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SPACListing

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

11

Capital raised

$2.0B

Deals announced

9

Deals closed

3

Liquidations

2

Filing sentiment index

62.1Warm

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

0 · frozen50100 · hot
  • Issuance

    78

    11 IPOs priced

  • Pipeline

    82

    42 new registrations

  • Deal formation

    67

    9 combinations announced

  • Completion balance

    42

    41.5 % of resolutions were closings

  • Attrition

    43

    2 liquidations

IPOs priced 11

Combinations announced 9

Combinations completed 3

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.

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.