Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 591 | 159,587 |
| SPAC announced acquisition | 121 | 26,283 |
| SPACs completed acquisition | 506 | 126,530 |
| SPACs liquidated | 95 | 13,390 |
| Total | 1,313 | 325,790 |
| SPAC IPO pipeline | 180 | 37,097 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2022 | 68 | 83 | 82% | 11,604 | 15,704 | 74% |
| 2021 | 613 | 968 | 63% | 162,504 | 334,651 | 49% |
| 2020 | 247 | 449 | 55% | 83,271 | 179,274 | 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 | 1,316 | 326,457 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| GBBKU | Global Blockchain | 9.91 | -0.9% |
| IVCAU | Investcorp India | 9.99 | -0.1% |
| AIMAU | Aimfinity | 9.91 | -0.9% |
| YOTAU | Yotta | 9.95 | -0.5% |
| AFARU | Aura FAT Projects | 9.92 | -0.8% |
| DECAU | Denali | 9.88 | -1.2% |
| MSSAU | Metal Sky Star | 9.95 | -0.5% |
| RFACU | RF | 10.07 | 0.7% |
| GDSTU | Goldenstone | 10.12 | 1.2% |
| NUBIU | Nubia Brand | 10.00 | 0.0% |
| PLAOU | Patria | 10.03 | 0.3% |
| LBBBU | Lakeshore II | 10.09 | 0.9% |
| KCAC/U | Kensington IV / Amprius | 10.07 | 0.7% |
| SHUAU | SHUAA Partners | 10.00 | 0.0% |
| SPCMU | Sound Point | 10.04 | 0.4% |
| VMCAU | Valuence | 10.02 | 0.2% |
| CLINU | Clean Earth | 9.96 | -0.4% |
| PWUPU | PowerUp | 10.03 | 0.3% |
| BYNOU | byNordic | 10.00 | 0.0% |
| CPAQU | Counter Press | 10.08 | 0.8% |
| EVGRU | Evergreen | 10.01 | 0.1% |
| TGR/U | Kimbell Tiger | 10.08 | 0.8% |
| MURFU | Murphy Canyon | 10.09 | 0.9% |
| ACAXU | Alset | 9.99 | -0.1% |
| BWAQU | Blue World | 10.03 | 0.3% |
| KYCHU | Keyarch | 10.08 | 0.8% |
| LATGU | LatAmGrowth | 10.00 | 0.0% |
| HMA/U | Heartland Media | 9.96 | -0.4% |
| PPYAU | Papaya | 9.99 | -0.1% |
| WNNR/U | Andretti | 9.99 | -0.1% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IRDM | Iridium | 38.71 | 599% |
| DWAC | Digital World / Trump Media | 44.40 | 509% |
| PRIM | Primoris | 24.49 | 450% |
| SMPL | Simply Good Foods | 42.00 | 422% |
| MP | MP Materials | 40.10 | 396% |
| WSC | Williams Scotsman | 36.31 | 387% |
| HPK | HighPeak Energy | 32.00 | 323% |
| TGLS | Tecnoglass | 22.08 | 262% |
| KW | Kennedy-Wilson | 21.24 | 250% |
| MGY | Magnolia Oil & Gas | 28.21 | 238% |
| CERE | Cerevel Therapeutics | 27.25 | 225% |
| ROIC | Retail Opportunity Investments (ROI) | 18.28 | 191% |
| IMXI | Intermex Wire Transfer | 20.17 | 145% |
| LFG | Archaea Energy | 19.96 | 142% |
| GDYN | Grid Dynamics | 18.50 | 120% |
| LCID | Lucid | 19.77 | 114% |
| AHCO | AdaptHealth | 17.89 | 100% |
| LAZY | Lazydays | 15.39 | 95% |
| ASLE | AerSale | 14.11 | 67% |
| CLVT | Clarivate | 14.90 | 66% |
| DKNG | DraftKings | 14.78 | 59% |
| SKIN | Beauty Health | 14.76 | 58% |
| BWMX | Betterware | 13.62 | 57% |
| UTZ | Utz Brands | 14.21 | 51% |
| RPAY | Repay Holdings | 13.08 | 47% |
| QS | QuantumScape | 13.42 | 44% |
| CHPT | ChargePoint | 13.50 | 42% |
| LPRO | Open Lending | 13.17 | 37% |
| PACK | Renpak | 12.72 | 33% |
| ENVX | Enovix | 12.30 | 27% |