Monthly report
The blank-check market in Mar 2025
Every lifecycle event the filing record places in Mar 2025: IPOs that priced, combinations announced and closed, and trusts returned.
IPOs priced
4
Capital raised
$435M
Deals announced
3
Deals closed
4
Liquidations
9
Filing sentiment index
Formation and attrition are roughly in balance against the last decade.
Issuance
604 IPOs priced
Pipeline
7625 new registrations
Deal formation
483 combinations announced
Completion balance
4140.7 % of resolutions were closings
Attrition
169 liquidations
IPOs priced 4
- Searching
- Trust
- $151M
- Per share
- $10.53
- IPO
- Mar 2025
- Deadline
- Dec 24, 202666d
- Announced
- Trust
- $74.6M
- Per share
- —
- IPO
- Mar 2025
- Deadline
- Jun 23, 2026
- Announced
- Trust
- —
- Per share
- —
- IPO
- Mar 2025
- Deadline
- —
- Approved
- Trust
- $213M
- Per share
- $10.58
- IPO
- Mar 2025
- Deadline
- Mar 3, 2027135d
Combinations announced 3
- Completed
- Trust
- —
- Per share
- —
- IPO
- Aug 2024
- Deadline
- —
- Approved
- Trust
- $25.5M
- Per share
- $11.08
- IPO
- Oct 2022
- Deadline
- —
- Completed
- Trust
- $238M
- Per share
- $10.25
- IPO
- Oct 2024
- Deadline
- —
Combinations completed 4
- Completed
- Trust
- $2.9M
- Per share
- $10.36
- IPO
- Oct 2021
- Deadline
- —
- Completed
- Trust
- $269M
- Per share
- $10.77
- IPO
- May 2023
- Deadline
- —
- Completed
- Trust
- $20.3M
- Per share
- $10.10
- IPO
- Dec 2020
- Deadline
- —
- Completed
- Trust
- $36.3M
- Per share
- $10.05
- IPO
- Nov 2021
- Deadline
- —
Trusts returned 9
- Approved
- Trust
- $4.1M
- Per share
- $11.45
- IPO
- Nov 2021
- Deadline
- —
- Announced
- Trust
- $6.2M
- Per share
- $12.16
- IPO
- Nov 2021
- Deadline
- Apr 28, 2023
- Announced
- Trust
- $652K
- Per share
- $10.35
- IPO
- Nov 2021
- Deadline
- Nov 2, 202614d
- Completed
- Trust
- $36.3M
- Per share
- $10.05
- IPO
- Nov 2021
- Deadline
- —
- Completed
- Trust
- $2.0M
- Per share
- $10.07
- IPO
- Mar 2021
- Deadline
- —
- Announced
- Trust
- $1.3M
- Per share
- $11.75
- IPO
- Oct 2021
- Deadline
- Oct 19, 2023
- Announced
- Trust
- $403K
- Per share
- —
- IPO
- Apr 2022
- Deadline
- Jul 18, 2024
- Announced
- Trust
- $21.9M
- Per share
- $10.00
- IPO
- Mar 2021
- Deadline
- Sep 25, 2024
- Announced
- Trust
- $286K
- Per share
- $10.58
- IPO
- Dec 2021
- Deadline
- Mar 29, 2023
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally final IPO prospectuses, merger filings and proxy statements, current reports announcing closings, delisting and deregistration notices. 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.
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