Morgan Stanley

2020
SPAC Newco Ticker Closing Date Role Deal EV ($MM) Share Advisor Credit ($MM) Current Stock Price
VectoIQ Acquisition Corp. NKLA 6/3/2020 advisor-seller 3,324.0 1/3 1,108.0 $20.48
Boxwood Merger Corp. ATCX 2/14/2020 advisor-SPAC 654.5 1/8 81.8 $8.82
Gores Holdings III, Inc. PAE 2/10/2020 advisor-SPAC 1,550.0 1/5 310.0 $8.50
Mosaic Acquisition Corp. VVNT 1/17/2020 advisor-SPAC 4,100.0 1/7 585.7 $17.08
9,628.5 2,085.5

2019
SPAC Newco Ticker Closing Date Role Deal EV ($MM) Share Advisor Credit ($MM) Current Stock Price
Capitol Investment Corp. IV NSCO 7/31/2019 advisor-seller 1,086.0 1/4 271.5 $4.15
Thunder Bridge Acquisition, Ltd. RPAY 7/11/2019 advisor-SPAC 580.7 1/5 116.1 $23.50
Churchill Capital Corp. CCC 5/13/2019 advisor-seller 4,200.0 1/6 700.0 $30.99
5,866.7 1,087.6

2018
SPAC Newco Ticker Closing Date Role Deal EV ($MM) Share Advisor Credit ($MM) Current Stock Price
Silver Run Acquisition Corporation II AMR 2/9/2018 advisor-seller 3,800.0 1/7 542.9 $0.08
3,800.0 542.9

2017
SPAC Newco Ticker Closing Date Role Deal EV ($MM) Share Advisor Credit ($MM) Current Stock Price
Quinpario Acquisition Corp. 2 XELA 7/12/2017 advisor-seller 2,700.0 1/7 385.7 $0.38
2,700.0 385.7

2016
SPAC Newco Ticker Closing Date Role Deal EV ($MM) Share Advisor Credit ($MM) Current Stock Price
Gores Holdings, Inc. TWNK 11/4/2016 advisor-SPAC 2,292.0 1/7 327.4 $12.33
2,292.0 327.4

Advisor credit is shared equally among all advisors on a given deal, as a proportion of the enterprise value of the target company acquired by the SPAC. Firms with multiple advisory roles receive credit for each role.