Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 196 45,987
SPAC announced acquisition 192 40,578
SPACs completed acquisition 605 147,707
SPACs liquidated 342 91,733
Total 1,335 326,004
SPAC IPO pipeline 50 5,538

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2023 15 26 58% 1,773 8,303 21%
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 1,350 330,171
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
IPXXU Inflection Point II 10.09 0.9%
ALCYU Alchemy 10.18 1.8%
GODNU Golden Star 10.25 2.5%
AACT/U Ares II 10.23 2.3%
TMTCU TMT 10.48 4.8%
OAKUU Oak Woods 10.46 4.6%
TBMCU Trailblazer 10.18 1.8%
FORLU Four Leaf 10.56 5.6%
SBXC/U SilverBox III 10.13 1.3%
DISTU Distoken 10.34 3.4%
MARXU Mars 10.51 5.1%
BLACU Bellevue Life 10.50 5.0%
PTHRU Pono Three 10.40 4.0%
CETUU Cetus 10.54 5.4%
ISRLU Israel 10.41 4.1%
ATMCU AlphaTime 10.55 5.5%
HSPOU Horizon Space 10.54 5.4%
ATMVU AlphaVest 10.47 4.7%
PLTNU Plutonian 10.42 4.2%
HUDAU Hudson / LOI Biotech 10.42 4.2%
TENKU TenX Keane 10.65 6.5%
SVIIU Spring Valley II 10.68 6.8%
AQUNU Aquaron / Bestpath IoT 10.38 3.8%
DMYY/U dMY Squared 10.27 2.7%
QOMOU Qomolangma 10.50 5.0%
GLSTU Global Star 10.65 6.5%
EFHTU EF Hutton / E.C.D Auto Design 10.10 1.0%
HMACU Hainan Manaslu / Able View 10.64 6.4%
EMCGU Embrace Change 10.64 6.4%
PTWOU Pono Two / SBC Medical Group 10.25 2.5%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 63.39 1093%
TGLS Tecnoglass 43.49 690%
PRIM Primoris 29.77 582%
WSC Williams Scotsman 47.51 555%
SMPL Simply Good Foods 35.82 339%
CERE Cerevel Therapeutics 32.98 301%
TWNK Hostess Brands 26.47 240%
IMXI Intermex Wire Transfer 24.57 211%
DKNG DraftKings 25.18 197%
MLTX MoonLake Immunotherapeutics 29.58 196%
KW Kennedy-Wilson 16.98 165%
BLBD Blue Bird 21.46 164%
MP MP Materials 21.82 153%
VRT Vertiv 21.22 145%
MGY Magnolia Oil & Gas 20.68 137%
VRRM Verra Mobility 18.73 111%
ROIC Retail Opportunity Investments (ROI) 13.43 94%
ASLE AerSale 14.98 85%
TH Target Hospitality 16.59 83%
INSE Inspired Entertainment 14.87 80%
UTZ Utz Brands 16.07 76%
ALTG Alta Equipment 15.18 70%
HPK HighPeak Energy 14.67 63%
ENVX Enovix 13.83 50%
BIOX Bioceres 12.30 43%
BWMX Betterware 12.89 43%
LAZY Lazydays 11.89 38%
DWAC Digital World / Trump Media 12.92 36%
BOWL Bowlero 12.20 24%
ZGN Ermenegildo Zegna 11.72 18%