Micro-Cap SPAC Report

Comprehensive Analysis of the State of the Micro-Cap SPAC Industry

The Micro-Cap SPAC IPO marketplace remained steady in the last quarter of 2022, with issuers raising approximately $600 million, in offerings ranging from $50,000,000 to $200,000,000.

A total of 8 issuers completed their Micro-SPAC IPOs (SPAC IPOs raising up to $250 million) in the 4th Quarter. Four foreign private issuers (FPIs) from the Cayman Islands completed their Micro-SPAC IPOs in the U.S. during the 4th Quarter.

Placing a particular emphasis on issuers operating in the micro-to-small cap spaces, our 2022 4th Quarter IPO summary explores all the data and trends behind these numbers, while providing an in-depth look into the various elements of the SPAC IPO process.