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% |