The $10 Cliff
Every SPAC starts at $10 per share. That's the deal. The question is: where do they end up? For these 24 companies, the answer is $0.
Bankrupt SPACs
24
Peak Value Destroyed
$95B
Avg Time to Bankruptcy
28 months
Fastest Collapse
9mo
Quanergy Systems
The Waterfall
Every bar starts at $10. They all fell to $0. Hover to see the journey.
← Largest peak market capSmallest →
Speed of Collapse
Months from SPAC merger to bankruptcy filing
Quanergy Systems
9mo
Near Intelligence
9mo
Fast Radius
10mo
Enjoy Technology
11mo
Electric Last Mile Solutions
12mo
Enovis (fka Colfax)
14mo
Virgin Orbit
16mo
Embark Technology
18mo
Landsea Homes
22mo
Bird Global
24mo
IronNet Cybersecurity
24mo
AppHarvest
24mo
Proterra
25mo
WeWork
28mo
Volta
30mo
Hyliion
33mo
Lordstown Motors
33mo
Eos Energy
34mo
Greenland Acquisition
42mo
Fisker
44mo
23andMe
45mo
Lion Electric
49mo
Canoo
50mo
Nikola
56mo