Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 572 151,366
SPAC announced acquisition 114 22,068
SPACs completed acquisition 530 133,085
SPACs liquidated 102 18,652
Total 1,318 325,171
SPAC IPO pipeline 172 33,816

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2022 74 94 79% 12,369 17,829 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 1,323 327,337
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
SKGRU SK Growth 9.97 -0.3%
FLFVU Feutune 10.05 0.5%
ACACU Acri 10.05 0.5%
PNACU Prime Number 10.07 0.7%
MCACU Monterey 10.02 0.2%
GBBKU Global Blockchain 10.00 0.0%
IVCAU Investcorp India 10.09 0.9%
RENEU Cartesian II 10.05 0.5%
AIMAU Aimfinity 9.96 -0.4%
YOTAU Yotta 9.92 -0.8%
AFARU Aura FAT Projects 9.97 -0.3%
DECAU Denali 10.05 0.5%
MSSAU Metal Sky Star 10.02 0.2%
RFACU RF 10.01 0.1%
GDSTU Goldenstone / Roxe 10.06 0.6%
NUBIU Nubia Brand 10.15 1.5%
PLAOU Patria 10.10 1.0%
LBBBU Lakeshore II 10.05 0.5%
KCAC/U Kensington IV / Amprius 10.00 0.0%
SHUAU SHUAA Partners 10.05 0.5%
SPCMU Sound Point 10.10 1.0%
PWUPU PowerUp 10.12 1.2%
BYNOU byNordic 10.00 0.0%
TGR/U Kimbell Tiger 10.22 2.2%
HMA/U Heartland Media 10.05 0.5%
WNNR/U Andretti 10.02 0.2%
GHIXU Gores IX 9.86 -1.5%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 46.07 746%
WSC Williams Scotsman 43.16 490%
PRIM Primoris 22.39 397%
MP MP Materials 38.03 369%
TGLS Tecnoglass 25.58 332%
CERE Cerevel Therapeutics 34.58 323%
SMPL Simply Good Foods 34.17 317%
DWAC Digital World / Trump Media 29.88 291%
KW Kennedy-Wilson 20.64 238%
IMXI Intermex Wire Transfer 24.50 210%
ENVX Enovix 23.47 195%
ROIC Retail Opportunity Investments (ROI) 18.27 190%
ASLE AerSale 20.23 190%
MGY Magnolia Oil & Gas 24.13 183%
AHCO AdaptHealth 23.97 181%
HPK HighPeak Energy 21.00 158%
DKNG DraftKings 20.66 137%
GDYN Grid Dynamics 19.50 135%
LFG Archaea Energy 19.05 128%
LAZY Lazydays 16.86 120%
CHPT ChargePoint 18.95 114%
LCID Lucid 18.58 100%
UTZ Utz Brands 16.65 84%
STEM Stem 15.80 72%
SMR NuScale Power 15.09 69%
SKIN Beauty Health 13.93 47%
QS QuantumScape 13.63 47%
TH Target Hospitality 13.82 46%
BIOX Bioceres 12.25 42%
VRT Vertiv 13.52 42%