US Listed SPAC Insights First Quarter 2021 An LSEG Business SPAC Insights First Quarter 2021 US Listed SPAC IPO's YoY Change ($) 2340% QoQ Change ($) 154% Monthly SPAC IPO Volumes Top US Listed SPAC IPO's Rank Rank Proceeds Market Mkt. # of $40 Rank Rank Proceeds Market Mkt. 120# of Proceeds Bookrunner 2021 2020 USmil Share Sh. Chg Deals Bookrunner 2020 2019 USmil Share Sh. Chg Deals Issue Date Issuer Name (USmil) CEO Citi 1 2 14,638 16.1 2.7 72 China International Capital Co 1 2 6,929 11.5 2.2 38 02/23/21 Soaring Eagle Acquisition Corp 1,725.0 Harry E. Sloan Goldman Sachs & Co 2 1 10,487 11.5 -23.5 38 China$35 Securities Co Ltd 2 4 5,815 9.7 4.5 29 Credit Suisse 3 3 8,344 9.2 -2.6 42 CITIC 3 1 5,694 9.5 -3.4 34 100 02/11/21 Churchill Capital Corp VII 1,380.0 Michael Klein Cantor Fitzgerald LP 4 - 6,658 7.3 - 29 Haitong Securities Co Ltd 4 5 3,096 5.2 0.5 42 Jefferies LLC 5 11 5,938 6.5 4.4 30 Huatai$30 Securities Co Ltd 5 10 2,947 4.9 2.2 26 02/25/21 Austerlitz Acquisition Corp II 1,380.0 Richard N. Massey Deutsche Bank 6 4 4,977 5.5 -2.3 28 Guotai Junan Securities 6 7 2,227 3.7 0.5 27 Morgan Stanley 7 6 4,743 5.2 -0.5 24 Sinolink Securities Co Ltd 7 37 2,147 3.6 2.9 80 18 KKR Acquisition Holdings I 03/16/21 1,200.0 Glenn Murphy BofA Securities Inc 8 - 4,590 5.0 - 25 Morgan$25 Stanley Huaxin Securities 8 6 1,813 3.0 -0.4 12 Corp JP Morgan 9 - 4,363 4.8 - 23 China Merchants Securities Co 9 3 1,726 2.9 -2.6 20 02/01/21 Jaws Mustang Acquisition Corp 1,035.0 Andrew Klaber Barclays 10 - 4,342 4.8 - 27 JP Morgan 10 25 1,382 2.3 1.1 6 UBS 11 7 3,308 3.6 -1.5 16 Everbright$20 Securities Co Ltd 11 38 1,347 2.2 1.5 60 16 01/14/21 Thoma Bravo Advantage 1,000.0 Robert Sayle Earlybirdcapital Inc 12 5 2,320 2.6 -3.9 16 Minsheng Securities Co Ltd 12 26 1,339 2.2 1.2 18 BTIG LLC 13 - 2,194 2.4 - 12 Goldman Sachs & Co 13 27 1,262 2.1 1.1 7 02/01/21 Ares Acquisition Corp 1,000.0 David B. Kaplan Cowen & Co 14 - 2,061 2.3 - 11 Industrial$15 Securities Co Ltd 14 29 1,128 1.9 0.9 15 40 RBC Capital Markets 15 - 1,651 1.8 - 8 GF Securities 15 11 993 1.7 -0.9 17 Reinvent Technology Partners 03/15/21 850.0 Michael Thompson Stifel/KBW 16 - 970 1.1 - 8 Credit Suisse 16 18 965 1.6 -0.1 6 Y $10 B Riley Financial Inc 17 - 707 0.8 - 4 Dongxing Securities 17 9 936 1.6 -1.2 11 03/03/21 FTAC Hera Acquisition Corp 800.0 Daniel G. Cohen BMO Capital Markets 18 - 673 0.7 - 5 BofA Securities Inc 18 30 933 1.6 0.7 4 20 Mizuho Financial Group 19 - 646 0.7 - 4 China Merchants Bank 19 12 894 1.5 -0.7 24 Compute Health Acquisition Jean Nehmé (co-CEO) $5 02/04/21 750.0 Oppenheimer Holdings Inc 20 - 605 0.7 - 4 Essence Securities Co Ltd 20 15 883 1.5 -0.4 16 Corp Joshua Fink (co-CEO) Moelis & Co 21 - 554 0.6 - 5 Guosen Securities Co Ltd 21 13 853 1.4 -0.7 15 03/22/21 Gores Guggenheim Inc 750.0 Mark Stone Evercore Partners 22 - 551 0.6 - 4 UBS$0 22 20 756 1.3 -0.2 0 7 Maxim Group LLC 23 12 490 0.5 -1.1 5 China Renaissance Holdings Ltd 23 58 748 1.3 1.1 4 J F M A M J J A S O N D J F M 01/12/21 Pontem Corp 690.0 Hubertus Muehlhaeuser Guggenheim Securities LLC 24 - 465 0.5 - 2 Citi 24 16 694 1.2 -0.6 6 2020 2021 Wells Fargo & Co 25 - 460 0.5 - 4 Orient Securities Co Ltd 25 40 632 1.1 0.5 10 Proceeds (USbn) # of Issues 02/25/21 Austerlitz Acquisition Corp I 690.0 Richard N. Massey Industry Total 91,081 100.0 297 Industry Total 60,054 100.0 376 Pending & Completed SPAC Acquistions YoY Change ($) 2936% QoQ Change () 192% Top SPAC Acquisitions Rank Rank Value Market Mkt. # of Date Value of Enterprise Value at Financial Advisor 2021 2020 USmil Share Sh. Chg Deals Announced Status Target Name Acquiror Name Transaction (mil) Announcement (mil) Industry Citi 1 12 94,781 41.1 34.0 22 02/22/21 Pending Lucid Motors USA Inc Churchill Capital Corp IV 11,750.0 11,750.0 Automobiles & Components Goldman Sachs & Co 2 10 76,921 33.4 13.4 24 Morgan Stanley 3 1* 55,349 24.0 -19.2 18 03/16/21 Pending eToro Group Ltd Fintech Acquisition Corp V 10,366.0 10,366.0 Brokerage Credit Suisse 4 5* 47,883 20.8 -2.5 19 JP Morgan 5 5* 46,494 20.2 -3.1 20 03/21/21 Pending Ironsource Ltd Thoma Bravo Advantage 10,000.0 10,000.0 Software BofA Securities Inc 6 4 40,272 17.5 -16.3 16 Jefferies LLC 7 16* 37,804 16.4 13.0 17 02/23/21 Pending Ardagh Metal Packaging SA Gores Holdings V Inc 9,326.2 9,326.2 Containers & Packaging Deutsche Bank 8 3 28,557 12.4 -27.5 10 Barclays 9 5* 27,485 11.9 -11.4 14 02/01/21 Pending Fertitta Entertainment Inc FAST Acquisition Corp 6,715.0 6,715.0 Casinos & Gaming PJT Partners Inc 10 5* 19,324 8.4 -14.9 4 Guggenheim Securities LLC 11 - 17,387 7.5 7.5 5 Credit Institutions 01/07/21 Pending Social Finance Inc Social Capital Hedosophia V 6,569.8 6,569.8 UBS 12 - 14,114 6.1 6.1 4 Duff & Phelps 13 13* 13,536 5.9 1.6 4 02/03/21 Pending CCC Information Services Inc Dragoneer Growth Opportunities 6,542.0 6,542.0 Internet Software & Services Cowen & Co 14 1* 11,965 5.2 -38.0 9 Connaught St Michaels Ltd 15 - 9,786 4.3 4.3 3 03/29/21 Pending Cazoo Ltd AJAX I Acquisition Corp 6,380.0 6,380.0 Automotive Retailing Evercore Partners 16 - 9,173 4.0 4.0 2 Moelis & Co 17 - 7,483 3.3 3.3 6 03/26/21 Pending WeWork Cos Inc BowX Acquisition Corp 6,379.3 6,379.3 Non Residential LionTree Advisors LLC 18 - 6,639 2.9 2.9 3 Numis 19 - 6,380 2.8 2.8 1 03/04/21 Pending Hippo Enterprises Inc Reinvent Technology Partners Z 5,522.0 5,522.0 Insurance Financial Technology Partners 20 11 5,954 2.6 -14.0 2 Wells Fargo & Co 21 - 5,525 2.4 2.4 3 02/22/21 Pending Apex Clearing Holdings LLC Northern Star Invt Corp II 5,146.5 5,146.5 Other Financials Allen & Co Inc 22 - 5,502 2.4 2.4 2 Stifel/KBW 23 - 5,495 2.4 2.4 3 02/24/21 Pending Joby Aero Inc Reinvent Technology Partners 5,000.0 5,000.0 Aerospace & Defense Oppenheimer Holdings Inc 24 - 5,335 2.3 2.3 3 Houlihan Lokey 25 - 3,573 1.6 1.6 2 03/01/21 Pending Rocket Lab USA Inc Vector Acquisition Corp 4,000.0 3,952.0 Aerospace & Defense Industry Total 230,505 100.0 109 *Indicates a Tie An LSEG Business.