SPACs trading below NAV
1–50 of 242 SPACs · live from SEC filings & market data · Nov 4, 2026
On this list
Each priced under the cash its holder could claim by redeeming.
Avg discount
all 242 priced · Positive is below trust, measured on each row's Trust column — our accreted estimate where marked ~. /screener and /leaderboard divide by the filed stamp, so a name can read a shade different.
Dated evidence
Rows whose next election is dated in a filing. On the rest the floor is presumed from the absence of a closed window, not confirmed.
| Ticker | Name | Price | Trust (~ = our estimate) | Disc/Prem (vs the Trust column) | Next event | Yield | Status |
|---|---|---|---|---|---|---|---|
| RDAC | Rising Dragon Acquisition Corp. | $5.61 | ~$11.05 | +49.2% | Outside date Oct 15, 2027· pays nothing | no election | SearchingNo date ahead |
| RIBB | Ribbon | $7.58 | ~$10.14 | +25.3% | Outside date Jan 16, 2027· pays nothing | no election | Deal announcedNo date ahead |
| NHIC | NewHold III | $8.64 | ~$10.73 | +19.5% | Outside date Mar 3, 2027· pays nothing | no election | Deal announcedNo date ahead |
| IXAQF | IX Acquisition Corp. | $11.50 | ~$13.12 | +12.3% | — | no election | Deal announcedNo date ahead |
| XTER | Karman Line Acquisition Corp. | $9.79 | $10.39 | +5.8% | Charter May 18, 2028· our estimate· pays nothing | no election | SearchingNo election on file |
| CGCF | Cartesian Growth IV | $9.80 | ~$10.14 | +3.4% | Outside date Jun 26, 2028· pays nothing | no election | SearchingNo election on file |
| ISNR | Snow Rothschild Acquisition | $9.83 | ~$10.16 | +3.3% | Outside date Jun 10, 2028· pays nothing | no election | SearchingNo election on file |
| SAMO | Samos Energy Acquisition | $9.80 | ~$10.13 | +3.3% | Outside date Jul 13, 2028· pays nothing | no election | SearchingNo election on file |
| MIAC | Meridian3 Industrials | $9.81 | ~$10.14 | +3.3% | Outside date Jul 6, 2028· pays nothing | no election | SearchingNo election on file |
| OSPR | Osprey Acquisition III | $9.82 | ~$10.14 | +3.2% | Outside date Jul 2, 2028· pays nothing | no election | SearchingNo election on file |
| XSLL | Xsolla SPAC 1 | $9.98 | ~$10.31 | +3.2% | Outside date Jan 30, 2028· pays nothing | no election | SearchingNo election on file |
| MTAK | Market Technology Acquisition | $9.85 | ~$10.17 | +3.1% | Outside date Apr 27, 2028· pays nothing | no election | SearchingNo election on file |
| AMAC | AMR Resources Acquisition | $9.81 | ~$10.13 | +3.1% | Outside date Jul 16, 2028· pays nothing | no election | SearchingNo election on file |
| CATL | Catalyst Acquisition | $9.80 | ~$10.11 | +3.1% | Outside date Jul 29, 2028· pays nothing | no election | SearchingNo election on file |
| CTAA | ClearThink 1 Acquisition | $9.95 | ~$10.27 | +3.1% | Outside date Nov 25, 2027· pays nothing | no election | SearchingNo election on file |
| VII | Viking Acquisition II | $9.83 | ~$10.14 | +3.1% | Charter Jul 2, 2028· our estimate· pays nothing | no election | SearchingNo election on file |
| UAC | United Acquisition I | $9.97 | ~$10.29 | +3.1% | Outside date Jan 30, 2028· pays nothing | no election | SearchingNo election on file |
| BRTM | B&R Technology Merger | $9.81 | ~$10.12 | +3.1% | Outside date Jul 22, 2028· pays nothing | no election | SearchingNo election on file |
| APMC | AmperCap Acquisition | $9.96 | ~$10.27 | +3.0% | Outside date Mar 4, 2028· pays nothing | no election | SearchingNo election on file |
| DNMX | Dynamix III | $10.06 | ~$10.37 | +3.0% | Outside date Oct 31, 2027· pays nothing | no election | SearchingNo election on file |
| WLCO | Wilco 63 Corp | $9.86 | ~$10.15 | +3.0% | Outside date Jun 22, 2028· pays nothing | no election | SearchingNo election on file |
| GSRV | GSR V Acquisition | $9.89 | ~$10.20 | +2.9% | Charter Nov 14, 2027· our estimate· pays nothing | no election | SearchingNo election on file |
| IPVV | InterPrivate Inv Partners V | $9.85 | ~$10.14 | +2.9% | Charter Jun 4, 2028· our estimate· pays nothing | no election | SearchingNo election on file |
| CCCT | Columbus Circle Capital III | $9.84 | ~$10.13 | +2.9% | Outside date Jul 10, 2028· pays nothing | no election | SearchingNo election on file |
| BID | Tribeca Strategic Acquisition | $9.90 | ~$10.20 | +2.9% | Outside date Mar 1, 2028· pays nothing | no election | SearchingNo election on file |
| MTNE | CH4 Natural Solutions | $9.91 | ~$10.21 | +2.9% | Outside date May 4, 2028· pays nothing | no election | SearchingNo election on file |
| RREV | RRE Ventures Acquisition | $9.91 | ~$10.21 | +2.9% | Outside date May 1, 2028· pays nothing | no election | SearchingNo election on file |
| ETSS | Energy Transition Spec Opp | $9.94 | ~$10.24 | +2.9% | Outside date Nov 18, 2027· pays nothing | no election | SearchingNo election on file |
| TRGS | TRG Latin America Acq | $9.97 | ~$10.27 | +2.9% | Outside date Feb 27, 2028· pays nothing | no election | SearchingNo election on file |
| HCIC | Hennessy Capital Inv VIII | $9.98 | ~$10.28 | +2.9% | Outside date Feb 6, 2028· pays nothing | no election | SearchingNo election on file |
| CAQ | Cambridge Acquisition | $9.99 | ~$10.29 | +2.9% | Outside date Feb 9, 2028· pays nothing | no election | SearchingNo election on file |
| MUZE | Muzero Acquisition | $10.00 | ~$10.30 | +2.9% | Outside date Feb 2, 2028· pays nothing | no election | SearchingNo election on file |
| XCBE | X3 Acquisition | $10.01 | ~$10.31 | +2.9% | Outside date Jan 22, 2028· pays nothing | no election | SearchingNo election on file |
| SORN | Soren Acquisition | $10.02 | ~$10.32 | +2.9% | Outside date Jan 8, 2028· pays nothing | no election | SearchingNo election on file |
| SHOT | RMG ML Sports Holdings | $9.86 | ~$10.14 | +2.9% | Outside date Mar 11, 2028· pays nothing | no election | SearchingNo election on file |
| ILLU | Illumination Acquisition I | $9.98 | ~$10.27 | +2.8% | Outside date Feb 27, 2028· pays nothing | no election | SearchingNo election on file |
| LEGO | Legato Merger IV | $9.99 | ~$10.28 | +2.8% | Outside date Jan 26, 2028· pays nothing | no election | SearchingNo election on file |
| FDMM | Freedom Metals Acquisition | $9.85 | ~$10.14 | +2.8% | Charter Jan 8, 2028· our estimate· pays nothing | no election | SearchingNo election on file |
| SUMA | SUMA Acquisition | $9.97 | ~$10.26 | +2.8% | Outside date Mar 12, 2028· pays nothing | no election | SearchingNo election on file |
| ACAA | Averin Capital Acquisition | $9.98 | ~$10.27 | +2.8% | Outside date Feb 20, 2028· pays nothing | no election | SearchingNo election on file |
| IACO | Idea Acquisition | $9.99 | ~$10.28 | +2.8% | Outside date Feb 12, 2028· pays nothing | no election | SearchingNo election on file |
| GIX | GigCapital9 | $10.01 | ~$10.30 | +2.8% | Outside date Jan 28, 2028· pays nothing | no election | SearchingNo election on file |
| WENC | West Enclave Merger | $10.02 | ~$10.31 | +2.8% | Outside date Feb 1, 2028· pays nothing | no election | SearchingNo election on file |
| JONE | Jones Ventures INTL Acquisition1 Corp | $9.85 | ~$10.13 | +2.7% | Outside date Apr 15, 2028· pays nothing | no election | SearchingNo election on file |
| IRHO | Iron Horse Acquisition II Corp. | $10.05 | ~$10.33 | +2.7% | Outside date Dec 18, 2027· pays nothing | no election | Deal announcedNo election on file |
| MRCO | Mercator Acquisition | $9.86 | ~$10.13 | +2.7% | Outside date Jan 10, 2028· pays nothing | no election | SearchingNo election on file |
| GUAC | Berto Acquisition II | $9.91 | ~$10.19 | +2.7% | Outside date May 18, 2028· pays nothing | no election | SearchingNo election on file |
| AACO | Abony Acquisition I | $9.99 | ~$10.27 | +2.7% | Outside date Feb 20, 2028· pays nothing | no election | SearchingNo election on file |
| RFAM | RF Acquisition III | $10.00 | ~$10.28 | +2.7% | Outside date Nov 17, 2027· pays nothing | no election | Deal announcedNo election on file |
| MEVO | M Evo Global Acq II | $10.01 | ~$10.29 | +2.7% | Outside date Feb 2, 2028· pays nothing | no election | SearchingNo election on file |
About this list
242 SPACs currently trade below the cash held for them in trust. Each row is a share priced under the amount its holder could claim by redeeming — the discount column shows how far under, and the yield column converts that gap into a return, but only for the 0 names with a dated redemption election to redeem into.
One rule is actually enforced here: a name is dropped the moment the record says its redemption window has closed — a redemption deadline on file with nothing after it, or a deal already approved. That is a filter, not a guarantee. For 215 of these 242 names we hold no redemption election on file — usual for a SPAC still searching, and marked "no election on file" on the row. Read that as our record rather than as the company's plans: nothing has been filed with us saying an election is coming, and nothing has been filed saying one is not, so the floor is presumed from the absence of a closed window rather than confirmed by a document. A further 27 are marked "no date ahead": their last election has already been held and no new one is on file, so there is no dated way to claim the cash even though nothing says the right has gone. 0 carry dated evidence. Deadlines shift with extensions and new proxies, so treat the event dates as living data, and remember that your broker's cutoff runs about two business days before each official deadline.
Common questions
Why do SPACs trade below their trust value?
Mostly the price of time: cash locked until a redemption event competes with T-bills, so a small discount is what makes waiting worthwhile. Forced sellers and simple neglect of smaller vehicles widen it. Right now 242 SPACs trade under trust with no evidence of a closed window — though only 0 of those carry a dated filing confirming the right is still live.
Is buying a SPAC below NAV a guaranteed profit?
No. The return depends on redeeming before the deadline through your broker (whose internal cutoff is earlier than the official one), on the event date not drifting through extensions, and on the right still existing when you act. What the trust does bound is the downside — if you execute the redemption correctly.
Why is a SPAC with a huge discount missing from this list?
Because the record shows its redemption right has lapsed. A share that can no longer be exchanged for trust cash has no floor, and showing it here with a 'discount' would be the most misleading number on the site. Names with a demonstrably closed window are excluded by design.
Educational content, not investment advice.