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Monthly report

The blank-check market in Nov 2025

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

IPOs priced

9

Capital raised

$1.6B

Deals announced

4

Deals closed

0

Liquidations

0

Filing sentiment index

67.6Warm

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

0 · frozen50100 · hot
  • Issuance

    81

    9 IPOs priced

  • Pipeline

    86

    29 new registrations

  • Deal formation

    96

    4 combinations announced

  • Completion balance

    13

    12.9 % of resolutions were closings

  • Attrition

    63

    0 liquidations

IPOs priced 9

Combinations announced 4

Compiled by the SPACListing research desk

Last reconciled Sep 4, 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.

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.