SPAC Hall of Shame
The biggest failures in SPAC history, ranked by speed of collapse, magnitude of destruction, and absurdity of projections. These companies earned their place in infamy.
Total Bankruptcies
59
Peak Cap Destroyed
$1016.4B
Fastest Bankruptcy
63 days
American Virtual Cloud Technologies
⚡ Fastest to Bankruptcy
Ranked by days from SPAC merger to Chapter 11 filing.
1
American Virtual Cloud Technologies
Technology · Merged 2022-02-14 · Bankrupt 2022-04-18
63 days
merger → bankruptcy
4
Near IntelligenceNIR
Technology · Merged 2023-03-23 · Bankrupt 2023-12-14
266 days
merger → bankruptcy
💥 Biggest Market Cap Destruction
The SPACs that destroyed the most market capitalization from peak to trough.
🤡 Most Ridiculous Projections
SPACs with the highest ratio of projected revenue to actual revenue. Fantasy vs. reality.