Insights: Research on De-SPACs and U.S. Listings
Three Paths to a US Listing
By Crocker Coulson | Founder & CEO, AUM Advisors
September 2026
Sources: Renaissance Capital, SPAC Insider, Jay Ritter (University of Florida), SEC filings, exchange data; AUM Advisors analysis. Market prices as of 10 September 2026; 2026 listings refreshed to 14 September 2026.
This guide is written for the management teams and boards of companies outside the United States that are considering a US listing — and who want a clear, evidence-based understanding of the three ways to get there before the pitch meetings begin. Read more.
The De-SPAC Scorecard | H1 2026
Redemptions, PIPEs, and the Widening Gap Between Winners and Losers
By Crocker Coulson | Founder & CEO, AUM Advisors
July 2026 | The first in a quarterly series
Source: SPAC Insider/AUM Advisors analysis.
Market data as of July 9, 2026.
Every quarter, a familiar stack of investment bank decks tallies SPAC IPO issuance — how many blank checks priced, how big the trusts, which sponsors are back. Almost nobody tracks what happens after the merger closes. The reason is uncomfortable: roughly 85% of completed de-SPACs have destroyed value, and the industry would rather count launches than landings. Read more.
What 699 Transactions Teach Us About Who Wins — and Why 85% Fail
By Crocker Coulson | Founder & CEO, AUM Advisors
June 2026 | Prepared for the SPAC Conference, June 9–10, 2026
The Five Disciplines of De-SPAC Success
By Crocker Coulson | Founder & CEO, AUM Advisors
June 2, 2026
I spent three years on the other side of the trade from Andrew Left, the flamboyant short seller who now faces a potential sentence of more than 20 years in prison. Read more.