I-Bankers Securities

I-Bankers Securities appears on the underwriting syndicate of 90 special purpose acquisition company IPOs in our index, including Aperture AC (APUR), Breeze Acquisition Corp. II (BREZ), RF Acquisition Corp III (RFAM) and Emmis Acquisition Corp. (EMIS). The full list, with the role credited on each cover page, is in the mandates table on this page.

I-Bankers Securities was credited as a book-running manager on 25 of its 90 SPAC mandates, 28% of them. The remainder are co-manager or syndicate positions, where the economics and the sponsor relationship sit elsewhere.

$26.0B of gross proceeds across every offering I-Bankers Securities 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: $1.8B, being the units the underwriting agreements assigned to I-Bankers Securities specifically, priced at the $10 standard SPAC unit.

Cheer Holding, Inc. (CHR), which raised $10.0B in Aug 2018. I-Bankers Securities was credited as a co-manager on that offering.

56 of the SPACs I-Bankers Securities underwrote closed a combination: Distoken Acquisition Corp, Cardio Diagnostics Holdings, Inc., Gesher I Acquisition Corp., LanzaTech Global, Inc., Good Works II Acquisition Corp. and FLYEXCLUSIVE INC.. Closing means the vehicle filed a current report reporting completion of the acquisition. That is an outcome, not a return.

5 vehicles I-Bankers Securities took public are still live, either searching or working towards an announced combination: Aperture AC (APUR), Breeze Acquisition Corp. II (BREZ), RF Acquisition Corp III (RFAM), Emmis Acquisition Corp. (EMIS) and byNordic Acquisition Corp (BYNO). Their combination deadlines are on each profile.

67.5%. Of the 83 vehicles I-Bankers Securities underwrote that have already resolved, 56 closed a business combination and 27 liquidated. The market-wide figure is 59.5%, so I-Bankers Securities 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 I-Bankers Securities's closed deals currently is Ouster, Inc. (OUST) at $29 a share, ahead of BlackSky Technology Inc. and WillScot Holdings Corp. 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.

Breeze (2 deals), Hennessy Capital (2 deals), Global (2 deals), Vistas Media (1 deal) and Millennium Sustainable (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 EarlyBirdCapital (29), BTIG (15), Ladenburg Thalmann (15), Credit Suisse (10) and Ingalls & Snyder (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 Jul 21, 2006 and the most recent May 22, 2026. 5 of its vehicles are still live, so the franchise is active.

2021, with 22 mandates worth $3.9B 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 $296M, against a range from $729K to $10.0B. 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 (23), Generalist (17), Financial Services (16), Healthcare (10) and Industrials (10). 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 (22), NYSE (4) and OTC (2). Listing venue is taken from the exchange record on the registrant's SEC profile.

27. 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 I-Bankers Securities itself.