Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 146 | 32,968 |
| SPAC announced acquisition | 102 | 16,926 |
| SPACs completed acquisition | 791 | 184,773 |
| SPACs liquidated | 512 | 134,698 |
| Total | 1,551 | 369,366 |
| SPAC IPO pipeline | 74 | 11,981 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2025 | 129 | 193 | 67% | 28,053 | 58,997 | 48% |
| 2024 | 57 | 133 | 43% | 9,624 | 42,245 | 23% |
| 2023 | 31 | 72 | 43% | 3,848 | 25,148 | 15% |
| 2022 | 86 | 118 | 73% | 13,431 | 22,881 | 59% |
| 2021 | 613 | 968 | 63% | 162,503 | 334,650 | 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 | 29 | 253 | 11% | 2,161 | 61,941 | 3% |
| 2004 | 12 | 268 | 4% | 485 | 72,865 | 1% |
| 2003 | 1 | 127 | 1% | 24 | 49,954 | 0% |
| Total | 1,553 | 369,971 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| LFACU | Leapfrong | 10.00 | 0.0% |
| NWAX/U | New America | 10.38 | 3.8% |
| SAC/U | Safeguard | 10.10 | 1.0% |
| AEAQU | Activate Energy | 10.01 | 0.1% |
| GPACU | General Purpose | 10.00 | 0.0% |
| SBXE/U | SilverBox V | 10.10 | 1.0% |
| SCIIU | SC II | 10.04 | 0.4% |
| IGACU | Invest Green | 10.02 | 0.2% |
| HCACU | Hall Chadwick | 10.03 | 0.2% |
| ALUB/U | Alussa Energy II | 10.10 | 1.0% |
| BPACU | Blueport | 10.03 | 0.3% |
| EVOXU | Evolution Global | 10.07 | 0.7% |
| CRACU | Crown Reserve | 10.12 | 1.2% |
| TDWDU | Tailwind 2.0 | 10.03 | 0.2% |
| CEPV | Cantor Equity Partners V | 10.25 | 2.5% |
| WSTNU | Westin | 10.02 | 0.2% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| PRIM | Primoris | 125.66 | 2979% |
| VRT | Vertiv | 184.40 | 2320% |
| LMB | Limbach Holdings | 74.24 | 1030% |
| ASTS | AST SpaceMobile | 73.80 | 950% |
| OKLO | Oklo | 104.74 | 947% |
| TGLS | Tecnoglass | 51.84 | 857% |
| MP | MP Materials | 62.24 | 692% |
| BLBD | Blue Bird | 51.27 | 612% |
| IONQ | IonQ | 52.80 | 531% |
| RKLB | Rocket Lab | 49.04 | 516% |
| SYM | Symbotic | 60.05 | 501% |
| CERE | Cerevel Therapeutics | 44.98 | 461% |
| TWNK | Hostess Brands | 33.32 | 342% |
| NAMS | NewAmesterdam Pharma | 35.00 | 328% |
| DKNG | DraftKings | 34.02 | 315% |
| QBTS | D-Wave | 27.20 | 224% |
| RGTI | Rigetti | 28.23 | 224% |
| SOFI | SoFi | 27.37 | 213% |
| IRDM | Iridium | 18.08 | 187% |
| IMVT | Immunovant | 22.87 | 186% |
| MIR | Mirion Technologies | 25.01 | 184% |
| MGY | Magnolia Oil & Gas | 23.59 | 176% |
| ROIC | Retail Opportunity Investments (ROI) | 17.49 | 175% |
| SMR | NuScale Power | 21.55 | 166% |
| ROIV | Roivant Sciences | 20.95 | 157% |
| WSC | Williams Scotsman | 20.59 | 151% |
| VRRM | Verra Mobility | 21.61 | 150% |
| SMPL | Simply Good Foods | 18.93 | 114% |
| PWP | Perella Weinberg | 18.63 | 110% |
| CLBT | Cellebrite | 18.28 | 105% |