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	9,646.5	169.2
2025	44	9,096.2	206.7
	Total 1,305	Total 329,029.2

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	0	21	41	232	319
2022	2	9	20	39	18
2023	0	7	14	8	2
2024	9	41	16	0	0
2025	29	44	0	0	0
	Total 40	Total 123	Total 92	Total 657	Total 433

Summary of Funds Raised

Hover over a data point to see yearly figures.

* 2021 as of: May 15, 2025 1:33 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	4.4	2.9
2025-02-05	K&F Growth Acquisition Corp. II	KFII	2.1	4.0
2021-12-30	Aetherium Acquisition Corp. *	GMFI	10.4	2.2
2022-01-11	Broad Capital Acquisition Corp *	BRAC	18.5	4.7
2025-02-28	Fifth Era Acquisition Corp I	FERA	1.8	9.0
2025-05-02	Cartesian Growth Corporation III	CGCT
2024-11-08	Willow Lane Acquisition Corp.	WLAC	1.0	0.8
2024-10-24	Bold Eagle Acquisition Corp.	BEAG	9.0	16.6
2024-11-21	CO2 Energy Transition Corp.	NOEM	2.6	5.4
2025-04-24	New Providence Acquisition Corp. III	NPAC
2024-02-06	Legato Merger Corp. III	LEGT	7.2	5.6
2023-11-09	Agriculture & Natural Solutions Acquisition Corporation	ANSC	8.4	5.5
2024-05-17	RF Acquisition Corp II	RFAI	5.1	4.2
2025-05-02	Cantor Equity Partners II, Inc.	CEPT
2025-05-13	Perimeter Acquisition Corp. I	PMTR
2025-04-30	Berto Acquisition Corp.	TACO
2024-08-01	M3-Brigade Acquisition V Corp.	MBAV	6.3	6.7
2024-11-01	Newbury Street II Acquisition Corp	NTWO	2.5	2.8
2025-02-11	Archimedes Tech SPAC Partners II Co.	ATII	2.2	4.6
2021-12-01	Piermont Valley Acquisition Corp. *	CMCAF	13.5	2.7
2024-08-01	AA Mission Acquisition Corp.	AAM	4.0	3.8
2024-10-24	Charlton Aria Acquisition Corporation	CHAR	3.7	5.7
2021-06-17	Corner Growth Acquisition Corp. 2 *	TRON	15.1	3.7
2023-10-06	Spark I Acquisition Corporation	SPKL	9.8	5.4
2024-10-22	Aldel Financial II Inc.	ALDF	6.1	9.2
2025-01-15	Plum Acquisition Corp. IV	PLMK	2.5	1.4
2024-06-11	Centurion Acquisition Corp.	ALF	7.0	7.5
2024-11-21	Dynamix Corporation	DYNX	2.2	3.5
2021-02-05	RMG Acquisition Corp. III *	RMGCF	-1.8	-0.4
2021-01-27	Constellation Acquisition Corp I *	CSTAF	23.2	5.0
2021-02-02	Jaws Mustang Acquisition Corporation *	JWSMF	0.3	0.1
2024-12-13	Mountain Lake Acquisition Corp.	MLAC	3.6	6.2
2023-06-14	ESH Acquisition Corp. *	ESHA	10.4	3.8
2024-12-04	Tavia Acquisition Corp.	TAVI	3.3	5.1
2025-01-15	Ribbon Acquisition Corp	RIBB	2.4	7.4
2025-04-29	Digital Asset Acquisition Corp.	DAAQ
2023-07-26	Haymaker Acquisition Corp. 4	HYAC	11.4	5.1
2024-06-26	Graf Global Corp.	GRAF	4.6	5.2
2025-04-23	Texas Ventures Acquisition III Corp	TVA
2025-05-14	Churchill Capital Corp X	CCCX
2021-12-15	EVe Mobility Acquisition Corp *	EVE	12.4	2.4
2024-11-26	FACT II Acquisition Corp.	FACT	2.5	3.3
2024-05-02	Churchill Capital Corp IX	CCIX	16.1	15.4
2025-05-15	Renatus Tactical Acquisition Corp I	RTAC
2025-01-29	FG Merger II Corp.	FGMC	-0.5	-8.1
2022-02-09	byNordic Acquisition Corporation *	BYNO	19.5	4.5
2021-03-23	Newbury Street Acquisition Corporation *	NBST	21.9	4.9
2021-01-29	BlueRiver Acquisition Corp. *	BLUAF	0.3	0.1
2023-11-14	Global Lights Acquisition Corp *	GLACF	10.3	6.1
2022-03-10	Patria Latin American Opportunity Acquisition Corp. *	PLAO	17.6	3.6
-0001-11-30	Pershing Square SPARC Holdings, Ltd.
2025-02-13	Maywood Acquisition Corp.	MAYA	2.3	9.3
2021-12-16	Spree Acquisition Corp. 1 Limited *	SACQF	0.2	-1.1
2024-08-16	SilverBox Corp IV	SBXD	5.2	5.7
2022-05-06	Cartesian Growth Corporation II *	RENEF	16.9	3.6
2025-01-28	Drugs Made In America Acquisition Corp.	DMAA	2.4	4.7
2021-11-09	DP Cap Acquisition Corp I *	DPCS	25.1	5.6
2022-09-30	dMY Squared Technology Group, Inc. *	DMYY	42.9	13.6
2025-03-31	UY Scuti Acquisition Corp.	UYSC
2025-05-15	Thayer Ventures Acquisition Corporation II	TVAI
2023-11-09	AI Transportation Acquisition Corp *	AITR	11.3	6.0
2022-03-01	Valuence Merger Corp. I *	VMCAF	18.9	3.9
2025-05-02	Gores Holdings X, Inc.	GTEN
2024-10-08	Launch Two Acquisition Corp.	LPBB	5.0	6.7
2025-02-13	Artius II Acquisition Inc.	AACB	2.5	10.0
2025-05-16	Columbus Circle Capital Corp I	CCCM
2021-02-09	Crown PropTech Acquisitions *	CPTK	7.8	1.8
2025-04-25	Crane Harbor Acquisition Corp.	CHAC
2021-08-26	Clean Energy Special Situations Corp. *	SWSS	6.9	1.3
2025-01-23	Columbus Acquisition Corp	COLA	2.6	8.6
2024-07-02	Eureka Acquisition Corp	EURK	5.8	6.7
2025-01-30	Stellar V Capital Corp.	SVCC	2.0	2.2
2021-11-30	Canna-Global Acquisition Corp *	CNGL	7.2	1.2
2021-11-05	Mountain & Co. I Acquisition Corp. *	MCAA	13.2	2.0
2024-07-12	Launch One Acquisition Corp.	LPAA	4.2	5.0
2024-08-07	EQV Ventures Acquisition Corp.	EQV	4.4	5.7
2022-04-01	Metal Sky Star Acquisition Corporation *	MSSAF	16.1	4.9
2024-07-10	SIM Acquisition Corp. I	SIMA	4.2	4.9
2024-09-20	Cayson Acquisition Corp	CAPN	3.7	5.6
2025-04-29	Real Asset Acquisition Corp.	RAAQ
2021-12-15	Investcorp Europe Acquisition Corp I *	IVCBF	10.7	2.0
2024-11-01	Bleichroeder Acquisition Corp. I	BACQ	4.2	7.9
2025-04-01	Siddhi Acquisition Corp	SDHI
2021-12-15	Pearl Holdings Acquisition Corp *	PRLH	12.8	2.5
2024-09-06	Vine Hill Capital Investment Corp.	VCIC	4.1	4.5
2025-05-09	EGH Acquisition Corp.	EGHA
2024-12-05	Aifeex Nexus Acquisition Corporation	AIFE	3.7	8.5
2024-05-09	GP-Act III Acquisition Corp.	GPAT	6.2	6.0
2025-01-07	Cantor Equity Partners I, Inc.	CEPO
2024-12-13	Roman DBDR Acquisition Corp. II	DRDB	3.8	6.6
2025-01-17	Hennessy Capital Investment Corp. VII	HVII	2.7	8.4
2025-04-30	Lakeshore Acquisition III Corp.	LCCC
2025-03-21	Gesher Acquisition Corp. II	GSHR	1.1	3.2
2024-10-24	Oaktree Acquisition Corp. III Life Sciences	OACC	6.3	11.5
2024-06-12	Perceptive Capital Solutions Corp	PCSC
2024-08-29	GigCapital7 Corp.	GIG	3.3	4.6
2025-02-28	Live Oak Acquisition Corp. V	LOKV	2.4	6.6
2025-02-28	NewHold Investment Corp III	NHIC	1.5	2.6
2021-11-24	Everest Consolidator Acquisition Corporation *	EVCO	-75.1	-36.1
2024-11-08	A SPAC III Acquisition Corp.	ASPC	3.5	6.9
2023-05-05	Alchemy Investments Acquisition Corp 1 *	ALCY	14.8	5.7
2025-03-18	Quartzsea Acquisition Corporation	QSEA
2021-12-01	TLGY Acquisition Corporation *	TLGYF	39.3	9.2
2024-06-18	Melar Acquisition Corp. I	MACI	4.2	4.6
2024-12-10	Jackson Acquisition Company II	JACS	4.2	5.1
2024-07-25	DT Cloud Star Acquisition Corporation	DTSQ	4.3	5.3
2021-11-10	Chain Bridge I *	CBRRF	14.9	3.0
2021-03-12	BPGC Acquisition Corp. *	ROSS	11.1	2.5
2024-12-20	Range Capital Acquisition Corp.	RANG	3.8	7.0
2025-05-16	Wen Acquisition Corp	WENN
2025-04-02	Sizzle Acquisition Corp. II	SZZL
2025-04-02	Soulpower Acquisition Corporation	SOUL
2020-12-17	Corner Growth Acquisition Corp. *	COOL	11.7	2.5
2025-05-01	Republic Digital Acquisition Company	RDAG
2024-12-23	Translational Development Acquisition Corp.	TDAC	2.6	1.7
2025-05-01	Copley Acquisition Corp	COPL
2025-05-07	Dune Acquisition Corporation II	IPOD
2024-09-06	Andretti Acquisition Corp. II	POLE	3.5	3.7
2024-06-18	Lionheart Holdings	CUB	5.3	5.8
2022-05-03	A SPAC II Acquisition Corp. *	ASCBF	14.1	3.4
2025-04-25	Inflection Point Acquisition Corp. III	IPCX
2025-02-27	Rithm Acquisition Corp.	RAC	1.8	8.5
2025-04-09	Titan Acquisition Corp	TACH
2022-10-13	Spring Valley Acquisition Corp. II *	SVII	17.4	4.7

* 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
2022-08-09	Embrace Change Acquisition Corp. *	EMCG	20.0	5.2
2022-12-22	Horizon Space Acquisition I Corp. *	HSPO	18.8	6.2
2023-12-15	Bayview Acquisition Corp *	BAYA	12.1	8.4
2021-10-29	Cactus Acquisition Corp. 1 Limited *	CCTSF	10.9	1.9
2024-02-09	Helix Acquisition Corp. II	HLXB
2024-09-12	Future Vision II Acquisition Corp.	FVN	3.9	4.3
2021-12-09	Inception Growth Acquisition Limited *	IGTA	24.7	6.1
2022-03-17	Goldenstone Acquisition Limited *	GDST	19.9	5.1
2024-01-19	JVSPAC Acquisition Corp. *	JVSA	10.7	8.0
2021-05-05	Maquia Capital Acquisition Corporation *	MAQC	9.7	1.6
2023-12-27	Iron Horse Acquisitions Corp. *	IROH	10.0	7.1
2021-09-10	Bannix Acquisition Corp. *	BNIX	16.2	3.7
2021-12-27	Arogo Capital Acquisition Corp. *	AOGO	5.3	0.7
2021-12-28	Welsbach Technology Metals Acquisition Corp. *	WTMA	32.3	8.6
2021-10-05	Focus Impact BH3 Acquisition Company *	BHAC	19.7	4.6
2021-09-15	WinVest Acquisition Corp. *	WINV	26.4	6.1
2021-07-21	Perception Capital Corp. III *	PFTA	7.7	2.0
2021-07-30	Zalatoris II Acquisition Corp. *	ZLSSF	5.0	1.3
2021-10-07	IX Acquisition Corp. *	IXAQF	18.7	4.6
2021-12-20	NorthView Acquisition Corporation *	NVAC	23.1	5.8
2024-02-21	DT Cloud Acquisition Corporation *	DYCQ	10.1	7.3
2021-12-09	Integrated Wellness Acquisition Corp *	WELNF	19.2	4.2
2022-01-18	Technology & Telecommunication Acquisition Corporation *	TETEF	19.6	4.7
2024-06-18	Flag Ship Acquisition Corporation *	FSHP	6.1	6.7
2021-12-09	Target Global Acquisition I Corp. *	TGAAF	15.4	3.2
2022-04-26	Aimfinity Investment Corp. I *	AIMTF	78.8	20.0
2021-11-12	Integrated Rail and Resources Acquisition Corp. *	IRRX	23.1	5.6
2021-09-01	Concord Acquisition Corp II *	CNDA	6.5	1.7
2021-02-11	Goal Acquisitions Corp. *	PUCK	25.2	5.4
2021-07-28	Plum Acquisition Corp. III *	PLMJF	9.9	2.5
2024-03-21	Black Hawk Acquisition Corporation	BKHA	24.9	20.3
2021-12-10	Healthcare AI Acquisition Corp. *	HAIAF	16.6	3.6
2022-05-10	Investcorp AI Acquisition Corp *	IVCAF	19.0	4.2
2022-12-20	AlphaVest Acquisition Corp *	ATMV	18.0	5.6
2024-10-11	Rising Dragon Acquisition Corp.	RDAC	4.1	5.2
2021-09-24	Direct Selling Acquisition Corp. *	DSAQ	16.5	3.3
2021-10-27	Pyrophyte Acquisition Corp. *	PHYTF	19.7	4.0
2023-11-21	Colombier Acquisition Corp. II *	CLBR	39.2	24.9
2021-08-12	PHP Ventures Acquisition Corp. *	PPHP	12.0	2.6
2021-12-07	Globalink Investment Inc. *	GLLI	14.3	3.2
2023-03-24	Oak Woods Acquisition Corporation *	OAKU	19.8	7.3
2021-12-13	Alpha Star Acquisition Corporation *	ALSAF	3.1	0.9
2023-10-06	Quetta Acquisition Corporation *	QETA	19.4	10.5
2022-01-13	CSLM Acquisition Corp. *	CSLMF	18.6	4.7
2021-12-14	Kairous Acquisition Corp. Limited *	KACLF	25.1	6.3
2022-04-28	ClimateRock *	CLRCF	21.6	5.8
2023-12-04	Aimei Health Technology Co., Ltd. *	AFJK	12.9	7.4
2021-12-21	Sagaliam Acquisition Corp. *	SAGA	9.0	2.0
2021-02-23	Slam Corp. *	SLAMF	17.5	3.9
2022-01-05	Cartica Acquisition Corp *	CRTAF	18.3	3.6
2022-01-14	Papaya Growth Opportunity Corp. I *	PPYA	8.9	1.5
2024-10-11	Cohen Circle Acquisition Corp. I	CCIR	35.7	64.7
2023-01-13	Israel Acquisitions Corp *	ISRL	24.4	8.3
2023-07-25	Keen Vision Acquisition Corporation *	KVAC	13.2	5.8
2021-11-05	Rigel Resource Acquisition Corp. *	RRACF	11.1	2.0
2021-10-29	AltEnergy Acquisition Corp. *	AEAE	15.7	3.2
2023-03-17	Four Leaf Acquisition Corporation *	FORL	13.1	3.3
2022-10-04	Aquaron Acquisition Corp. *	AQUC	17.1	5.2
2021-11-04	Finnovate Acquisition Corp *	FNVTF	9.8	1.6
2021-09-29	Hennessy Capital Investment Corp. VI *	HCVI	-11.8	-3.4
2021-07-29	International Media Acquisition Corp. *	IMAQ	2.0	0.5
2023-03-29	Trailblazer Merger Corporation I *	TBMC	21.6	7.9
2022-04-13	Aura FAT Projects Acquisition Corp *	AFAR	16.4	3.9
2022-02-09	Evergreen Corporation *	EGRVF	22.0	5.5
2021-11-10	Perception Capital Corp. IV *	RCFAF	14.3	2.9
2021-10-15	Compass Digital Acquisition Corp. *	CDAQF	11.6	3.1
2022-02-16	FutureTech II Acquisition Corp. *	FTII	16.8	3.8
2021-12-10	Athena Technology Acquisition Corp. II *	ATEK	-19.4	-6.8
2024-08-09	Voyager Acquisition Corp.	VACH	4.0	4.0
2021-12-07	APx Acquisition Corp. I *	APXIF	15.7	3.3
2022-04-07	Denali Capital Acquisition Corp. *	DNQAF	14.1	3.2
2024-11-07	GSR III Acquisition Corp.	GSRT	30.9	67.3
2021-11-12	Mountain Crest Acquisition Corp. V *	MCAG	12.1	3.3
2024-08-13	Cantor Equity Partners, Inc.	CEP
2022-10-14	Hudson Acquisition I Corp. *	HUDA	27.0	8.7
2021-12-10	Southport Acquisition Corporation *	PORT	20.2	4.5
2022-04-20	Yotta Acquisition Corporation *	YOTA	20.1	6.1
2024-11-15	Horizon Space Acquisition II Corp.	HSPT	3.8	7.7
2024-08-16	HCM II Acquisition Corp.	HOND	16.0	20.5
2023-02-15	Distoken Acquisition Corporation *	DIST	19.6	6.7
2023-07-14	Nabors Energy Transition Corp. II	NETD	12.4	5.6
2021-11-17	ShoulderUp Technology Acquisition Corp. *	SUAC	16.9	3.6
2024-09-18	YHN Acquisition I Limited	YHNA	4.0	4.6
2023-04-21	Ares Acquisition Corporation II *	AACT	17.0	7.0
2020-11-23	Breeze Holdings Acquisition Corp. *	BRZH	25.4	4.6
2024-08-28	Black Spade Acquisition II Co *	BSII	4.5	6.3
2022-12-30	AlphaTime Acquisition Corp *	ATMC	18.1	5.9
2023-07-12	Bowen Acquisition Corp *	BOWN	25.2	11.9
2021-11-03	Integral Acquisition Corporation 1 *	INTE	-38.6	-14.1
2024-06-07	Chenghe Acquisition II Co.	CHEB	5.3	5.6
2021-02-02	Northern Revival Acquisition Corporation *	NRAC	10.2	2.3
2022-02-11	Relativity Acquisition Corp. *	RACY	22.4	5.3

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

SPAC Statistics