SpacDeskMarket Overview
2,199 SPAC records in coverage · 328 active · 768 deSPAC closed · 788 liquidated
Market Pulse
current state · trailing windows · click a card to drill inIPOs · trailing 30d
0
±0 vs prior 30d
0 pricedas of 2026-05-18
IPOs · trailing 90d
23
−35 vs prior 90d
23 pricedas of 2026-05-18
Announced · trailing 30d
4
−7 vs prior 30d
4 dealsas of 2026-07-09
Announced · trailing 90d
30
−1 vs prior 90d
30 dealsas of 2026-07-09
Liquidations · trailing 30d
4
±0 vs prior 30d
4 wound upas of 2026-07-13
Liquidations · trailing 90d
14
−5 vs prior 90d
14 wound upas of 2026-07-13
Active trust capital
$57.0B
current active total
316 w/ trustas of 2026-07-21
IPO proceeds · 12mo
$33.2B
+$13.2B vs prior 12mo
152 pricedas of 2026-05-18
Upcoming votes · next 30d
0
next 30 days
0 scheduledas of 2026-07-14
Redemption deadlines · next 30d
0
next 30 days
0 dueas of 2026-07-14
Median executable yield
-0.5%
at executable ask
11 SPACsas of 2026-07-21
Median redemption · 90d
86.4%
+86.2pp vs prior 90d
12 votesas of 2026-09-14
Trailing-window flows compare the current window against the immediately prior window of equal length. Forward-looking counts (upcoming votes, redemption deadlines) source from spac_event_datesand cover active SPACs only. Blank / “Unavailable” cells mean the primary source carries no value — never zero. Rising liquidations and redemptions are shown in red; rising issuance and yield in green.
Arb-Market Conditions
11 active redeemable SPACs with executable quotes · as of 2026-07-21Below Trust
5
45% of universe
At / Above Trust
6
55% of universe
Median YTM
-0.5%
over 11 quoted SPACs
Median Discount
-0.5%
1 − (ask / trust)
Median Spread
18 bps
0 thin / 11 valid
Trust Capital
$2.4B
$7.2M total $-ADV
Annualized yield (YTM) distribution11 SPACs · trust capital per bucket below bars
630
< 0%0–3%3–6%6–10%10–15%≥ 15%
annualized yield to maturity at NBBO ask
$1.5B$978.1M————
Price-to-trust distribution11 SPACs
420
< 95%95–97%97–99%99–101%101–103%≥ 103%
ask price ÷ trust per share — below 100% = discount to trust
——$460.6M$577.5M$633.4M$770.4M
Bid-ask spread distribution11 SPACs
530
< 5 bps5–1515–3030–5050–100≥ 100
NBBO spread in basis points
Cash-return schedule (next 12 months)5 SPACs · $922.6M trust
210
2026-082027-06
$231.2M$287.5M$230.6M$173.4M
trust deadline month · trust capital per month shown below bars
Universe = active redeemable SPACs with a valid or thin NBBO ask, trust per share, and a future deadline. YTM = (trust/ask)^(365/days)−1; |YTM| > 200% quarantined. Spread from delayed-SIP NBBO. Trust capital = sum of trust_size per bucket. Cash-return schedule shows trust deadlines by month — the dates at which holders can redeem at trust or the SPAC must liquidate.
Weight byre-weights the status mix, completion stats & redemption rate below
Redemption Votes — 2018
92 records| Symbol | Name | Vote Date | Type | Redemption Rate | Σ Redeemed | Outcome |
|---|---|---|---|---|---|---|
| FSAC | Federal Street Acquisition Corp. | 2018-12-28 | other | Unknown | Unknown | passed |
| KBLM | KBL Merger Corp. IV | 2018-12-27 | director_election | Unknown | Unknown | passed |
| KBLM | KBL Merger Corp. IV | 2018-12-27 | other | Unknown | Unknown | passed |
| MIII | M III Acquisition Corp. | 2018-12-14 | director_election | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | director_election | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | charter_amendment | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | business_combination | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | adjournment | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-12-10 | other | Unknown | Unknown | passed |
| STLR | Stellar Acquisition III Inc. | 2018-12-03 | adjournment | Unknown | Unknown | passed |
| STLR | Stellar Acquisition III Inc. | 2018-12-03 | director_election | Unknown | Unknown | — |
| IAM | I-AM Capital Acquisition Company | 2018-11-13 | adjournment | Unknown | Unknown | — |
| IAM | I-AM Capital Acquisition Company | 2018-11-13 | business_combination | Unknown | Unknown | passed |
| IAM | I-AM Capital Acquisition Company | 2018-11-13 | charter_amendment | Unknown | Unknown | passed |
| IAM | I-AM Capital Acquisition Company | 2018-11-13 | director_election | Unknown | Unknown | — |
| IAM | I-AM Capital Acquisition Company | 2018-11-13 | other | Unknown | Unknown | passed |
| IAM | I-AM Capital Acquisition Company | 2018-11-13 | auditor_ratification | Unknown | Unknown | passed |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | other | Unknown | Unknown | passed |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | other | Unknown | Unknown | passed |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | business_combination | 73.2% | Unknown | passed |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | adjournment | Unknown | Unknown | — |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | director_election | Unknown | Unknown | — |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | other | Unknown | Unknown | — |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | other | Unknown | Unknown | passed |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | director_election | Unknown | Unknown | passed |
| KAAC | Kayne Anderson Acquisition Corp. | 2018-11-06 | other | Unknown | Unknown | passed |
| CIK0001670349 | Matlin & Partners Acquisition Corporation | 2018-11-05 | other | Unknown | Unknown | passed |
| CIK0001670349 | Matlin & Partners Acquisition Corporation | 2018-11-05 | other | Unknown | Unknown | passed |
| CIK0001670349 | Matlin & Partners Acquisition Corporation | 2018-11-05 | other | Unknown | Unknown | passed |
| CIK0001670349 | Matlin & Partners Acquisition Corporation | 2018-11-05 | other | Unknown | Unknown | passed |
| CIK0001670349 | Matlin & Partners Acquisition Corporation | 2018-11-05 | other | Unknown | Unknown | passed |
| CIK0001680873 | Atlantic Acquisition Corp. | 2018-08-16 | other | Unknown | Unknown | — |
| CIK0001680873 | Atlantic Acquisition Corp. | 2018-08-16 | other | Unknown | Unknown | passed |
| FNTE | FINTECH ACQUISITION CORP. II | 2018-07-20 | other | Unknown | Unknown | passed |
| TPGE | TPG Pace Energy Holdings Corp. | 2018-07-17 | adjournment | Unknown | Unknown | passed |
| TPGE | TPG Pace Energy Holdings Corp. | 2018-07-17 | other | Unknown | Unknown | passed |
| EACQ | Easterly Acquisition Corp. | 2018-06-29 | extension | 4.7% | $8.3M | passed |
| EACQ | Easterly Acquisition Corp. | 2018-06-29 | extension | 4.7% | $8.3M | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-06-28 | director_election | Unknown | Unknown | passed |
| CIK0001661181 | Avista Healthcare Public Acquisition Corp. | 2018-06-28 | auditor_ratification | Unknown | Unknown | passed |
| CIK0001647088 | DOUBLE EAGLE ACQUISITION CORP | 2018-06-21 | auditor_ratification | Unknown | Unknown | passed |
| CIK0001647088 | DOUBLE EAGLE ACQUISITION CORP | 2018-06-21 | director_election | Unknown | Unknown | passed |
| GPIA | GP INVESTMENTS ACQUISITION CORP | 2018-06-08 | director_election | Unknown | Unknown | passed |
| GPIA | GP INVESTMENTS ACQUISITION CORP | 2018-06-08 | other | Unknown | Unknown | passed |
| GPIA | GP INVESTMENTS ACQUISITION CORP | 2018-06-08 | other | Unknown | Unknown | passed |
| CIK0001644406 | Gores Holdings, Inc. | 2018-06-07 | director_election | Unknown | Unknown | passed |
| CIK0001644406 | Gores Holdings, Inc. | 2018-06-07 | auditor_ratification | Unknown | Unknown | passed |
| CIK0001644406 | Gores Holdings, Inc. | 2018-06-07 | other | Unknown | Unknown | passed |
| CIK0001644406 | Gores Holdings, Inc. | 2018-06-07 | other | Unknown | Unknown | passed |
| CIK0001620179 | Quinpario Acquisition Corp. 2 | 2018-06-06 | other | Unknown | Unknown | passed |
| CIK0001620179 | Quinpario Acquisition Corp. 2 | 2018-06-06 | other | Unknown | Unknown | passed |
| CIK0001620179 | Quinpario Acquisition Corp. 2 | 2018-06-06 | other | Unknown | Unknown | passed |
| CIK0001592016 | Boulevard Acquisition Corp | 2018-06-04 | director_election | Unknown | Unknown | passed |
| CIK0001592016 | Boulevard Acquisition Corp | 2018-06-04 | director_election | Unknown | Unknown | passed |
| CIK0001592016 | Boulevard Acquisition Corp | 2018-06-04 | other | Unknown | Unknown | passed |
| SRAQ | Silver Run Acquisition Corporation | 2018-05-02 | director_election | Unknown | Unknown | passed |
| SRAQ | Silver Run Acquisition Corporation | 2018-05-02 | other | Unknown | Unknown | passed |
| SRAQ | Silver Run Acquisition Corporation | 2018-05-02 | other | Unknown | Unknown | passed |
| SRAQ | Silver Run Acquisition Corporation | 2018-05-02 | other | Unknown | Unknown | passed |
| EACQ | Easterly Acquisition Corp. | 2018-03-29 | extension | 0.0% | $72.0K | passed |
| EACQ | Easterly Acquisition Corp. | 2018-03-29 | extension | 0.0% | $72.0K | passed |
| MIII | M III Acquisition Corp. | 2018-03-21 | business_combination | Unknown | Unknown | passed |
| MIII | M III Acquisition Corp. | 2018-03-21 | other | Unknown | Unknown | passed |
| ANDA2 | Andina Acquisition Corp. II | 2018-03-15 | other | Unknown | Unknown | passed |
| ANDA2 | Andina Acquisition Corp. II | 2018-03-15 | other | Unknown | Unknown | passed |
| ANDA2 | Andina Acquisition Corp. II | 2018-03-15 | other | Unknown | Unknown | passed |
| ANDA2 | Andina Acquisition Corp. II | 2018-03-15 | director_election | Unknown | Unknown | passed |
| ANDA2 | Andina Acquisition Corp. II | 2018-03-15 | other | Unknown | Unknown | passed |
| HDRA | Hydra Industries Acquisition Corp | 2018-03-07 | other | Unknown | Unknown | passed |
| HDRA | Hydra Industries Acquisition Corp | 2018-03-07 | other | Unknown | Unknown | passed |
| HDRA | Hydra Industries Acquisition Corp | 2018-03-07 | other | Unknown | Unknown | passed |
| HDRA | Hydra Industries Acquisition Corp | 2018-03-07 | director_election | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | adjournment | Unknown | Unknown | — |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | other | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | other | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | other | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | other | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | other | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | business_combination | Unknown | Unknown | passed |
| SRUN | Silver Run Acquisition Corporation II | 2018-02-06 | other | Unknown | Unknown | passed |
| MIII | M III Acquisition Corp. | 2018-01-04 | other | Unknown | Unknown | passed |
| MIII | M III Acquisition Corp. | 2018-01-04 | other | Unknown | Unknown | passed |
Cumulative History
data through 2026-07-21Weighted by ipo proceeds. 1,939 of 2,199 records carry a usable IPO size — 88% coverage; the rest are excluded from the weighted totals, not counted as $0. All figures below are cumulative history unless a trailing window is stated.
Lifecycle Funnel
ipo proceeds-weighted · cumulative reach · as of 2026-07-21Filed
entered pipeline
$431.2B
100.0% of filed
1938/2199 cov
↓Filed → IPO84.9%
IPO Priced
→ searching
$366.3B
84.9% of filed
1627/1844 cov
↓IPO → Announcement57.0%
Announced
combination
$208.8B
48.4% of filed
953/997 cov
↓Announcement → Vote91.8%
Voted
shareholder vote
$191.7B
44.4% of filed
855/897 cov
↓Vote → Close89.6%
Closed
deSPAC completed
$171.7B
39.8% of filed
732/768 cov
Liquidated
IPO → Liquidation
$136.4B
37.2% of priced
563/722 cov
Withdrawn
pre-IPO exit
$65.0B
15.1% of filed
311/355 cov
Cumulative reach: each stage counts SPACs that ever reached at least that milestone (a closed deSPAC also counts under Announced and Voted). Stages are weighted by ipo proceeds; each SPAC contributes its IPO size and rows without one are excluded (see per-stage coverage), not counted as $0. 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.
IPO proceeds in coverage
$431.7B
1,939/2,199 records carry a usable IPO size
Active — ipo proceeds
$54.1B
12.5% of weighted cohort
Closed share of decided — ipo proceeds
53%
$172.1B closed / $323.3B decided
Decided — ipo proceeds
$323.3B
closed + liquidated
Universe by Status
ipo proceeds-weighted · as of 2026-07-21 · click a segment to drill inCompleted (deSPAC)$172.1B39.9%Liquidated$151.1B35.0%Withdrawn$54.3B12.6%Searching$33.5B7.8%Deal Announced$20.6B4.8%
“Active (unclassified)” = post-IPO SPACs whose exact lifecycle stage is not yet resolved. Segments are weighted by ipo proceeds; each SPAC contributes its IPO size and rows without one are excluded (see coverage above), not counted as $0. Status segments link to the Universe table filtered to that status.
SPAC IPO Pricings / Month
trailing 36 months (2023-08 → 2026-07) · 304 in window · data through 2026-05-18 · click a bar to drill in
2023-08peak: 28/mo2026-07
Redemption Analytics
as of 2026-09-14 · rate from extracted public-share redemption_pctMedian Rate
25.5%
over 160 rated votes
Equal-Wtd Avg
41.5%
each vote counts once
IPO-wtd Avg
43.3%
158/160 carry a IPO size
Σ Redeemed
$12.6B
176 votes w/ $ amount
Complete Obs
160
of 5,044 votes
Rate Coverage
3.2%
160/5,044 votes
Extension vs combination split
Extension votes91/178 rated
Median 19.0%
EW avg 31.7%
Σ $5.7B (87 w/ $)
Combination votes69/309 rated
Median 62.4%
EW avg 54.3%
Σ $6.9B (89 w/ $)
Other proposals0/4557 rated
Median Unknown
EW avg Unknown
Σ Unknown (0 w/ $)
Redemption-rate distribution160 rated votes
58290
0102030405060708090≥100
redemption rate (%) — lower bound of each 10-point bucket
| Vote year | Votes | w/ Rate | Median | EW Avg | IPO-wtd Avg | Σ Redeemed | w/ $ |
|---|---|---|---|---|---|---|---|
| 2026 | 735 | 15/735 | 22.5% | 50.4% | 72.4% | $2.3B | 21 |
| 2025 | 863 | 31/863 | 2.5% | 15.9% | 10.0% | $570.9M | 26 |
| 2024 | 845 | 28/845 | 19.6% | 25.5% | 23.2% | $1.3B | 30 |
| 2023 | 892 | 39/892 | 62.4% | 59.3% | 57.4% | $4.2B | 46 |
| 2022 | 598 | 14/598 | 63.4% | 53.8% | 63.6% | $2.3B | 13 |
| 2021 | 558 | 11/558 | 88.5% | 78.0% | 77.3% | $1.3B | 14 |
| 2020 | 237 | 5/237 | 11.6% | 27.9% | 30.4% | $207.2M | 11 |
| 2019 | 125 | 6/125 | 75.4% | 67.3% | 49.2% | $423.5M | 5 |
| 2018 | 92 | 5/92 | 4.7% | 16.5% | 24.3% | $16.7M | 4 |
| 2017 | 33 | 5/33 | 5.0% | 12.5% | 13.2% | $99.8M | 4 |
| 2016 | 17 | 0/17 | Unknown | Unknown | Unknown | Unknown | 0 |
| 2015 | 36 | 0/36 | Unknown | Unknown | Unknown | $0.0 | 2 |
| 2014 | 6 | 0/6 | Unknown | Unknown | Unknown | Unknown | 0 |
| 2013 | 4 | 1/4 | 58.1% | 58.1% | 58.1% | Unknown | 0 |
| 2012 | 3 | 0/3 | Unknown | Unknown | Unknown | Unknown | 0 |
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 · 20 events · as of 2026-07-14Loading 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 2026-07-21Ranked 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.
| # | Entity | IPOs | Σ Proceeds | Completion | Liquidation | Med. TTA | Med. Redemption | Post-Close |
|---|---|---|---|---|---|---|---|---|
| 1 | RMG Sponsor V, LLC | 4 | $2.0B | — | 0.0% | — | — | — |
| 2 | HCM Investor Holdings | 3 | $828.0M | 100.0%n=1 | 0.0% | 6.8mon=2 | — | — |
| 3 | RedOne Investment Limited | 3 | $195.3M | 100.0%n=2 | 0.0% | 10.8mon=3 | 48.0%n=1 | — |
| 4 | Whale Management Corporation | 3 | $106.1M | 100.0%n=1 | 0.0% | 14.9mon=2 | — | — |
| 5 | Drugs Made In America Acquisition LLC | 2 | $704.0M | — | 0.0% | 14.9mon=1 | — | — |
| 6 | Decarbonization Plus Acquisition Sponsor II LLC | 2 | $650.0M | 100.0%n=1 | 0.0% | 6.5mon=2 | 86.8%n=1 | — |
| 7 | Berto Acquisition Sponsor LLC | 2 | $600.3M | — | 0.0% | 5.9mon=1 | — | — |
| 8 | FirstMark Sponsor II LLC | 2 | $600.0M | — | 0.0% | — | — | — |
| 9 | Eagle Equity Partners IV, LLC | 2 | $591.6M | — | 0.0% | — | — | — |
| 10 | Mountain Lake Acquisition Sponsor LLC | 2 | $590.0M | — | 0.0% | 8.7mon=2 | 114.2%n=1 | — |
| 11 | Altitude Acquisition Holdco LLC | 2 | $565.6M | — | 0.0% | — | — | — |
| 12 | Foundry Crucible III, LLC | 2 | $550.0M | — | 0.0% | — | — | — |
| 13 | Graf Acquisition Partners LLC | 2 | $525.0M | — | 0.0% | — | — | — |
| 14 | Roman DBDR Tech Sponsor II LLC | 2 | $500.0M | — | 0.0% | — | — | — |
| 15 | Inflection Point Holdings | 2 | $497.2M | 0.0%n=1 | 50.0% | 4.0mon=1 | — | — |
| 16 | Archimedes Tech SPAC Sponsors II LLC | 2 | $495.9M | — | 0.0% | 14.2mon=1 | — | — |
| 17 | Armada Sponsor II LLC | 2 | $478.5M | — | 0.0% | 5.0mon=1 | — | — |
| 18 | Siddhi Sponsor LLC | 2 | $476.0M | — | 0.0% | 0.1mon=1 | — | — |
| 19 | Evolution Sponsor Holdings | 2 | $471.5M | — | 0.0% | 0.0mon=2 | — | — |
| 20 | Pyrophyte Acquisition II LLC | 2 | $407.5M | 0.0%n=1 | 50.0% | 24.5mon=1 | — | — |
| 21 | Tekkorp JEMB LLC | 2 | $400.0M | 0.0%n=1 | 50.0% | — | — | — |
| 22 | Blue Water Acquisition III LLC | 2 | $382.3M | 0.0%n=1 | 50.0% | 1.3mon=1 | — | — |
| 23 | Tiga Sponsor II LLC | 2 | $361.0M | — | 0.0% | — | — | — |
| 24 | Dune Acquisition Holdings | 2 | $316.3M | — | 0.0% | 9.0mon=1 | — | — |
| 25 | Navigation Capital Holdings | 2 | $308.2M | — | 0.0% | — | — | — |
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 93 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 (6 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 2026-07-21Each 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
Time to Close (deSPAC)
cumulative % of cohort completing a business combination · x: months since IPO
2026(n=91)2025(n=146)2024(n=57)2023(n=32)2022(n=90)2021(n=616)2020(n=249)2019(n=59)
| IPO Cohort | n | → Announce | → Close | → Liquidate | → Vote | → Extend |
|---|---|---|---|---|---|---|
| 2026 | 91 | 39d13 · 14%* | Unknown | 3d25 · 27%* | — | — |
| 2025 | 146 | 162d68 · 47%* | 336d9 · 6%* | 3d28 · 19%* | — | — |
| 2024 | 57 | 360d46 · 81% | 514d14 · 25%* | 5d13 · 23%* | — | — |
| 2023 | 32 | 434d30 · 94% | 657d13 · 41%* | 548d3 · 9%* | — | — |
| 2022 | 90 | 614d71 · 79% | 789d46 · 51% | 533d25 · 28%* | — | — |
| 2021 | 616 | 449d425 · 69% | 671d245 · 40%* | 646d288 · 47%* | — | — |
| 2020 | 249 | 217d213 · 86% | 347d181 · 73% | 722d49 · 20%* | — | — |
| 2019 | 59 | 522d57 · 97% | 602d55 · 93% | 1,284d1 · 2%* | — | — |
| 2018 | 44 | 609d41 · 93% | 714d39 · 89% | 559d3 · 7%* | — | — |
| 2017 | 19 | 631d18 · 95% | 711d15 · 79% | 377d2 · 11%* | — | — |
| 2016thin | 3 | 502d2 · 67% | Unknown | 892d1 · 33%* | — | — |
| 2015thin | 7 | 522d5 · 71% | 550d3 · 43%* | 369d2 · 29%* | — | — |
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, 68 SPACs, n too small) omitted from the table.