EF Hutton

EF Hutton appears on the underwriting syndicate of 44 special purpose acquisition company IPOs in our index, including OceanLight Acquisition Corp (OCLT), Futurewave Acquisition Corp (FWAC), FortuneX Acquisition Corp (FXAC) and GSR V Acquisition Corp. (GSRV). The full list, with the role credited on each cover page, is in the mandates table on this page.

EF Hutton was credited as a book-running manager on 32 of its 44 SPAC mandates, 73% of them. The remainder are co-manager or syndicate positions, where the economics and the sponsor relationship sit elsewhere.

$4.9B of gross proceeds across every offering EF Hutton was named on. That is the conventional league-table measure, which credits the full deal to each syndicate member. The narrower figure is its own allocation: $1.1B, being the units the underwriting agreements assigned to EF Hutton specifically, priced at the $10 standard SPAC unit.

Trump Media & Technology Group Corp. (DJT), which raised $311M in Sep 2021. EF Hutton was credited as a book-running manager on that offering.

16 of the SPACs EF Hutton underwrote closed a combination: GSR III Acquisition Corp., Hadron Energy, Inc., New Horizon Aircraft Ltd., Cetus Capital Acquisition Corp., Global Star Acquisition Inc. and Acri Capital Acquisition Corp. Closing means the vehicle filed a current report reporting completion of the acquisition. That is an outcome, not a return.

17 vehicles EF Hutton took public are still live, either searching or working towards an announced combination: OceanLight Acquisition Corp (OCLT), Futurewave Acquisition Corp (FWAC), FortuneX Acquisition Corp (FXAC), GSR V Acquisition Corp. (GSRV), QuasarEdge Acquisition Corp (QRED) and GalaxyEdge Acquisition Corp (GLED). Their combination deadlines are on each profile.

61.5%. Of the 26 vehicles EF Hutton underwrote that have already resolved, 16 closed a business combination and 10 liquidated. The market-wide figure is 59.5%, so EF Hutton sits above it. SPACs still searching are excluded, because an unfinished clock is not a result. The rate measures the vehicles, not the bank: a syndicate has no control over whether a sponsor finds a target.

Measured against the $10.00 the units were sold at, the only baseline every SPAC shares, the strongest of EF Hutton's closed deals currently is Trump Media & Technology Group Corp. (DJT) at $7 a share, ahead of New Horizon Aircraft Ltd. and Hadron Energy, Inc.. Treat that as a snapshot, not a return: it ignores dividends, splits, warrant exercise and anything that happened in between, because historical price series are not part of our data. For a proper total-return comparison use your market-data provider with the post-merger tickers.

GSR (3 deals), ARC Global (2 deals), OceanLight (1 deal), Mobiv Pte (1 deal) and GigAcquisitions7 (1 deal). Sponsor franchises are resolved from the sponsor entity named in each prospectus, so repeat issuers group together even though every vehicle is a separate legal entity.

Most often Joseph Gunnar & (16), US Tiger Securities (12), B. Riley Securities (9), WestPark Capital (8) and Brookline (7). Syndicate composition is read from the prospectus cover and the underwriting section, so these are co-appearances on the same offering, not a commercial relationship we have any other visibility into.

Its first SPAC IPO in our index priced Jan 6, 2021 and the most recent Aug 7, 2026. 17 of its vehicles are still live, so the franchise is active.

2021, with 14 mandates worth $1.6B of gross proceeds. The chart on this page shows the full year-by-year run, which for most houses traces the 2020-21 boom and the retreat that followed.

The average offering it has been named on raised $111M, against a range from $19.9M to $311M. Deal size is a reasonable proxy for where a house sits in the market: the bulge bracket concentrates on larger trusts, the SPAC specialists on smaller ones.

Technology (21), Generalist (13), Financial Services (7), Healthcare (5) and Aerospace & Defense (3). Mandates are read from charter language in the prospectus and are often deliberately broad. Many SPACs reserve the right to pursue any industry, in which case no sector is tagged at all.

Nasdaq (15), NYSE (2) and OTC (2). Listing venue is taken from the exchange record on the registrant's SEC profile.

10. A liquidation means the vehicle reached its combination deadline without closing a deal and returned the trust to public shareholders. That is the mechanism working as designed, not a default. Holders who did not redeem got their pro-rata share of the trust back.

Every figure is read from filings the registrants made with the SEC. Syndicate membership and role come from the prospectus cover and the underwriting section of each IPO prospectus (Form 424B4); outcomes come from the filing record: a current report announcing completion, or a delisting notice ending a liquidation. Nothing here is sourced from press coverage or from EF Hutton itself.