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%