An In-Depth Look at SPAC Activity Throughout the Full Year of 2022
Below is a summary of the 2022 SPAC market.
By all counts, the number of SPAC IPOs in 2021, at 613, was a high water mark not likely to be seen again in future years. And while the 2022 count was considerably less at 86, it still represents a significant amount when taking into account that only three years ago, in 2019, SPACs had a record year pricing just 59 SPACs. However, of those 86 2022 IPOs, 70 of them were priced in the first half of the year with only 16 coming in the second half. It was a challenging year in total, but the second half proved to be especially difficult.
Read on for the the full-year 2022 review before heading into Q1 and beyond.
At the SPAC of Dawn Today is a half-day for the US markets, but that rarely equates to half as much activity in SPACs. Teams frequently like to tuck deal announcements and less-than-positive corporate actions into portions of the calendar just before a holiday. But, with the minutes from the Fed’s June meetings coming out...
With June wrapping up, legacy SPACs have continued to need to approve additional time for their business combinations, while at the same time, new deals have paved the way for the future. The amount of funds that could be left in the trust account is unknown territory for newly issued SPACs, but these fresh starts...
Eureka Acquisition Corp announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EURKU”, Tuesday, July 2, 2024. The new SPAC aims to combine with a target in Asia utilizing the team’s established deal-sourcing network among private equity and venture capital firms in...
At the SPAC of Dawn SPACs jumped into show business in a big way this year with Screaming Eagle‘s combination with Lionsgate Studios (NASDAQ:LION). But, they had already been active in the music scene listing companies like Middle Eastern music streamer Anghami (NASDAQ:ANGH), music portfolio investor Reservoir (NASDAQ:RSVR) and ticket seller Vivid Seats (NASDAQ:SEAT). But,...
June finished the half strong for the SPAC market, which was capped off by Cayson (NASDAQ:CAPNU) and Calisa (NASDAQ:ALISU) each filing for $60 million IPOs with EarlyBirdCapital underwriting on the last trading day of the month. These two have been grouped together here due to the great number of similarities they bear in their terms....