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 59.2 160 370.0
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 222 $71,069,546,489
Announced business combinations 51 $12,047,295,831
Seeking target 171 $59,022,250,658
Pre-IPO 63 $14,968,850,000*

Latest SPAC News

Oct 23 2020
  • Offering downsized from $250mm to $200mm
  • Offering downsized from $150mm to $125mm
  • Units to include one share and 3/4 warrant (previously 1/2 warrant)
  • Trust to be funded at 101% ($10.10/share)
  • Time window changed from 24 months to 18 months
  • In lieu of 0.5% of the gross proceeds at IPO, KWAC have agreed to issue to Oppenheimer & Co. Inc., and/or its designees, 62,500 units at IPO
  • Election of Directors Proposal updated
  • Questions and Answers about the Business Combination updated
  • Risk Factors updated
  • Background of the Business Combination updated
  • Certain QuantumScape Projected Financial Information updated
  • Information About QuantumScape updated
  • Company is expected to trade on the NYSE under symbols "QS" and "QS.W"
Initial S-1
  • AmeriVet Securities and Academy Securities added as underwriters
  • Affiliates of Rice Investment Group, including members of management and owners of the sponsor, indicated interest in purchasing up to 10% of the IPO units (previously 7.5%)
424B4 IPO Prospectus

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