Terminated deals and liquidations
1–50 of 361 SPACs · live from SEC filings & market data · Nov 5, 2026
On this list
Vehicles that left the live board without completing a deal.
Wound up
Trust returned and the vehicle dissolved. This is the ending that pays public shareholders back — and the denominator is printed because a base rate without one is a pitch.
Prices on file
$10.00–$15.00 per share, paid at merger and extension windows. No winding-up distribution is on file, so this is not a liquidation range.
| Ticker | Name | Price | Trust (~ = our estimate) | Disc/Prem (vs the Trust column) | Next event | Yield | Status |
|---|---|---|---|---|---|---|---|
| DBCA | D. Boral Acquisition I Corp. | $10.08 | ~$10.29 | +2.0% | Outside date Aug 6, 2027· pays nothing | no election | Deal terminatedNo election on file |
| IRAB | Iris Acquisition II | $10.00 | ~$10.15 | +1.4% | Outside date Feb 4, 2028· pays nothing | no election | Deal terminatedNo election on file |
| MLAA | Mountain Lake Acq II | $10.06 | ~$10.30 | +2.3% | Outside date Jan 28, 2028· pays nothing | no election | Deal terminatedNo election on file |
| MCGA | Yorkville Acquisition Corp. | $10.35 | ~$10.27 | -0.8% | Outside date Jun 27, 2027· pays nothing | no election | Deal terminatedNo election on file |
| DAAQ | Digital Asset Acq | $10.45 | ~$10.50 | +0.5% | — | no election | Deal terminatedNo date ahead |
| AACB | Artius II Acquisition Inc. | — | ~$10.71 | — | — | trap | Liquidated |
| CEPO | Cantor Equity I | $10.78 | ~$10.87 | +0.8% | Outside date Jan 8, 2027· pays nothing | no election | Deal terminatedNo date ahead |
| FACT | FACT II Acquisition Corp. | $10.72 | ~$10.84 | +1.1% | — | no election | Deal terminatedNo election on file |
| CAPN | Cayson Acquisition Corp | $11.17 | ~$11.24 | +0.6% | Charter Mar 23, 2027· our estimate· pays nothing | no election | Deal terminatedNo date ahead |
| POLE | Andretti II | $10.73 | ~$10.97 | +2.2% | — | no election | Deal terminatedNo date ahead |
| AAM | AA Mission Acquisition Corp. | — | — | — | — | trap | Liquidated |
| LPAA | Launch One Acquisition Corp. | — | ~$11.02 | — | Outside date Jan 15, 2027· pays nothing | — | Deal terminatedNo date ahead |
| CCIX | Churchill Capital Corp IX/Cayman | — | — | — | — | trap | Liquidated |
| ANSC | Agriculture & Natural Solutions Acquisition Corp | — | — | — | — | trap | Liquidated |
| NNAG | 99 Acquisition Group Inc. | — | — | — | — | trap | Liquidated |
| NETD | Nabors Energy Transition Corp. II | — | — | — | — | trap | Liquidated |
| BOWN | Bowen Acquisition Corp | — | — | — | — | — | ZombieNo date ahead |
| OAKU | Oak Woods Acquisition Corp | — | — | — | — | — | ZombieNo date ahead |
| FORL | Four Leaf Acquisition Corp | — | — | — | — | — | Deal terminatedNo date ahead |
| QOMO | Qomolangma Acquisition Corp. | — | — | — | — | trap | Liquidated |
| GBBK | Global Blockchain Acquisition Corp. | — | — | — | — | trap | Liquidated |
| YOTA | Yotta Acquisition Corp | — | — | — | — | — | ZombieNo date ahead |
| GDST | Chi Special Acquisition Corp. | — | — | — | — | — | ZombieNo date ahead |
| NSE | Patria Latin American Opportunity Acquisition Corp. | — | — | — | — | trap | Liquidated |
| SHUA | SHUAA Partners Acquisition Corp I | — | — | — | — | trap | Liquidated |
| SPCM | Sound Point Acquisition Corp I, Ltd | — | — | — | — | trap | Liquidated |
| GENQ | Genesis Unicorn Capital Corp. | — | — | — | — | trap | Liquidated |
| SGHL | Signal Hill Acquisition Corp. | — | — | — | — | trap | Liquidated |
| CPAQ | Counter Press Acquisition Corp | — | — | — | — | trap | Liquidated |
| LIVB | LIV Capital Acquisition Corp. II | — | — | — | — | trap | Liquidated |
| TGR | Kimbell Tiger Acquisition Corp | — | — | — | — | trap | Liquidated |
| HMA | Heartland Media Acquisition Corp. | — | — | — | — | trap | Liquidated |
| KNSW | KnightSwan Acquisition Corp | — | — | — | — | trap | Liquidated |
| GAQ | Generation Asia I Acquisition Ltd | — | — | — | — | trap | Liquidated |
| VCXB | 10X Capital Venture Acquisition Corp. III | — | — | — | — | trap | Liquidated |
| GHIX | Gores Holdings IX, Inc. | — | — | — | — | trap | Liquidated |
| ITAQ | Industrial Tech Acquisitions II, Inc. | — | — | — | — | trap | Liquidated |
| CXAC | C5 Acquisition Corp | — | — | — | — | trap | Liquidated |
| VBOC | Viscogliosi Brothers Acquisition Corp | — | — | — | — | trap | Liquidated |
| GDNR | Gardiner Healthcare Acquisitions Corp. | — | — | — | — | trap | Liquidated |
| APCA | AP Acquisition Corp | — | — | — | — | trap | Liquidated |
| RCAC | Revelstone Capital Acquisition Corp. | — | — | — | — | trap | Liquidated |
| ADRT | Ault Disruptive Technologies Corp | — | — | — | — | trap | Liquidated |
| AHRN | Ahren Acquisition Corp. | — | — | — | — | trap | Liquidated |
| KACLF | Kairous Acquisition Corp. Ltd | — | — | — | — | trap | Liquidated |
| GFGD | Growth for Good Acquisition Corp | — | — | — | — | trap | Liquidated |
| HORI | Emerging Markets Horizon Corp. | — | — | — | — | trap | Liquidated |
| RJAC | Jackson Acquisition Co | — | — | — | — | trap | Liquidated |
| SCUA | Sculptor Acquisition Corp I | — | — | — | — | trap | Liquidated |
| WEL | Integrated Wellness Acquisition Corp | — | $13.19 | — | — | — | ZombieNo date ahead |
About this list
361 SPACs on this tracker came off the live board without completing a deal: 342 wound up and returned the trust, 12 had an announced combination terminated, 7 are drifting as zombies. Those endings are not interchangeable and only one of them pays. A termination kills the merger agreement and leaves the trust exactly where it was, so a terminated vehicle can go back to searching and its shares still carry a redemption right at the next window — read a "Deal terminated" row as a deal that died, not as money returned.
Wind-ups are 95% of this page — 342 of the 361 rows — so this is a graveyard far more than it is a list of broken deals. When a SPAC liquidates the structure works as designed: the trust goes back to public shareholders with its accumulated interest and deposits, while warrants and rights expire at zero and the sponsor writes off its at-risk capital. That is the whole point of separating the two columns of endings above.
Base rates matter more than any pitch deck, so the denominator is printed too: 1288 SPACs tracked in total. Everyone who paid a premium over trust for warrants, rights or deal hope funded the outcomes on this page.
Common questions
What do shareholders get when a SPAC liquidates?
The full trust value per share — the IPO deposit plus accumulated Treasury interest and any extension deposits, minus small permitted deductions for taxes and winding-up costs; only warrant and rights holders walk away with nothing. We hold no winding-up distribution on file, so there is no liquidation range for us to quote you. What we do have, from primary filings, is 240 per-share redemption prices paid at merger and extension windows, running from $10.00 to $15.00 — the same trust arithmetic, settled earlier in a SPAC's life.
Is a terminated deal the same as a liquidation?
No, and the difference decides whether you get paid. A termination kills the merger agreement; the SPAC keeps its trust and usually resumes searching, so its shares still carry a redemption right at the next window. A liquidation dissolves the vehicle and returns the trust. This page lists both because both are ways a deal ends — the status column tells you which one you are looking at.
How many SPACs have liquidated or terminated?
361 on this tracker so far — 12 terminated, 7 zombie, 342 liquidated — out of 1288 tracked. The count matters as a denominator: any claim about typical SPAC outcomes that ignores the vehicles that quietly returned their cash is survivorship bias in action.
Educational content, not investment advice.