Embarc

Underwriter

EarlyBirdCapital

SPACs
80

Industry Breakdown

Technology28 (35.0%)
Other26 (32.5%)
Energy12 (15.0%)
Media & Entertainment5 (6.3%)
Healthcare3 (3.8%)
Food & Beverage2 (2.5%)
Financial Services1 (1.3%)
Industrial1 (1.3%)

Geographic Distribution

Delaware53
Cayman Islands16
Unknown4
New York3
Virgin Islands, British2
Hong Kong1
Washington1

Status Distribution

Failed
26
32.5%
Completed
49
61.3%
Definitive Agreement
3
3.8%
Withdrawn
1
1.3%
Unit Split
1
1.3%

Market Insights

Analysis based on 80 spacs worth $11.3B in total value.

Technology
Top Industry
Delaware
Most Active State
$142M
Average Deal Size

Showing 80 SPACs

ACKRELL SPAC Partners I Co.

liquidated
Location not specified•Food & Beverage
IPO Size
$100M
IPO Date
Dec 23, 2020
Target
Searching
Ticker:ACKIT
Status:Failed
Sponsor (Ackrell SPAC Sponsors I)

Adit EdTech Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$200M
IPO Date
Jan 13, 2021
Target
Griid Infrastructure
Ticker:ADEX
Status:Completed
Sponsor (Adit EdTech Sponsor)Sponsor (Adit Ventures)

Arowana Inc.

completed
Location not specified•Energy
IPO Size
$60M
IPO Date
May 2, 2015
Target
VivoPower International PLC
Ticker: VVPR
Ticker:ARWA
Status:Completed

Astrea Acquisition Corp.

da
Location not specified•Technology
IPO Size
$150M
IPO Date
Feb 5, 2021
Target
Astrea, HotelPlanner.com, and Reservations.com
Ticker:ASAX
Status:Definitive Agreement
Sponsor (Astrea Acquisition Sponsor)

AMERICAS TECHNOLOGY ACQUISITION CORP.

liquidated
Location not specified•Technology
IPO Size
$100M
IPO Date
Dec 16, 2020
Target
Searching
Ticker:ATA
Status:Failed
Sponsor (ATAC Limited Partnership)

AlphaVest Acquisition Corp

da
Location not specified•Other
IPO Size
$60M
IPO Date
Dec 21, 2022
Target
Searching
Ticker:ATMV
Status:Definitive Agreement
Sponsor (AlphaVest Holding)

Archimedes Tech Spac Partners Co

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Mar 12, 2021
Target
SoundHound
Ticker: SOUN
Ticker:ATSPT
Status:Completed
Sponsor (Archimedes Tech SPAC Sponsors)

Bite Acquisition Corp.

liquidated
Location not specified•Food & Beverage
IPO Size
$150M
IPO Date
Feb 13, 2021
Target
Searching
Ticker:BITE
Status:Failed
Sponsor (Smart Dine)

Black Mountain Acquisition Corp.

liquidated
Location not specified•Energy
IPO Size
$200M
IPO Date
Oct 15, 2021
Target
Searching
Ticker:BMAC
Status:Failed
Sponsor (Black Mountain Sponsor)

Breeze Holdings Acquisition Corp.

completed
Location not specified•Energy
IPO Size
$100M
IPO Date
Nov 25, 2020
Target
TV Ammo, Inc.
Ticker:BREZ
Status:Completed
Sponsor (Breeze Sponsor)Sponsor (Breeze Financial)

Brilliant Acquisition Corp

completed
Location not specified•Other
IPO Size
$40M
IPO Date
Jun 25, 2020
Target
Nukkleus
Ticker:BRLI
Status:Completed
Sponsor (Nisun Investment Holding Limited)

Twelve Seas Investment Corporation

completed
Location not specified•Other
IPO Size
$150M
IPO Date
Jun 21, 2018
Target
Brooge
Ticker: BROG
Ticker:BROG
Status:Completed

Big Rock Partners Acquisition Corp

completed
Location not specified•Other
IPO Size
$50M
IPO Date
Nov 22, 2017
Target
NeuroRx
Ticker: NRXP
Ticker:BRPA
Status:Completed
Sponsor (Big Rock Partners Sponsor)

Better World Acquisition Corp.

liquidated
Location not specified•Other
IPO Size
$100M
IPO Date
Nov 14, 2020
Target
Searching
Ticker:BWAC
Status:Failed
Sponsor (BWA Holdings)Sponsor (N*GEN)

Chenghe Acquisition Co.

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Apr 29, 2022
Target
Taiwan Color Optics
Ticker:CHEA
Status:Completed
Sponsor (Chenghe Investment Co.)

CM Seven Star Acquisition Corporation

completed
Location not specified•Other
IPO Size
$150M
IPO Date
Oct 27, 2017
Target
Kaixin Auto Group
Ticker: KXIN
Ticker:CMSS
Status:Completed

Counter Press Acquisition Corp

liquidated
Location not specified•Media & Entertainment
IPO Size
$75M
IPO Date
Feb 10, 2022
Target
Searching
Ticker:CPAQ
Status:Failed
Sponsor (Counter Press Sponsor Corporation)

DD3 Acquisition Corp. II

completed
Location not specified•Other
IPO Size
$100M
IPO Date
Dec 9, 2020
Target
Betterware
Ticker: BWMX
Ticker:DDMX
Status:Completed
Sponsor (DD3 Sponsor Group)

DFP Healthcare Acquisitions Corp.

completed
Location not specified•Healthcare
IPO Size
$200M
IPO Date
Mar 12, 2020
Target
The Oncology Institute
Ticker: TOI
Ticker:DFPH
Status:Completed
Sponsor (DFP Sponsor)

DD3 Acquisition Corp. III

withdrawn
Location not specified•Energy
IPO Size
$150M
IPO Date
—
Target
Searching
Ticker:DIII
Status:Withdrawn
Sponsor (DD3 Sponsor Group III)

Dila Capital Acquisition Corp

liquidated
Location not specified•Technology
IPO Size
$50M
IPO Date
Jun 16, 2021
Target
Searching
Ticker:DILA
Status:Failed
Sponsor (DILA Capital Sponsor Group)

Distoken Acquisition Corp

liquidated
Location not specified•Technology
IPO Size
$40M
IPO Date
Feb 15, 2023
Target
Searching
Ticker:DIST
Status:Failed
Sponsor (Xiaosen Sponsor)

Draper Oakwood Technology Acquisition Inc.

completed
Location not specified•Technology
IPO Size
$50M
IPO Date
Sep 16, 2017
Target
Reebonz
Ticker: RBZHF
Ticker:DOTA
Status:Completed

ACCRETION ACQUISITION CORP.

liquidated
Location not specified•Energy
IPO Size
$150M
IPO Date
Oct 22, 2021
Target
Searching
Ticker:ENER
Status:Failed
Sponsor (Accretion Acquisition Sponsor)

East Stone Acquisition Corp

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Feb 21, 2020
Target
Ufin
Ticker: NWTN
Ticker:ESSC
Status:Completed
Sponsor (Double Ventures Holdings)

European Sustainable Growth Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$125M
IPO Date
Jan 23, 2021
Target
ADS-TEC Energy
Ticker: ADSE
Ticker:EUSG
Status:Completed
Sponsor (LRT Capital1)

Forum Merger II Corp

completed
Location not specified•Other
IPO Size
$200M
IPO Date
Aug 4, 2018
Target
Tatooed Chef
Ticker: TTCF
Ticker:FMCI
Status:Completed
Sponsor (Forum Investors II)

Finnovate Acquisition Corp.

liquidated
Location not specified•Technology
IPO Size
$150M
IPO Date
Nov 5, 2021
Target
Searching
Ticker:FNVT
Status:Failed
Sponsor (Finnovate Sponsor)

Golden Falcon Acquisition Corp.

liquidated
Location not specified•Technology
IPO Size
$250M
IPO Date
Dec 19, 2020
Target
Searching
Ticker:GFX
Status:Failed
Sponsor (Makram Azar)Sponsor (Scott J. Freidheim)

Gesher I Acquisition Corp.

completed
Location not specified•Other
IPO Size
$100M
IPO Date
Oct 14, 2021
Target
Freightos
Ticker: CRGO
Ticker:GIAC
Status:Completed
Sponsor (Gesher I Sponsor)

GigCapital2, Inc.

completed
Location not specified•Technology
IPO Size
$130M
IPO Date
Jun 7, 2019
Target
UpHealth and Cloudbreak Health
Ticker: UPH
Ticker:GIX
Status:Completed
Sponsor (Gig Capital Global)Sponsor (GigAcquisitions2)

Galileo Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Oct 19, 2019
Target
Shapeways, Inc.
Ticker: SHPW
Ticker:GLEO
Status:Completed
Sponsor (Galileo Founders Holdings)

Velodyne Lidar, Inc.

completed
Location not specified•Other
IPO Size
$225M
IPO Date
Oct 17, 2018
Target
Velodyne Lidar
Ticker: VLDR
Ticker:GRAF
Status:Completed
Sponsor (Graf Acquisition)

GOOD WORKS ACQUISITION CORP.

completed
Location not specified•Other
IPO Size
$150M
IPO Date
Oct 21, 2020
Target
Cipher Mining Inc.
Ticker: CIFR
Ticker:GWAC
Status:Completed
Sponsor (I-B Good Works (affiliate of I-Bankers Securities))

Good Works II Acquisition Corp.

liquidated
Location not specified•Other
IPO Size
$200M
IPO Date
Jul 13, 2021
Target
Searching
Ticker:GWII
Status:Failed
Sponsor (I-B Good Works 2)Sponsor (I-Bankers Securities)

HL Acquisitions Corp.

completed
Location not specified•Other
IPO Size
$43M
IPO Date
Jun 29, 2018
Target
Fusion Fuel
Ticker: HTOO
Ticker:HCCH
Status:Completed

Ignyte Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$50M
IPO Date
Jan 29, 2021
Target
Peak Bio
Ticker: PKBO
Ticker:IGNY
Status:Completed
Sponsor (Ignyte Sponsor)

InterPrivate Acquisition Corp

completed
Location not specified•Other
IPO Size
$175M
IPO Date
Feb 5, 2020
Target
Aeva
Ticker: AEVA
Ticker:IPV
Status:Completed
Sponsor (InterPrivate Acquisition Management)

InterPrivate II Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$200M
IPO Date
Mar 6, 2021
Target
Getaround
Ticker: GETR
Ticker:IPVA
Status:Completed
Sponsor (InterPrivate Acquisition Management II)

InterPrivate III Financial Partners Inc.

liquidated
Location not specified•Financial Services
IPO Size
$200M
IPO Date
Mar 6, 2021
Target
Searching
Ticker:IPVF
Status:Failed
Sponsor (InterPrivate Acquisition Management III)Sponsor (InterPrivate Capital)

InterPrivate IV InfraTech Partners Inc.

liquidated
Location not specified•Technology
IPO Size
$250M
IPO Date
Mar 6, 2021
Target
Searching
Ticker:IPVI
Status:Failed
Sponsor (InterPrivate Acquisition Management IV)Sponsor (InterPrivate Capital)

Kensington Capital Acquisition Corp. V

liquidated
Location not specified•Industrial
IPO Size
$225M
IPO Date
Aug 14, 2021
Target
Searching
Ticker:KCGI
Status:Failed
Sponsor (Kensington Capital Sponsor V)Sponsor (Justin Mirro)

KLR Energy Acquisition Corp.

completed
Location not specified•Other
IPO Size
$130M
IPO Date
Mar 12, 2016
Target
Rosehill
Ticker: ROSEQ
Ticker:KLRE
Status:Completed

Keyarch Acquisition Corp

liquidated
Location not specified•Technology
IPO Size
$100M
IPO Date
Jan 26, 2022
Target
Searching
Ticker:KYCH
Status:Failed
Sponsor (Keyarch Global Sponsor Limited)

Leisure Acquisition Corp.

completed
Location not specified•Healthcare
IPO Size
$200M
IPO Date
Dec 5, 2017
Target
Ensysce Biosciences
Ticker: ENSC
Ticker:LACQ
Status:Completed
Sponsor (Hydra)Sponsor (Matthews Lane)

Legato Merger Corp.

completed
Location not specified•Energy
IPO Size
$175M
IPO Date
Jan 21, 2021
Target
Algoma Steel
Ticker: ASTL
Ticker:LEGO
Status:Completed
Sponsor (Legato Sponsor)

LEGATO MERGER CORP. II

completed
Location not specified•Energy
IPO Size
$200M
IPO Date
Nov 24, 2021
Target
Southland Holdings
Ticker:LGTO
Status:Completed

LIV Capital Acquisition Corp. II

da
Location not specified•Other
IPO Size
$100M
IPO Date
Feb 9, 2022
Target
Covalto (formerly Credijusto)
Ticker:LIVB
Status:Definitive Agreement
Sponsor (LIV Capital Acquisition Sponsor II)Sponsor (LIV Capital)

LIV Capital Acquisition Corp.

completed
Location not specified•Other
IPO Size
$60M
IPO Date
Dec 12, 2019
Target
AgileThought
Ticker: AGIL
Ticker:LIVK
Status:Completed
Sponsor (LIV Capital Acquisition Sponsor)

LIGHTJUMP ACQUISITION CORP

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Jan 12, 2021
Target
Moolec Science
Ticker: MLEC
Ticker:LJAQ
Status:Completed
Sponsor (LightJump One Founders)

Moringa Acquisition Corp

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Feb 18, 2021
Target
Holisto
Ticker:MACA
Status:Completed
Sponsor (Moringa Sponsor)Sponsor (Moringa Partners)

Merida Merger Corp. I

completed
Location not specified•Other
IPO Size
$100M
IPO Date
Nov 6, 2019
Target
Leafly
Ticker: LFLY
Ticker:MCMJ
Status:Completed
Sponsor (Merida Capital Partners III)

Modern Media Acquisition Corp.

completed
Location not specified•Media & Entertainment
IPO Size
$150M
IPO Date
May 13, 2017
Target
Akazoo
Ticker: SONG
Ticker:MMDM
Status:Completed

MTech Acquisition Corp.

completed
Location not specified•Media & Entertainment
IPO Size
$50M
IPO Date
Jan 31, 2018
Target
MJ Freeway
Ticker: KERN
Ticker:MTEC
Status:Completed

New Beginnings Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
Oct 31, 2020
Target
Airspan Networks
Ticker: MIMO
Ticker:NBA
Status:Completed
Sponsor (New Beginnings Sponsor)

Newbury Street Acquisition Corp

unit
Location not specified•Technology
IPO Size
$150M
IPO Date
Mar 24, 2021
Target
Infinite Reality
Ticker:NBST
Status:Unit Split
Sponsor (Newbury Street Acquisition Sponsor)

Northern Genesis Acquisition Corp

completed
Location not specified•Other
IPO Size
$300M
IPO Date
Aug 19, 2020
Target
Lion Electric
Ticker: LEV
Ticker:NGA
Status:Completed
Sponsor (Northern Genesis Sponsor)

Novus Capital Corp

completed
Location not specified•Technology
IPO Size
$100M
IPO Date
May 16, 2020
Target
AppHarvest
Ticker: APPH
Ticker:NOVS
Status:Completed

NorthView Acquisition Corp

liquidated
Location not specified•Healthcare
IPO Size
$180M
IPO Date
Dec 22, 2021
Target
Searching
Ticker:NVAC
Status:Failed
Sponsor (NorthView Sponsor I)

Opes Acquisition Corp.

completed
Location not specified•Other
IPO Size
$100M
IPO Date
Mar 15, 2018
Target
BurgerFi
Ticker: BFI
Ticker:OPES
Status:Completed
Sponsor (Axis Public Ventures)

OTR Acquisition Corp.

completed
Location not specified•Other
IPO Size
$115M
IPO Date
Nov 19, 2020
Target
Comera Life Sciences
Ticker: CMRA
Ticker:OTRA
Status:Completed
Sponsor (OTR Acquisition Sponsor)

Oxus Acquisition Corp.

completed
Location not specified•Energy
IPO Size
$150M
IPO Date
Sep 4, 2021
Target
Borealis Foods
Ticker:OXUS
Status:Completed
Sponsor (Oxus Capital PTE.)

High Peak Energy

completed
Location not specified•Energy
IPO Size
$300M
IPO Date
Apr 14, 2018
Target
HighPeak Energy, Inc.
Ticker: HPK
Ticker:PACQ
Status:Completed
Sponsor (HighPeak Pure Acquisition)

Progress Acquisition Corp.

liquidated
Location not specified•Technology
IPO Size
$125M
IPO Date
Feb 10, 2021
Target
Searching
Ticker:PGRW
Status:Failed
Sponsor (Progress Capital I)

Pegasus Digital Mobility Acquisition Corp.

liquidated
Location not specified•Energy
IPO Size
$200M
IPO Date
Oct 23, 2021
Target
Searching
Ticker:PGSS
Status:Failed
Sponsor (Pegasus Digital Mobility Sponsor)Sponsor (Strategic Capital)

Property Solutions Acquisition Corp.

completed
Location not specified•Technology
IPO Size
$200M
IPO Date
Jul 23, 2020
Target
Faraday Future
Ticker: FFIE
Ticker:PSAC
Status:Completed
Sponsor (Property Solutions Acquisition Sponsor)

Property Solutions Acquisition Corp. II

liquidated
Location not specified•Technology
IPO Size
$250M
IPO Date
Mar 5, 2021
Target
Searching
Ticker:PSAG
Status:Failed
Sponsor (Property Solutions Acquisition Sponsor II)

Goal Acquisitions Corp.

liquidated
Location not specified•Media & Entertainment
IPO Size
$225M
IPO Date
Feb 12, 2021
Target
Searching
Ticker:PUCK
Status:Failed
Sponsor (Goal Acquisitions Sponsor)

Recharge Acquisition Corp.

liquidated
Location not specified•Other
IPO Size
$200M
IPO Date
Oct 2, 2020
Target
Searching
Ticker:RCHG
Status:Failed
Sponsor (SKG Sponsor)

RF Acquisition Corp.

liquidated
Location not specified•Technology
IPO Size
$100M
IPO Date
Mar 25, 2022
Target
Searching
Ticker:RFAC
Status:Failed
Sponsor (RF Dynamic)Sponsor (RFAC)

ROC Energy Acquisition Corp.

completed
Location not specified•Other
IPO Size
$150M
IPO Date
Dec 3, 2021
Target
Drilling Tools International
Ticker:ROC
Status:Completed
Sponsor (ROC Energy Holdings)Sponsor (Fifth Partners)

Schultze Special Purpose Acquisition Corp.

completed
Location not specified•Other
IPO Size
$150M
IPO Date
Dec 12, 2018
Target
Clever Leaves
Ticker: CLVR
Ticker:SAMA
Status:Completed
Sponsor (Schultze Special Purpose Acquisition Sponsor)

Stellar Acquisition III Inc.

completed
Location not specified•Energy
IPO Size
$65M
IPO Date
Aug 20, 2016
Target
Phunware
Ticker: PHUN
Ticker:STLR
Status:Completed

Springwater Special Situations Corp.

liquidated
Location not specified•Technology
IPO Size
$150M
IPO Date
Aug 27, 2021
Target
Searching
Ticker:SWSS
Status:Failed
Sponsor (Springwater Promote)

Tuscan Holdings Corp. II

liquidated
Location not specified•Other
IPO Size
$125M
IPO Date
Jul 13, 2019
Target
Searching
Ticker:THCA
Status:Failed
Sponsor (Tuscan Holdings Acquisition II)

Tuscan Holdings Corp.

completed
Location not specified•Other
IPO Size
$200M
IPO Date
Mar 7, 2019
Target
Microvast
Ticker: MVST
Ticker:THCB
Status:Completed
Sponsor (Tuscan Holdings Acquisition)

TKK Symphony Acquisition Corporation

completed
Location not specified•Consumer Goods
IPO Size
$200M
IPO Date
Aug 17, 2018
Target
Glory Star
Ticker: GSMG
Ticker:TKKS
Status:Completed

Vistas Media Acquisition Co Inc.

completed
Location not specified•Media & Entertainment
IPO Size
$100M
IPO Date
Aug 8, 2020
Target
Anghami
Ticker: ANGH
Ticker:VMAC
Status:Completed
Sponsor (Vistas Media Sponsor)

Warrior Technologies Acquisition Co

liquidated
Location not specified•Energy
IPO Size
$200M
IPO Date
Feb 27, 2021
Target
Searching
Ticker:WARR
Status:Failed
Sponsor (Warrior Technologies Sponsor)

Pensare Acquisition Corp.

completed
Location not specified•Telecommunications
IPO Size
$250M
IPO Date
Jul 29, 2017
Target
Stratos Management Systems
Ticker: AVCT
Ticker:WRLS
Status:Completed