Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 176 | 39,093 |
| SPAC announced acquisition | 102 | 16,867 |
| SPACs completed acquisition | 793 | 185,010 |
| SPACs liquidated | 517 | 135,947 |
| Total | 1,588 | 376,916 |
| SPAC IPO pipeline | 77 | 10,519 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2026 | 20 | 21 | 95% | 4,605 | 4,808 | 96% |
| 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 | 1,588 | 376,916 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| KRAQU | KRAKacquisition | 10.09 | 0.9% |
| SAAQU | Space Asset | 10.20 | 2.0% |
| GIXXU | GigCapital9 | 10.05 | 0.5% |
| MLAAU | Mountain Lake II | 9.98 | -0.2% |
| HLXC | Helix III | 10.26 | 2.6% |
| ARCIU | Archimedes III | 10.09 | 0.9% |
| LEGO/U | Legato IV | 14.30 | 43.0% |
| PTORU | Praetorian | 9.98 | -0.2% |
| ALOVU | Aldabra 4 Liquidity | 9.99 | -0.1% |
| XCBEU | X3 | 10.00 | 0.0% |
| FGIIU | FG Imperii | 10.00 | 0.0% |
| IEAGU | Infinite Eagle | 10.22 | 2.2% |
| OIMAU | OneIM | 10.11 | 1.1% |
| ZKPU | Lafayette Digital | 10.01 | 0.1% |
| BBCQU | Bleichroeder II | 10.10 | 1.0% |
| SORNU | Soren | 9.98 | -0.2% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| PRIM | Primoris | 149.13 | 3566% |
| VRT | Vertiv | 194.00 | 2448% |
| ASTS | AST SpaceMobile | 120.61 | 1652% |
| LMB | Limbach Holdings | 80.25 | 1127% |
| RKLB | Rocket Lab | 87.91 | 1034% |
| OKLO | Oklo | 92.20 | 822% |
| TGLS | Tecnoglass | 48.92 | 798% |
| MP | MP Materials | 59.68 | 657% |
| BLBD | Blue Bird | 49.70 | 588% |
| CERE | Cerevel Therapeutics | 44.98 | 461% |
| SYM | Symbotic | 55.13 | 451% |
| IONQ | IonQ | 45.63 | 442% |
| TWNK | Hostess Brands | 33.32 | 342% |
| NAMS | NewAmesterdam Pharma | 31.56 | 282% |
| DKNG | DraftKings | 30.13 | 263% |
| IRDM | Iridium | 21.25 | 250% |
| IMVT | Immunovant | 25.97 | 232% |
| MGY | Magnolia Oil & Gas | 25.22 | 198% |
| QBTS | D-Wave | 24.76 | 192% |
| MIR | Mirion Technologies | 25.50 | 190% |
| SOFI | SoFi | 24.77 | 181% |
| ROIC | Retail Opportunity Investments (ROI) | 17.49 | 175% |
| ROIV | Roivant Sciences | 21.68 | 168% |
| PWP | Perella Weinberg | 22.53 | 162% |
| BWMX | Betterware | 18.49 | 155% |
| WSC | Williams Scotsman | 20.24 | 146% |
| RGTI | Rigetti | 21.96 | 146% |
| SMR | NuScale Power | 19.99 | 142% |
| VRRM | Verra Mobility | 19.70 | 124% |
| SMPL | Simply Good Foods | 19.23 | 118% |