Special Purpose Acquisition Companies (SPACs) are one of the most exciting & disruptive capital markets themes over the past several years. Along with an increase in the number of SPAC IPOs, larger deal sizes and high-profile sponsor teams are drawing investors to this once underfollowed market. However, with little research and information available on publicly-traded SPACs, investors are often left wondering how they can efficiently access a market that has traditionally been dominated by institutional investors.   

The solution? The SPAC and New Issue ETF (NYSE: SPCX), the first actively-managed SPAC ETF. SPCX gives investors exposure to a broad portfolio of SPACs with the familiar attributes of an exchange traded fund’s diversity, tax-efficiency and liquidity.

What is a SPAC?

Acquisition within two years


Reverse Merger


A sponsor team raises a blind pool of cash to combine with a private operating company. The structure gives public investors access to a top tier sponsor that is highly incentivized to generate excess value through sourcing a unique business combination opportunity.

(Source: Bank of America)

SPAC Issuance Accelerates through 1Q21

$81.5 Billion Raised in 2020
$97 Billion Raised in 1Q21

(Source: Citi)

SPAC IPO Sizes >$300M since 2018







(Source: Citi)

How is a SPAC Structured?

A brief explanation of the basic plumbing

Click to Learn More


Stages of a SPAC

How it all comes together

Click to Learn More

Why do a SPAC?

From a Sponsor’s and Seller’s point of view

Click to Learn More

Potential Benefits of Going Public via a SPAC

Why more companies are taking this disruptive path to market

Click to Learn More

How to Invest

The SPAC and New Issue ETF (NYSE: SPCX), the first actively-managed SPAC exchange traded fund. SPCX offers a simple yet institutional-level solution to help investors of all types navigate an often complicated SPAC landscape. 

Have a Question?

Thank you for your interest in SPCX. Please fill out the form to the right so we can better help you.

Sign up for SPCX updates

Enter your email below to keep up-to-date with SPCX news.