Ticker LaunchSPAC market statistics
154 SPACs have priced IPOs in 2026, raising $26.14B; 38 SPAC mergers have closed and 8 SPACs have liquidated. Shareholders redeemed a median 81.3% of public shares at this year's closing votes. Read from SEC filings and updated each weekday.
SPAC IPOs by year
Redemptions at the merger vote
| Quarter closed | Median redeemed | Closings |
|---|---|---|
| 2026 Q4 | 96.4% | 3 |
| 2026 Q3 | 72.7% | 7 |
| 2026 Q2 | 83.5% | 8 |
| 2026 Q1 | 75.8% | 3 |
| 2025 Q4 | 53.9% | 5 |
| 2025 Q3 | 63.8% | 6 |
| 2025 Q1 | 96.2% | 3 |
| 2024 Q4 | 92.2% | 7 |
The share of public shares outstanding before the merger vote that were redeemed for cash from the trust, as reported in each closing filing. Redemptions at earlier extension votes are not included. Quarters with fewer than three reported closings are left out.
Year by year
| Year | SPAC IPOs | Raised | Deals announced | Mergers closed | Liquidations | Median redeemed at close | Months from IPO to close |
|---|---|---|---|---|---|---|---|
| 2026 (to date) | 154 | $26.14B | 77 | 38 | 8 | 81.3% | 19 |
| 2025 | 145 | $26.17B | 61 | 44 | 17 | 82.6% | 33 |
| 2024 | 54 | $8.36B | 48 | 72 | 56 | 90.2% | 31 |
| 2023 | 34 | $3.29B | 91 | 98 | 201 | 87.0% | 24 |
| 2022 | 81 | $11.47B | 114 | 103 | 147 | 87.5% | 16 |
| 2021 | 595 | $132.62B | 225 | 199 | 1 | 59.2% | 11 |
| 2020 | 247 | $70.16B | 92 | 64 | 2 | 22.3% | 19 |
| 2019 | 58 | $10.79B | 34 | 28 | 4 | 62.5% | 18 |
"Deals announced" counts deals that have since closed or are still pending; deals that were later terminated are not counted. Liquidations are dated by the redemption of public shares.
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