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SPACListing

Monthly report

The blank-check market in Sep 2025

Every lifecycle event the filing record places in Sep 2025: IPOs that priced, combinations announced and closed, and trusts returned.

IPOs priced

12

Capital raised

$3.3B

Deals announced

6

Deals closed

5

Liquidations

2

Filing sentiment index

60.5Warm

New vehicles are pricing faster than the ten-year norm and deals are forming.

0 · frozen50100 · hot
  • Issuance

    82

    12 IPOs priced

  • Pipeline

    85

    55 new registrations

  • Deal formation

    60

    6 combinations announced

  • Completion balance

    34

    34.1 % of resolutions were closings

  • Attrition

    42

    2 liquidations

IPOs priced 12

Combinations announced 6

Combinations completed 5

Trusts returned 2

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