Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 591 | 158,669 |
| SPAC announced acquisition | 114 | 30,691 |
| SPACs completed acquisition | 474 | 117,472 |
| SPACs liquidated | 91 | 12,520 |
| Total | 1,270 | 319,353 |
| SPAC IPO pipeline | 244 | 55,066 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2022 | 21 | 25 | 84% | 4,572 | 6,058 | 75% |
| 2021 | 613 | 968 | 63% | 162,316 | 334,463 | 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 | 1,270 | 319,353 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| ACABU | Atlantic Coastal II | 9.99 | -0.1% |
| PPYAU | Papaya | 10.01 | 0.1% |
| WNNR/U | Andretti | 9.99 | -0.1% |
| CSLMU | Consilium | 10.03 | 0.3% |
| GHIXU | Gores IX | 10.00 | 0.0% |
| ITAQU | Industrial Tech II | 10.01 | 0.1% |
| WAVSU | Western | 10.02 | 0.2% |
| WTMAU | Welsbach | 10.00 | 0.0% |
| GMFIU | Aetherium | 10.01 | 0.1% |
| AOGOU | Arogo | 10.00 | 0.0% |
| APCA/U | AP | 10.08 | 0.8% |
| RCACU | Revelstone Capital | 10.06 | 0.6% |
| HAIAU | Healthcare AI | 10.01 | 0.1% |
| FXCOU | Financial Strategies | 0.00 | -1 |
| FRBNU | Forbion European | 10.08 | 0.8% |
| GFGDU | Growth for Good | 9.95 | -0.5% |
| XPDBU | Power & Digital II | 10.02 | 0.2% |
| PORT/U | Southport | 10.05 | 0.5% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| DWAC | Digital World / Trump Media | 75.80 | 980% |
| IRDM | Iridium | 35.63 | 538% |
| PRIM | Primoris | 25.34 | 471% |
| MP | MP Materials | 39.59 | 389% |
| SMPL | Simply Good Foods | 36.36 | 346% |
| LCID | Lucid | 37.51 | 327% |
| KW | Kennedy-Wilson | 22.45 | 274% |
| GDYN | Grid Dynamics | 26.86 | 245% |
| BWMX | Betterware | 22.25 | 230% |
| TGLS | Tecnoglass | 19.40 | 208% |
| ROIC | Retail Opportunity | 18.39 | 193% |
| VRT | Vertiv | 21.73 | 151% |
| LAZY | Lazydays | 17.29 | 127% |
| DKNG | DraftKings | 19.47 | 121% |
| AHCO | AdaptHealth | 18.72 | 111% |
| LPRO | Open Lending | 18.20 | 104% |
| RPAY | Repay | 15.74 | 100% |
| LFG | Archaea Energy | 16.82 | 95% |
| CLVT | Clarivate | 16.52 | 90% |
| ENVX | Enovix | 15.89 | 81% |
| QS | QuantumScape | 15.85 | 80% |
| PLBY | PLBY Group | 16.20 | 78% |
| UTZ | Utz Brands | 16.06 | 76% |
| ASLE | AerSale | 14.47 | 74% |
| SOFI | SoFi | 13.77 | 43% |
| SKIN | Beauty Health | 13.46 | 41% |
| CHPT | ChargePoint | 13.20 | 38% |
| TTCF | Tattooed Chef | 12.61 | 37% |
| STEM | Stem | 12.50 | 28% |
| PRCH | Porch | 10.38 | -2% |