Sponsor Score

Scored 0–100 on what happened to holders who stayed through the merger.

Sponsors scored

117

Prior vehicles verified on EDGAR.

With a measured record

of 117 — evidence, not a neutral hold.

No record on file

Held at 50, labelled unproven — a gap, never a verdict.

Top of the field

61/100

Helix Acquisition (Obradovic Nebojsa) · field spans 45–61.

What holders actually got

−45%median for a holder who stayed through the merger

80 of the 228 completed deSPACs these 117 sponsors ran, by what a holder got against trust. 19 lost 90% or more.

7 returned over +100% and sit in the open right-hand band.

18 delisted with no surviving quote — a known total loss, scored as one, and drawn nowhere because we hold no price.

130 more that no filing we hold prices at all — left out, not guessed.

The ranking

score · tier · confidence · evidence

#	Sponsor	Score	Tier	Confidence	Resolved	Completed	Biggest mover — and what it measured
1	Helix Acquisition (Obradovic Nebojsa)	61	Strong operator	medium	4/5	100%n=4	Deal completion4/4 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Not gated: measured post-close quality is 57/100, at or above the money-back mark, so the full completion credit is earned.
2	Rice (Rogers James Wilmot)	60	Strong operator	medium	4/5	100%n=4	Deal completion4/4 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Not gated: measured post-close quality is 52/100, at or above the money-back mark, so the full completion credit is earned.
3	Hennessy Capital (Daniel Hennessy)	59	Mixed record	high	15/18	87%n=15	Deal completion13/15 resolved vehicles closed a deal (87%); 1 liquidated, 1 terminated. Gated ×0.94 by measured post-close quality (44/100): closing deals that ended below trust value is not a completed job, so only 94% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×.
4	Live Oak (Hendrix Richard J)	59	Mixed record	medium	5/5	100%n=5	Deal completion5/5 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Gated ×0.93 by measured post-close quality (43/100): closing deals that ended below trust value is not a completed job, so only 93% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×.
5	Inflection Point (Michael Blitzer)	59	Mixed record	medium	3/4	100%n=3	Deal completion3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Not gated: measured post-close quality is 63/100, at or above the money-back mark, so the full completion credit is earned.
6	Eagle Equity Partners (Sloan/Sagansky)	58	Weak record ▾	high	9/11	100%n=9	Liquidation / termination drag0 liquidations and 0 terminations across 11 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
7	Bleichroeder	57	Mixed record	high	7/14	100%n=7	Liquidation / termination drag0 liquidations and 0 terminations across 14 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
8	CM Life Sciences, Inc. / EQRx, Inc. / SomaLogic, Inc. (Casdin Eli)	57	Mixed record	medium	3/3	100%n=3	Deal completion3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
9	Longevity Acquisition Corp / Model Performance Acquisition Corp / Tenzing Acquisition Corp. (Gerber Sander)	57	Mixed record	medium	3/3	100%n=3	Deal completion3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
10	Spring Valley Acquisition	57	Mixed record	medium	3/4	100%n=3	Deal completion3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Gated ×0.97 by measured post-close quality (47/100): closing deals that ended below trust value is not a completed job, so only 97% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×.
11	EQV Ventures (Silvey Jerome Comstock Iii)	57	Mixed record	low	2/3	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Not gated: measured post-close quality is 52/100, at or above the money-back mark, so the full completion credit is earned. Small sample — the shrink below keeps this near neutral.
12	Athena Technology Acquisition Corp. / ShoulderUP Technology Acquisition Corp. (Howroyd Janice Bryant)	56	Mixed record	medium	3/3	100%n=3	Deal completion3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
13	Aesther Healthcare Acquisition Corp. / PowerUp Acquisition Corp. (Fell Donald G.)	56	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
14	Alpha Healthcare Acquisition (Shukla Rajiv)	56	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
15	Aperture AC (Kung Calvin)	56	Mixed record	low	2/3	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
16	Bridgetown (Altman Samuel H.)	56	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
17	Cantor Fitzgerald (Brandon Lutnick)	55	Mixed record	high	17/21	76%n=17	Post-close outcome quality5 priced deSPACs vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -42%, 3/5 still worth at least half of trust, 2 at under a tenth of it. Worst: LIDR -100%. Best: GCMG +39%. 1 more delisted with no surviving quote — scored as a total loss (a known outcome, not a gap), with no % invented. 7 other completion(s) not priced (7 no stored price) — left OUT of the ratio, not guessed.
18	Boxwood Merger Corp. / SILVERBOX ENGAGED MERGER CORP I (Esters Daniel E.)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
19	CIIG Merger Corp. (Cuneo Gavin)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
20	FS Development Corp. / PARDES BIOSCIENCES, INC. (Pakianathan Deepika)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
21	GX Acquisition Corp. (Weinberger Hillel)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
22	Joby Aviation, Inc. / Hippo Holdings Inc. (Cohen David K.)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
23	Nebula Caravel Acquisition Corp. / TWC Tech Holdings II Corp. (Adams Rufina A)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
24	Pacifico Acquisition Corp. / Redwoods Acquisition Corp. (Wang Cong Edward)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
25	Software Acquisition Group Inc. (Olton Matt)	55	Mixed record	low	2/2	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
26	Cohen Circle (Betsy Cohen)	54	Mixed record	high	26/31	46%n=26	Extension reliance1 extension vote across 19 in-DB vehicles (0.1 per vehicle; 3+ scores zero).
27	Columbus Circle Capital	54	Mixed record	high	7/7	71%n=7	Deal completion5/7 resolved vehicles closed a deal (71%); 2 liquidated, 0 terminated. Gated ×0.97 by measured post-close quality (47/100): closing deals that ended below trust value is not a completed job, so only 97% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×.
28	Pono Capital (Shindo Dustin M)	54	Mixed record	low	2/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
29	Tavia (Mametov Askar)	54	Mixed record	low	2/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
30	United Acquisition I (Packer Paul)	54	Mixed record	low	2/3	—	Deal completion2/2 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
31	Bitcoin Infrastructure (Gentry Ryan)	54	Mixed record	low	1/5	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
32	Chenghe Acquisition II Co. / Chenghe Acquisition III Co. / Ribbon (Zhou Zhiyang)	54	Mixed record	low	1/3	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
33	DT Cloud Star Acquisition Corp / Golden Star Acquisition Corp (Lam Kenneth)	54	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
34	LIGHTJUMP ACQUISITION CORP / LightWave Acquisition Corp. (Bennett Robert Michael)	54	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
35	New Providence Acquisition Corp. (Smith Gary P.)	54	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
36	Praetorian Acquisition (Ondishin Peter)	54	Mixed record	low	1/1	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Not gated: measured post-close quality is 67/100, at or above the money-back mark, so the full completion credit is earned. Small sample — the shrink below keeps this near neutral.
37	Sizzle Acquisition Corp. (Lee Daniel Christopher)	54	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
38	Titan / Voyager (Rouf Adeel)	54	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
39	Osprey / Crane Harbor (Jonathan Z. Cohen)	53	Mixed record	medium	5/7	80%n=5	Post-close outcome quality1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -51%, 0/1 still worth at least half of trust, 0 at under a tenth of it. Worst: Falcon Minerals Corp → Sitio Royalties Corp -51%. 1 more delisted with no surviving quote — scored as a total loss (a known outcome, not a gap), with no % invented. n=2, pulled toward neutral. 2 other completion(s) not priced (1 ticker could not be resolved; 1 no stored price) — left OUT of the ratio, not guessed.
40	NewHold Industrial (Charlton/Scharfman)	53	Mixed record	medium	3/5	67%n=3	Liquidation / termination drag1 liquidation and 0 terminations across 5 vehicles raised → 20% attrition (terminations 1.25×, stale shells 0.75×).
41	Vine Hill Capital Investment Corp. II (Petruska Nicholas A)	53	Mixed record	medium	3/3	100%n=3	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
42	Axiom Intelligence I (Mamadou Daniel)	53	Mixed record	low	2/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
43	Archimedes Tech SPAC Partners	53	Mixed record	low	1/3	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Gated ×0.96 by measured post-close quality (46/100): closing deals that ended below trust value is not a completed job, so only 96% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×. Small sample — the shrink below keeps this near neutral.
44	Brilliant Acquisition Corp / Kochav Defense Acquisition Corp. / SC II Acquisition Corp. (Shalom Menachem)	53	Mixed record	low	1/3	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
45	Hainan Manaslu Acquisition Corp. / Rising Dragon Acquisition Corp. (Shen Wenyi)	53	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
46	Iron Horse (Bengochea Jose Antonio)	53	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
47	JATT (biotech serial)	53	Mixed record	low	1/3	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Gated ×0.93 by measured post-close quality (43/100): closing deals that ended below trust value is not a completed job, so only 93% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×. Small sample — the shrink below keeps this near neutral.
48	LaFayette Acquisition Corp. (Calabrese Jennifer Rosario)	53	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
49	Pelican Acquisition Corp / Pelican Acquisition II / Quetta Acquisition Corp (Labbe Robert L.)	53	Mixed record	low	1/4	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
50	Willow Lane Acquisition (Orellana Mauricio)	53	Mixed record	low	1/2	—	Deal completion1/1 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
51	D. Boral / ARC Group (MFH sponsor series)	52	Mixed record	medium	4/5	75%n=4	Post-close outcome quality1 more delisted with no surviving quote — scored as a total loss (a known outcome, not a gap), with no % invented. n=1, pulled toward neutral. 2 other completion(s) not priced (2 no stored price) — left OUT of the ratio, not guessed.
52	ACKRELL SPAC Partners I Co. / Archimedes Tech Spac Partners Co (Sheehan Daniel L)	52	Mixed record	medium	3/3	67%n=3	Deal completion2/3 resolved vehicles closed a deal (67%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
53	Alussa Energy Acquisition Corp. II (Atkins Benjamin W)	52	Mixed record	medium	3/4	100%n=3	Liquidation / termination drag0 liquidations and 0 terminations across 4 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
54	B. Riley Principal (Shribman Daniel)	52	Mixed record	medium	3/3	67%n=3	Deal completion2/3 resolved vehicles closed a deal (67%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
55	Cartesian Capital	52	Mixed record	medium	3/7	100%n=3	Deal completion3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Gated ×0.86 by measured post-close quality (36/100): closing deals that ended below trust value is not a completed job, so only 86% of the completion credit is earned. Full credit resumes at outcome quality 50/100 (the median deSPAC ending at trust value); the gate can never exceed 1×.
56	GSR (Garcia/Silberman)	52	Mixed record	medium	3/5	100%n=3	Liquidation / termination drag0 liquidations and 0 terminations across 5 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
57	ION Acquisition Corp (Gilbert Avrom)	52	Mixed record	medium	3/3	67%n=3	Deal completion2/3 resolved vehicles closed a deal (67%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
58	Thunder Bridge (Simanson Gary A)	52	Mixed record	medium	3/3	67%n=3	Deal completion2/3 resolved vehicles closed a deal (67%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
59	Tortoise Acquisition Corp. / Tortoise Acquisition Corp. II (Cubbage Vincent T.)	52	Mixed record	medium	3/3	67%n=3	Deal completion2/3 resolved vehicles closed a deal (67%); 0 liquidated, 1 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
60	Industrial Tech Acquisitions, Inc. / Industrial Tech Acquisitions II, Inc. / Texas Ventures Acquisition III Corp (Viswanathan Aruna)	52	Mixed record	low	2/4	—	Liquidation / termination drag1 liquidation and 0 terminations across 4 vehicles raised → 25% attrition (terminations 1.25×, stale shells 0.75×).
61	Newbridge Acquisition (Liu Yongsheng)	52	Mixed record	low	2/4	—	Extension reliance1 extension vote across 3 in-DB vehicles (0.3 per vehicle; 3+ scores zero).
62	RA Capital (Research Alliance)	52	Mixed record	low	2/4	—	Liquidation / termination drag1 liquidation and 0 terminations across 4 vehicles raised → 25% attrition (terminations 1.25×, stale shells 0.75×).
63	Armada Acquisition (Herbert/Lurio)	52	Mixed record	low	1/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
64	Blue Water (Joseph Hernandez)	52	Mixed record	low	1/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
65	RF Acquisition (Tse Meng Ng)	52	Mixed record	low	1/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
66	Gores Group (Alec Gores)	51	Mixed record	high	12/14	75%n=12	Post-close outcome quality7 priced deSPACs vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -48%, 4/7 still worth at least half of trust, 1 at under a tenth of it. Worst: PSNY -95%. Best: Hostess Brands +243%. 2 more delisted with no surviving quote — scored as a total loss (a known outcome, not a gap), with no % invented.
67	Plum IV (Handwerker Steven)	51	Mixed record	medium	3/4	33%n=3	Deal completion1/3 resolved vehicles closed a deal (33%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
68	Isos Acquisition Corp. / Progress Acquisition Corp. (Barrios George A.)	51	Mixed record	low	2/2	—	Extension reliance1 extension vote across 2 in-DB vehicles (0.5 per vehicle; 3+ scores zero).
69	Kismet Acquisition One Corp / Quadro Acquisition One Corp. / Twelve Seas Investment Co III/Cayman (Tavrin Ivan)	51	Mixed record	low	2/3	—	Extension reliance1 extension vote across 3 in-DB vehicles (0.3 per vehicle; 3+ scores zero).
70	M3-Brigade (Mohsin Meghji)	51	Mixed record	low	2/4	—	Liquidation / termination drag1 liquidation and 0 terminations across 4 vehicles raised → 25% attrition (terminations 1.25×, stale shells 0.75×).
71	Real Asset / Space Asset (Ort · Tuder)	50	Mixed record	medium	5/6	40%n=5	Live fleet vs trust1/1 live vehicle trading at or above the trust value it filed.
72	Ares Management	50	Mixed record	low	2/3	—	Post-close outcome quality1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -58%, 0/1 still worth at least half of trust, 0 at under a tenth of it. Worst: KDK -58%. n=1, pulled toward neutral.
73	Colicity Inc. / Astra Space, Inc. (Massey Cathleen A)	50	Mixed record	low	2/2	—	Deal completion1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
74	Conyers Park (West David J)	50	Mixed record	low	2/2	—	Deal completion1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
75	Deep Medicine Acquisition Corp. (Luo Weixuan)	50	Mixed record	low	2/2	—	Extension reliance1 extension vote across 1 in-DB vehicle (1.0 per vehicle; 3+ scores zero).
76	ESH Acquisition Corp. / Global Blockchain Acquisition Corp. (Morris Jonathan D)	50	Mixed record	low	2/2	—	Extension reliance4 extension votes across 2 in-DB vehicles (2.0 per vehicle; 3+ scores zero).
77	FinServ Acquisition Corp. (Matza Robert)	50	Mixed record	low	2/2	—	Extension reliance2 extension votes across 2 in-DB vehicles (1.0 per vehicle; 3+ scores zero).
78	Fusion Acquisition Corp. (James John)	50	Mixed record	low	2/2	—	Deal completion1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
79	LF Capital Acquisition Corp. (Reed Scott A.)	50	Mixed record	low	2/2	—	Deal completion1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
80	Northern Genesis Acquisition Corp. (Manget Kenneth)	50	Mixed record	low	2/2	—	Deal completion1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
81	Panacea Acquisition (Marriott Sarah)	50	Mixed record	low	2/2	—	Deal completion1/2 resolved vehicles closed a deal (50%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
82	Constellation I (Davis Richard Charles)	50	Mixed record	low	1/3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
83	Bain Capital	50	Unproven	low	none of 1	—	Liquidation / termination drag0 liquidations and 0 terminations across 1 vehicle raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
84	Drugs Made In America Acquisition (Shulgan Myron W.)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
85	Dynamix (Bernatova Andrea)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
86	Evolution Global (Silver · Ichilov)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
87	Futurewave / FortuneX (Daniel M. McCabe)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
88	GalaxyEdge / QuasarEdge (Zhang Ping)	50	Unproven	low	none of 6	—	Liquidation / termination drag0 liquidations and 0 terminations across 6 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
89	General Catalyst	50	Unproven	low	none of 1	—	Liquidation / termination drag0 liquidations and 0 terminations across 1 vehicle raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
90	HCM IV Acquisition / Mercator Acquisition (Matthews Shawn)	50	Unproven	low	none of 4	—	Liquidation / termination drag0 liquidations and 0 terminations across 4 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
91	Hercules Capital Management (SPAC series)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
92	Insight Digital Partners II (Worman Glenn C.)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
93	K2 Capital Acquisition (Worman Glenn C.)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
94	Launch One Acquisition Corp. (van de Vyver Jurgen Johannes)	50	Unproven	low	none of 3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
95	Range Capital (Rotolo Tim)	50	Unproven	low	none of 3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
96	Renatus Tactical (Trump Media orbit)	50	Unproven	low	none of 1	—	Liquidation / termination drag0 liquidations and 0 terminations across 1 vehicle raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
97	RRE Ventures Acquisition (Kucharchuk Andrew Albert)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
98	Social Commerce Partners (Rollins Harley L Iii)	50	Unproven	low	none of 4	—	Liquidation / termination drag0 liquidations and 0 terminations across 4 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
99	SPACSphere Acquisition (Padmakumar Bala)	50	Unproven	low	none of 3	—	Liquidation / termination drag0 liquidations and 0 terminations across 3 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
100	Viking Acquisition (KingsRock)	50	Unproven	low	none of 2	—	Liquidation / termination drag0 liquidations and 0 terminations across 2 vehicles raised → 0% attrition (terminations 1.25×, stale shells 0.75×).
101	SilverBox Capital	49	Mixed record	low	2/4	—	Post-close outcome quality1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -91%, 0/1 still worth at least half of trust, 1 at under a tenth of it. Worst: BRCC -91%. n=1, pulled toward neutral.
102	Aimei Health Technology Co., Ltd / Genesis Unicorn Capital Corp. (Pascual Juan Fernandez)	49	Mixed record	low	1/2	—	Deal completion0/1 resolved vehicles closed a deal (0%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
103	Yorkville (Mark Angelo)	49	Mixed record	low	1/3	—	Deal completion0/1 resolved vehicles closed a deal (0%); 0 liquidated, 1 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
104	GigCapital (Avi Katz)	48	Weak record ▾	high	6/7	100%n=6	Post-close outcome quality4 priced deSPACs vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -74%, 1/4 still worth at least half of trust, 1 at under a tenth of it. Worst: QTI -98%. Best: Kaleyra -27%. 2 more delisted with no surviving quote — scored as a total loss (a known outcome, not a gap), with no % invented.
105	Dune / Collective (Carter Glatt)	48	Mixed record	medium	4/7	50%n=4	Post-close outcome quality1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -99%, 0/1 still worth at least half of trust, 1 at under a tenth of it. Worst: HGAS -99%. n=1, pulled toward neutral. 1 other completion(s) not priced (1 no stored price) — left OUT of the ratio, not guessed.
106	Highview Merger Corp. (Rettig Taylor)	48	Mixed record	medium	4/5	50%n=4	Live fleet vs trust0/1 live vehicle trading at or above the trust value it filed.
107	Carney Technology Acquisition Corp. II / Enterprise 4.0 Technology Acquisition Corp / ChaSerg Technology Acquisition Corp (Carney Lloyd)	48	Mixed record	medium	3/3	33%n=3	Deal completion1/3 resolved vehicles closed a deal (33%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
108	FAST Acquisition Corp. / FAST Acquisition Corp. II / Velocity Acquisition Corp. (Arani Ramin)	48	Mixed record	medium	3/3	33%n=3	Deal completion1/3 resolved vehicles closed a deal (33%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
109	AA Mission Acquisition Corp. (Sun Qing Bill)	48	Mixed record	low	1/2	—	Deal completion0/1 resolved vehicles closed a deal (0%); 1 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
110	Mountain Crest (Suying Liu)	47	Weak record ▾	medium	5/7	60%n=5	Post-close outcome quality2 priced deSPACs vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -94%, 0/2 still worth at least half of trust, 1 at under a tenth of it. Worst: BTTX -100%. Best: PLBY -87%. n=2, pulled toward neutral. 1 other completion(s) not priced (1 no stored price) — left OUT of the ratio, not guessed.
111	InterPrivate (Bentley Brandon Cowles)	47	Mixed record	medium	4/5	50%n=4	Post-close outcome quality1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -100%, 0/1 still worth at least half of trust, 1 at under a tenth of it. Worst: Getaround, Inc -100%. n=1, pulled toward neutral. 1 other completion(s) not priced (1 no stored price) — left OUT of the ratio, not guessed.
112	Rubicon Technologies, Inc. / 10X Capital Venture Acquisition Corp. III (Ahmed Osman)	47	Mixed record	medium	4/4	25%n=4	Deal completion1/4 resolved vehicles closed a deal (25%); 2 liquidated, 1 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
113	Four Leaf Acquisition Corp / IB Acquisition	47	Mixed record	low	1/2	—	Deal completion0/1 resolved vehicles closed a deal (0%); 0 liquidated, 1 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
114	Churchill Capital (Michael Klein)	46	Weak record ▾	high	12/15	58%n=12	Post-close outcome quality5 priced deSPACs vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -90%, 1/5 still worth at least half of trust, 3 at under a tenth of it. Worst: SKIL -96%. Best: INFQ +29%. 2 other completion(s) not priced (2 no stored price) — left OUT of the ratio, not guessed.
115	Mountain Lake (Grinberg · Horlick)	45	Mixed record	medium	4/5	50%n=4	Post-close outcome quality1 priced deSPAC vs trust value (prior vehicles against the $10.00 IPO baseline, in-DB vehicles against the trust they filed): median -96%, 0/1 still worth at least half of trust, 1 at under a tenth of it. Worst: AVAT -96%. n=1, pulled toward neutral. 1 other completion(s) not priced (1 no stored price) — left OUT of the ratio, not guessed.
116	Jaws (Racich Michael)	45	Mixed record	low	2/2	—	Deal completion0/2 resolved vehicles closed a deal (0%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.
117	ScION Tech Growth (Hooda Sheila)	45	Mixed record	low	2/2	—	Deal completion0/2 resolved vehicles closed a deal (0%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty. Small sample — the shrink below keeps this near neutral.

2 × strong operator93 × mixed record4 × weak record18 × unproven

70 sponsors read above the neutral 50, 17 below it and 30 sit exactly on it. A tier chip with a ▾ was capped: the arithmetic allowed a better label but the engine refused to print it (no measured outcome evidence, a median deSPAC below half of trust value, or an explicit weak-operator verdict in the sourced research). Caps never move the number. Open a sponsor for the full component breakdown, every note in full, and the prior vehicles behind it.

Fleet league table

curated or not, ranked by fleet size

#	Sponsor	Vehicles	Raised	Searching	In deal	Completed	Ended	Tickers
1	Cohen Circle (Betsy Cohen)	19	$1.5B	4	1	6	8	FTIV FTCV HERA FTPA FTOC ZING+13
2	Bleichroeder	13	$2.1B	2	4	6	1	BRR IPAX IPCX CCCT IPEX CMII+7
3	Cantor Fitzgerald (Brandon Lutnick)	13	$1.3B	4	0	7	2	CEPV CFVI CFV CFIV CFFE CEPF+7
4	Hennessy Capital (Daniel Hennessy)	9	$0.7B	2	0	6	1	TWOA PTIC HCVI GOEV HVII HCIC+3
5	Owl Creek Asset Management, L.P.	9	—	0	0	7	2	DKDCA LHC UPTD MCAE BSGA SPK+3
6	Churchill Capital (Michael Klein)	6	$1.2B	2	1	2	1	CCXI CXII CCX CCIX CCCX XIII
7	Bitcoin Infrastructure (Gentry Ryan)	4	$0.8B	2	1	1	0	CSLM KOYN TACO BIXI
8	D. Boral / ARC Group (MFH sponsor series)	4	$0.7B	1	0	2	1	ARCL BCAR DBCA EFHT
9	Osprey / Crane Harbor (Jonathan Z. Cohen)	4	$0.6B	2	0	1	1	CRAN OSPR SCLE CHAC
10	Mountain Lake (Grinberg · Horlick)	4	$0.6B	1	0	1	2	SLAC MLAC SHOT MLAA
11	Real Asset / Space Asset (Ort · Tuder)	4	$0.4B	1	0	1	2	DAAQ RAAQ SAAQ CND
12	Industrial Tech Acquisitions, Inc. / Industrial Tech Acquisitions II, Inc. / Texas Ventures Acquisition III Corp (Viswanathan Aruna)	4	$0.4B	1	1	1	1	ITAC TVA TVIV ITAQ
13	GalaxyEdge / QuasarEdge (Zhang Ping)	4	$0.4B	1	3	0	0	QSEA GLED QUMS QRED
14	Dune / Collective (Carter Glatt)	4	$0.4B	2	0	1	1	CCAQ AHRN DUNE CAII
15	Highview Merger Corp. (Rettig Taylor)	4	$0.2B	1	0	1	2	FMIV HVMC ACII ACIC
16	InterPrivate (Bentley Brandon Cowles)	4	$0.2B	1	0	1	2	IPVV IPVF IPVA IPVI
17	Pelican Acquisition Corp / Pelican Acquisition II / Quetta Acquisition Corp (Labbe Robert L.)	4	$0.1B	1	1	1	1	YOTA QETA PLCI PELI
18	HCM IV Acquisition / Mercator Acquisition (Matthews Shawn)	3	$0.7B	3	0	0	0	MRCO HACQ HCMA
19	Cartesian Capital	3	$0.5B	1	1	1	0	GLBL CGCF RENEF
20	GSR (Garcia/Silberman)	3	$0.5B	2	0	1	0	GSRT GSRV GSRF
21	Brilliant Acquisition Corp / Kochav Defense Acquisition Corp. / SC II Acquisition Corp. (Shalom Menachem)	3	$0.4B	2	0	1	0	SCII KCHV BRLI
22	NewHold Industrial (Charlton/Scharfman)	3	$0.4B	1	1	1	0	NHIV NHIC EVLV
23	Yorkville (Mark Angelo)	3	$0.4B	2	0	0	1	MCGA NWAX YICC
24	Rice (Rogers James Wilmot)	3	$0.3B	1	0	2	0	RICE RONI KRSP
25	Alussa Energy Acquisition Corp. II (Atkins Benjamin W)	3	$0.3B	1	0	2	0	XPDB XPDI ALUB
26	Live Oak (Hendrix Richard J)	3	$0.2B	0	0	3	0	LOKB LOAK LOKV
27	Kismet Acquisition One Corp / Quadro Acquisition One Corp. / Twelve Seas Investment Co III/Cayman (Tavrin Ivan)	3	$0.2B	1	0	1	1	QDRO TWLV KSMT
28	Black Spade Sponsor LLC	3	$0.2B	0	1	2	0	BSII BSAQ BIII
29	Helix Acquisition (Obradovic Nebojsa)	3	$0.2B	1	0	2	0	HLXA HLXC HLXB
30	RedOne Investment Limited	3	$0.1B	0	1	2	0	LAAA LBBB LCCC

Repeat sponsors (≥2 vehicles) across all 1,283 SPACs in our own record, ranked by fleet size then capital. Names without a link have no curated entity record yet, so they carry no Sponsor Score — an absence of a score, not a score of zero, and not a judgement on the sponsor.

Live fleets

what each sponsor runs today

Helix Acquisition (Obradovic Nebojsa)61/100Strong operatormedium confidence

HLXA—Closed (deSPAC)HLXB—Closed (deSPAC)HLXC$10.80Searching

Rice (Rogers James Wilmot)60/100Strong operatormedium confidence

KRSP$10.55Searching RICE—Closed (deSPAC)RONI—Closed (deSPAC)

Hennessy Capital (Daniel Hennessy)59/100Mixed recordhigh confidence

GOEV—Closed (deSPAC)HCIC$9.99Searching HCVI—Closed (deSPAC)HVII$10.80Deal approved PRCH—Closed (deSPAC)PTIC—Closed (deSPAC)TWOA—Closed (deSPAC)VCIC—Closed (deSPAC)VHCP$10.10Searching

Live Oak (Hendrix Richard J)59/100Mixed recordmedium confidence

LOAK—Closed (deSPAC)LOKB—Closed (deSPAC)LOKV—Closed (deSPAC)

Inflection Point (Michael Blitzer)59/100Mixed recordmedium confidence

IPHX—Searching

Eagle Equity Partners (Sloan/Sagansky)58/100Weak recordhigh confidence

BEAG$10.80Searching IEAG$10.22Searching

Bleichroeder 57/100Mixed recordhigh confidence

BACQ—Closed (deSPAC)BBCQ—Closed (deSPAC)BCCQ$10.01Deal announced BRR—Closed (deSPAC)CCCT$9.84Searching CMII$10.04Deal announced IPAX—Closed (deSPAC)IPCX—Closed (deSPAC)IPEX$9.18Deal approved IPFX$10.06Deal announced IPXX—Closed (deSPAC)PTOR$9.99Searching SVAQ$10.05Deal announced

CM Life Sciences, Inc. / EQRx, Inc. / SomaLogic, Inc. (Casdin Eli)57/100Mixed recordmedium confidence

CMLF—Closed (deSPAC)CMLT—Closed (deSPAC)SLGC—Closed (deSPAC)

Longevity Acquisition Corp / Model Performance Acquisition Corp / Tenzing Acquisition Corp. (Gerber Sander)57/100Mixed recordmedium confidence

LOAC—Closed (deSPAC)MPAC—Closed (deSPAC)TZAC—Closed (deSPAC)

Spring Valley Acquisition 57/100Mixed recordmedium confidence

SVAC—Closed (deSPAC)SVIV$10.18Searching

EQV Ventures (Silvey Jerome Comstock Iii)57/100Mixed recordlow confidence

EVAC$10.30Searching FTW—Closed (deSPAC)

Athena Technology Acquisition Corp. / ShoulderUP Technology Acquisition Corp. (Howroyd Janice Bryant)56/100Mixed recordmedium confidence

ATHN—Closed (deSPAC)SUAC—Closed (deSPAC)

Aesther Healthcare Acquisition Corp. / PowerUp Acquisition Corp. (Fell Donald G.)56/100Mixed recordlow confidence

AEHA—Closed (deSPAC)PWUP—Closed (deSPAC)

Alpha Healthcare Acquisition (Shukla Rajiv)56/100Mixed recordlow confidence

AHAC—Closed (deSPAC)ALPA—Closed (deSPAC)

Aperture AC (Kung Calvin)56/100Mixed recordlow confidence

APUR$10.02Searching FNVT—Closed (deSPAC)

Bridgetown (Altman Samuel H.)56/100Mixed recordlow confidence

BTNB—Closed (deSPAC)BTWN—Closed (deSPAC)

Cantor Fitzgerald (Brandon Lutnick)55/100Mixed recordhigh confidence

CAEP—Closed (deSPAC)CAES$10.08Searching CEP—Closed (deSPAC)CEPF$10.37Searching CEPO$10.75Deal terminated CEPS$10.35Searching CEPT—Closed (deSPAC)CEPV$10.39Searching CFFE—Closed (deSPAC)CFII—Closed (deSPAC)CFIV—Liquidated CFV—Closed (deSPAC)CFVI—Closed (deSPAC)

Boxwood Merger Corp. / SILVERBOX ENGAGED MERGER CORP I (Esters Daniel E.)55/100Mixed recordlow confidence

BWMC—Closed (deSPAC)SBEA—Closed (deSPAC)

CIIG Merger Corp. (Cuneo Gavin)55/100Mixed recordlow confidence

CIIC—Closed (deSPAC)CIIG—Closed (deSPAC)

FS Development Corp. / PARDES BIOSCIENCES, INC. (Pakianathan Deepika)55/100Mixed recordlow confidence

FSDC—Closed (deSPAC)FSII—Closed (deSPAC)

GX Acquisition Corp. (Weinberger Hillel)55/100Mixed recordlow confidence

GXGX—Closed (deSPAC)GXII—Closed (deSPAC)

Joby Aviation, Inc. / Hippo Holdings Inc. (Cohen David K.)55/100Mixed recordlow confidence

RTP—Closed (deSPAC)RTPZ—Closed (deSPAC)

Nebula Caravel Acquisition Corp. / TWC Tech Holdings II Corp. (Adams Rufina A)55/100Mixed recordlow confidence

NEBC—Closed (deSPAC)TWCT—Closed (deSPAC)

Pacifico Acquisition Corp. / Redwoods Acquisition Corp. (Wang Cong Edward)55/100Mixed recordlow confidence

PAFO—Closed (deSPAC)RWOD—Closed (deSPAC)

Software Acquisition Group Inc. (Olton Matt)55/100Mixed recordlow confidence

SAII—Closed (deSPAC)SAQN—Closed (deSPAC)

Pono Capital (Shindo Dustin M)54/100Mixed recordlow confidence

AWIN—Closed (deSPAC)PONO$10.03Deal announced

Tavia (Mametov Askar)54/100Mixed recordlow confidence

OXUS—Closed (deSPAC)TAVI$10.73Deal announced

United Acquisition I (Packer Paul)54/100Mixed recordlow confidence

GLAQ—Closed (deSPAC)UAC$9.96Searching

Bitcoin Infrastructure (Gentry Ryan)54/100Mixed recordlow confidence

BIXI$10.10Searching CSLM—Closed (deSPAC)KOYN$10.24Deal announced TACO$10.48Searching

Chenghe Acquisition II Co. / Chenghe Acquisition III Co. / Ribbon (Zhou Zhiyang)54/100Mixed recordlow confidence

CHEB—Closed (deSPAC)CHEC$10.25Searching RIBB$13.69Deal announced

DT Cloud Star Acquisition Corp / Golden Star Acquisition Corp (Lam Kenneth)54/100Mixed recordlow confidence

DTSQ$11.37Searching GODN—Closed (deSPAC)

LIGHTJUMP ACQUISITION CORP / LightWave Acquisition Corp. (Bennett Robert Michael)54/100Mixed recordlow confidence

LJAQ—Closed (deSPAC)LWAC$10.32Searching

New Providence Acquisition Corp. (Smith Gary P.)54/100Mixed recordlow confidence

NPA—Closed (deSPAC)NPAC$10.47Deal announced

Sizzle Acquisition Corp. (Lee Daniel Christopher)54/100Mixed recordlow confidence

SZZL$10.46Deal announced

Titan / Voyager (Rouf Adeel)54/100Mixed recordlow confidence

TACH$10.50Deal announced VACH—Closed (deSPAC)

Osprey / Crane Harbor (Jonathan Z. Cohen)53/100Mixed recordmedium confidence

CHAC—Closed (deSPAC)CRAN$10.14Searching OSPR$9.84Searching SCLE—Liquidated

NewHold Industrial (Charlton/Scharfman)53/100Mixed recordmedium confidence

EVLV—Closed (deSPAC)NHIC$10.62Deal announced NHIV$10.10Searching

Axiom Intelligence I (Mamadou Daniel)53/100Mixed recordlow confidence

AXIN$10.35Deal announced WTMA—Closed (deSPAC)

Archimedes Tech SPAC Partners 53/100Mixed recordlow confidence

ARCI$10.10Searching ATII$10.66Deal announced

Brilliant Acquisition Corp / Kochav Defense Acquisition Corp. / SC II Acquisition Corp. (Shalom Menachem)53/100Mixed recordlow confidence

BRLI—Closed (deSPAC)KCHV$10.45Searching SCII$10.12Searching

Hainan Manaslu Acquisition Corp. / Rising Dragon Acquisition Corp. (Shen Wenyi)53/100Mixed recordlow confidence

HMAC—Closed (deSPAC)RDAC$5.76Searching

Iron Horse (Bengochea Jose Antonio)53/100Mixed recordlow confidence

IRHO$10.06Deal announced IROH—Closed (deSPAC)

JATT (biotech serial)53/100Mixed recordlow confidence

JATT$12.30Deal announced JTTT$11.10Searching

LaFayette Acquisition Corp. (Calabrese Jennifer Rosario)53/100Mixed recordlow confidence

LAFA$10.16Searching

Pelican Acquisition Corp / Pelican Acquisition II / Quetta Acquisition Corp (Labbe Robert L.)53/100Mixed recordlow confidence

PELI—Closed (deSPAC)PLCI$9.89Searching QETA$11.85Deal announced YOTA—Zombie

Willow Lane Acquisition (Orellana Mauricio)53/100Mixed recordlow confidence

WLAC—Closed (deSPAC)WLII—Searching

D. Boral / ARC Group (MFH sponsor series)52/100Mixed recordmedium confidence

ARCL$10.01Searching BCAR—Closed (deSPAC)DBCA$10.03Deal terminated EFHT—Closed (deSPAC)

ACKRELL SPAC Partners I Co. / Archimedes Tech Spac Partners Co (Sheehan Daniel L)52/100Mixed recordmedium confidence

ACKI—Liquidated ATSP—Closed (deSPAC)

Alussa Energy Acquisition Corp. II (Atkins Benjamin W)52/100Mixed recordmedium confidence

ALUB$10.14Searching XPDB—Closed (deSPAC)XPDI—Closed (deSPAC)

B. Riley Principal (Shribman Daniel)52/100Mixed recordmedium confidence

BRIV—Liquidated BRPM—Closed (deSPAC)EOSE—Closed (deSPAC)

Cartesian Capital 52/100Mixed recordmedium confidence

CGCF$9.84Searching GLBL—Closed (deSPAC)RENEF—Deal announced

GSR (Garcia/Silberman)52/100Mixed recordmedium confidence

GSRF$10.23Searching GSRT—Closed (deSPAC)GSRV$9.89Searching

ION Acquisition Corp (Gilbert Avrom)52/100Mixed recordmedium confidence

IACA—Closed (deSPAC)IACB—Closed (deSPAC)IACC—Liquidated

Thunder Bridge (Simanson Gary A)52/100Mixed recordmedium confidence

TBCP—Liquidated THBR—Closed (deSPAC)THCP—Closed (deSPAC)

Tortoise Acquisition Corp. / Tortoise Acquisition Corp. II (Cubbage Vincent T.)52/100Mixed recordmedium confidence

HYLN—Closed (deSPAC)SNPR—Closed (deSPAC)

Industrial Tech Acquisitions, Inc. / Industrial Tech Acquisitions II, Inc. / Texas Ventures Acquisition III Corp (Viswanathan Aruna)52/100Mixed recordlow confidence

ITAC—Closed (deSPAC)ITAQ—Liquidated TVA$10.55Deal announced TVIV$9.97Searching

Newbridge Acquisition (Liu Yongsheng)52/100Mixed recordlow confidence

GBRG—Closed (deSPAC)GDST—Zombie NBRG$10.06Deal announced

RA Capital (Research Alliance)52/100Mixed recordlow confidence

RACC$11.60Deal announced RACD$11.84Searching

Armada Acquisition (Herbert/Lurio)52/100Mixed recordlow confidence

AACI$10.04Searching XRPN$10.54Deal announced

Blue Water (Joseph Hernandez)52/100Mixed recordlow confidence

BLUW$10.37Searching BWIV$9.95Deal announced

RF Acquisition (Tse Meng Ng)52/100Mixed recordlow confidence

RFAI$32.00Deal announced RFAM$9.98Deal announced

Gores Group (Alec Gores)51/100Mixed recordhigh confidence

GHXI$10.11Searching GTEN$10.55Searching

Plum IV (Handwerker Steven)51/100Mixed recordmedium confidence

PLMJF—Closed (deSPAC)PLMK$10.65Deal announced

Isos Acquisition Corp. / Progress Acquisition Corp. (Barrios George A.)51/100Mixed recordlow confidence

ISOS—Closed (deSPAC)PGRW—Liquidated

Kismet Acquisition One Corp / Quadro Acquisition One Corp. / Twelve Seas Investment Co III/Cayman (Tavrin Ivan)51/100Mixed recordlow confidence

KSMT—Closed (deSPAC)QDRO—Liquidated TWLV$10.07Searching

M3-Brigade (Mohsin Meghji)51/100Mixed recordlow confidence

MBVI$10.23Searching

Real Asset / Space Asset (Ort · Tuder)50/100Mixed recordmedium confidence

CND—Liquidated DAAQ$10.44Deal terminated RAAQ—Closed (deSPAC)SAAQ$10.10Searching

Ares Management 50/100Mixed recordlow confidence

AAC$10.06Searching

Colicity Inc. / Astra Space, Inc. (Massey Cathleen A)50/100Mixed recordlow confidence

COLI—Liquidated HOL—Closed (deSPAC)

Conyers Park (West David J)50/100Mixed recordlow confidence

CPAA—Liquidated

Deep Medicine Acquisition Corp. (Luo Weixuan)50/100Mixed recordlow confidence

DMAQ—Closed (deSPAC)

ESH Acquisition Corp. / Global Blockchain Acquisition Corp. (Morris Jonathan D)50/100Mixed recordlow confidence

ESHA—Closed (deSPAC)GBBK—Liquidated

FinServ Acquisition Corp. (Matza Robert)50/100Mixed recordlow confidence

FSRV—Closed (deSPAC)FSRX—Liquidated

Fusion Acquisition Corp. (James John)50/100Mixed recordlow confidence

FUSE—Closed (deSPAC)

LF Capital Acquisition Corp. (Reed Scott A.)50/100Mixed recordlow confidence

LSEA—Closed (deSPAC)

Northern Genesis Acquisition Corp. (Manget Kenneth)50/100Mixed recordlow confidence

NGAB—Closed (deSPAC)NGC—Liquidated

Panacea Acquisition (Marriott Sarah)50/100Mixed recordlow confidence

NUVB—Closed (deSPAC)PANA—Liquidated

Constellation I (Davis Richard Charles)50/100Mixed recordlow confidence

CSTAF$13.05Deal announced XTER$9.82Searching

Bain Capital 50/100Unprovenlow confidence

BCSS$10.29Searching

Drugs Made In America Acquisition (Shulgan Myron W.)50/100Unprovenlow confidence

DMAA$10.80Deal announced DMII$10.16Searching

Dynamix (Bernatova Andrea)50/100Unprovenlow confidence

DNMX$10.07Searching ETHM—Searching

Evolution Global (Silver · Ichilov)50/100Unprovenlow confidence

EVOX$10.13Searching MEVO$10.02Searching

Futurewave / FortuneX (Daniel M. McCabe)50/100Unprovenlow confidence

FWAC$9.93Searching FXAC$10.08Searching

GalaxyEdge / QuasarEdge (Zhang Ping)50/100Unprovenlow confidence

GLED$10.01Deal announced QRED$10.04Deal announced QSEA—Deal announced QUMS$10.33Searching

General Catalyst 50/100Unprovenlow confidence

GCGR$10.19Searching

HCM IV Acquisition / Mercator Acquisition (Matthews Shawn)50/100Unprovenlow confidence

HACQ$10.08Searching HCMA$10.32Searching MRCO$9.89Searching

Hercules Capital Management (SPAC series)50/100Unprovenlow confidence

COLA$9.75Deal announced EURK$11.55Deal announced

Insight Digital Partners II (Worman Glenn C.)50/100Unprovenlow confidence

DYOR$10.12Searching

K2 Capital Acquisition (Worman Glenn C.)50/100Unprovenlow confidence

KTWO$10.09Searching

Range Capital (Rotolo Tim)50/100Unprovenlow confidence

RANG—Searching RNGT$10.17Searching

Renatus Tactical (Trump Media orbit)50/100Unprovenlow confidence

RTAC$10.45Searching

RRE Ventures Acquisition (Kucharchuk Andrew Albert)50/100Unprovenlow confidence

RREV$9.91Searching

SPACSphere Acquisition (Padmakumar Bala)50/100Unprovenlow confidence

CHPG$10.49Searching SSAC$10.09Deal announced

Viking Acquisition (KingsRock)50/100Unprovenlow confidence

VACI$6.32Deal approved VII$9.83Searching

SilverBox Capital 49/100Mixed recordlow confidence

SBXD$10.86Deal announced SBXE$10.10Searching

Aimei Health Technology Co., Ltd / Genesis Unicorn Capital Corp. (Pascual Juan Fernandez)49/100Mixed recordlow confidence

AFJK$12.25Searching GENQ—Liquidated

Yorkville (Mark Angelo)49/100Mixed recordlow confidence

MCGA$10.37Deal terminated NWAX$10.13Searching YICC$9.93Searching

GigCapital (Avi Katz)48/100Weak recordhigh confidence

GIX$9.99Searching

Dune / Collective (Carter Glatt)48/100Mixed recordmedium confidence

AHRN—Liquidated CAII$9.99Searching CCAQ$10.58Searching DUNE—Closed (deSPAC)

Highview Merger Corp. (Rettig Taylor)48/100Mixed recordmedium confidence

ACIC—Closed (deSPAC)ACII—Liquidated FMIV—Liquidated HVMC$10.25Searching

Carney Technology Acquisition Corp. II / Enterprise 4.0 Technology Acquisition Corp / ChaSerg Technology Acquisition Corp (Carney Lloyd)48/100Mixed recordmedium confidence

CTAQ—Liquidated ENTF—Liquidated GDYN—Closed (deSPAC)

FAST Acquisition Corp. / FAST Acquisition Corp. II / Velocity Acquisition Corp. (Arani Ramin)48/100Mixed recordmedium confidence

FST—Liquidated FZT—Closed (deSPAC)VELO—Liquidated

AA Mission Acquisition Corp. (Sun Qing Bill)48/100Mixed recordlow confidence

AAM—Liquidated YCY$10.23Searching

Mountain Crest (Suying Liu)47/100Weak recordmedium confidence

MCAD—Closed (deSPAC)MCAH$10.02Searching

InterPrivate (Bentley Brandon Cowles)47/100Mixed recordmedium confidence

IPVA—Closed (deSPAC)IPVF—Liquidated IPVI—Liquidated IPVV$9.84Searching

Rubicon Technologies, Inc. / 10X Capital Venture Acquisition Corp. III (Ahmed Osman)47/100Mixed recordmedium confidence

FOUN—Closed (deSPAC)VCXB—Liquidated

Four Leaf Acquisition Corp / IB Acquisition 47/100Mixed recordlow confidence

FORL—Deal terminated IBAC$10.91Deal announced

Churchill Capital (Michael Klein)46/100Weak recordhigh confidence

CCCX—Closed (deSPAC)CCIX—Liquidated CCX—Closed (deSPAC)CCXI$13.20Deal announced CXII$10.75Searching XIII—Searching

Mountain Lake (Grinberg · Horlick)45/100Mixed recordmedium confidence

MLAA$10.01Deal terminated MLAC—Closed (deSPAC)SHOT$9.84Searching SLAC—Liquidated

Jaws (Racich Michael)45/100Mixed recordlow confidence

HCNE—Liquidated JUGG—Liquidated

ScION Tech Growth (Hooda Sheila)45/100Mixed recordlow confidence

SCOA—Liquidated SCOB—Liquidated

How the score works

Sponsors are ranked 0–100 on the only question that pays: what happened to the people who held through the merger? Post-close outcome quality carries 40% of the weight, deal completion is gated by it, and every component publishes what it measured — and what it could not. A first-time sponsor sits at exactly 50 and reads “unproven”: no record is not a bad record.

How the Sponsor Score worksoutcome-first weighting

The score answers one question: did this sponsor make money for the people who held through the merger? Not “did they get a deal signed”. Those are different questions, and most sponsor rankings quietly answer the second one.

So post-close outcome quality carries 40% — the realised return of every prior vehicle we can price from a primary filing, measured against the $10.00 trust baseline. Deal completion carries 20%, and it is gated: closing deals that ended below trust value only earns part of the completion credit, because closing is a precondition for a return, not a return. Liquidation and termination drag takes 16%, redemption behaviour 10%, extension reliance 8%, and what the tape says about the live fleet just 6% — a quote is an opinion, not evidence.

A component with no data is never guessed. It is held at the neutral 50 across its full weight and labelled “not measurable”. Dropping it and re-weighting the rest would quietly reward a sponsor for having no verifiable record — exactly backwards. The consequence: a sponsor with no post-close evidence at all cannot read above 71, and cannot be labelled a strong operator no matter how many deals it closed.

Experience never inflates the score. There is no “years in business” component. A first-time sponsor sits at exactly 50 and reads “unproven” with low confidence — new is not bad. Sample size only pulls a score toward or away from that neutral 50, so nobody is called great or terrible on one vehicle.

Every input is a row already in the database, sourced from SEC primary filings: prior vehicles verified on EDGAR, redemption results read out of 8-Ks, prices from public feeds. The arithmetic is deterministic — no model, no LLM, no judgement call. Research tooling, not investment advice.

The base rate this is measured against. SPACGraveyard puts the average post-merger return across the 1,320 SPACs in its own database at −62% from $10. Our record is smaller and separate — 1,283 SPACs, of which the 80 completed deSPACs run by a scored sponsor and priced from a primary filing come out at a median of −45%, which is the chart at the top of this page. Both say the same thing: a sponsor reading above the neutral 50 is beating a brutal base rate, not a good one. Sponsor quality sets how fast a deal comes and how much survives it; it never changes the redemption math, which is the only floor a holder actually owns.