SpacDeskUnder $50M Trust SPACs
21 SPACs with Under $50M trust sizes, totaling $630.9M in trust.
The under-$50 million SPAC cohort tracked by SpacDesk comprises 21 blank-check vehicles, representing one of the more active small-cap segments of the broader SPAC market. Of those 21 SPACs, eight remain in active target search, five have announced or completed business combinations, and eight have liquidated and returned capital to shareholders. The elevated liquidation rate within this size band reflects the structural challenges smaller blank-check companies face when competing for qualifying acquisition targets against better-capitalized peers. Outcome data across all 21 vehicles is current as of the latest available filings. Sign up at SpacDesk for full data on every SPAC in this cohort, including sponsor details, filing histories, and deal timelines.
| SPAC | Sponsor | Trust | Status | IPO Date | Sector | Target |
|---|---|---|---|---|---|---|
| GRCYF Greencity Acquisition Corp | Cynthia Management Corporation | $46.7M | Liquidated | 2020-07-24 | Other / Diversified | — |
| CIK0001548281 Collabrium Japan Acquisition Corp | — | $47.3M | Searching | 2012-10-19 | Other / Diversified | — |
| CIK0001532700 BGS Acquisition Corp. | — | $40.0M | Searching | 2012-03-21 | Other / Diversified | TransnetYX Holding Corp |
| CIK0001499573 FlatWorld Acquisition Corp. | — | $35.2M | Searching | 2010-12-10 | Other / Diversified | — |
| CIK0001304562 Millstream II Acquisition CORP | — | $20.6M | Combo Announced | 2004-12-20 | Other / Diversified | Specialty Surfaces International, Inc |
| CIK0001294248 China Unistone Acquisition CORP | — | $15.3M | Searching | 2004-11-19 | Financial Services | Ahead Billion Venture Limited |
| CIK0001275567 CHARDAN CHINA ACQUISITION CORP | — | $17.9M | Searching | 2004-03-17 | Other / Diversified | State Harvest Holdings Limited |
| CGRD GRD Biotechnology Acquisition Ltd | — | $38.6M | Searching | — | Biotech / Pharma | — |
| CIK0001518205 Infinity Cross Border Acquisition Corp | Infinity I-China Fund (Cayman), L.P. | $46.0M | Searching | 2012-07-20 | Other / Diversified | — |
| BBVUF BBV Vietnam S.E.A. Acquisition Corp. | — | $41.4M | Searching | 2008-02-11 | Other / Diversified | — |
| SPAC | Sponsor | Trust | Status | IPO Date | Sector | Target |
|---|---|---|---|---|---|---|
| PCQC Pantheon China Acquisition Corp. | — | $28.5M | Combo Announced | 2006-12-15 | Other / Diversified | China Cord Blood Services Corporation |
| CIK0001796129 LifeSci Acquisition Corp | LifeSci Capital | $5.6M | Closed | 2020-03-09 | Biotech / Pharma | Vincera Pharma, Inc. |
| DPHC DiamondPeak Holdings Corp. | David T. Hamamoto, Silverpeak | $30.0M | Closed | 2019-02-28 | Real Estate | Lordstown Motors Corp. |
| TZAC Tenzing Acquisition Corp. | Maxim | $8.6M | Closed | 2018-08-22 | Other / Diversified | REVIVA PHARMACEUTICALS HOLDINGS, INC. |
| CIK0001420032 Green Energy Acquisition CORP | — | $5.3M | Withdrawn | — | Clean Energy | — |
| CIK0001514786 Arcade China Acquisition Corp | — | $40.4M | Withdrawn | — | Other / Diversified | — |
| CIK0001537623 Pacific Monument Acquisition Corp | — | $40.0M | Withdrawn | — | Defense | — |
| HYIV Haymaker Acquisition Corp. IV | Haymaker Sponsor IV LLC | $2.0M | Withdrawn | — | Consumer | — |
| OTC Adnant Concepcion Acquisition Corp. | Adnant Concepcion Sponsor LLC | $28.8M | Withdrawn | — | Cannabis | — |
| JVAC Jade Value Acquisition Corp | Jade Value Holdings | $46.0M | Withdrawn | — | Crypto / Blockchain | — |
| RICH RichSpace Acquisition Corp. | RichSpace Acquisition | $46.9M | Withdrawn | — | Crypto / Blockchain | — |
Data sourced from SEC EDGAR filings. Trust size reflects declared trust at IPO. SPACs with unknown trust size are excluded.