SPAC IPO Transactions Statistics

SPAC IPO Transactions: Summary by Year

For complete profiles on each individual SPAC IPO, please visit the SPAC Profiles page and click on a name.

Year	IPO Count	Gross Proceeds(mms)	Average IPO Size(mms)
2009	1	36.0	36.0
2010	7	502.5	71.8
2011	15	1,081.5	72.1
2012	9	490.5	54.5
2013	10	1,455.3	145.5
2014	12	1,749.8	145.8
2015	20	3,902.5	195.1
2016	13	3,499.2	269.2
2017	34	10,048.5	295.5
2018	46	10,751.9	233.7
2019	59	13,608.3	230.6
2020	248	83,379.3	336.2
2021	613	162,502.6	265.1
2022	86	13,430.7	156.2
2023	31	3,848.0	124.1
2024	57	9,616.5	168.7
2025	1	200.0	200.0
	Total 1,262	Total 320,103.0

SPAC IPO Terms Tracker

(Tracks positive or net changes to terms for SPACS that have yet to IPO using a baseline of 50. Above 50 = terms are loosening. Below 50 = terms are tightening)

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SPAC Yield-to-Maturity Tracker

(Tracks weekly Median Yield-to-Maturity (YTM) for the category “SPAC Currently Searching for Targets”)

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SPAC Status by Year of IPO

Reflects where in the deal process all SPACs that completed their IPO in a given year are currently
(updated daily).

Year	Filed for IPO	Searching	Announced	Completed	Liquidated
2009	0	0	0	1	0
2010	0	0	0	3	4
2011	0	0	0	12	3
2012	0	0	0	6	3
2013	0	0	0	8	2
2014	0	0	0	8	4
2015	0	0	0	17	3
2016	0	0	0	11	2
2017	0	0	0	31	3
2018	0	0	0	44	2
2019	0	0	0	56	3
2020	0	1	1	181	65
2021	3	26	46	227	314
2022	2	12	25	33	16
2023	1	10	15	4	2
2024	22	52	5	0	0
2025	4	1	0	0	0
	Total 32	Total 102	Total 92	Total 642	Total 426

Summary of Funds Raised

Hover over a data point to see yearly figures.

* 2021 as of: Jan 09, 2025 12:33 AM ET

Annualized Rate of Return (ARR)

NOTE: “Separated Unit” equals the total of the close price of the share + warrant + right (if applicable). Example: unit purchased at IPO = $10.00. Current close price of: the share = $9.75; the warrant = $0.60. Value of the unit post-separation = $10.35

All data is sort-able by clicking on the arrow keys (?/?) in the column headers.

Universe: SPACs Seeking a Target

Date of IPO	Name	Symbol	ROI	ARR
2024-03-26	IB Acquisition Corp.	IBAC	2.3	1.7
2022-08-09	Embrace Change Acquisition Corp. *	EMCG	16.9	4.8
2021-12-30	Aetherium Acquisition Corp. *	GMFI	10.4	2.4
2024-11-08	Willow Lane Acquisition Corp.	WLAC
2024-10-24	Bold Eagle Acquisition Corp.	BEAG	1.3	6.1
2024-11-21	CO2 Energy Transition Corp.	NOEM
2024-02-06	Legato Merger Corp. III	LEGT	4.1	4.4
2024-02-09	Helix Acquisition Corp. II	HLXB
2024-05-17	RF Acquisition Corp II	RFAI	2.8	2.8
2024-08-01	M3-Brigade Acquisition V Corp.	MBAV	1.6	1.3
2024-11-01	Newbury Street II Acquisition Corp	NTWO	0.0	-5.0
2021-12-01	Capitalworks Emerging Markets Acquisition Corp *	CMCAF	11.5	2.4
2024-08-01	AA Mission Acquisition Corp.	AAM	1.5	1.2
2024-10-24	Charlton Aria Acquisition Corporation	CHAR	0.9	1.8
2021-12-27	Arogo Capital Acquisition Corp. *	AOGO	25.3	6.9
2021-06-17	Corner Growth Acquisition Corp. 2 *	TRON	15.1	4.0
2023-10-06	Spark I Acquisition Corporation	SPKL	7.3	4.9
2024-10-22	Aldel Financial II Inc.	ALDF	0.8	-1.0
2022-05-10	Global Blockchain Acquisition Corp. *	GBBK	12.0	3.3
2024-06-11	Centurion Acquisition Corp.	ALF	1.7	3.0
2024-11-21	Dynamix Corporation	DYNX	-0.7	-8.6
2021-02-05	RMG Acquisition Corp. III *	RMGCF	-1.8	-0.5
2021-01-27	Constellation Acquisition Corp I *	CSTAF	18.1	4.3
2021-02-02	Jaws Mustang Acquisition Corporation *	JWSMF	5.2	1.3
2024-12-13	Mountain Lake Acquisition Corp.	MLAC
2023-06-14	ESH Acquisition Corp. *	ESHA	12.9	6.2
2024-12-04	Tavia Acquisition Corp.	TAVI	-97.8	-100.0
2023-07-26	Haymaker Acquisition Corp. 4	HYAC	8.4	4.4
2024-06-26	Graf Global Corp.	GRAF	1.6	2.9
2024-03-21	Black Hawk Acquisition Corporation	BKHA	13.7	15.8
2021-12-15	EVe Mobility Acquisition Corp *	EVE	12.4	2.7
2024-11-26	FACT II Acquisition Corp.	FACT	-0.3	-9.8
2024-05-02	Churchill Capital Corp IX	CCIX	5.5	8.1
2022-02-09	byNordic Acquisition Corporation *	BYNO	13.6	3.2
2024-10-11	Rising Dragon Acquisition Corp.	RDAC	1.6	2.4
2021-03-23	Newbury Street Acquisition Corporation *	NBST	15.9	4.0
2021-01-29	BlueRiver Acquisition Corp. *	BLUAF	5.3	1.3
2023-11-14	Global Lights Acquisition Corp *	GLAC	8.0	6.0
2022-03-10	Patria Latin American Opportunity Acquisition Corp. *	PLAO	15.6	3.4
-0001-11-30	Pershing Square SPARC Holdings, Ltd.
2021-12-16	Spree Acquisition Corp. 1 Limited *	SACQF	13.0	2.9
2024-08-16	SilverBox Corp IV	SBXD	1.6	1.5
2022-05-06	Cartesian Growth Corporation II *	RENE	16.1	3.7
2021-11-09	DP Cap Acquisition Corp I *	DPCS	25.1	6.2
2022-09-30	dMY Squared Technology Group, Inc. *	DMYY	7.8	2.1
2023-10-06	Quetta Acquisition Corporation *	QETA	21.4	15.0
2023-11-09	AI Transportation Acquisition Corp *	AITR	8.4	5.5
2022-03-01	Valuence Merger Corp. I *	VMCA	15.0	3.1
2021-07-20	Clover Leaf Capital Corp. *	CLOE	24.0	5.6
2024-10-08	Launch Two Acquisition Corp.	LPBB	1.0	0.0
2021-02-09	Crown PropTech Acquisitions *	CPTK	7.8	1.9
2021-08-26	Clean Energy Special Situations Corp. *	SWSS	3.9	0.6
2024-07-02	Eureka Acquisition Corp	EURK	3.6	7.0
2021-11-03	Fortune Rise Acquisition Corporation *	FRLA	11.1	2.2
2021-11-30	Canna-Global Acquisition Corp *	CNGL	6.9	1.3
2021-11-05	Mountain & Co. I Acquisition Corp. *	MCAA	13.2	2.3
2024-07-12	Launch One Acquisition Corp.	LPAA	1.3	2.7
2022-01-14	Papaya Growth Opportunity Corp. I *	PPYA	12.1	2.7
2024-08-07	EQV Ventures Acquisition Corp.	EQV	1.3	3.0
2022-04-01	Metal Sky Star Acquisition Corporation *	MSSA	25.8	8.6
2024-07-10	SIM Acquisition Corp. I	SIMA	1.3	2.5
2024-09-20	Cayson Acquisition Corp	CAPN	1.5	4.9
2024-10-11	Cohen Circle Acquisition Corp. I	CCIR	-98.0	-100.0
2021-12-15	Investcorp Europe Acquisition Corp I *	IVCBF	15.9	3.7
2024-11-01	Bleichroeder Acquisition Corp. I	BACQ	-1.2	-6.0
2023-01-13	Israel Acquisitions Corp *	ISRL	13.0	4.4
2021-01-15	OCA Acquisition Corp. *	OCAX	14.3	2.7
2021-12-15	Pearl Holdings Acquisition Corp *	PRLH	12.8	2.8
2024-09-06	Vine Hill Capital Investment Corp.	VCIC	1.1	0.4
2024-12-05	Shepherd Ave Capital Acquisition Corporation	SPHA
2021-09-10	Future Health ESG Corp. *	FHLT	9.8	2.6
2024-05-09	GP-Act III Acquisition Corp.	GPAT	2.2	3.3
2021-07-29	International Media Acquisition Corp. *	IMAQ	12.0	3.3
2025-01-07	Cantor Equity Partners I, Inc.	CEPO
2024-12-13	Roman DBDR Acquisition Corp. II	DRDB
2024-10-24	Oaktree Acquisition Corp. III Life Sciences	OACC	1.5	7.1
2024-06-12	Perceptive Capital Solutions Corp	PCSC
2024-08-29	GigCapital7 Corp.	GIG	0.7	2.0
2024-08-09	Voyager Acquisition Corp.	VACH	1.7	1.8
2021-11-24	Everest Consolidator Acquisition Corporation *	MNTN	16.0	3.7
2024-11-08	A SPAC III Acquisition Corp.	ASPC	-0.3	-1.7
2023-05-05	Alchemy Investments Acquisition Corp 1 *	ALCY	10.5	4.4
2024-11-07	GSR III Acquisition Corp.	GSRT	-1.0	-5.5
2021-12-01	TLGY Acquisition Corporation *	TLGYF	16.5	3.9
2024-06-18	Melar Acquisition Corp. I	MACI	1.7	2.9
2024-08-13	Cantor Equity Partners, Inc.	CEP
2024-12-10	Jackson Acquisition Company II	JACS
2024-07-25	DT Cloud Star Acquisition Corporation	DTSQ	2.3	5.0
2024-11-15	Horizon Space Acquisition II Corp.	HSPT
2024-08-16	HCM II Acquisition Corp.	HOND	0.9	-0.3
2021-03-12	BPGC Acquisition Corp. *	ROSS	11.1	2.8
2023-07-14	Nabors Energy Transition Corp. II	NETD	8.8	4.5
2024-12-20	Range Capital Acquisition Corp.	RANG
2024-09-18	YHN Acquisition I Limited	YHNA	1.5	1.6
2020-12-17	Corner Growth Acquisition Corp. *	COOL	11.7	2.8
2023-04-21	Ares Acquisition Corporation II	AACT	10.2	4.7
2024-12-23	Translational Development Acquisition Corp.	TDAC	-93.6	-100.0
2024-08-28	Black Spade Acquisition II Co	BSII	1.0	2.7
2024-09-06	Andretti Acquisition Corp. II	POLE	0.9	-0.1
2024-06-18	Lionheart Holdings	CUB	1.8	3.1
2022-05-03	A SPAC II Acquisition Corp. *	ASCBF	10.0	2.4
2022-02-11	Relativity Acquisition Corp. *	RACY	22.4	6.0
2022-10-13	Spring Valley Acquisition Corp. II *	SVII	13.2	3.6

* Extended Deadline
1 – All ROIs and ARRs calculated using closing prices.
2 – IPO value = $10.00
3 – ARRs for SPACs less than one year from IPO date are considered “projecting” and only provided as a reference.

Universe: SPACs Announced an Acquisition

Date of IPO	Name	Symbol	ROI	ARR
2022-12-22	Horizon Space Acquisition I Corp. *	HSPO	20.0	7.7
2022-01-11	Broad Capital Acquisition Corp *	BRAC	18.7	5.3
2022-03-24	RF Acquisition Corp. *	RFAC	16.3	4.9
2023-12-15	Bayview Acquisition Corp *	BAYA	8.9	8.3
2021-10-29	Cactus Acquisition Corp. 1 Limited *	CCTSF	16.0	3.6
2021-12-13	BurTech Acquisition Corp. *	BRKH	33.1	8.9
2023-11-09	Agriculture & Natural Solutions Acquisition Corporation	ANSC	6.2	5.3
2024-09-12	Future Vision II Acquisition Corp.	FVN	1.6	1.8
2021-12-09	Inception Growth Acquisition Limited *	IGTA	11.1	2.9
2022-03-17	Goldenstone Acquisition Limited *	GDST	14.4	3.9
2024-01-19	JVSPAC Acquisition Corp.	JVSA	7.5	7.6
2021-12-15	Battery Future Acquisition Corp. *	BFACF	11.2	2.3
2021-05-05	Maquia Capital Acquisition Corporation *	MAQC	12.6	2.5
2023-12-27	Iron Horse Acquisitions Corp. *	IROH	7.2	6.9
2021-09-10	Bannix Acquisition Corp. *	BNIX	14.2	3.5
2021-12-28	Welsbach Technology Metals Acquisition Corp. *	WTMA	25.0	7.6
2022-09-20	Global Star Acquisition, Inc. *	GLST	21.2	6.8
2021-10-05	Focus Impact BH3 Acquisition Company *	BHAC	2.4	0.1
2021-09-15	WinVest Acquisition Corp. *	WINV	30.3	7.8
2021-07-21	Perception Capital Corp. III *	PFTA	7.7	2.1
2021-07-30	Zalatoris II Acquisition Corp. *	ZLSSF	8.5	2.4
2022-01-20	DUET Acquisition Corp. *	DUET	13.3	3.4
2021-10-07	IX Acquisition Corp. *	IXAQF	15.6	4.3
2021-12-20	NorthView Acquisition Corporation *	NVAC	17.0	4.7
2024-02-21	DT Cloud Acquisition Corporation *	DYCQ	6.5	6.2
2021-03-05	Iris Acquisition Corp. *	IRAA	12.3	3.0
2021-12-09	Integrated Wellness Acquisition Corp *	WELNF	17.9	4.3
2022-01-18	Technology & Telecommunication Acquisition Corporation *	TETE	23.0	6.3
2024-06-18	Flag Ship Acquisition Corporation *	FSHP	2.8	5.0
2021-12-10	Zalatoris Acquisition Corp. *	TCOA	5.9	1.3
2021-12-09	Target Global Acquisition I Corp. *	TGAAF	13.0	2.9
2022-04-26	Aimfinity Investment Corp. I *	AIMBU	20.7	5.9
2022-01-25	Chenghe Acquisition I Co. *	LATG	-9.8	-4.8
2021-11-12	Integrated Rail and Resources Acquisition Corp. *	IRRX	1.1	-0.3
2021-09-01	Concord Acquisition Corp II *	CNDA	4.7	1.4
2023-06-28	Bukit Jalil Global Acquisition 1 Ltd. *	BUJA	12.8	6.3
2021-02-11	Goal Acquisitions Corp. *	PUCK	10.2	2.5
2021-07-28	Plum Acquisition Corp. III *	PLMJ	12.1	3.4
2021-12-10	Healthcare AI Acquisition Corp. *	HAIAF	15.3	3.6
2022-05-10	Investcorp AI Acquisition Corp *	IVCA	17.2	4.1
2022-12-20	AlphaVest Acquisition Corp *	ATMV	14.5	5.0
2021-09-24	Direct Selling Acquisition Corp. *	DSAQ	12.3	2.5
2021-10-27	Pyrophyte Acquisition Corp. *	PHYTF	13.6	2.7
2022-01-12	Western Acquisition Ventures Corp. *	WAVS	21.9	6.2
2023-11-21	Colombier Acquisition Corp. II	CLBR	11.9	10.4
2021-08-12	PHP Ventures Acquisition Corp. *	PPHP	12.0	2.8
2022-06-24	SK Growth Opportunities Corporation *	SKGR	17.8	4.9
2021-12-07	Globalink Investment Inc. *	GLLI	17.3	4.4
2023-03-24	Oak Woods Acquisition Corporation *	OAKU	15.5	6.5
2021-12-13	Alpha Star Acquisition Corporation *	ALSAF	23.5	7.1
2022-01-13	CSLM Acquisition Corp. *	CSLM	19.3	5.5
2021-12-14	Kairous Acquisition Corp. Limited *	KACLF	25.6	7.1
2022-04-28	ClimateRock *	CLRC	18.9	5.6
2023-12-04	Aimei Health Technology Co., Ltd. *	AFJK	9.1	6.4
2021-12-21	Sagaliam Acquisition Corp. *	SAGA	9.0	2.2
2023-05-02	Golden Star Acquisition Corporation *	GODN	15.3	7.6
2021-02-23	Slam Corp. *	SLAMF	14.0	3.4
2022-01-05	Cartica Acquisition Corp *	CITE	18.7	4.1
2022-02-18	PowerUp Acquisition Corp. *	PWUP	13.8	3.0
2023-07-25	Keen Vision Acquisition Corporation *	KVAC	10.5	5.4
2021-11-05	Rigel Resource Acquisition Corp. *	RRACF	16.0	3.7
2021-10-29	AltEnergy Acquisition Corp. *	AEAE	10.4	2.0
2023-03-17	Four Leaf Acquisition Corporation *	FORL	10.5	2.6
2022-10-04	Aquaron Acquisition Corp. *	AQU	21.3	7.7
2021-11-04	Finnovate Acquisition Corp *	FNVTF	16.3	3.7
2021-09-29	Hennessy Capital Investment Corp. VI *	HCVI	6.6	2.0
2023-03-29	Trailblazer Merger Corporation I *	TBMC	12.8	4.9
2022-04-13	Aura FAT Projects Acquisition Corp *	AFAR	16.4	4.4
2022-02-09	Evergreen Corporation *	EVGR	18.7	5.1
2021-10-01	Marblegate Acquisition Corp. *	GATE	8.7	2.3
2021-11-10	Perception Capital Corp. IV *	RCFAF	14.5	3.2
2021-10-15	Compass Digital Acquisition Corp. *	CDAQF	8.5	2.6
2022-02-16	FutureTech II Acquisition Corp. *	FTII	21.8	5.8
2023-05-25	Inflection Point Acquisition Corp. II *	IPXX	27.8	15.6
2021-12-10	Athena Technology Acquisition Corp. II *	ATEK	-88.1	-52.7
2021-12-07	APx Acquisition Corp. I *	APXIF	0.3	-1.2
2022-04-07	Denali Capital Acquisition Corp. *	DECA	18.7	5.1
2021-11-12	Mountain Crest Acquisition Corp. V *	MCAG	13.5	4.1
2022-10-14	Hudson Acquisition I Corp. *	HUDA	27.0	10.1
2021-12-10	Southport Acquisition Corporation *	PORT	12.1	2.6
2022-04-20	Yotta Acquisition Corporation *	YOTA	14.3	5.0
2021-11-10	Chain Bridge I *	CBRRF	9.8	1.8
2023-02-15	Distoken Acquisition Corporation *	DIST	13.0	4.7
2021-11-17	ShoulderUp Technology Acquisition Corp. *	SUAC	7.8	1.2
2023-02-10	Bellevue Life Sciences Acquisition Corp. *	BLAC	15.0	5.9
2020-11-23	Breeze Holdings Acquisition Corp. *	BRZH	9.1	1.5
2021-12-16	FTAC Emerald Acquisition Corp. *	FLDD	16.1	4.4
2022-12-30	AlphaTime Acquisition Corp *	ATMC	14.9	5.4
2023-07-12	Bowen Acquisition Corp *	BOWN	11.2	6.0
2021-11-03	Integral Acquisition Corporation 1 *	INTE	14.6	3.5
2024-06-07	Chenghe Acquisition II Co.	CHEB	1.3	2.1
2021-02-02	Northern Revival Acquisition Corporation *	NRAC	10.2	2.5

* Extended Deadline
1 – All ROIs and ARRs calculated using closing prices.
2 – IPO value = $10.00

SPAC Statistics