Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 549 151,502
SPAC announced acquisition 116 31,962
SPACs completed acquisition 442 107,847
SPACs liquidated 91 12,520
Total 1,198 303,831
SPAC IPO pipeline 273 61,518

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2021 562 897 63% 151,367 313,422 48%
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 1,198 303,831
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
LAXXU 8i 2 10.12 1.2%
LGTOU Legato II 10.05 0.5%
IRRX/U Integrated Rail 10.03 0.3%
LGVCU LAMF 10.04 0.4%
MCAGU Mountain Crest V 10.06 0.6%
CCTSU Cactus 10.09 0.9%
AEAEU AltEnergy 10.10 1.0%
ARCKU Arbor Rapha 10.23 2.3%
SEDA/U SDCL Edge 10.00 0.0%
PEGRU Project Energy 9.97 -0.3%
XFINU ExcelFin 10.12 1.2%
GTACU Global Technology 10.08 0.8%
THACU Thrive 10.10 1.0%
BMAQU Blockchain Moon 10.60 6.0%
ENTFU Enterprise 4.0 10.11 1.1%
FEXDU Fintech Ecosystem 10.22 2.2%
SMAPU SportsMap Tech 10.23 2.3%
ENERU Accretion 10.26 2.6%
GOGN/U GoGreen 10.12 1.2%
NHICU NewHold II 10.02 0.2%
AVACU Avalon 10.14 1.4%
NFYS/U Enphys 9.86 -1.4%
PCXCU Parsec 10.25 2.5%
PBAXU Phoenix Biotech 10.12 1.2%
DMYS/U dMY V 10.86 8.6%
GATEU Marblegate 10.07 0.7%
MTRYU Monterey Bio 10.36 3.6%
ARTEU Artemis 10.15 1.5%
HCVIU Hennessy VI 10.05 0.5%
MEKA MELI Kaszek 13.04 30.4%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 38.45 594%
LCID Lucid 52.98 513%
DWAC Digital World / Trump Media 41.39 463%
MP MP Materials 43.94 448%
TGLS Tecnoglass 30.78 436%
GDYN Grid Dynamics 39.23 431%
PRIM Primoris 22.42 398%
ENVX Enovix 35.00 368%
SMPL Simply Good Foods 36.97 355%
DKNG DraftKings 34.55 322%
PLBY PLBY Group 38.35 322%
BWMX Betterware 26.07 306%
QS QuantumScape 28.84 275%
MTTR Matterport 32.38 266%
KW Kennedy-Wilson 21.69 259%
SKIN Beauty Health 25.96 208%
VRT Vertiv 25.64 204%
CHPT ChargePoint 25.52 202%
CLVT Clarivate 23.34 193%
ROIC Retail Opportunity 17.56 176%
LAZY Lazydays 20.23 175%
LPRO Open Lending 23.24 172%
PRCH Porch 21.04 158%
ASLE AerSale 18.09 147%
STEM Stem 21.22 145%
LFG Archaea Energy 19.09 129%
AHCO AdaptHealth 19.63 123%
RPAY Repay 16.36 112%
TTCF Tattooed Chef 16.09 107%
SOFI SoFi 17.20 86%