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
New vehicles are pricing faster than the ten-year norm and deals are forming.
Issuance
8212 IPOs priced
Pipeline
8555 new registrations
Deal formation
606 combinations announced
Completion balance
3434.1 % of resolutions were closings
Attrition
422 liquidations
IPOs priced 12
- Searching
- Trust
- $473M
- Per share
- —
- IPO
- Sep 2025
- Deadline
- Oct 1, 2027347d
- Searching
- Trust
- $355M
- Per share
- —
- IPO
- Sep 2025
- Deadline
- Sep 29, 2027345d
- Searching
- Trust
- $295M
- Per share
- $10.10
- IPO
- Sep 2025
- Deadline
- Sep 26, 2027342d
- Searching
- Trust
- $118M
- Per share
- —
- IPO
- Sep 2025
- Deadline
- Mar 26, 2027158d
- Searching
- Trust
- $514M
- Per share
- $10.28
- IPO
- Sep 2025
- Deadline
- —
- Searching
- Trust
- $177M
- Per share
- $10.28
- IPO
- Sep 2025
- Deadline
- Sep 22, 2027338d
- Searching
- Trust
- $130M
- Per share
- —
- IPO
- Sep 2025
- Deadline
- —
- Searching
- Trust
- $238M
- Per share
- —
- IPO
- Sep 2025
- Deadline
- Sep 12, 2027328d
- Searching
- Trust
- $283M
- Per share
- $10.30
- IPO
- Sep 2025
- Deadline
- Sep 11, 2027327d
- Searching
- Trust
- $256M
- Per share
- —
- IPO
- Sep 2025
- Deadline
- Sep 9, 2027325d
- Searching
- Trust
- $237M
- Per share
- $10.29
- IPO
- Sep 2025
- Deadline
- —
- Completed
- Trust
- $235M
- Per share
- $10.41
- IPO
- Sep 2025
- Deadline
- —
Combinations announced 6
- Completed
- Trust
- $214M
- Per share
- $10.68
- IPO
- Aug 2024
- Deadline
- —
- Announced
- Trust
- $1.7M
- Per share
- —
- IPO
- Jun 2025
- Deadline
- Jun 16, 2027240d
- Approved
- Trust
- $134M
- Per share
- $10.57
- IPO
- Nov 2024
- Deadline
- —
- Completed
- Trust
- $424M
- Per share
- —
- IPO
- May 2025
- Deadline
- —
- Approved
- Trust
- $234M
- Per share
- $10.62
- IPO
- Sep 2024
- Deadline
- —
- Completed
- Trust
- —
- Per share
- —
- IPO
- Mar 2026
- Deadline
- —
Combinations completed 5
- Completed
- Trust
- $558M
- Per share
- $11.16
- IPO
- Apr 2023
- Deadline
- —
- Completed
- Trust
- $548K
- Per share
- —
- IPO
- Apr 2022
- Deadline
- —
- Completed
- Trust
- $10.6M
- Per share
- $11.50
- IPO
- Dec 2021
- Deadline
- —
- Completed
- Trust
- $438K
- Per share
- $11.15
- IPO
- Dec 2021
- Deadline
- —
- Completed
- Trust
- $2.8M
- Per share
- $11.30
- IPO
- Nov 2020
- Deadline
- —
Trusts returned 2
- Liquidated
- Trust
- $55.6M
- Per share
- $11.52
- IPO
- Mar 2022
- Deadline
- —
- Announced
- Trust
- $27.5M
- Per share
- $9.47
- IPO
- Aug 2022
- Deadline
- Aug 12, 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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SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.