SPAC Research

The premier resource for information on US-listed
Special Purpose Acquisition Companies

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US SPAC IPO Issuance

Year Amount Raised ($bn) # IPOs Average Size ($mm)
2020 3.9 13 301.9
2019 13.6 59 230.5
2018 10.8 46 233.7
2017 10.0 34 295.5
2016 3.5 13 269.2
2015 3.9 20 195.1
2014 1.8 12 145.8
2013 1.4 10 144.7

Active SPAC Summary

Group # of SPACs Amount in Trust
Total Active 99 $22,797,588,497
Announced business combinations 17 $3,273,655,846
Seeking target 82 $19,523,932,651
Pre-IPO 12 $2,600,000,000*

Latest SPAC News

Apr 7 2020

The business combination of Pensare Acquisition Corp. and Stratos Management Systems, Inc. has been completed

  • The combined company will be named American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT)

Pensare Acquisition Corp. is pleased to announce that it has completed its previously announced business combination with Stratos Management Systems, Inc. and its operating companies, which do business as Computex Technology Solutions (“Computex”), a leading IT Solutions and Managed Services Provider (MSP) with a 30-year legacy of success

  • The business combination was approved at a special meeting of stockholders of Pensare on February 27, 2020, and closed on April 7, 2020
  • In connection with the transaction, Pensare has changed its name to American Virtual Cloud Technologies
  • The shares of common stock of AVCT are expected to begin trading on the Nasdaq tomorrow, April 8, 2020, under the symbol “AVCT” and the warrants of AVCT are expected to trade on the Nasdaq under the symbol “AVCTW”
  • Share redemption statistics not provided

Apr 3 2020

Pensare Acquisition Corp. today announced that it intends to close the previously announced business combination with Stratos Management Systems, Inc. (“Computex”) on or about Monday, April 6, 2020

Apr 2 2020

The Offer expired at 11:59 p.m., Eastern Time, on Tuesday, March 31, 2020

  • Based upon information provided by Continental Stock Transfer & Trust Company, the depositary for the Offer, 2,829,307 Public Warrants were validly tendered in the Offer (90% of outstanding public warrants)
  • 328,888 public warrants and 10,280,000 private placement warrants remain outstanding

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This service is aimed at industry professionals and asset managers who are familiar with the SPAC structure. SPAC Research does not make investment recommendations or perform fundamental analysis of target companies.