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28 SPAC mergers that have outperformed in 2023

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After a dismal 2022, a number of SPAC mergers have outperformed this year alongside a strong rebound in IPO returns and the broader stock market. While most de-SPACs continue to trade below the $10 transaction price, investors may be finding hidden gems among...read more

15 profitable SPAC mergers that have traded up from listing

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About 440 companies have listed via SPAC mergers in the past five years, with only 9% (40) currently trading above their original IPO price. Below, we highlight the 15 de-SPACs in that group that are sizable, have positive revenue growth and EBITDA, and decent...read more

Special Report: SPAC merger returns crumble, upending the 2022 SPAC market

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After last year’s SPAC boom, 2022 has started off as a bust. Of the 199 companies that went public via SPAC merger in 2021, only 11% trade above the offer price, and the group averages a -43% return. Completed SPAC mergers (de-SPACs) have performed...read more

Updated: SPAC returns fall short of traditional IPO returns on average

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We’ve updated our July blog post for quarter-end returns and new commentary. In the third quarter, a record-breaking ...read more