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% |