Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 115 | 25,722 |
| SPAC announced acquisition | 161 | 31,052 |
| SPACs completed acquisition | 659 | 159,578 |
| SPACs liquidated | 415 | 111,741 |
| Total | 1,350 | 328,094 |
| SPAC IPO pipeline | 53 | 5,712 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2023 | 29 | 67 | 43% | 3,645 | 24,035 | 15% |
| 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 | 1,364 | 332,043 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| AFJKU | Aimei Health | 10.16 | 1.6% |
| CLBR/U | Colombier II | 10.06 | 0.6% |
| GLACU | Global Lights | 10.25 | 2.5% |
| ANSCU | Agriculture & Natural Solutions | 10.14 | 1.4% |
| QETAU | Quetta | 10.23 | 2.3% |
| SPKLU | Spark I | 10.16 | 1.6% |
| NNAGU | 99 | 10.29 | 2.9% |
| HYAC/U | Haymaker 4 | 10.34 | 3.4% |
| KVACU | Keen Vision | 10.33 | 3.3% |
| NETDU | Nabors II | 10.35 | 3.5% |
| BOWNU | Bowen | 10.42 | 4.2% |
| BUJAU | Bukit Jalil | 10.46 | 4.6% |
| ESHAU | ESH | 10.22 | 2.2% |
| IPXXU | Inflection Point II | 10.35 | 3.5% |
| ALCYU | Alchemy | 10.39 | 3.9% |
| GODNU | Golden Star / Gamehaus | 10.58 | 5.8% |
| AACT/U | Ares II | 10.45 | 4.5% |
| TBMCU | Trailblazer | 10.18 | 1.8% |
| TMTCU | TMT / eLong Power | 10.70 | 7.0% |
| OAKUU | Oak Woods / Huajin | 10.70 | 7.0% |
| FORLU | Four Leaf | 10.56 | 5.6% |
| SBXC/U | SilverBox III | 10.30 | 3.0% |
| DISTU | Distoken | 10.34 | 3.4% |
| MARXU | Mars / ScanTech | 10.78 | 7.8% |
| BLACU | Bellevue Life / OSR Holdings | 10.64 | 6.4% |
| PTHRU | Pono Three / Horizon Aircraft | 10.61 | 6.1% |
| CETUU | Cetus / MKD Technology | 10.73 | 7.3% |
| ISRLU | Israel / LOI Pomvom | 10.78 | 7.8% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| PRIM | Primoris | 32.13 | 641% |
| IRDM | Iridium | 40.60 | 637% |
| TGLS | Tecnoglass | 39.55 | 611% |
| VRT | Vertiv | 47.35 | 493% |
| MLTX | MoonLake Immunotherapeutics | 58.00 | 480% |
| WSC | Williams Scotsman | 40.02 | 443% |
| IMVT | Immunovant | 39.10 | 429% |
| CERE | Cerevel Therapeutics | 41.20 | 411% |
| SYM | Symbotic | 50.80 | 408% |
| SMPL | Simply Good Foods | 39.09 | 383% |
| TWNK | Hostess Brands | 33.32 | 342% |
| DKNG | DraftKings | 35.91 | 340% |
| IMXI | Intermex Wire Transfer | 21.32 | 162% |
| BLBD | Blue Bird | 21.21 | 161% |
| VRRM | Verra Mobility | 21.19 | 144% |
| MGY | Magnolia Oil & Gas | 20.93 | 141% |
| DWAC | Digital World / Trump Media | 17.29 | 102% |
| ROIC | Retail Opportunity Investments (ROI) | 13.42 | 93% |
| MP | MP Materials | 16.74 | 85% |
| ASLE | AerSale | 14.60 | 77% |
| BWMX | Betterware | 14.10 | 67% |
| KW | Kennedy-Wilson | 11.85 | 62% |
| HPK | HighPeak Energy | 14.24 | 56% |
| BIOX | Bioceres | 12.40 | 45% |
| UTZ | Utz Brands | 13.53 | 42% |
| IONQ | IonQ | 13.65 | 42% |
| GDYN | Grid Dynamics | 13.20 | 40% |
| OWL | Blue Owl Capital | 13.26 | 38% |
| ZGN | Ermenegildo Zegna | 11.87 | 20% |
| ENVX | Enovix | 11.79 | 19% |