Monthly report
The blank-check market in Apr 2025
Every lifecycle event the filing record places in Apr 2025: IPOs that priced, combinations announced and closed, and trusts returned.
IPOs priced
10
Capital raised
$2.3B
Deals announced
8
Deals closed
3
Liquidations
7
Filing sentiment index
Formation and attrition are roughly in balance against the last decade.
Issuance
8110 IPOs priced
Pipeline
8437 new registrations
Deal formation
668 combinations announced
Completion balance
4039.5 % of resolutions were closings
Attrition
217 liquidations
IPOs priced 10
- Completed
- Trust
- $179M
- Per share
- —
- IPO
- Apr 2025
- Deadline
- —
- Approved
- Trust
- $263M
- Per share
- $10.60
- IPO
- Apr 2025
- Deadline
- —
- Completed
- Trust
- $226M
- Per share
- —
- IPO
- Apr 2025
- Deadline
- —
- Announced
- Trust
- $237M
- Per share
- —
- IPO
- Apr 2025
- Deadline
- Oct 24, 20265d
- Announced
- Trust
- $315M
- Per share
- $10.51
- IPO
- Apr 2025
- Deadline
- Apr 25, 2027188d
- Announced
- Trust
- $291M
- Per share
- $10.53
- IPO
- Apr 2025
- Deadline
- Apr 10, 2027173d
- Announced
- Trust
- $262M
- Per share
- $10.68
- IPO
- Apr 2025
- Deadline
- Apr 3, 2027166d
- Announced
- Trust
- $35.6M
- Per share
- $10.75
- IPO
- Apr 2025
- Deadline
- Apr 1, 2027164d
- Searching
- Trust
- $291M
- Per share
- $10.55
- IPO
- Apr 2025
- Deadline
- Jan 2, 202775d
- Announced
- Trust
- $241M
- Per share
- —
- IPO
- Apr 2025
- Deadline
- Apr 3, 2027166d
Combinations announced 8
- Announced
- Trust
- $26.0M
- Per share
- $12.24
- IPO
- Mar 2024
- Deadline
- Jun 22, 2025
- Announced
- Trust
- $272M
- Per share
- $10.76
- IPO
- Aug 2024
- Deadline
- —
- Completed
- Trust
- —
- Per share
- —
- IPO
- Aug 2024
- Deadline
- —
- Completed
- Trust
- $236M
- Per share
- $10.17
- IPO
- Nov 2024
- Deadline
- —
- Completed
- Trust
- $558M
- Per share
- $11.16
- IPO
- Apr 2023
- Deadline
- —
- Announced
- Trust
- $2.5M
- Per share
- $10.54
- IPO
- Dec 2021
- Deadline
- Oct 14, 2025
- Announced
- Trust
- $27.8M
- Per share
- $10.98
- IPO
- Sep 2024
- Deadline
- Sep 19, 2026
- Liquidated
- Trust
- —
- Per share
- —
- IPO
- —
- Deadline
- —
Combinations completed 3
- Completed
- Trust
- $2.0M
- Per share
- $10.07
- IPO
- Mar 2021
- Deadline
- —
- Completed
- Trust
- $4.1M
- Per share
- $10.28
- IPO
- Oct 2021
- Deadline
- —
- Completed
- Trust
- $113M
- Per share
- —
- IPO
- Jun 2022
- Deadline
- —
Trusts returned 7
- Completed
- Trust
- $4.1M
- Per share
- $10.28
- IPO
- Oct 2021
- Deadline
- —
- Liquidated
- Trust
- $8.2M
- Per share
- $10.92
- IPO
- May 2022
- Deadline
- —
- Liquidated
- Trust
- $9.4M
- Per share
- $10.67
- IPO
- Oct 2022
- Deadline
- —
- Liquidated
- Trust
- $7.1M
- Per share
- —
- IPO
- Nov 2021
- Deadline
- —
- Approved
- Trust
- $856K
- Per share
- $11.54
- IPO
- Nov 2021
- Deadline
- —
- Liquidated
- Trust
- $31.9M
- Per share
- $11.71
- IPO
- Sep 2021
- Deadline
- Nov 28, 2024
- Liquidated
- Trust
- $56.2M
- Per share
- $10.41
- IPO
- Nov 2021
- Deadline
- —
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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