1Q21 was record breaking with 298 SPACs raising ~ $88 billion* excluding over-allotments. 2021 has already surpassed 2020's record year by deal value and volume. Aside from the historical number of SPAC IPOs, 24 business combinations completed, and 94 SPACs announced their target in the quarter, lending to what will be a record year for De-SPACs. Although there have been some recent pauses in SPAC activity due to the SEC's review of accounting rules specific to warrants, 2Q21 looks to remain active as 430+ SPACs are out searching for their business combination giving many private companies alternatives to a traditional IPO and access to public market liquidity.
Thought Leadership • April 15, 2021
