Summary of SPACs

  # Proceeds $M
SPACs seeking acquisition 586 159,229
SPAC announced acquisition 120 23,990
SPACs completed acquisition 514 129,135
SPACs liquidated 98 14,057
Total 1,318 326,411
SPAC IPO pipeline 174 35,847

SPAC and US IPO Activity

Year SPAC IPOs US IPOs SPAC % SPAC Proceeds $M US IPO Proceeds $M SPAC %
2022 70 90 78% 12,018 17,478 69%
2021 613 968 63% 162,504 334,651 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 1,319 326,986
* IPOs greater than $40M, excludes direct listings.

Recent SPAC IPO Performance

Symbol Name Price Unit Return
GBBKU Global Blockchain 10.00 0.0%
IVCAU Investcorp India 10.02 0.2%
AIMAU Aimfinity 9.93 -0.7%
YOTAU Yotta 9.94 -0.6%
AFARU Aura FAT Projects 9.95 -0.5%
DECAU Denali 9.98 -0.2%
MSSAU Metal Sky Star 10.04 0.4%
RFACU RF 9.98 -0.2%
GDSTU Goldenstone / Roxe 10.22 2.2%
NUBIU Nubia Brand 10.35 3.5%
PLAOU Patria 10.06 0.6%
LBBBU Lakeshore II 10.07 0.7%
KCAC/U Kensington IV / Amprius 10.17 1.7%
SHUAU SHUAA Partners 10.01 0.1%
SPCMU Sound Point 10.03 0.3%
VMCAU Valuence 10.07 0.7%
CLINU Clean Earth 10.03 0.3%
PWUPU PowerUp 10.11 1.1%
BYNOU byNordic 10.00 0.0%
CPAQU Counter Press 10.02 0.2%
EVGRU Evergreen 10.05 0.5%
TGR/U Kimbell Tiger 10.11 1.1%
MURFU Murphy Canyon 10.09 0.9%
ACAXU Alset 10.10 1.0%
BWAQU Blue World 9.96 -0.4%
KYCHU Keyarch 10.13 1.3%
LATGU LatAmGrowth 10.02 0.2%
HMA/U Heartland Media 9.95 -0.5%
PPYAU Papaya 9.97 -0.3%
WNNR/U Andretti 10.00 0.0%

Top Performing SPACs

Symbol Name Price Unit Return
IRDM Iridium 37.76 580%
PRIM Primoris 23.61 428%
SMPL Simply Good Foods 39.30 386%
WSC Williams Scotsman 34.50 360%
MP MP Materials 35.70 338%
DWAC Digital World / Trump Media 28.04 263%
CERE Cerevel Therapeutics 28.15 237%
KW Kennedy-Wilson 20.24 230%
HPK HighPeak Energy 25.16 220%
TGLS Tecnoglass 17.30 166%
ROIC Retail Opportunity Investments (ROI) 16.40 153%
IMXI Intermex Wire Transfer 20.17 145%
MGY Magnolia Oil & Gas 21.21 144%
GDYN Grid Dynamics 18.35 118%
AHCO AdaptHealth 18.89 114%
LCID Lucid 19.18 107%
LFG Archaea Energy 17.60 107%
ASLE AerSale 14.85 82%
CHPT ChargePoint 15.72 71%
RPAY Repay Holdings 13.89 63%
CLVT Clarivate 14.65 62%
BIOX Bioceres 12.96 57%
LAZY Lazydays 12.67 51%
UTZ Utz Brands 14.10 50%
DKNG DraftKings 14.10 50%
SKIN Beauty Health 14.01 48%
CYXT Cyxterra 13.10 34%
LPRO Open Lending 11.21 11%
BWMX Betterware 10.97 4%
VRT Vertiv 10.23 -2%