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
23
Capital raised
$5.4B
Deals announced
7
Deals closed
4
Liquidations
5
Filing sentiment index
New vehicles are pricing faster than the ten-year norm and deals are forming.
Issuance
8723 IPOs priced
Pipeline
8971 new registrations
Deal formation
617 combinations announced
Completion balance
4343.1 % of resolutions were closings
Attrition
305 liquidations
IPOs priced 23
- Announced
- Trust
- $219M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 24, 2027431d
- Searching
- Trust
- $102M
- Per share
- $10.18
- IPO
- Dec 2025
- Deadline
- Dec 22, 2027429d
- Searching
- Trust
- $234M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $234M
- Per share
- $10.19
- IPO
- Dec 2025
- Deadline
- Dec 19, 2027426d
- Searching
- Trust
- $153M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 22, 2027429d
- Announced
- Trust
- $236M
- Per share
- $10.25
- IPO
- Dec 2025
- Deadline
- Dec 17, 2027424d
- Searching
- Trust
- $234M
- Per share
- $10.00
- IPO
- Dec 2025
- Deadline
- Dec 19, 2027426d
- Announced
- Trust
- $421M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Mar 18, 2028516d
- Searching
- Trust
- $352M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 16, 2027423d
- Searching
- Trust
- $234M
- Per share
- $10.37
- IPO
- Dec 2025
- Deadline
- Dec 15, 2027422d
- Searching
- Trust
- $352M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $176M
- Per share
- $10.19
- IPO
- Dec 2025
- Deadline
- Dec 15, 2027422d
- Announced
- Trust
- $176M
- Per share
- $10.19
- IPO
- Dec 2025
- Deadline
- Dec 12, 2027419d
- Announced
- Trust
- $352M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- Dec 11, 2027418d
- Searching
- Trust
- $255M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 10, 2027417d
- Searching
- Trust
- $352M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Jun 4, 2027228d
- Searching
- Trust
- $235M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 5, 2027412d
- Completed
- Trust
- —
- Per share
- —
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $147M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $235M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- Dec 4, 2027411d
- Searching
- Trust
- $235M
- Per share
- $10.20
- IPO
- Dec 2025
- Deadline
- Dec 3, 2027410d
- Searching
- Trust
- $282M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- —
- Searching
- Trust
- $224M
- Per share
- —
- IPO
- Dec 2025
- Deadline
- Dec 2, 2027409d
Combinations announced 7
- Announced
- Trust
- $39.7M
- Per share
- —
- IPO
- Jan 2025
- Deadline
- Jan 16, 202789d
- Completed
- Trust
- $286M
- Per share
- —
- IPO
- May 2025
- Deadline
- —
- Announced
- Trust
- —
- Per share
- —
- IPO
- —
- Deadline
- —
- Completed
- Trust
- $85.1M
- Per share
- $9.87
- IPO
- Jun 2024
- Deadline
- —
- Announced
- Trust
- —
- Per share
- —
- IPO
- Sep 2024
- Deadline
- Sep 9, 2026
- Announced
- Trust
- $237M
- Per share
- $10.32
- IPO
- Aug 2025
- Deadline
- Aug 27, 2027312d
- Announced
- Trust
- $187M
- Per share
- $10.40
- IPO
- Nov 2024
- Deadline
- Nov 27, 202639d
Combinations completed 4
- Completed
- Trust
- —
- Per share
- —
- IPO
- Feb 2026
- Deadline
- —
- Completed
- Trust
- $254M
- Per share
- $10.15
- IPO
- May 2025
- Deadline
- —
- Completed
- Trust
- $18.8M
- Per share
- $12.02
- IPO
- Dec 2022
- Deadline
- —
- Completed
- Trust
- —
- Per share
- —
- IPO
- Dec 2025
- Deadline
- —
Trusts returned 5
- Announced
- Trust
- $58.9M
- Per share
- $10.24
- IPO
- Nov 2025
- Deadline
- May 5, 2027198d
- Liquidated
- Trust
- $20.7M
- Per share
- $11.09
- IPO
- Dec 2021
- Deadline
- —
- Completed
- Trust
- —
- Per share
- —
- IPO
- Aug 2024
- Deadline
- —
- Completed
- Trust
- $254M
- Per share
- $10.15
- IPO
- May 2025
- Deadline
- —
- Liquidated
- Trust
- $23.3M
- Per share
- —
- IPO
- Oct 2021
- Deadline
- —
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.