Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 455 132,560
SPAC announced acquisition 127 37,102
SPACs completed acquisition 405 97,192
SPACs liquidated 90 12,451
Total 1,077 279,305
SPAC IPO pipeline 287 66,671

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2021 441 703 63% 126,841 247,737 51%
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 1,077 279,305
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
HHGCU HHG 10.26 2.6%
ARGUU Argus Capital 10.10 1.0%
LOCC/U Live Oak Crestview 9.85 -1.5%
IPAXU Inflection Point 9.90 -1.0%
FLYA/U Soar 10.15 1.5%
BNIXU Bannix 10.25 2.5%
FLAG/U First Light 9.92 -0.8%
FHLTU Future Health ESG 9.94 -0.6%
SLVRU SILVERspac 9.90 -1.0%
OXUSU Oxus 10.19 1.9%
BNNRU Banner 9.93 -0.7%
DTRTU DTRT Health 10.10 1.0%
REVEU Alpine 10.07 0.7%
CHWAU CHW 10.01 0.1%
INAQ/U Insight 9.89 -1.1%
CNDA/U Concord II 9.97 -0.3%
MEOAU Minority Equality 10.18 1.8%
SWSSU Springwater 9.98 -0.2%
CCAIU Cascadia 9.90 -1.0%
WAVC/U Waverley 9.87 -1.3%
JAQCU Jupiter 9.85 -1.6%
APMIU AxonPrime 9.90 -1.0%
BWCAU Blue Whale 10.21 2.1%
CNTQU Chardan NexTech2 10.26 2.6%
DCRDU Decarbonization IV 10.09 0.9%
PONOU Pono Capital 10.15 1.5%
TPBAU TPB 9.90 -1.0%
ASPAU Abri 10.16 1.6%
AACIU Armada 9.90 -1.0%
AHPAU Avista II 10.14 1.4%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 43.29 691%
DKNG DraftKings 51.39 547%
BWMX Betterware 36.30 511%
PRIM Primoris 25.77 482%
LPRO Open Lending 37.74 365%
SMPL Simply Good Foods 35.13 330%
MP MP Materials 35.09 330%
CERE Cerevel Therapeutics 32.47 295%
GDYN Grid Dynamics 29.94 292%
RPAY Repay 24.49 275%
TGLS Tecnoglass 21.90 258%
KW Kennedy-Wilson 21.58 257%
QS QuantumScape 26.82 245%
SKIN Beauty Health 27.80 232%
STEM Stem 26.26 212%
LAZY Lazydays 21.69 199%
SPCE Virgin Galactic 25.00 195%
PLBY PLBY Group 26.30 189%
LCID Lucid 25.89 188%
PRPL Purple Innovation 23.01 188%
CLVT Clarivate 22.78 184%
VRT Vertiv 24.15 184%
AHCO AdaptHealth 23.77 179%
ROIC Retail Opportunity 17.63 178%
TTCF Tattooed Chef 19.28 171%
ENVX Enovix 21.05 158%
DMTK DermTech 34.63 148%
OPEN Opendoor 21.00 142%
CHPT ChargePoint 20.47 135%
DNMR Danimer Scientific 18.06 113%