U SilverBox III 10.10 1.0%
MARXU Mars 10.33 3.3%
DISTU Distoken 10.29 2.9%
BLACU Bellevue Life 10.34 3.4%
PTHRU Pono Three 10.25 2.5%
ISRLU Israel 10.37 3.7%
ATMCU AlphaTime 10.43 4.3%
HSPOU Horizon Space 10.35 3.5%
ATMVU AlphaVest 10.30 3.0%
PLTNU Plutonian 10.43 4.3%
HUDAU Hudson 10.45 4.5%
TENKU TenX Keane 10.53 5.3%
SVIIU Spring Valley II 10.63 6.3%
AQUNU Aquaron 10.55 5.5%
DMYY/U dMY Squared 10.41 4.1%
QOMOU Qomolangma 10.38 3.8%
GLSTU Global Star 10.49 4.9%
EFHTU EF Hutton / E.C.D Auto Design 10.10 1.0%
HMACU Hainan Manaslu / Able View 10.46 4.6%
EMCGU Embrace Change 10.35 3.5%
PTWOU Pono Two / SBC Medical Group 10.48 4.8%
MOBVU Mobiv / SRIVARU 10.42 4.2%
SKGRU SK Growth 10.51 5.1%
FLFVU Feutune 10.53 5.3%
ACACU Acri 10.63 6.3%
PNACU Prime Number / Noco-Noco 10.52 5.2%
MCACU Monterey / ConnectM 10.44 4.4%
GBBKU Global Blockchain 10.00 0.0%
IVCAU Investcorp India 10.52 5.2%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 59.92 1023%
TGLS Tecnoglass 37.57 571%
WSC Williams Scotsman 46.00 533%
PRIM Primoris 24.03 438%
SMPL Simply Good Foods 37.33 359%
MP MP Materials 26.75 218%
IMXI Intermex Wire Transfer 24.88 216%
TWNK Hostess Brands 24.16 205%
CERE Cerevel Therapeutics 22.80 166%
HPK HighPeak Energy 21.31 162%
KW Kennedy-Wilson 16.11 147%
MGY Magnolia Oil & Gas 20.68 137%
MLTX MoonLake Immunotherapeutics 21.25 113%
ASLE AerSale 15.89 103%
DKNG DraftKings 17.69 98%
VRRM Verra Mobility 17.28 92%
TH Target Hospitality 16.61 83%
UTZ Utz Brands 16.55 82%
ALTG Alta Equipment 15.62 77%
PSFE Paysafe 16.04 76%
ROIC Retail Opportunity Investments (ROI) 12.52 75%
BOWL Bowlero 14.66 57%
AHCO AdaptHealth 14.01 48%
DWAC Digital World / Trump Media 13.40 43%
INSE Inspired Entertainment 12.50 43%
ALVO Alvotech 13.60 41%
VRT Vertiv 13.45 41%
LAZY Lazydays 12.00 40%
ZGN Ermenegildo Zegna 13.01 35%
WEST Westrock Coffee 12.64 32%