Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 586 159,244
SPAC announced acquisition 120 23,990
SPACs completed acquisition 514 129,135
SPACs liquidated 98 14,057
Total 1,318 326,426
SPAC IPO pipeline 174 35,847

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2022 70 90 78% 12,033 17,493 69%
2021 613 968 63% 162,504 334,651 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 1,319 327,001
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
SKGRU SK Growth 9.96 -0.4%
FLFVU Feutune 9.98 -0.2%
ACACU Acri 9.98 -0.2%
PNACU Prime Number 9.90 -1.0%
GBBKU Global Blockchain 10.00 0.0%
IVCAU Investcorp India 9.98 -0.2%
RENEU Cartesian II 10.00 0.0%
AIMAU Aimfinity 9.85 -1.5%
YOTAU Yotta 9.97 -0.3%
AFARU Aura FAT Projects 9.92 -0.8%
DECAU Denali 10.02 0.2%
MSSAU Metal Sky Star 9.95 -0.5%
RFACU RF 9.98 -0.2%
GDSTU Goldenstone / Roxe 10.24 2.4%
NUBIU Nubia Brand 10.00 0.0%
PLAOU Patria 10.06 0.6%
LBBBU Lakeshore II 10.07 0.7%
KCAC/U Kensington IV / Amprius 10.12 1.2%
SHUAU SHUAA Partners 10.10 1.0%
SPCMU Sound Point 10.07 0.7%
PWUPU PowerUp 10.10 1.0%
BYNOU byNordic 10.01 0.1%
TGR/U Kimbell Tiger 10.12 1.2%
HMA/U Heartland Media 9.93 -0.7%
WNNR/U Andretti 10.05 0.5%
GHIXU Gores IX 9.87 -1.3%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 37.42 573%
PRIM Primoris 22.91 410%
SMPL Simply Good Foods 40.71 404%
WSC Williams Scotsman 33.65 347%
MP MP Materials 36.18 344%
HPK HighPeak Energy 28.59 271%
CERE Cerevel Therapeutics 27.57 229%
KW Kennedy-Wilson 19.42 213%
DWAC Digital World / Trump Media 24.53 210%
TGLS Tecnoglass 17.69 174%
MGY Magnolia Oil & Gas 22.82 166%
ROIC Retail Opportunity Investments (ROI) 16.35 152%
IMXI Intermex Wire Transfer 20.33 147%
AHCO AdaptHealth 18.76 112%
GDYN Grid Dynamics 17.62 107%
LCID Lucid 18.01 93%
LFG Archaea Energy 16.48 90%
ASLE AerSale 14.70 79%
BIOX Bioceres 13.30 64%
CLVT Clarivate 14.21 56%
CHPT ChargePoint 14.51 55%
RPAY Repay Holdings 13.13 48%
UTZ Utz Brands 13.77 45%
SKIN Beauty Health 13.62 43%
LAZY Lazydays 12.03 40%
DKNG DraftKings 12.91 34%
CYXT Cyxterra 12.53 27%
LPRO Open Lending 10.60 3%
NRGV Energy Vault 9.87 -7%
VRT Vertiv 9.66 -10%