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What the Data Says About SPACs 📉

What the Data Says About SPACs 📉
December 6, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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Good morning! Hope you had a great weekend. We’ve done a deep dive on SPAC data for you.

SPACs were all the rage in 2020, but investor confidence has been going downhill ever since, even getting compared to the waning returns on a hasty Vegas marriage. Still, as we approach year-end and many two-year deadlines, SPAC deals are seeing their greatest surge since March 2020. We’ve pulled together the stock performance from the initial offering to current prices on the year’s SPACs from Q1 to the present to see how they’re doing nearly a year later. We’ll let the data speak for itself.


In summation, 45 companies announced a SPAC merger in Q1, 2021. Of those, 42 were completed and only 7 have seen a positive return on investment since. Now If only we had a time machine to go back and buy stock in Lucid Motors. For more on this topic, I highly recommend this article written by Bloomberg and our previous Daily Stack issues.

Since last week, PrivCo has added:
165 Companies | 103 Funding Activities | 24 M&A Deals


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Funding & Deal Highlights:

Click Here Digital raises funding from Clavis Capital

Digital Marketing • Equity • Baton Rouge, LA
 

Hotel Engine raises $65MM from Telescope Partners

Hotel Booking • Round B • Denver, CO
 

Life House raises $60MM from Kayak Software

Hotel Management • Round C • New York, NY
 

Markai raises $4MM from Pear Ventures

E-Commerce • Seed • Palo Alto, CA
 

Veritas Capital acquires Active Internet Technologies

EdTech • Acquisition • East Hartford, CT
 

Honeywell International acquires Cambridge Quantum Computing 

AI Software • Acquisition • Arlington, VA
 

Quorum Analytics acquires CisionPAC

PR • Acquisition • Washington, DC
 

Sanofi acquires Origimm Biotechnology 

Pharmaceuticals • Acquisition • Paris, France
 

Niantic acquires Lowkey

Video Games • Acquisition • San Francisco, CA
 

Republic acquires Seedrs for $100MM

Fintech • Acquisition • London, UK

 
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