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Industry Reports

Quarter 1 (2024)

Quarter 4 (2023)

Quarter 3 (2023)

Quarter 2 (2023)


A special purpose acquisition company (“SPAC”) is a company without commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company.

Also known as blank check companies, SPACs have existed for decades, but the industry has seen rapid growth in recent years.

Houlihan Capital provides a quarterly report for the SPAC industry. This report provides:

  • Quarterly Statistics
  • De-SPAC Performance – Closed Business Combinations
  • Cash for Close Trends – Redemptions, PIPEs
  • Competition for De-SPAC – Searching Capital
  • IPO Trends