Thomson Reuters published an article by Louis Lehot, Are SPACs dying off? A few points to consider about the future of SPACs. The article looks at how SPACs have had a fantastic run in the last year through the end of Q1 2021, rising from a total IPO count1 of 59 in 2019 to 248 in 2020 and a whopping 311 in just the first quarter of 2021. Yes, the number of SPAC IPOs in the first quarter of this year exceeded the total of all of 2020. But the number of new IPOs dropped sharply in April.
This article was also published on Under30CEO.com and vc-List.com.
Disclaimer
This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome. Photographs are for dramatization purposes only and may include models. Likenesses do not necessarily imply current client, partnership or employee status.
Author(s)
Related Insights
June 25, 2026
Foley Viewpoints
DOJ’s 2026 Health Care Fraud Takedown: Details Behind the Headline Number and What It Means for Health Care Providers
For health care companies, investors, management services organizations, provider platforms, and boards, the more important message is more specific: the government is now treating fast-growing reimbursement categories as data-driven, enterprise-risk environments.
June 24, 2026
Tariff & International Trade Resource
What Every Multinational Should Know About … The Opportunity to Shape the Next Phase of U.S.-China Tariffs
Following the May 2026 meeting between President Trump and President Xi Jinping, the Office of the U.S. Trade Representative (USTR) announced a public comment process intended to help shape the next phase of U.S.-China trade negotiations.
June 24, 2026
Tariff & International Trade Resource
What Every Multinational Should Know About … The First Use of Economic Sanctions to Target Intellectual Property Theft
Rather than treating trade-secret misappropriation solely as a commercial dispute, the United States is showing a willingness to use economic sanctions — traditionally reserved for threats such as terrorism and proliferation — to deter and punish large-scale IP theft.