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
29
Peak Cap Destroyed
$918.9B
Fastest Bankruptcy
258 days
Enjoy Technology
⚡ Fastest to Bankruptcy
Ranked by days from SPAC merger to Chapter 11 filing.
1
Enjoy TechnologyENJY
Retail Tech · Merged 2021-10-15 · Bankrupt 2022-06-30
258 days
merger → bankruptcy
4
Quanergy SystemsQNGY
Autonomous · Merged 2022-02-08 · Bankrupt 2022-12-21
316 days
merger → bankruptcy
5
Electric Last Mile SolutionsELMS
EV · Merged 2021-06-25 · Bankrupt 2022-06-13
353 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.