Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 246 | 53,037 |
| SPAC announced acquisition | 109 | 17,154 |
| SPACs completed acquisition | 833 | 192,574 |
| SPACs liquidated | 531 | 139,164 |
| Total | 1,719 | 401,929 |
| SPAC IPO pipeline | 90 | 11,522 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2026 | 152 | 227 | 67% | 29,710 | 191,298 | 16% |
| 2025 | 144 | 230 | 63% | 30,394 | 77,365 | 39% |
| 2024 | 57 | 133 | 43% | 9,646 | 42,267 | 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 | 1,720 | 402,044 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| BRRKU | Bluerock II | 9.99 | -0.1% |
| LOVIU | Live Oak VI | 10.01 | 0.1% |
| LEDRU | Leader’s Advantage | 9.96 | -0.4% |
| HYAC/U | Haymaker V | 10.04 | 0.4% |
| TLACU | Three Lions | 10.01 | 0.1% |
| IPHXU | Inflection Point VIII | 10.06 | 0.6% |
| JTTT | JATT III | 10.88 | 8.8% |
| SCATU | Southern Cross II | 10.05 | 0.5% |
| RNAQU | Rainier | 10.17 | 1.7% |
| XTERU | Karman Line | 9.90 | -1.0% |
| NSAIU | NorthStrive | 10.02 | 0.2% |
| TBCVU | Thunder Bridge V | 9.91 | -0.9% |
| OCLTU | OceanLight / AIRE | 10.08 | 0.8% |
| PNAQ/U | Pinnacle | 10.01 | 0.1% |
| TCGX | TCGX | 13.37 | 33.7% |
| FJDIU | ARC Group Securities | 10.05 | 0.5% |
| THEOU | BOA II | 10.23 | 2.3% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| VRT | Vertiv | 248.45 | 3174% |
| PRIM | Primoris | 74.60 | 1702% |
| RKLB | Rocket Lab | 70.15 | 797% |
| IRDM | Iridium | 47.90 | 783% |
| ASTS | AST SpaceMobile | 59.61 | 737% |
| BLBD | Blue Bird | 55.77 | 679% |
| LMB | Limbach Holdings | 48.50 | 619% |
| TGLS | Tecnoglass | 34.75 | 515% |
| MP | MP Materials | 45.79 | 472% |
| CERE | Cerevel Therapeutics | 44.98 | 461% |
| OUST | Ouster | 40.05 | 443% |
| IONQ | IonQ | 44.08 | 422% |
| ROIV | Roivant Sciences | 36.74 | 394% |
| IMVT | Immunovant | 33.45 | 344% |
| TWNK | Hostess Brands | 33.32 | 342% |
| SYM | Symbotic | 41.75 | 318% |
| OKLO | Oklo | 37.10 | 271% |
| NESR | National Energy Services Reunited | 26.56 | 241% |
| NAMS | NewAmesterdam Pharma | 23.81 | 179% |
| ROIC | Retail Opportunity Investments (ROI) | 17.49 | 175% |
| MGY | Magnolia Oil & Gas | 23.26 | 172% |
| RSI | Rush Street Interactive | 19.88 | 141% |
| DKNG | DraftKings | 19.61 | 123% |
| TH | Target Hospitality | 19.41 | 120% |
| BWMX | Betterware | 16.71 | 119% |
| WSC | Williams Scotsman | 17.45 | 104% |
| BRUN | Boost Run | 16.65 | 92% |
| GRND | Grindr | 15.99 | 82% |
| QBTS | D-Wave | 16.50 | 82% |
| PWP | Perella Weinberg | 16.37 | 80% |