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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

63.8Warm

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

0 · frozen50100 · hot
  • Issuance

    92

    19 IPOs priced

  • Pipeline

    94

    47 new registrations

  • Deal formation

    94

    3 combinations announced

  • Completion balance

    8

    8 % of resolutions were closings

  • Attrition

    31

    3 liquidations

IPOs priced 19

Combinations announced 3

Trusts returned 3

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.