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Market Overview

2,213 SPAC records in coverage · 408 active · 776 deSPAC closed · 647 liquidated

Arb-Market Conditions

No active redeemable SPACs with executable quotes available.
Weight byre-weights the status mix, completion stats & redemption rate below
Compareperiod-over-period deltas on headline flow metrics below

Redemption Votes — 2011

7 records
✕ Close
SymbolNameVote DateTypeRedemption RateΣ RedeemedOutcome
GFNGeneral Finance Corporation2011-12-06director_electionUnknownUnknownpassed
CIK0001361872SHERMEN WSC ACQUISITION CORP.2011-06-20otherUnknownUnknownpassed
FMGQFMG Acquisition Corp.2011-06-15otherUnknownUnknownpassed
FMGQFMG Acquisition Corp.2011-06-15director_electionUnknownUnknownpassed
BDSBBoulder Specialty Brands, Inc.2011-05-11director_electionUnknownUnknownpassed
BDSBBoulder Specialty Brands, Inc.2011-05-11otherUnknownUnknownpassed
BDSBBoulder Specialty Brands, Inc.2011-02-15otherUnknownUnknownpassed

Cumulative History

data through 2026-09-06
Weighted by SPAC entity — a $50M and a $500M SPAC count equally. Use the toggle above to re-weight by capital. All figures below are cumulative history unless a trailing window is stated.

Lifecycle Funnel

count-weighted · cumulative reach · as of 2026-09-06
Filed
entered pipeline
2,213
100.0% of filed
n=2,213
Filed → IPO83.5%
IPO Priced
→ searching
1,847
83.5% of filed
n=1,847
IPO → Announcement57.0%
Announced
combination
1,053
47.6% of filed
n=1,053
Announcement → Vote89.6%
Voted
shareholder vote
944
42.7% of filed
n=944
Vote → Close82.2%
Closed
deSPAC completed
776
35.1% of filed
n=776
Liquidated
IPO → Liquidation
289
15.6% of priced
n=289
Withdrawn
pre-IPO exit
366
16.5% of filed
n=366

Cumulative reach: each stage counts SPACs that ever reached at least that milestone (a closed deSPAC also counts under Announced and Voted). Stages are count-weighted; a $50M and a $500M SPAC count equally — use the toggle above to re-weight by capital. Membership maps from current status values enriched by vote / EV evidence; it migrates to canonical lifecycle states once #16 lands. Conversion rates render “—” where a stage is unmeasurable under the active weight.

SPAC records in coverage
2,213
Σ IPO proceeds: $435.4B
Active SPAC entities
408
19.2% of cohort · 16 inactive shells excluded
Closed share of decided IPOs
55%
776/1423 decided · 647 liquidated
Decided cohort
1,423
closed + liquidated

Universe by Status

count-weighted · as of 2026-09-06 · click a segment to drill in

“Unclassified” = post-IPO SPACs whose lifecycle status is not yet resolved from filings. Segments are count-weighted; a $50M and a $500M SPAC count equally. Status segments link to the Universe table filtered to that status.

SPAC IPO Pricings / Month

trailing 36 months (2023-10 → 2026-09) · 334 in window · data through 2026-09-01 · click a bar to drill in
28140
2023-10peak: 28/mo2026-09

SPAC Liquidations / Month

trailing 36 months (2023-10 → 2026-09) · 106 in window · data through 2026-07-28 · click a bar to drill in
24120
2023-10peak: 24/mo2026-09

Redemption Analytics

as of 2026-09-08 · rate from extracted public-share redemption_pct
Median Rate
25.5%
over 157 rated votes
Equal-Wtd Avg
41.2%
each vote counts once
Share-Wtd Avg
Unavailable
pending share norm. (#653/#654)
Σ Redeemed
$19.6B
257 votes w/ $ amount
Complete Obs
157
of 2,991 votes
Rate Coverage
5.2%
157/2,991 votes
Extension vs combination split
Extension votes90/303 rated
Median 19.1%
EW avg 32.0%
Σ $12.5B (158 w/ $)
Combination votes67/339 rated
Median 58.1%
EW avg 53.6%
Σ $7.2B (99 w/ $)
Other proposals0/2349 rated
Median Unknown
EW avg Unknown
Σ Unknown (0 w/ $)
Redemption-rate distribution157 rated votes
57290
0102030405060708090≥100
redemption rate (%) — lower bound of each 10-point bucket
Vote yearVotesw/ RateMedianEW AvgΣ Redeemedw/ $
202630215/30222.5%50.4%$2.7B31
202540230/4022.3%16.1%$626.8M34
202443328/43319.6%25.5%$1.7B50
202360939/60962.4%59.3%$8.9B73
202230512/30545.5%49.6%$3.4B20
202145011/45088.5%78.0%$1.5B21
20201665/16611.6%27.9%$207.2M11
2019946/9475.4%67.3%$423.5M5
2018795/794.7%16.5%$19.3M5
2017305/305.0%12.5%$99.8M4
2016300/30UnknownUnknown$28.0M1
2015410/41UnknownUnknown$0.02
201490/9UnknownUnknownUnknown0
2013211/2158.1%58.1%Unknown0
201290/9UnknownUnknownUnknown0
201170/7UnknownUnknownUnknown0
201040/4UnknownUnknownUnknown0

Rate = extracted public-share redemption rate (vote-level). Median / averages are computed only over votes that carry a rate — see the per-group coverage; low coverage means the statistic reflects a small sample, not the whole market. Σ Redeemed is a distinct, typically smaller population (votes with an extracted dollar amount). Blank cells read Unknown, not zero. Share-weighted averaging is gated on public-share normalization (#653/#654) and is not fabricated in the interim.

Upcoming Catalysts

next 12 months · 37 events · as of 2026-07-14
Loading catalysts…

Forward market catalysts within 365 days, sourced from spac_event_dates and universe — the same primary tables behind the calendar. Each date derives from a DB column; none are fabricated. Filed = the date carries a filing source; Est. = a modelled/estimated date, not filing-confirmed. Terminal SPACs are excluded. Symbols link to the SPAC page.

Counterparty Leaderboards

as of 2026-09-06
Ranked by SPACs advised. Every metric is bottom-up from the same filings the entity-profile pages read — blank cells read Unknown, never zero. Each rate carries its sample size (n) so thin entities are obvious. Only entities with a real IPO count are ranked.
#EntityIPOsΣ ProceedsCompletionLiquidationMed. TTAMed. RedemptionPost-Close
1RMG Sponsor V, LLC4$2.0B0.0%
2HCM Investor Holdings3$828.0M100.0%n=10.0%6.8mon=2
3RedOne Investment Limited3$195.3M100.0%n=20.0%12.8mon=348.0%n=1
4Whale Management Corporation3$106.1M100.0%n=10.0%14.9mon=2
5Drugs Made In America Acquisition LLC2$704.0M0.0%15.1mon=1
6Berto Acquisition Sponsor LLC2$615.3M0.0%5.9mon=1
7FirstMark Sponsor II LLC2$600.0M0.0%
8Eagle Equity Partners IV, LLC2$591.6M0.0%
9Mountain Lake Acquisition Sponsor LLC2$590.0M0.0%8.7mon=2114.2%n=1
10Altitude Acquisition Holdco LLC2$565.6M0.0%
11Foundry Crucible III, LLC2$550.0M0.0%
12Graf Acquisition Partners LLC2$525.0M0.0%
13Evolution Sponsor Holdings2$517.4M0.0%0.0mon=2
14Roman DBDR Tech Sponsor II LLC2$500.0M0.0%
15Inflection Point Holdings2$497.2M0.0%4.0mon=1
16Archimedes Tech SPAC Sponsors II LLC2$495.9M0.0%14.2mon=1
17Armada Sponsor II LLC2$478.5M0.0%5.0mon=1
18Siddhi Sponsor LLC2$476.0M0.0%0.1mon=1
19Pyrophyte Acquisition II LLC2$407.5M0.0%52.7mon=1
20Tekkorp JEMB LLC2$400.0M0.0%n=150.0%
21Blue Water Acquisition III LLC2$382.3M0.0%1.3mon=1
22Tiga Sponsor II LLC2$361.0M0.0%
23Navigation Capital Holdings2$308.2M0.0%
24Range Capital Acquisition Sponsor II, LLC2$306.5M0.0%
25I-B Good Works 3, LLC2$269.6M0.0%24.7mon=1

Showing the top 25 of 34 rankable sponsor groups (≥2 SPACs advised); 487 tracked overall, single-SPAC entities excluded from ranking. Completion = closed ÷ (closed + liquidated), among resolved SPACs only. Liquidation = liquidated ÷ all associated SPACs. TTA = median IPO→announcement gap. Redemption = median extracted public-share redemption rate; only 91 SPACs carry a rate, so most entities read Unknown. Post-Close = median last price vs the $10 trust reference for closed deSPACs; price coverage is thin (8 tickers), so this column is Unknown for nearly all entities — by design, not zero.

Cohort & Survival

time-to-event by IPO-year cohort · as of 2026-09-06
Each duration is a real day-count between two DB dates on the same SPAC. Curves show the share of a cohort that has reached each event by month since IPO — a survival view of whether the current cohort is closing faster or slower than prior cycles. Young cohorts are right-censored: most members have not had the event yet, so their medians reflect only the earliest movers and read low.

Time to Announcement

cumulative % of cohort with a combination announced · x: months since IPO
025507510001224364860

Time to Close (deSPAC)

cumulative % of cohort completing a business combination · x: months since IPO
025507510001224364860
2025(n=146)2024(n=57)2023(n=32)2022(n=90)2021(n=616)2020(n=248)2019(n=58)
IPO Cohortn→ Announce→ Close→ Liquidate→ Vote→ Extend
202612256d18 · 15%*UnknownUnknown
2025146187d73 · 50%369d10 · 7%*309d1 · 1%*
202457355d46 · 81%528d15 · 26%*577d3 · 5%*
202332434d30 · 94%657d13 · 41%*933d3 · 9%*
202290614d65 · 72%789d46 · 51%671d18 · 20%*
2021616476d401 · 65%669d244 · 40%*739d293 · 48%*
2020248205d200 · 81%349d180 · 73%746d59 · 24%*
201958474d44 · 76%603d54 · 93%1,087d2 · 3%*
201846590d35 · 76%714d41 · 89%559d1 · 2%*
201724599d17 · 71%673d21 · 88%755d3 · 13%*
2016thin3502d2 · 67%Unknown648d2 · 67%
201511522d7 · 64%715d8 · 73%1,176d2 · 18%*

Grouped by IPO year. Each cell is the median day-count to the event over cohort members that reached it, with the reached share (incidence) below; faint medians are right-censored (<50% of the cohort has reached the event) and read biased-low. Blank cells are Unknown, never 0 days. → Vote and → Extend need canonical event dates (spac_event_dates, 278 rows, as of 2026-07-14) and render Unavailable until backfill (#713). 14 earlier cohorts (pre-2015, 87 SPACs, n too small) omitted from the table.