Monthly report
The blank-check market in Dec 2025
Every lifecycle event the filing record places in Dec 2025: IPOs that priced, combinations announced and closed, and trusts returned.
IPOs priced
19
Capital raised
$4.5B
Deals announced
3
Deals closed
0
Liquidations
3
Filing sentiment index
New vehicles are pricing faster than the ten-year norm and deals are forming.
Issuance
9219 IPOs priced
Pipeline
9447 new registrations
Deal formation
943 combinations announced
Completion balance
88 % of resolutions were closings
Attrition
313 liquidations
IPOs priced 19
- Searching
- Trust
- $101.8M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 22, 2027474d
- Searching
- Trust
- $234.3M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 19, 2027471d
- Searching
- Trust
- $152.5M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 22, 2027474d
- Searching
- Trust
- $234.3M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $234.3M
- Per share
- $10.00
- IPO
- Dec 2025
- Deadline
- Dec 19, 2027471d
- Searching
- Trust
- $351.6M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 16, 2027468d
- Searching
- Trust
- $234.3M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 15, 2027467d
- Searching
- Trust
- $351.8M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- —
- Announced
- Trust
- $175.8M
- Per share
- $10.19
- IPO
- Dec 2025
- Deadline
- Dec 12, 2027464d
- Searching
- Trust
- $175.8M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 15, 2027467d
- Searching
- Trust
- $351.8M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 11, 2027463d
- Searching
- Trust
- $255.0M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 10, 2027462d
- Searching
- Trust
- $146.6M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $234.6M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 5, 2027457d
- Searching
- Trust
- $351.9M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Jun 4, 2027273d
- Searching
- Trust
- $234.7M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 4, 2027456d
- Searching
- Trust
- $234.5M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 3, 2027455d
- Searching
- Trust
- $281.7M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $224.5M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 2, 2027454d
Combinations announced 3
- Announced
- Trust
- —
- Per share
- —
- IPO
- —
- Deadline
- —
- Announced
- Trust
- —
- Per share
- —
- IPO
- Sep 2024
- Deadline
- Sep 9, 20265d
- Announced
- Trust
- $237.4M
- Per share
- —
- IPO
- Aug 2025
- Deadline
- Aug 27, 2027357d
Trusts returned 3
- Liquidated
- Trust
- $58.4M
- Per share
- —
- IPO
- Nov 2025
- Deadline
- —
- Liquidated
- Trust
- —
- Per share
- —
- IPO
- Aug 2024
- Deadline
- —
- Liquidated
- Trust
- $253.8M
- Per share
- —
- IPO
- May 2025
- Deadline
- —
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.