Summary of SPACs
| # | Proceeds $M | |
|---|---|---|
| SPACs seeking acquisition | 209 | 45,996 |
| SPAC announced acquisition | 94 | 14,852 |
| SPACs completed acquisition | 806 | 187,608 |
| SPACs liquidated | 520 | 136,681 |
| Total | 1,629 | 385,137 |
| SPAC IPO pipeline | 78 | 10,086 |
SPAC and US IPO Activity
| Year | SPAC IPOs | US IPOs | SPAC % | SPAC Proceeds $M | US IPO Proceeds $M | SPAC % |
|---|---|---|---|---|---|---|
| 2026 | 61 | 68 | 90% | 12,825 | 15,728 | 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 | 1,629 | 385,137 |
* IPOs greater than $40M, excludes direct listings.
Recent SPAC IPO Performance
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| IPFXU | Inflection Point VI | 10.12 | 1.2% |
| FMACU | Future Money | 9.97 | -0.3% |
| QADRU | QDRO | 9.91 | -0.9% |
| BWIV/U | Blue Water IV | 9.92 | -0.8% |
| BHAVU | BHAV | 9.97 | -0.3% |
| MTAL/U | Metals II | 10.09 | 0.9% |
| PONOU | PONO Capital 4 | 9.98 | -0.2% |
| SUMAU | SUMA | 10.00 | 0.0% |
| GLED/U | GalaxyEdge / LOI Rongcheng Group | 10.01 | 0.1% |
| KCAC/U | Kensington Capital VI | 10.01 | 0.1% |
| ILLUU | Illumination | 9.92 | -0.8% |
| TRAD/U | Apex Tech | 10.01 | 0.1% |
| FVAV | Fortress Value V | 10.04 | 0.4% |
| TRGSU | TRG Latin America | 10.00 | 0.0% |
| MZYX/U | MOZAYYX | 9.95 | -0.5% |
| CTAAU | ClearThink | 9.97 | -0.3% |
| AACOU | Abony | 9.94 | -0.6% |
Top Performing SPACs
| Symbol | Name | Price | Unit Return |
|---|---|---|---|
| PRIM | Primoris | 134.40 | 3197% |
| VRT | Vertiv | 230.00 | 2928% |
| LMB | Limbach Holdings | 77.41 | 1081% |
| ASTS | AST SpaceMobile | 75.47 | 975% |
| TGLS | Tecnoglass | 43.14 | 683% |
| BLBD | Blue Bird | 55.61 | 677% |
| RKLB | Rocket Lab | 58.98 | 648% |
| MP | MP Materials | 46.43 | 481% |
| CERE | Cerevel Therapeutics | 44.98 | 461% |
| SYM | Symbotic | 48.17 | 382% |
| IRDM | Iridium | 27.00 | 365% |
| OKLO | Oklo | 46.31 | 363% |
| TWNK | Hostess Brands | 33.32 | 342% |
| MGY | Magnolia Oil & Gas | 32.43 | 294% |
| NAMS | NewAmesterdam Pharma | 29.50 | 255% |
| ROIV | Roivant Sciences | 25.35 | 223% |
| IONQ | IonQ | 27.10 | 210% |
| OCS | Oculis | 24.84 | 193% |
| IMVT | Immunovant | 22.39 | 178% |
| ROIC | Retail Opportunity Investments (ROI) | 17.49 | 175% |
| DKNG | DraftKings | 21.08 | 143% |
| BWMX | Betterware | 16.64 | 118% |
| SOC | Sable Offshore | 18.24 | 116% |
| PWP | Perella Weinberg | 17.92 | 101% |
| WSC | Williams Scotsman | 16.81 | 95% |
| MIR | Mirion Technologies | 17.68 | 92% |
| IMXI | Intermex Wire Transfer | 15.80 | 80% |
| MLTX | MoonLake Immunotherapeutics | 17.01 | 70% |
| SOFI | SoFi | 15.39 | 64% |
| SMPL | Simply Good Foods | 14.65 | 57% |