Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 427 | 129,019 |
| SPAC announced acquisition | 145 | 43,649 |
| SPACs completed acquisition | 362 | 83,675 |
| SPACs liquidated | 90 | 12,451 |
| Total | 1,024 | 268,794 |
| SPAC IPO pipeline | 293 | 69,056 |
SPAC and US IPO Activity
| Year | SPAC IPOs | Total US IPOs | % | SPAC Proceeds $M | Total US IPO Proceeds $M | % |
|---|---|---|---|---|---|---|
| 2021 | 388 | 618 | 63% | 116,354 | 224,980 | 52% |
| 2020 | 248 | 450 | 55% | 83,361 | 179,364 | 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 | 1024 | 268,794 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IMAQU | International Media | 10.10 | 1.0% |
| MTAL/U | Metals | 9.84 | -1.6% |
| SWAGU | Software III | 10.01 | 0.1% |
| APTMU | Alpha Partners | 9.93 | -0.7% |
| DALS | DA32 Life Science | 10.00 | 0.0% |
| MEACU | Mercury Ecommerce | 9.94 | -0.6% |
| ALPAU | Alpha Healthcare III | 9.92 | -0.8% |
| WRAC/U | Williams Rowland | 9.98 | -0.2% |
| BLNGU | Belong | 9.89 | -1.1% |
| PFTAU | Portage Fintech | 9.97 | -0.3% |
| CLAYU | Chavant | 9.98 | -0.2% |
| CLOEU | Clover Leaf | 10.14 | 1.4% |
| TRTL/U | TortoiseEcofin III | 9.92 | -0.8% |
| BSAQ/U | Black Spade | 10.00 | 0.0% |
| APACU | StoneBridge | 9.96 | -0.4% |
| TWCBU | Bilander | 9.90 | -1.0% |
| CLAQU | CleanTech | 10.17 | 1.7% |
| JATT/U | JATT | 9.97 | -0.3% |
| UPTDU | TradeUp | 9.96 | -0.4% |
| ARYE | ARYA V | 9.97 | -0.3% |
| GWIIU | Good Works II | 9.95 | -0.5% |
| GLTA/U | Galata | 9.94 | -0.6% |
| ACRO/U | Acropolis | 10.00 | 0.0% |
| RICOU | Agrico | 10.04 | 0.4% |
| ALCC | AltC | 9.85 | -1.5% |
| MCAFU | Mountain Crest IV | 10.01 | 0.1% |
| EOCW/U | Elliott II | 10.02 | 0.2% |
| FICVU | Frontier | 9.94 | -0.6% |
| CORS/U | Corsair | 10.00 | 0.0% |
| GGGVU | G3 VRM | 10.03 | 0.3% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IRDM | Iridium | 42.23 | 670% |
| BWMX | Betterware | 42.50 | 635% |
| PRIM | Primoris | 29.90 | 585% |
| DKNG | DraftKings | 48.50 | 508% |
| LPRO | Open Lending | 38.00 | 368% |
| MP | MP Materials | 37.62 | 363% |
| SMPL | Simply Good Foods | 37.48 | 361% |
| RPAY | Repay | 24.91 | 283% |
| SPCE | Virgin Galactic | 29.99 | 262% |
| PRPL | Purple Innovation | 26.34 | 238% |
| VRT | Vertiv | 28.04 | 236% |
| KW | Kennedy-Wilson | 20.19 | 229% |
| STEM | Stem | 27.11 | 223% |
| PLBY | PLBY Group | 28.18 | 210% |
| TGLS | Tecnoglass | 19.29 | 206% |
| CERE | Cerevel Therapeutics | 24.64 | 190% |
| QS | QuantumScape | 22.91 | 186% |
| LAZY | Lazydays | 20.87 | 185% |
| CLVT | Clarivate | 22.80 | 184% |
| TTCF | Tattooed Chef | 19.72 | 179% |
| ROIC | Retail Opportunity | 17.67 | 178% |
| CHPT | ChargePoint | 23.65 | 177% |
| UTZ | Utz Brands | 22.64 | 164% |
| LCID | Lucid | 23.72 | 162% |
| AHCO | AdaptHealth | 22.39 | 160% |
| GDYN | Grid Dynamics | 21.05 | 158% |
| DMTK | DermTech | 33.66 | 141% |
| DNMR | Danimer Scientific | 16.68 | 93% |
| ENVX | Enovix | 16.51 | 90% |
| GENI | Genius Sports | 17.12 | 90% |