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Underwriter

ThinkEquity

Active in SPAC underwriting from Nov 3, 2021 to Jan 20, 2026.

All banks

Mandates

3

1 bookrun

Deal volume

$309.5M

gross proceeds, full credit

Disclosed allocation

$310.0M

units × $10 unit price

Live vehicles

2

searching or announced

Completion rate

0%

0 closed vs 1 liquidated

ThinkEquity SPAC mandates by year

3 mandates between 2021 and 2026. Busiest year 2021 with 1.

20212026

Mandates

Every SPAC IPO this house was named on, newest first, with the role the cover page credited and the units the underwriting agreement assigned.

SPACRoleStatusIPODeal sizeAllocation
FG Imperii Acquisition Corp.FGIIUnderwriterSearchingJan 20, 2026$225.9M$150.0M
Origin Investment Corp IORIQBookrunnerSearchingJul 3, 2025$69.0M$60.0M
TG Venture Acquisition Corp.UnderwriterLiquidatedNov 3, 2021$14.6M$100.0M

Analyst questions

ThinkEquity and SPACs, answered

The questions a desk actually asks about a bank's blank-check franchise, answered from ThinkEquity's own mandates rather than from generic explainer copy.

Which SPACs has ThinkEquity underwritten?

ThinkEquity appears on the underwriting syndicate of 3 special purpose acquisition company IPOs in our index, including FG Imperii Acquisition Corp. (FGII), Origin Investment Corp I (ORIQ) and TG Venture Acquisition Corp.. The full list, with the role credited on each cover page, is in the mandates table on this page.

How many SPAC IPOs has ThinkEquity book-run?

ThinkEquity was credited as a book-running manager on 1 of its 3 SPAC mandates, 33% of them. The remainder are co-manager or syndicate positions, where the economics and the sponsor relationship sit elsewhere.

How much SPAC capital has ThinkEquity underwritten?

$309.5M of gross proceeds across every offering ThinkEquity 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: $310.0M, being the units the underwriting agreements assigned to ThinkEquity specifically, priced at the $10 standard SPAC unit.

What is the largest SPAC IPO ThinkEquity has worked on?

FG Imperii Acquisition Corp. (FGII), which raised $225.9M in Jan 2026. ThinkEquity was credited as a syndicate member on that offering.

Which ThinkEquity SPACs completed a business combination?

None of the SPACs ThinkEquity underwrote has yet reported a completed business combination in the filings we index. 2 remain live and 1 returned their trust.

Which ThinkEquity SPACs are still looking for a target?

2 vehicles ThinkEquity took public are still live, either searching or working towards an announced combination: FG Imperii Acquisition Corp. (FGII) and Origin Investment Corp I (ORIQ). Their combination deadlines are on each profile.

What is ThinkEquity's SPAC completion rate?

0%. Of the 1 vehicles ThinkEquity underwrote that have already resolved, 0 closed a business combination and 1 liquidated. The market-wide figure is 13.2%, so ThinkEquity sits below 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.

Which ThinkEquity SPAC performed best after its merger?

We hold a current quote for none of ThinkEquity's closed deals, so no comparison is possible here. Post-merger price history is not part of our dataset, and we would rather say so than imply a ranking the data does not support. What this page does show is the outcome of every vehicle and the trust economics disclosed at the time.

Which sponsors does ThinkEquity work with most?

FG Imperii Investors (1 deal), Origin Equity (1 deal) and Tsangs (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.

Which banks does ThinkEquity share SPAC syndicates with?

Most often EarlyBirdCapital (1). 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.

When did ThinkEquity start underwriting SPACs, and is it still active?

Its first SPAC IPO in our index priced Nov 3, 2021 and the most recent Jan 20, 2026. 2 of its vehicles are still live, so the franchise is active.

What was ThinkEquity's busiest year in SPACs?

2021, with 1 mandate worth $14.6M 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.

What size of SPAC does ThinkEquity typically underwrite?

The average offering it has been named on raised $103.2M, against a range from $14.6M to $225.9M. 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.

Which sectors do ThinkEquity's SPACs target?

Financial Services (1), Generalist (1), Technology (1) and Aerospace & Defense (1). 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.

Where do ThinkEquity's SPACs list?

Nasdaq (2). Listing venue is taken from the exchange record on the registrant's SEC profile.

How many of ThinkEquity's SPACs liquidated?

1. 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.

Where does this ThinkEquity data come from?

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 ThinkEquity itself.

Compiled by the SPACListing research desk

Last reconciled Aug 14, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally IPO prospectuses (Form 424B4), current reports (Form 8-K), delisting notices (Form 25-NSE). Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.