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SPAC IPOs in 2025

145 SPACs priced US IPOs in 2025, raising $26.17B. Of these, 20 have completed a merger, 39 have a deal pending, 83 are still searching and 3 have liquidated.

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SPACTickerIPO dateIPO sizeExchangeLead underwriterStatus
Silicon Valley Acquisition Corp.SVAQDec 23, 2025$200MNasdaqClear StreetDeal announced: EigenQ, Inc.
Social Commerce Partners CorpSCPQDec 22, 2025$100MNasdaqSocial Commerce PartnersSearching for a target
TGE Value Creative Solutions CorpBEBEDec 19, 2025$150MNew York Stock Exchange—Searching for a target
American Drive Acquisition CoADACDec 19, 2025$200MNasdaq Global MarketAmerican Drive Acquisition CompanySearching for a target
Vine Hill Capital Investment Corp. IIVHCPDec 19, 2025$200MNasdaq Global MarketStifelSearching for a target
Launchpad Cadenza Acquisition Corp ILPCVDec 18, 2025$200MNasdaqCantorSearching for a target
Iron Horse Acquisition II Corp.IRHOUDec 18, 2025$200MNasdaqRosey Sea HoldingsDeal announced: Electra Vehicles, Inc.
Churchill Capital Corp XICCXIDec 17, 2025$360MNasdaq Global MarketCitigroupDeal announced: Agility Robotics, Inc.
Crane Harbor Acquisition Corp. IICRANDec 16, 2025—Nasdaq Global MarketJonesTrading Institutional ServicesSearching for a target
ITHAX Acquisition Corp IIIITHADec 15, 2025$200MNasdaqCantorSearching for a target
Twelve Seas Investment Co III/CaymanTWLVDec 12, 2025$150MNasdaqCohen & Company Capital MarketsSearching for a target
Karbon Capital Partners Corp.KBONDec 12, 2025$300MNasdaq Global MarketKarbon Capital PartnersSearching for a target
Bluerock Acquisition Corp.BLRKDec 12, 2025$150MNasdaq Global MarketCantorDeal announced: Bitonic Technology Labs Inc. d/b/a Yellow.ai
Meshflow Acquisition CorpMESHDec 11, 2025$300MNasdaq Global MarketCantorDeal announced: HGP Intelligent Energy, LLC
Daedalus Special Acquisition Corp.DSACDec 10, 2025$225MNasdaqBTIGSearching for a target
Activate Energy Acquisition Corp.AEAQDec 5, 2025$200MNasdaqBTIGSearching for a target
Leapfrog Acquisition CorpLFACDec 5, 2025$125MNasdaqBTIGSearching for a target
New America Acquisition I Corp.NWAXDec 4, 2025$300MNYSED. Boral CapitalSearching for a target
Safeguard Acquisition Corp.SACDec 4, 2025$200MNew York Stock ExchangePresident & CEO of TriumphSearching for a target
SilverBox Corp VSBXEDec 3, 2025$240MNew York Stock ExchangeSilverBoxSearching for a target
General Purpose Acquisition Corp.GPACDec 3, 2025$200MNasdaq Global MarketUnited OverseasSearching for a target
Bitcoin Infrastructure Acquisition Corp LtdBIXIDec 2, 2025$200M——Searching for a target
SC II Acquisition Corp.SCIINov 26, 2025$150MNasdaqD. Boral CapitalSearching for a target
Invest Green Acquisition CorpIGACNov 25, 2025$150MNasdaq Global Market—Searching for a target
Hall Chadwick Acquisition CorpHCACNov 21, 2025$180MNasdaqCohen & Company Capital MarketsDeal announced: REEcycle Holdings, Inc.
Alussa Energy Acquisition Corp. IIALUBNov 13, 2025$250MNew York Stock ExchangeAlussa Energy Sponsor IISearching for a target
Evolution Global Acquisition CorpEVOXNov 12, 2025$210MNasdaq Global Market—Searching for a target
Blueport Acquisition LtdBPACUNov 12, 2025$50MNasdaq Capital MarketA.G.P.Deal announced: SINGAUTO Inc.
Tailwind 2.0 Acquisition Corp.TDWDNov 7, 2025$150MNasdaq Global Market—Searching for a target
Crown Reserve Acquisition Corp. ICRACUNov 6, 2025$150MNasdaqKingswoodDeal announced: Carvix, Inc.
Central Tactical Acquisitions Inc.RUBINov 6, 2025—Nasdaq Capital MarketMaxim GroupSearching for a target
Westin Acquisition CorpWSTNUNov 5, 2025$50MNasdaq Capital MarketA.G.P.Deal announced: First Choice Healthcare Solutions, Inc.
Cantor Equity Partners V, Inc.CEPVNov 4, 2025$220MNasdaq Global MarketCantorSearching for a target
Viking Acquisition Corp. I—Oct 31, 2025$200MNew York Stock ExchangeClear StreetMerger completed: NorthStar Earth & Space Inc.
Insight Digital Partners IIDYOROct 30, 2025$150MNasdaq Global Market—Searching for a target
Dynamix Corp IIIDNMXOct 30, 2025$175MNasdaq Global MarketDynamixSearching for a target
Apex Treasury CorpAPXTOct 28, 2025$300MNasdaq Global Market—Deal announced: TECfusions, Inc.
LaFayette Acquisition Corp.LAFAOct 24, 2025$100MNasdaq—Searching for a target
Calisa Acquisition CorpALISOct 22, 2025$60MNasdaq—Deal announced: Goodvision AI Inc.
Harvard Ave Acquisition CorpHAVAOct 22, 2025———Deal announced: OAG International Ltd
Miluna Acquisition CorpMMTXOct 22, 2025$60MNasdaq Global MarketLykos InternationalDeal announced: CADV Ventures S.A. (via parent Kukugan Invest)
Lake Superior Acquisition CorpLKSPOct 7, 2025$100M——Deal announced: Openmarkets Group Pty Ltd
AI Infrastructure Acquisition Corp.AIIAOct 6, 2025$120MNew York Stock ExchangeMaxim GroupSearching for a target
Range Capital Acquisition Corp IIRNGTOct 6, 2025$200MNasdaqBTIGSearching for a target
GigCapital8 Corp.GIWOct 6, 2025$220MNasdaq Global Market—Deal announced: Quantisimo Corp. (WISeKey/SEALSQ quantum platform)
Rice Acquisition Corp 3KRSPOct 2, 2025$300MNew York Stock ExchangeBarclaysSearching for a target
AA Mission Acquisition Corp. IIYCYOct 2, 2025$100MNYSE—Searching for a target
StoneBridge Acquisition II CorpAPACOct 1, 2025$50M—ScienitiSearching for a target
Bain Capital GSS Investment Corp.BCSSSep 30, 2025$400MNew York Stock ExchangeBain CapitalSearching for a target
BTC Development Corp.BDCISep 30, 2025$220MNasdaq Global MarketStifelSearching for a target
Battery Future Acquisition Corp—Sep 30, 2025—Nasdaq—Merger completed: Class Over Inc.
American Exceptionalism Acquisition Corp. AAEXASep 29, 2025$300MNew York Stock ExchangeSupporters of Social CapitalSearching for a target
FutureCrest Acquisition Corp.FCRSSep 26, 2025$250MNew York Stock ExchangeFutuSearching for a target
Emmis Acquisition Corp.—Sep 26, 2025$100MNasdaqI-BankersLiquidated
Drugs Made In America Acquisition II Corp.DMIISep 25, 2025$500MNasdaq Global MarketCantorSearching for a target
Galata Acquisition Corp. IILATASep 19, 2025$150MNasdaqBTIGSearching for a target
Chenghe Acquisition III Co.CHECSep 17, 2025$110MNasdaq Global Market—Searching for a target
OTG Acquisition Corp. IOTGASep 12, 2025$200MNasdaq—Searching for a target
Trailblazer Acquisition Corp.BLZRSep 11, 2025$240MNasdaq Global MarketCantorSearching for a target
Talon Capital Corp.TLNCSep 9, 2025$225MNasdaq—Searching for a target
GSR IV Acquisition Corp.GSRFSep 5, 2025$200MNasdaq Global MarketBenchmarkSearching for a target
M3-Brigade Acquisition VI Corp.MBVIAug 27, 2025$300MNasdaqIII PartnersSearching for a target
CSLM Digital Asset Acquisition Corp III, LtdKOYNAug 27, 2025$200M——Deal announced: First Digital Group Ltd.
Cantor Equity Partners IV, Inc.CEPFAug 21, 2025$400MNasdaq Global MarketCantorSearching for a target
Highview Merger Corp.HVMCAug 12, 2025$200MNasdaq Global MarketPresident of Marubeni Growth CapitalSearching for a target
McKinley Acquisition CorpMKLYUAug 12, 2025$150MNasdaq Global Market—Deal announced: Space-Eyes, Inc.
Starry Sea Acquisition CorpSSEAUAug 8, 2025$50M——Deal announced: SuperiorMed Healthcare Group (SuperiorMed Holdings Limited)
Quantumsphere Acquisition CorpQUMSAug 7, 2025$72MNasdaq Global MarketKingswoodDeal announced: Fortune Favor Technology Inc.
HCM III Acquisition Corp.HCMAAug 4, 2025$220MNasdaqCantorSearching for a target
D. Boral ARC Acquisition I Corp.—Aug 1, 2025$250MNasdaqD. Boral CapitalMerger completed: Exascale Labs Inc.
A Paradise Acquisition Corp.—Jul 30, 2025$200MNasdaq—Merger completed: Enhanced Ltd
Pyrophyte Acquisition Corp. IIPAIIJul 17, 2025$175MNew York Stock Exchange—Deal announced: Sakuu Corporation
Solarius Capital Acquisition Corp.SOCAJul 16, 2025$150MNasdaq Global MarketCambridge International PartnersSearching for a target
Silver Pegasus Acquisition Corp.SPEGJul 15, 2025$100MNasdaq—Searching for a target
Globa Terra Acquisition CorpGTERAJul 9, 2025—Nasdaq Global Market—Searching for a target
EQV Ventures Acquisition Corp. IIEVACJul 3, 2025$420MNew York Stock ExchangeBTIGSearching for a target
Origin Investment Corp IORIQJul 3, 2025$60MNasdaqThinkEquitySearching for a target
1RT Acquisition Corp.ONCHJul 2, 2025$150MNasdaq Global MarketRoundTable PartnersSearching for a target
Vendome Acquisition Corp IVNMEJul 2, 2025$200MNasdaqD. Boral CapitalSearching for a target
NMP Acquisition Corp.NMPAUJul 2, 2025$100MNasdaq—Deal announced: GTS Holdings, LLC (Gibson Technical Services)
Indigo Acquisition Corp.INACJul 1, 2025$100MNasdaqExperienced PartnersSearching for a target
Cohen Circle Aqusition Corp. IICCIIJul 1, 2025$220MNasdaqClear StreetSearching for a target
FIGX Capital Acquisition Corp.FIGXJun 30, 2025$131MNasdaqFIGX CapitalSearching for a target
Yorkville Acquisition Corp.MCGAJun 30, 2025$150MNasdaq Global Market—Searching for a target
LightWave Acquisition Corp.LWACJun 26, 2025$187.5MNasdaqBTIGSearching for a target
Cantor Equity Partners III, Inc.—Jun 26, 2025$240MNasdaq Global MarketCantorMerger completed: AIR Limited (Jersey)
Oxley Bridge Acquisition LtdOBAJun 25, 2025$220MNasdaqOxley Bridge AcquisitionSearching for a target
Pioneer Acquisition I CorpPACHJun 20, 2025$220MNasdaqCantorDeal announced: Green AI Cloud, Inc.
Axiom Intelligence Acquisition Corp 1AXINUJun 18, 2025$175MNasdaq Global Market—Deal announced: Terra Quantum AG
BEST SPAC I Acquisition Corp.BSAAUJun 13, 2025$55MNasdaq Capital Market—Deal announced: HDEducation Group Limited
Blue Acquisition CorpBACCUJun 13, 2025$175MNasdaq Global Market—Deal announced: Blockfusion USA, Inc. (Blockfusion Data Centers)
Blue Water Acquisition Corp. IIIBLUWJun 11, 2025$220MNasdaqBTIGSearching for a target
CIrcle Acquisition Public Ltd CoCRCLJun 5, 2025$1.05BNew York Stock Exchange—Searching for a target
JENA ACQUISITION Corp IIJENAMay 29, 2025$200MNYSE—Searching for a target
Wintergreen Acquisition Corp.WTGUUMay 29, 2025$50M——Deal announced: KIKA Technology Inc.
Kochav Defense Acquisition Corp.KCHVMay 28, 2025$220MNasdaq Global Market—Searching for a target
ChampionsGate Acquisition CorpCHPGMay 28, 2025$65M—Clear StreetDeal announced: Futuremain Co., Ltd.
Cal Redwood Acquisition Corp.CRAQMay 23, 2025$200MNasdaq Global Market—Searching for a target
Pelican Acquisition Corp—May 23, 2025$75MNasdaq Global MarketEarlyBirdMerger completed: Greenland Exploration Limited / March GL Company
Oyster Enterprises II Acquisition CorpOYSEMay 22, 2025—NasdaqBTIGSearching for a target
ProCap Acquisition CorpPCAPMay 22, 2025$220MNasdaq Global Market—Searching for a target
Armada Acquisition Corp. IIXRPNMay 21, 2025$200MNasdaqNorthlandMerger completed: Evernorth (XRP treasury company)
Columbus Circle Capital Corp. I—May 19, 2025$220MNasdaq Global MarketSantanderMerger completed: ProCap BTC, LLC
WEN Acquisition CorpWENNMay 16, 2025$261MNasdaq Global MarketCantorSearching for a target
Renatus Tactical Acquisition Corp IRTACMay 16, 2025$210MNasdaq Global MarketClear StreetSearching for a target
Thayer Ventures Acquisition Corp IITVAIMay 15, 2025$175MNasdaq—Searching for a target
Churchill Capital Corp X—May 15, 2025$360MNasdaq Global MarketBTIGMerger completed: ColdQuanta, Inc. d/b/a Infleqtion
Perimeter Acquisition Corp. IPMTRMay 14, 2025$210MNasdaqThiel CapitalSearching for a target
EGH Acquisition Corp.EGHAUMay 9, 2025$150MNasdaq Global MarketCohen & Company Capital MarketsDeal announced: Hecate Energy Group, LLC
Dune Acquisition Corp IICCAQMay 8, 2025$125MNasdaq Global MarketClear StreetSearching for a target
Gores Holdings X, Inc. / CIGTENMay 5, 2025$312MNasdaq Global MarketExecutive Officer of The GoresSearching for a target
Cartesian Growth Corporation III—May 5, 2025$240MNasdaq Global MarketCGC III SponsorMerger completed: Factorial Inc.
Cantor Equity Partners II, Inc.—May 2, 2025$240MNasdaq Global MarketCantorMerger completed: Securitize, Inc.
Copley Acquisition CorpCOPLMay 1, 2025$150MNYSE—Searching for a target
Republic Digital Acquisition CoRDAGMay 1, 2025—Nasdaq Global Market—Searching for a target
Berto Acquisition Corp.TACOMay 1, 2025$261MNasdaq Global MarketCohen & Company Capital MarketsSearching for a target
Lakeshore Acquisition III Corp.LCCCApr 30, 2025$60MNasdaq Global MarketA.G.P.Searching for a target
Digital Asset Acquisition Corp.DAAQApr 30, 2025$150MNasdaq Global MarketCohen & Company Capital MarketsDeal announced: Titan Strategics Holdings Ltd
Real Asset Acquisition Corp.—Apr 30, 2025$150MNasdaq Global MarketCohen & Company Capital MarketsMerger completed: IQM Quantum Computers Oyj (f/k/a IQM Finland Oy)
Crane Harbor Acquisition Corp.—Apr 25, 2025$200MNasdaq Global MarketJonesTrading Institutional ServicesMerger completed: Xanadu Quantum Technologies Limited
Inflection Point Acquisition Corp. III—Apr 25, 2025$220MNasdaq Global Market—Merger completed: Air Water Ventures Holdings Limited
Texas Ventures Acquisition III CorpTVAApr 23, 2025$200MNasdaq Global MarketClear StreetDeal announced: Plus Automation, Inc. (PlusAI)
Titan Acquisition Corp.TACHApr 10, 2025$240MNasdaq—Deal announced: OpenPayd Holdings Limited
Soulpower Acquisition Corp.SOULApr 3, 2025$220MNew York Stock ExchangeSoulpower Acquisition SponsorDeal announced: SWB LLC (via Pubco SWB Holdings)
Siddhi Acquisition Corp (Cayman Islands)SDHIApr 1, 2025$240MNasdaq Global MarketTable of Contents Siddhi CapitalSearching for a target
UY Scuti Acquisition Corp.UYSCApr 1, 2025$50MNasdaq Capital Market—Deal announced: Isdera Group Limited (parent of Xinghui Automotive Technology (Hainan) Co., Ltd)
Gesher Acquisition Corp. IIGSHRMar 21, 2025$125MNasdaq Global MarketBTIGSearching for a target
Quartzsea Acquisition CorpQSEAMar 19, 2025$72MNasdaq Global MarketKingswoodDeal announced: Eight Directions Technology Limited
NewHold Investment Corp. III—Mar 3, 2025$175M——Merger completed: newcleo plc
Fifth Era Acquisition Corp IFERAFeb 28, 2025$200MNasdaqCantorDeal announced: SMT Holdings Limited
Live Oak Acquisition Corp. V—Feb 28, 2025$200MNasdaqLive Oak Merchant PartnersMerger completed: Teamshares Inc.
Rithm Acquisition Corp.RACFeb 27, 2025$200MNew York Stock ExchangeFortress InvestmentSearching for a target
Artius II Acquisition Inc.—Feb 14, 2025$200MNasdaqArtius II AcquisitionLiquidated
Inflection Point Acquisition Corp. V—Feb 13, 2025$75MNasdaq Global MarketEuropean DismantlerMerger completed: GOWell Technology Limited
Archimedes Tech SPAC Partners II Co.ATIIFeb 11, 2025$200MNasdaq Global MarketBTIGDeal announced: Forge Nano, Inc.
RedHawk Acquisition I Corp.—Feb 11, 2025———Liquidated
K&F Growth Acquisition Corp. IIKFIIFeb 6, 2025$250MNasdaq Global Market—Searching for a target
Stellar V Capital Corp. (Cayman Islands)SVCCJan 30, 2025$150M—BTIGSearching for a target
Drugs Made In America Acquisition Corp.DMAAJan 29, 2025$200MNasdaqClear StreetDeal announced: Power Analytics Global Corp
FG Merger II Corp.—Jan 29, 2025$80MNasdaq Global MarketThinkEquityMerger completed: BOXABL Inc. (Nevada)
Columbus Acquisition Corp—Jan 24, 2025$60M——Merger completed: WISeSat.Space Corp.
Hennessy Capital Investment Corp. VII—Jan 17, 2025$175MNasdaq Global MarketClear StreetMerger completed: ONE Nuclear Energy LLC
Ribbon Acquisition Corp.RIBBJan 16, 2025$50M——Deal announced: DRC Medicine Ltd
Plum Acquisition Corp. IVPLMKJan 15, 2025$150MNasdaqBenjaminDeal announced: Controlled Thermal Resources Holdings Inc.
Cantor Equity Partners I, Inc.CEPOJan 7, 2025$200MNasdaq Global MarketCantorSearching for a target

SPAC underwriters, 2025 · SPAC law firms, 2025