SPAC Statistics

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Boardroom Alpha's SPAC Statistics page is a citable reference for U.S. SPAC market data. It covers 7 years of annual IPO counts and capital raised (through 2026), average trust funding by cohort year, redemption magnitude distributions, and SPAC lifecycle outcomes (completion vs. liquidation).

  • 1268 SPAC IPOs priced between 2020 and 2026, raising a cumulative $288.81B.
  • SPAC IPO activity has averaged 181.1 deals per year across the 7-year window ending 2026.
  • The peak year was 2021 with 614 SPAC IPOs raising $144.90B.
  • 2026 year-to-date stands at 89 SPAC IPOs raising $16.28B as of .
How to cite this page
SPAC Statistics. Boardroom Alpha. Retrieved from https://www.boardroomalpha.com/spac-statistics/.

Annual SPAC IPOs

Count of SPAC IPOs by year (last 7 years)
248
2020
614Peak
2021
86
2022
31
2023
56
2024
144
2025
89
2026 YTD
Source: Boardroom Alpha
Annual SPAC IPO Activity
Year IPO Count Capital Raised Avg Size
2026 YTD 89 $16.28B $183.0M
2025 144 $26.86B $186.5M
2024 56 $8.47B $151.2M
2023 31 $3.45B $111.4M
2022 86 $12.00B $139.6M
2021 614 $144.90B $236.0M
2020 248 $76.84B $309.8M
Source: Boardroom Alpha
 
Average Trust Funding by Cohort Year
Year IPOs Avg Trust Funding Max
2026 89 100.08% 101.0%
2025 144 100.07% 101.0%
2024 56 100.23% 102.0%
2023 31 101.26% 103.0%
2022 86 101.76% 103.0%
Source: Boardroom Alpha · values at-par ($10/unit) read as 100.0%; above-par means trust was over-funded at IPO.
 
Redemption Magnitude Distribution
Dollars Removed Votes Share  
< $10M 190 39.3%
$10M – $50M 168 34.7%
$50M – $100M 58 12.0%
$100M – $250M 60 12.4%
$250M + 8 1.7%
Source: Boardroom Alpha · 484 qualifying vote events in last 3 years
 
Lifecycle Outcomes — SPACs IPO’d ≥ 36 months ago
Outcome Count Share  
Completed DeSPAC 733 56.5%
Liquidated 483 37.2%
Still Active 81 6.2%
Source: Boardroom Alpha · cohort size: 1297 SPACs

Frequently Asked Questions

How many SPAC IPOs priced between 2020 and 2026?
1268 SPAC IPOs priced between 2020 and 2026, raising a cumulative $288.81B in capital.
What was the peak year for SPAC IPOs?
The peak year in the 7-year window ending 2026 was 2021, when 614 SPAC IPOs priced and raised $144.90B.
What is the average SPAC trust funding percentage?
See the 'Average Trust Funding by Cohort Year' table on this page for the per-year breakdown. Trust funding is the per-unit trust deposit as a percentage of the $10 par; values above 100% mean trust was over-funded at IPO.
What share of SPACs complete a deal versus liquidate?
Of SPACs that IPO'd at least 36 months ago, the lifecycle outcome table on this page breaks out completed DeSPACs, liquidations, and SPACs still working toward a deal.
How often is this page updated?
This page is refreshed daily from the Boardroom Alpha SPAC database. The exact last-updated timestamp appears at the top of the page.
How do I cite this page?
See the 'How to cite this page' block at the top of the page for the recommended citation format. The data source is Boardroom Alpha (boardroomalpha.com).


Recent Analysis

Daily SPAC: VACI-NorthStar, AIIR – May 18, 2026

Viking Acquisition Corp I (VACI) amended its NorthStar merger agreement, revising redemption timing and closing steps and clarifying tax treatment. Separately, CAEP completed its Air DeSPAC as AIIR. May MTD reached 11 SPAC IPOs / $1,775M through 18 days vs. 6 / $785M over the same span last month.

Daily SPAC: GUAC, IDAC IPOs Add $400M in SPAC Capital – May 15, 2026

2 SPAC IPOs priced today, with Berto Acquisition Corp. II (GUAC) raising $250M and Iron Dome Acquisition I Corp (IDAC) raising $150M; IDAC funded trust at 100.5% of par. May MTD totals 9 IPOs / $1,425M through 15 days vs. 5 / $725M over the same span last month. Separately, RAAQ advanced its IQM merger with an F-4 filing.

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