Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 557 | 153,191 |
| SPAC announced acquisition | 112 | 30,992 |
| SPACs completed acquisition | 450 | 110,233 |
| SPACs liquidated | 91 | 12,520 |
| Total | 1,210 | 306,936 |
| SPAC IPO pipeline | 262 | 59,523 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2021 | 574 | 921 | 62% | 154,471 | 320,666 | 48% |
| 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 | 1,210 | 306,936 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| LGTOU | Legato II | 10.06 | 0.6% |
| LAXXU | 8i 2 | 10.16 | 1.6% |
| IRRX/U | Integrated Rail | 10.07 | 0.7% |
| LGVCU | LAMF | 10.08 | 0.8% |
| MCAGU | Mountain Crest V | 10.09 | 0.9% |
| CCTSU | Cactus | 10.05 | 0.5% |
| AEAEU | AltEnergy | 10.05 | 0.5% |
| ARCKU | Arbor Rapha | 10.15 | 1.5% |
| SEDA/U | SDCL Edge | 9.99 | -0.1% |
| PEGRU | Project Energy | 9.94 | -0.6% |
| ENERU | Accretion | 10.23 | 2.3% |
| XFINU | ExcelFin | 10.05 | 0.5% |
| GTACU | Global Technology | 10.15 | 1.5% |
| GOGN/U | GoGreen | 10.12 | 1.2% |
| NHICU | NewHold II | 10.05 | 0.5% |
| THACU | Thrive | 10.14 | 1.4% |
| BMAQU | Blockchain Moon | 10.60 | 6.0% |
| ENTFU | Enterprise 4.0 | 10.07 | 0.7% |
| FEXDU | Fintech Ecosystem | 10.23 | 2.3% |
| SMAPU | SportsMap Tech | 10.20 | 2.0% |
| AVACU | Avalon | 10.17 | 1.7% |
| NFYS/U | Enphys | 9.88 | -1.2% |
| PCXCU | Parsec | 10.20 | 2.0% |
| PBAXU | Phoenix Biotech | 10.14 | 1.4% |
| DMYS/U | dMY V | 10.64 | 6.4% |
| GATEU | Marblegate | 9.99 | -0.1% |
| MTRYU | Monterey Bio | 10.40 | 4.0% |
| ARTEU | Artemis | 10.06 | 0.6% |
| HCVIU | Hennessy VI | 10.00 | 0.0% |
| MEKA | MELI Kaszek | 12.27 | 22.7% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IRDM | Iridium | 39.80 | 621% |
| DWAC | Digital World / Trump Media | 43.81 | 500% |
| TGLS | Tecnoglass | 31.23 | 445% |
| PRIM | Primoris | 23.47 | 424% |
| MP | MP Materials | 41.74 | 418% |
| LCID | Lucid | 44.86 | 415% |
| GDYN | Grid Dynamics | 36.92 | 396% |
| SMPL | Simply Good Foods | 37.22 | 358% |
| ENVX | Enovix | 31.53 | 315% |
| KW | Kennedy-Wilson | 22.77 | 280% |
| DKNG | DraftKings | 30.68 | 271% |
| PLBY | PLBY Group | 32.57 | 258% |
| BWMX | Betterware | 22.45 | 234% |
| QS | QuantumScape | 24.82 | 215% |
| VRT | Vertiv | 25.83 | 206% |
| CLVT | Clarivate | 23.93 | 201% |
| ROIC | Retail Opportunity | 18.66 | 198% |
| SKIN | Beauty Health | 22.81 | 166% |
| LPRO | Open Lending | 22.62 | 163% |
| MTTR | Matterport | 23.36 | 157% |
| LAZY | Lazydays | 18.99 | 155% |
| ASLE | AerSale | 17.72 | 139% |
| CHPT | ChargePoint | 20.74 | 138% |
| AHCO | AdaptHealth | 20.63 | 137% |
| RPAY | Repay | 17.14 | 128% |
| PRCH | Porch | 18.29 | 117% |
| LFG | Archaea Energy | 18.06 | 113% |
| STEM | Stem | 18.72 | 111% |
| TTCF | Tattooed Chef | 15.16 | 88% |
| SOFI | SoFi | 15.72 | 68% |