Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 207 | 45,297 |
| SPAC announced acquisition | 98 | 15,943 |
| SPACs completed acquisition | 808 | 187,953 |
| SPACs liquidated | 520 | 136,681 |
| Total | 1,633 | 385,873 |
| SPAC IPO pipeline | 82 | 11,066 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2026 | 65 | 72 | 90% | 13,561 | 16,464 | 82% |
| 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 | 1,633 | 385,873 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| AACPU | Apogee | 10.04 | 0.4% |
| ACGCU | ACP | 9.96 | -0.4% |
| FMACU | Future Money | 10.01 | 0.1% |
| IPFXU | Inflection Point VI | 10.11 | 1.1% |
| KPET/U | KPET Ultra Paceline | 10.00 | 0.0% |
| QADRU | QDRO | 9.92 | -0.8% |
| BWIV/U | Blue Water IV | 9.92 | -0.8% |
| BHAVU | BHAV | 9.98 | -0.2% |
| MTAL/U | Metals II | 10.19 | 1.9% |
| PONOU | PONO Capital 4 | 10.03 | 0.3% |
| SUMAU | SUMA | 10.05 | 0.5% |
| GLED/U | GalaxyEdge / LOI Rongcheng Group | 10.03 | 0.3% |
| KCAC/U | Kensington Capital VI | 10.10 | 1.0% |
| ILLUU | Illumination | 9.92 | -0.8% |
| TRAD/U | Apex Tech | 10.01 | 0.1% |
| FVAV | Fortress Value V | 10.03 | 0.3% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| PRIM | Primoris | 164.74 | 3956% |
| VRT | Vertiv | 302.80 | 3899% |
| ASTS | AST SpaceMobile | 99.87 | 1341% |
| LMB | Limbach Holdings | 86.00 | 1219% |
| RKLB | Rocket Lab | 71.05 | 809% |
| BLBD | Blue Bird | 63.81 | 800% |
| TGLS | Tecnoglass | 45.74 | 735% |
| MP | MP Materials | 57.02 | 622% |
| IRDM | Iridium | 35.45 | 534% |
| CERE | Cerevel Therapeutics | 44.98 | 461% |
| SYM | Symbotic | 54.96 | 450% |
| OKLO | Oklo | 54.90 | 449% |
| NAMS | NewAmesterdam Pharma | 36.36 | 346% |
| TWNK | Hostess Brands | 33.32 | 342% |
| PL | Planet Labs | 34.45 | 290% |
| ROIV | Roivant Sciences | 29.49 | 285% |
| MGY | Magnolia Oil & Gas | 29.69 | 258% |
| IONQ | IonQ | 30.08 | 247% |
| OCS | Oculis | 27.12 | 223% |
| IMVT | Immunovant | 25.13 | 219% |
| LUNR | Intuitive Machines | 24.65 | 212% |
| ROIC | Retail Opportunity Investments (ROI) | 17.49 | 175% |
| DKNG | DraftKings | 22.59 | 163% |
| BWMX | Betterware | 18.30 | 151% |
| PWP | Perella Weinberg | 20.96 | 141% |
| WSC | Williams Scotsman | 19.18 | 130% |
| MIR | Mirion Technologies | 19.33 | 113% |
| SOFI | SoFi | 17.09 | 85% |
| MLTX | MoonLake Immunotherapeutics | 18.48 | 85% |
| IMXI | Intermex Wire Transfer | 15.86 | 80% |