Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 591 159,587
SPAC announced acquisition 121 26,283
SPACs completed acquisition 506 126,530
SPACs liquidated 95 13,390
Total 1,313 325,790
SPAC IPO pipeline 180 37,097

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2022 68 83 82% 11,604 15,704 74%
2021 613 968 63% 162,504 334,651 49%
2020 247 449 55% 83,271 179,274 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 1,316 326,457
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
GBBKU Global Blockchain 9.91 -0.9%
IVCAU Investcorp India 9.99 -0.1%
AIMAU Aimfinity 9.91 -0.9%
YOTAU Yotta 9.95 -0.5%
AFARU Aura FAT Projects 9.92 -0.8%
DECAU Denali 9.88 -1.2%
MSSAU Metal Sky Star 9.95 -0.5%
RFACU RF 10.07 0.7%
GDSTU Goldenstone 10.12 1.2%
NUBIU Nubia Brand 10.00 0.0%
PLAOU Patria 10.03 0.3%
LBBBU Lakeshore II 10.09 0.9%
KCAC/U Kensington IV / Amprius 10.07 0.7%
SHUAU SHUAA Partners 10.00 0.0%
SPCMU Sound Point 10.04 0.4%
VMCAU Valuence 10.02 0.2%
CLINU Clean Earth 9.96 -0.4%
PWUPU PowerUp 10.03 0.3%
BYNOU byNordic 10.00 0.0%
CPAQU Counter Press 10.08 0.8%
EVGRU Evergreen 10.01 0.1%
TGR/U Kimbell Tiger 10.08 0.8%
MURFU Murphy Canyon 10.09 0.9%
ACAXU Alset 9.99 -0.1%
BWAQU Blue World 10.03 0.3%
KYCHU Keyarch 10.08 0.8%
LATGU LatAmGrowth 10.00 0.0%
HMA/U Heartland Media 9.96 -0.4%
PPYAU Papaya 9.99 -0.1%
WNNR/U Andretti 9.99 -0.1%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 38.71 599%
DWAC Digital World / Trump Media 44.40 509%
PRIM Primoris 24.49 450%
SMPL Simply Good Foods 42.00 422%
MP MP Materials 40.10 396%
WSC Williams Scotsman 36.31 387%
HPK HighPeak Energy 32.00 323%
TGLS Tecnoglass 22.08 262%
KW Kennedy-Wilson 21.24 250%
MGY Magnolia Oil & Gas 28.21 238%
CERE Cerevel Therapeutics 27.25 225%
ROIC Retail Opportunity Investments (ROI) 18.28 191%
IMXI Intermex Wire Transfer 20.17 145%
LFG Archaea Energy 19.96 142%
GDYN Grid Dynamics 18.50 120%
LCID Lucid 19.77 114%
AHCO AdaptHealth 17.89 100%
LAZY Lazydays 15.39 95%
ASLE AerSale 14.11 67%
CLVT Clarivate 14.90 66%
DKNG DraftKings 14.78 59%
SKIN Beauty Health 14.76 58%
BWMX Betterware 13.62 57%
UTZ Utz Brands 14.21 51%
RPAY Repay Holdings 13.08 47%
QS QuantumScape 13.42 44%
CHPT ChargePoint 13.50 42%
LPRO Open Lending 13.17 37%
PACK Renpak 12.72 33%
ENVX Enovix 12.30 27%