Embarc

Underwriter

Cowen and Company

SPACs
36

Industry Breakdown

Technology25 (69.4%)
Other5 (13.9%)
Energy5 (13.9%)
Healthcare1 (2.8%)

Geographic Distribution

Delaware24
Cayman Islands8
Unknown4

Status Distribution

Failed
13
36.1%
Completed
16
44.4%
Definitive Agreement
1
2.8%
Withdrawn
6
16.7%

Market Insights

Analysis based on 36 spacs worth $8.7B in total value.

Technology
Top Industry
Delaware
Most Active State
$242M
Average Deal Size

Showing 36 SPACs

Arena Fortify Acquisition Corp.

liquidated
Location not specified•Other
IPO Size
$200M
IPO Date
Nov 11, 2021
Target
Searching
Ticker:AFAC
Status:Failed
Sponsor (Arena Fortify Sponsor)

AF Acquisition Corp.

liquidated
Location not specified•Healthcare
IPO Size
$200M
IPO Date
Mar 20, 2021
Target
Searching
Ticker:AFAQ
Status:Failed
Sponsor (AF Sponsor)

Andina Acquisition Corp. III

completed
Location not specified•Other
IPO Size
$100M
IPO Date
Jan 31, 2019
Target
Stryve
Ticker: SNAX
Ticker:ANDA
Status:Completed

Atlantic Avenue Acquisition Corp

liquidated
Location not specified•Technology
IPO Size
$250M
IPO Date
Oct 3, 2020
Target
Searching
Ticker:ASAQ
Status:Failed
Sponsor (Atlantic Avenue Partners)

Build Acquisition Corp.

liquidated
Location not specified•Technology
IPO Size
$200M
IPO Date
Mar 18, 2021
Target
Searching
Ticker:BGSX
Status:Failed
Sponsor (Build Acquisition Sponsor)Sponsor (BuildGroup)

Chain Bridge I

liquidated
Location not specified•Technology
IPO Size
$300M
IPO Date
Nov 11, 2021
Target
Searching
Ticker:CBRG
Status:Failed
Sponsor (Chain Bridge Group)Sponsor (CB Co-Investment L.L.C.)

CM Life Sciences III Inc.

completed
Location not specified•Technology
IPO Size
$400M
IPO Date
Apr 8, 2021
Target
EQRx
Ticker: EQRX
Ticker:CMLT
Status:Completed
Sponsor (CMLS Holdings)Sponsor (CMLS Holdings III)

Concord Acquisition Corp

liquidated
Location not specified•Technology
IPO Size
$200M
IPO Date
Dec 9, 2020
Target
Searching
Ticker:CND
Status:Failed
Sponsor (Concord Sponsor Group (affiliate of Atlas Merchant Capital))

Concord Acquisition Corp II

da
Location not specified•Technology
IPO Size
$250M
IPO Date
Sep 2, 2021
Target
Searching
Ticker:CNDA
Status:Definitive Agreement
Sponsor (Concord Sponsor Group II)Sponsor (Atlas Merchant Capital)

Concord Acquisition Corp III

liquidated
Location not specified•Technology
IPO Size
$250M
IPO Date
Nov 5, 2021
Target
Searching
Ticker:CNDB
Status:Failed
Sponsor (Concord Sponsor Group III)Sponsor (Atlas Merchant Capital)

DA32 Life Science Tech Acquisition Corp.

liquidated
Location not specified•Other
IPO Size
$200M
IPO Date
Jul 29, 2021
Target
Searching
Ticker:DALS
Status:Failed
Sponsor (DA32 Sponsor)

Black Dragon Acquisition Corp. I

withdrawn
Location not specified•Technology
IPO Size
$250M
IPO Date
—
Target
Searching
Ticker:DGON
Status:Withdrawn
Sponsor (Black Dragon Capital Holdings I)

DP Cap Acquisition Corp I

liquidated
Location not specified•Technology
IPO Size
$200M
IPO Date
Nov 10, 2021
Target
Searching
Ticker:DPCS
Status:Failed
Sponsor (DP Investment Management Sponsor I)Sponsor (Data Point Capital)

Denham Sustainable Performance Acquisition Corp.

withdrawn
Location not specified•Technology
IPO Size
$200M
IPO Date
—
Target
Searching
Ticker:DSPQ
Status:Withdrawn
Sponsor (Denham SPAC Sponsor I)

890 5th Avenue Partners, Inc.

completed
Location not specified•Technology
IPO Size
$250M
IPO Date
Jan 13, 2021
Target
BuzzFeed
Ticker: BZFD
Ticker:ENFA
Status:Completed
Sponsor (200 Park Avenue Partners)

Foresight Acquisition Corp. II

withdrawn
Location not specified•Technology
IPO Size
$200M
IPO Date
—
Target
Searching
Ticker:FACQ
Status:Withdrawn
Sponsor (Foresight Sponsor Group II)

Flame Acquisition Corp.

completed
Location not specified•Energy
IPO Size
$250M
IPO Date
Feb 26, 2021
Target
Sable Offshore Corp.
Ticker:FLME
Status:Completed
Sponsor (Flame Acquisition Sponsor)

Foresight Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$275M
IPO Date
Feb 11, 2021
Target
P3 Health Partners
Ticker: PIII
Ticker:FORE
Status:Completed
Sponsor (Foresight Sponsor Group)

ION Acquisition Corp 1 Ltd.

completed
Location not specified•Technology
IPO Size
$200M
IPO Date
Oct 3, 2020
Target
Taboola
Ticker: TBLA
Ticker:IACA
Status:Completed
Sponsor (ION Holdings 1)

Intrepid Acquisition Corp I

withdrawn
Location not specified•Other
IPO Size
$200M
IPO Date
—
Target
Searching
Ticker:IACI
Status:Withdrawn
Sponsor (Intrepid Acquisition Sponsor LLC)

Israel Amplify Program Corp.

withdrawn
Location not specified•Technology
IPO Size
$200M
IPO Date
—
Target
Searching
Ticker:ISAP
Status:Withdrawn
Sponsor (Pitango)Sponsor (Amplify)

Longview Acquisition Corp. II

liquidated
Location not specified•Technology
IPO Size
$500M
IPO Date
Mar 20, 2021
Target
Searching
Ticker:LGV
Status:Failed
Sponsor (Longview Investors II)

Longview Acquisition Corp

completed
Location not specified•Technology
IPO Size
$300M
IPO Date
May 22, 2020
Target
Butterfly Network
Ticker: BFLY
Ticker:LGVW
Status:Completed
Sponsor (Longview Investors)

MCAP Acquisition Corporation

completed
Location not specified•Technology
IPO Size
$250M
IPO Date
Feb 27, 2021
Target
AdTheorent
Ticker: ADTH
Ticker:MACQ
Status:Completed
Sponsor (MCAP Acquisition)

Novus Capital Corp II

completed
Location not specified•Technology
IPO Size
$250M
IPO Date
Feb 5, 2021
Target
Energy Vault
Ticker: NRGV
Ticker:NXU
Status:Completed

Panacea Acquisition Corp

completed
Location not specified•Technology
IPO Size
$125M
IPO Date
Jul 9, 2020
Target
Nuvation Bio
Ticker: NUVB
Ticker:PANA
Status:Completed
Sponsor (EcoR1 Panacea Holdings (affiliate of EcoR1 Capital))

Panacea Acquisition Corp. II

liquidated
Location not specified•Technology
IPO Size
$150M
IPO Date
Apr 8, 2021
Target
Searching
Ticker:PANA
Status:Failed
Sponsor (EcoR1 Panacea Holdings II)

Stratim Cloud Acquisition Corp.

liquidated
Location not specified•Technology
IPO Size
$250M
IPO Date
Mar 13, 2021
Target
Searching
Ticker:SCAQ
Status:Failed
Sponsor (Stratim Cloud Acquisition)

Spartan Acquisition Corp. III

completed
Location not specified•Energy
IPO Size
$400M
IPO Date
Feb 10, 2021
Target
Allego
Ticker: ALLG
Ticker:SPAQ
Status:Completed
Sponsor (Spartan Acquisition Sponsor III (affiliate of Apollo))

Spartan Acquisition Corp. II

completed
Location not specified•Energy
IPO Size
$250M
IPO Date
Nov 26, 2020
Target
Sunlight Financial
Ticker: SUNL
Ticker:SPRQ
Status:Completed
Sponsor (Spartan Acquisition Sponsor II)

ACON S2 Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$250M
IPO Date
Sep 18, 2020
Target
ESS Tech
Ticker: GWH
Ticker:STWO
Status:Completed
Sponsor (ACON S2 Sponsor)

SPRING VALLEY ACQUISITION CORP.

completed
Location not specified•Energy
IPO Size
$200M
IPO Date
Nov 25, 2020
Target
NuScale Power
Ticker: SMR
Ticker:SV
Status:Completed
Sponsor (Spring Valley Acquisition Sponsor)

STARBOARD VALUE ACQUISITION CORP.

completed
Location not specified•Technology
IPO Size
$300M
IPO Date
Sep 11, 2020
Target
Cyxtera
Ticker: CYXT
Ticker:SVAC
Status:Completed
Sponsor (SVAC Sponsor)

Constitution Acquisition Corp.

withdrawn
Location not specified•Energy
IPO Size
$200M
IPO Date
—
Target
Searching
Ticker:USSC
Status:Withdrawn
Sponsor (Constitution Acquisition Sponsor)

VectoIQ

completed
Location not specified•Other
IPO Size
$200M
IPO Date
May 17, 2018
Target
Nikola
Ticker: NKLA
Ticker:VTIQ
Status:Completed
Sponsor (VectoIQ Holdings)

VectoIQ Acquisition Corp. II

liquidated
Location not specified•Technology
IPO Size
$300M
IPO Date
Jan 8, 2021
Target
Searching
Ticker:VTIQ
Status:Failed
Sponsor (VectoIQ Holdings II)