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%