SPAC 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.

YearIPO
Count
Gross
Proceeds
(mms)
Average
IPO Size
(mms)
201833$8,222.5$249.2
201734$10,047.7$295.5
201613$3,499.2$269.2

 *   Includes over-allotment proceeds
**  Last updated September 23, 2018 9:15AM ET


Summary of Funds Raised

Hover over a data point to see yearly figures.

 *  2018: as of September 23, 2018 9:15AM ET


SPACs Seeking a Target/Announced:  Share Price vs. Time Left to Complete (Years)

* Updated daily


Redemption / Conversion Prices

Note:  The data below is from the most recent 8-K or proxy statements.  The price is subject to change until the final definitive proxy statement prior to the record date.

 Date
of
IPO
Proceeds in Trust at IPO
($mm)
Current Cash Held in Trust
($mm)
Current
Pro Rata
Per Share
of Trust
Extended Completion Deadlines
Barington/Hilco Acquisition Corp.May 5, 2015$42.9$6.8$10.7512
Announced Transaction: Disclosed
Avista Healthcare Public Acquisition Corp.October 11, 2016$310.0$315.8$10.199
Bison Capital Acquisition Corp.June 19, 2017$61.9$62.9$10.4218
Constellation Alpha Capital Corp.June 19, 2017$145.2$147.0$10.221
Draper Oakwood Technology Acquisition, Inc.September 14, 2017$57.5$59.0$10.2616
Easterly Acquisition Corp.July 29, 2015$200.0$148.0$10.414
Federal Street Acquisition Corp.July 18, 2017$460.0$464.1$10.098
Gores Holdings II, Inc.January 12, 2017$400.0$404.6$10.1214
Hennessy Capital Acquisition Corp. IIIJune 22, 2017$259.2$261.5$10.2313
I-AM Capital Acquisition CompanyAugust 16, 2017$52.0$52.9$10.215
Jensyn Acquisition Corp.March 2, 2016$40.4$7.9$10.856
Kayne Anderson Acquisition Corp.March 29, 2017$377.3$380.7$10.097
Landcadia Holdings, Inc.May 25, 2016$250.0$235.8$10.133
Matlin & Partners Acquisition Corp.March 9, 2017$325.0$328.3$10.1010
Saban Capital Acquisition Corp.September 15, 2016$250.0$217.015$10.1915
Stellar Acquisition III Inc.August 8, 2016$71.6$37.2$10.482
Liquidating
---------------
Announced Transaction: Not Disclosed
GTY Technology Holdings Inc.October 26, 2016$552.0$561.119ND
Industrea Acquisition Corp.July 26, 2017$234.6$236.717ND

1 – As of Preliminary Proxy filed 8/23/18
2 – As of Definitive Proxy filed 8/6/18

3 – As of Preliminary Proxy filed 8/31/18

4 – As of Preliminary Proxy filed (under Sirius International) 9/10/18

5 – As of 8-K filed 8/14/18

6 – As of Definitive Proxy filed 8/21/18
7 – As of Preliminary Proxy filed 8/27/18
8 – As of Preliminary Proxy filed 8/23/18

9 – As of Definitive Proxy filed 9/12/18

10 – As of  Preliminary Proxy filed 9/13/18

11 – As of Preliminary Proxy filed 7/16/18. Cash in Trust as of 10-Q filed 8/10/18

12 – As of 8-K filed 7/9/18

13 – As of Preliminary Proxy filed 9/21/18
14 – As of Preliminary Proxy filed 9/17/18
15 – As of 8-k filed 9/21/18. Cash in Trust estimated post-redemptions
16 – As of Investor Presentation filed 9/5/18

17 – As of 10-Q filed 8/13/2018

18 – As of Investor Presentation filed 9/19/18
19 – As of 10-Q filed 8/9/18
** Source: SEC.gov


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 (Δ∇) in the column headers.

Universe: SPACs Seeking a Target
Date of IPONameSymbolROI
Separated Unit
(IPO
Value)
ARR
Separated Unit
(IPO
Value)
2-Aug-2018Tottenham
TOTA-2.1%-23.5%
25-Jul-2018Greenland
GLAC-2.2%-19.5%
3-Jul-2018Allegro
ALGR-0.5%-3.2%
28-Jun-2018HL AcquisitionsHCCH0.1%0.6%
28-Jun-2018New FrontierNFC2.4%14.5%
20-Jun-2018Twelve SeasTWLV-0.4%-1.8%
20-Jun-2018LF CapitalLFAC2.0%10.6%
19-Jun-2018Thunder BridgeTBRG2.2%11.5%
12-Jun-2018Far PointFPAC2.7%12.8%
8-Jun-2018GS AcquisitionGSAH3.6%16.8%
29-May-2018TridentTDAC1.6%6.4%
16-May-2018VectoIQVTIQ1.9%6.6%
15-May-2018
TrinityTMCX2.2%7.6%
12-Apr-2018PurePACQ3.5%9.3%
15-Mar-2018
Tiberius
TIBR3.6%
7.9%
13-Mar-2018
Opes
OPES2.2%
4.8%
27-Feb-2018
Union
LTN1.3%
2.5%
16-Feb-2018
DFB Healthcare
DFBH2.4%4.5%
12-Feb-2018
Leo HoldingsLHC3.1%
5.6%
7-Feb-2018
Mudrick Capital
MUDS
4.1%
7.4%
29-Jan-2018
MTech
MTEC9.5%
16.7%
24-Jan-2018
Gordon Pointe
GPAQ4.2%
7.1%
17-Jan-2018
One MadisonOMAD3.1%
5.0%
11-Jan-2018
Platinum Eagle
EAGL2.7%
4.2%
9-Jan-2018
NebulaNEBU1.8%
2.9%
7-Dec-2017
GigCapital, Inc.
GIG3.3%4.6%
1-Dec-2017
Leisure
LACQ2.6%
3.5%
30-Nov-2017
Regalwood Global Energy
RWGE
3.3%
4.4%
20-Nov-2017
Big Rock Partners
BRPA4.0%
5.2%
16-Nov-2017
Legacy
LGC1.5%
1.9%
2-Nov-2017
Sentinel Energy
STNL2.1%
2.5%
25-Oct-2017
CM Seven Star
CMSS3.0%
3.5%
24-Oct-2017
Haymaker
HYAC3.0%
3.5%
18-Oct-2017
MosaicMOSC2.2%
2.6%
4-Oct-2017
Black RidgeBRAC3.7%
4.1%
14-Sep-2017
Draper Oakwood Technology
DOTA5.1%5.3%
13-Sep-2017
Social Capital Hedosophia
IPOA5.1%
5.3%
15-Aug-2017
Capitol Investment
CIC3.6%
3.4%
27-Jul-2017
Pensare
WRLS2.0%1.8%
26-Jul-2017
Industrea
INDU5.7%
5.2%
27-Jun-2017
TPG Pace Holdings
TPGH5.8%
4.9%
19-Jun-2017
Bison Capital
BCAC4.4%
3.6%
1-Jun-2017
KBL Merger Co. IV
KBLM3.1%
2.5%
11-May-2017
Modern Media
MMDM4.4%3.3%
10-Apr-2017
Vantage Energy
VEAC4.8%
3.4%
18-Nov-2016
Hunter Maritime
HUNT0.2%
0.1%
26-Oct-2016
GTY Technology
GTYH5.1%
2.7%
15-Sep-2016
Saban Capital
SCAC
8.9%4.4%
5-May-2015
Barington/Hilco
BHAC8.1%2.4%
High9.5%16.8%
Average3.1%4.1%
Median3.0%4.4%
Low-2.2%-23.5%

 *   All ROIs and ARRs calculated using closing prices as of August 31, 2018.  Data updated monthly.
**  IPO value = $10.00
*** 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 IPONameSymbolROI
Separated Unit
(IPO
Value)
ARR
Separated Unit
(IPO
Value)
16-Aug-2017I-AMIAMX8.0%7.6%
18-Jul-2017Federal StreetFSAC9.0%8.0%
22-Jun-2017Hennessy Capital IIHCAC10.3%8.5%
19-Jun-2017Constellation AlphaCNAC4.4%3.6%
29-Mar-2017Kayne AndersonKAAC7.9%5.5%
9-Mar-2017Matlin & PartnersMPAC7.9%5.3%
12-Jan-2017Gores Holdings IIGSHT9.7%5.8%
11-Oct-2016AvistaAHPA2.1%1.1%
18-Aug-2016StellarSTLR6.9%3.3%
25-May-2016LandcadiaLCA10.7%4.6%
2-Mar-2016Jensyn
JSYN9.7%3.8%
29-Jul-2015EasterlyEACQ9.8%3.1%
High10.7%8.5%
Average8.0%5.0%
Median8.5%4.9%
Low2.1%1.1%

 *   All  ROIs and ARRs calculated using closing prices as of August 31, 2018.  Data updated monthly.
**  IPO value = $10.00