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Edge tracker

Who is actually behind these vehicles

Sponsors are ranked by the record they built, not by the size of their last raise. Completion rate is closed deals as a share of vehicles that have already resolved one way or the other. SPACs still searching are excluded, because an unfinished clock is not a result.

Sponsor franchises

895

214 have launched more than one

Vehicles attributed

620

across the full universe

Capital raised

$139.0B

aggregate IPO proceeds

Market completion rate

15.2%

61 closed vs 341 liquidated

Ranked by vehicles launched220 of the top 300 have at least one resolved vehicle. The tick marks the 15.2% market average.

How a franchise is identified

Sponsor vehicles are incorporated per deal, with names like Gores Guggenheim Sponsor LLC or Churchill Sponsor XII LLC, so the entity named in a prospectus tells you about one SPAC, not about the house behind it. We read the sponsor entity from the prospectus, strip the legal wrapper and the sequence number, and pin the well-known franchises by name, because their vehicles abbreviate beyond recognition: Social Capital signs as “SCH Sponsor VI LLC”.

Where a prospectus never named a vehicle, the issuer name still groups a serial issuer correctly. Each sponsor page states which of the two established the grouping, so you can weigh it yourself.

Principals are officers named in the prospectus. Coverage is partial, because the prospectus states them in prose rather than in tagged data, and a blank means we have not read one, not that the seat is empty.