Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 251 | 54,852 |
| SPAC announced acquisition | 102 | 16,034 |
| SPACs completed acquisition | 824 | 190,908 |
| SPACs liquidated | 525 | 137,394 |
| Total | 1,702 | 399,188 |
| SPAC IPO pipeline | 74 | 9,131 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2026 | 134 | 209 | 64% | 26,877 | 188,465 | 14% |
| 2025 | 144 | 230 | 63% | 30,394 | 77,365 | 39% |
| 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 | 1,702 | 399,188 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| XIIIU | Churchill XIII | 0.00 | -1 |
| MTAKU | Market Technology | 9.96 | -0.4% |
| PLCIU | Pelican II | 9.95 | -0.5% |
| BRTMU | B&R Technology | 9.96 | -0.4% |
| NCOOU | Southern Cross | 10.04 | 0.4% |
| AMACU | AMR Resources | 10.05 | 0.5% |
| JONEU | Jones Ventures | 10.00 | 0.0% |
| RACD | Research Alliance IV | 10.50 | 5.0% |
| SAMO/U | Samos Energy | 9.94 | -0.6% |
| CCCTU | Columbus Circle III | 10.00 | 0.0% |
| MRCOU | Mercator | 10.02 | 0.2% |
| BCCQU | Bleichroeder III | 10.10 | 1.0% |
| FDMMU | Freedom Metals | 9.95 | -0.5% |
| VII/U | Viking II | 9.99 | -0.1% |
| OSPRU | Osprey III | 10.06 | 0.6% |
| AAC/U | Ares III | 10.20 | 2.0% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| VRT | Vertiv | 240.95 | 3074% |
| PRIM | Primoris | 85.65 | 1979% |
| BLBD | Blue Bird | 74.60 | 961% |
| LMB | Limbach Holdings | 69.90 | 961% |
| IRDM | Iridium | 48.11 | 787% |
| RKLB | Rocket Lab | 67.41 | 760% |
| ASTS | AST SpaceMobile | 60.78 | 754% |
| TGLS | Tecnoglass | 44.46 | 709% |
| CERE | Cerevel Therapeutics | 44.98 | 461% |
| IMVT | Immunovant | 39.60 | 436% |
| MP | MP Materials | 42.70 | 431% |
| OUST | Ouster | 37.40 | 404% |
| ROIV | Roivant Sciences | 34.56 | 361% |
| TWNK | Hostess Brands | 33.32 | 342% |
| SYM | Symbotic | 44.00 | 340% |
| IONQ | IonQ | 37.28 | 337% |
| OKLO | Oklo | 42.10 | 321% |
| RSI | Rush Street Interactive | 26.73 | 243% |
| NAMS | NewAmesterdam Pharma | 28.46 | 241% |
| WSC | Williams Scotsman | 24.51 | 210% |
| MGY | Magnolia Oil & Gas | 25.00 | 195% |
| DKNG | DraftKings | 23.93 | 181% |
| ROIC | Retail Opportunity Investments (ROI) | 17.49 | 175% |
| BRUN | Boost Run | 21.00 | 158% |
| BWMX | Betterware | 17.51 | 135% |
| PL | Planet Labs | 20.78 | 126% |
| QBTS | D-Wave | 18.55 | 109% |
| GRND | Grindr | 16.81 | 95% |
| MLTX | MoonLake Immunotherapeutics | 19.20 | 92% |
| SOFI | SoFi | 16.50 | 78% |