SPAC Research

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Special Purpose Acquisition Companies

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US SPAC IPO Issuance

Year Amount Raised ($bn) # IPOs Average Size ($mm)
2020 12.3 39 315.8
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 114 $29,040,103,215
Announced business combinations 18 $3,677,594,419
Seeking target 96 $25,362,508,796
Pre-IPO 15 $6,115,600,000*

Latest SPAC News


Jul 10 2020

Notes

  • Each warrant entitles the holder to purchase 1/2 of one share of common stock at $11.50 per whole share (was previously 3/4 of one share)
  • PTK’s sponsor will purchase 6,800,000 warrants at $0.50 (was previously 4,533,333 warrants at $0.75)
    • At-risk purchase remains $3.4mm
  • Warrant redemption price increased from $16.50 to $18.00
  • Up to $1,000,000 of sponsor loans convertible into warrants at $0.50 (was previously $1.5mm at $0.75)

Special Meeting to be held at 10:00 a.m. EST on 7/23/2020 at the offices of BRPA's special counsel, Graubard Miller, 405 Lexington Avenue, 11th Floor, New York, New York 10174

  • Record Date: 7/2/2020
  • Redemption Deadline: 7/21/2020

Meeting Agenda

  • Extension Amendment - to extend the date by which BRPA has to consummate a business combination from 7/23/2020 to 12/23/2020
  • Early Termination Proposal - to approve the early winding up of BRPA and redemption of 100% of the outstanding public shares if the board of directors determines that it will be unable to consummate an initial business combination by the Extended Date

Notes

  • BRPA will deposit $0.02 for each public share that is not converted in connection with the extension, for each monthly period, or portion thereof, that is needed by BRPA to complete an initial business combination from 7/23/2020 until 12/23/2020
  • Holders of public shares do not need to vote on the extension amendment proposal or be a holder of record on the record date to exercise conversion rights

Jul 9 2020
424B4 IPO Prospectus

Additional 5mm units sold out of possible 10.5mm

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