Enriched De-SPAC Events
Follow a SPAC deal before its new ticker starts trading, then measure how much cash stayed when the merger closed. Each business combination is tracked from announcement to completion, termination, or liquidation, with both ticker identities, upcoming milestones, and transaction economics assembled from SEC filings.
See the next milestone.
status, next_event_date, and next_event_type show where the deal stands and whether a shareholder meeting, expected close, or expected first trade comes next.
Measure how much cash stayed.
redemption_amount_usd against trust_remaining_usd and pipe_amount_usd shows how much funding remained when a completed deal's shareholders cashed out.
Connect the shell to the company.
prior_ticker and new_ticker join the SPAC to the operating business, even when the new symbol is disclosed before the merger closes.
Which SPAC mergers have a shareholder vote or expected closing coming up? Show the old and new tickers, put the nearest milestones first, and distinguish confirmed dates from estimates.
Your agent selects pending deals with upcoming milestones, joins both ticker identities, and checks the basis of each expected date.
Follow the deal before the ticker changes.
A SPAC, or special purpose acquisition company, is a shell that raises money into a trust account and lists on an exchange with no business of its own. It then has a fixed window to find a private company to merge with. When that merger closes, the shell becomes the operating company, usually under a new name and ticker. That completion is the de-SPAC.
Each latest row follows one business combination through the steps before and after that transition: announcement, registration, a scheduled shareholder vote, approval, listing, and completion. Deals that terminate or liquidate remain distinguishable. The date field records the filing that set the current status; closing_date and trading_commencement_date record the actual close and disclosed first trading session.
The dashboard preview shows completed, terminated, and liquidated deals within its available date window. Pro adds pending and upcoming deals and full historical access. The API also provides a separate history view for inspecting the filings behind a deal's progression.
Each row includes:
- The deal's current status and the filing date that established it.
- Both identities: the SPAC's own ticker and name, the new ticker and company name, and associated warrants where identified.
- Shareholder meeting, registration, listing, and closing milestones, plus the next tracked event for pending deals.
- Expected closing and first trading dates, with fields explaining whether each was stated or derived.
- Disclosed redemptions, remaining trust cash, PIPE financing, proceeds, and deal values.
- Supporting filing text, source links, extraction confidence, and quality flags.
A scheduled vote is not a completed merger. The status separates pending deals from completed, terminated, and liquidated ones; the date basis separates a stated timetable from an estimate.
Watch the pipeline. Study the completed cohort.
The pending pipeline lets you prepare for shareholder votes and listing transitions before a new ticker appears on the tape. Keep stated dates separate from estimates and follow both symbols. A scheduled milestone is a reason to monitor a deal, not evidence that it will close.
The published study covered 371 completed de-SPACs since 2020. The median name was 29% lower three months after completion and 47% lower at six months, with 74% of them down at the three-month mark (z = 9.3). Those results describe the completed cohort, not pending or terminated deals. Use status=completed when building that cohort from the expanded feed.
The economics fields are where that completed cohort splits in two. Deals where holders redeemed heavily fell roughly three times as far as light-redemption deals in the same study, a median 43% against 16%. Pro forma shares outstanding describe the share count at close, redemptions show how much cash left, and the PIPE, a private investment in public equity, shows financing arranged alongside the combination.
- Monitor pending deals with upcoming meetings, expected closings, or expected first trading dates; check the date basis before acting.
- Follow a deal using either its SPAC ticker or its new company ticker, including symbols disclosed before closing.
- Filter status=completed to compare redemption amounts, remaining trust cash, and PIPE financing within the completed cohort.
- Align post-merger event windows to the disclosed trading_commencement_date when you need the first trading session.
- Inspect view=history and created_at when studying earlier deal states; current financial enrichment is not a historical snapshot.
Assembled from agreement to closing disclosure.
The feed connects a deal's agreement filings, registration statements, definitive proxies, voting results, listing registrations, and closing or termination disclosures. A completed deal is confirmed by filing language that the business combination was consummated or closed. source_form_types and filing_count describe the documents assembled into each row.
Disclosed terms and later closing financials are combined with ticker identity checks and date validation. Expected dates can be derived: an upcoming meeting can stand in for the earliest possible close, and a listing filing or closing can supply an estimated first trading date. The corresponding basis fields make those estimates explicit. Missing or withheld values are null, and quality_flags records processing caveats.
Latest rows evolve as more information arrives. The history view records filing events, the status after each, and created_at for availability checks. Historical backfills use synthetic availability times, and deal re-keying can change the history's identifiers. History does not provide past snapshots of every economics field; see the documentation before using it to reconstruct a trading signal.
The status, the next date, and the cash behind the deal.
The headline fields below are a subset. Every field, with exact types and semantics, is documented in the API reference.
| Field | Type | What it tells you |
|---|---|---|
| status | string | Current stage of the business combination, from announced through completed, terminated, or liquidated |
| date | string | SEC filing date that set the current status (YYYY-MM-DD), not necessarily the closing or next milestone date |
| prior_ticker | string | null | The SPAC's own common-stock ticker before the combination |
| new_ticker | string | null | Post-combination common-stock ticker once identified; can be known before the merger closes |
| next_event_date | string | null | Next tracked meeting, expected close, or expected trading date for a pending deal; may retain an overdue milestone for up to five days |
| next_event_type | string | null | meeting, close, or trading; null when no next milestone is available |
| expected_close_date | string | null | Stated expected closing date, or the meeting date as an earliest-close proxy while the vote is pending; not a confirmed close |
| expected_close_basis | string | null | stated_in_filing or meeting_date; identifies the source of expected_close_date |
| expected_trading_date | string | null | Stated expected first trading date, otherwise one business day after the listing filing or closing; an estimate |
| expected_trading_basis | string | null | stated_in_filing, 8a12b_plus_1bd, or closing_plus_1bd |
| closing_date | string | null | Actual business-combination closing date |
| trading_commencement_date | string | null | Disclosed first trading date under the new ticker |
| redemption_amount_usd | number | null | Total dollars redeemed by SPAC shareholders |
| trust_remaining_usd | number | null | Trust balance remaining after redemptions, in USD |
| pipe_amount_usd | number | null | Disclosed private investment in public equity (PIPE) financing, in USD |
One call finds pending deals with a next milestone.
One key works across the REST API, the hosted MCP server, and this dashboard. Every response is JSON with a { count, data } envelope.
import requests
url = "https://api.alphanume.com/v1/de-spac-events"
params = {
"status": "pending",
"upcoming": "true",
"api_key": "alp_abc123"
}
r = requests.get(url, params=params)
r.raise_for_status()
print(r.json())curl "https://api.alphanume.com/v1/de-spac-events?status=pending&upcoming=true&api_key=alp_abc123"{
"count": 1,
"data": [
{
"deal_id": "1234567-20260701",
"status": "vote_scheduled",
"event_status": "vote_scheduled",
"date": "2026-08-28",
"filing_url": "https://www.sec.gov/Archives/edgar/data/1234567/...",
"ticker": "AURA",
"prior_ticker": "AURA",
"new_ticker": "MRLN",
"warrant_ticker": null,
"exchange": null,
"spac_cik": 1234567,
"pubco_cik": null,
"prior_spac_name": "Aurora Acquisition Corp.",
"new_company_name": "Marlin Technologies, Inc.",
"target_business_name": "Marlin Technologies, LLC",
"business_description": null,
"sponsor_name": null,
"announced_date": "2026-07-01",
"registration_effective_date": null,
"meeting_date": "2026-09-15",
"record_date": null,
"vote_approved_date": null,
"listing_filed_date": null,
"expected_close_date": "2026-09-15",
"expected_close_basis": "meeting_date",
"expected_trading_date": null,
"expected_trading_basis": null,
"closing_date": null,
"trading_commencement_date": null,
"effective_date": null,
"terminated_date": null,
"next_event_date": "2026-09-15",
"next_event_type": "meeting",
"redemption_shares": null,
"redemption_amount_usd": null,
"trust_remaining_usd": null,
"pipe_amount_usd": null,
"gross_proceeds_usd": null,
"pro_forma_shares_outstanding": null,
"enterprise_value_usd": null,
"equity_value_usd": null,
"confidence": 0.96,
"evidence_quote": "The special meeting to consider the proposed business combination will be held on September 15, 2026.",
"source_form_types": "8-K,S-4,DEFM14A",
"filing_count": 3,
"quality_flags": null,
"first_seen": "2026-07-01",
"last_updated": "2026-08-28 13:10:00"
}
]
}What this data does not claim.
- The example uses fictional companies, symbols, and abbreviated filing links to illustrate the schema. It is not a live record.
- The filing date, actual closing date, and first trading date serve different purposes. Expected dates are estimates or stated plans, not confirmed outcomes.
- A missing redemption or PIPE figure means it is unavailable, not zero. Transaction enterprise and equity values are deal terms, not current market prices.
- Latest rows can change as filings arrive. History is a filing-event log with a smaller schema; backfill timestamps are synthetic and deal identifiers can change when earlier filings are found or duplicates merge.
- The new ticker can be known before it trades. Use prior_ticker for the SPAC and check the listing and trading dates before joining price histories.
Asked by researchers, answered plainly.
Does this include pending SPAC mergers?
Yes. The feed tracks deals from a definitive-agreement announcement through registration, voting, listing, and completion, as well as termination and liquidation. status=pending selects the six non-terminal stages; upcoming=true narrows those to deals with a milestone today or later. Pending and upcoming rows in the website dashboard are available with Pro.
Are expected closing and trading dates confirmed?
Not necessarily. Each expected date has a basis field. It may come from a date stated in a filing, a shareholder meeting used as the earliest possible close, or one business day after a listing filing or closing. Use closing_date and trading_commencement_date for the actual close and disclosed first trading date.
What are SPAC redemptions and why do they matter?
Before a merger closes, SPAC shareholders can return their shares for their portion of the trust account in cash. Heavy redemptions can leave the new operating company with much less funding than the headline deal value suggests. Compare redemptions with remaining trust cash and any PIPE financing rather than treating deal size as cash in the bank.
Can I still study completed de-SPAC performance?
Yes. Select status=completed, then choose the filing, closing, or first trading date appropriate to your study. The published results on this page describe 371 completed deals. For historical signals, distinguish current enrichment from the filing history and inspect availability timestamps rather than assuming the latest row was known at closing.
How do I connect the old ticker, new ticker, and warrants?
prior_ticker identifies the SPAC's common shares and new_ticker identifies the combined company once its symbol is known. The ticker filter accepts either side. warrant_ticker names associated warrants where identified; a missing value does not establish that no warrants exist.
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