Recently, a total of 2 SPACs have submitted prospectuses in the U.S. capital market, with planned fundraising amounts of $50 million and $400 million respectively. In March, 4 SPACs completed their IPOs, with all fundraising amounts less than $75 million, specifically $54 million, $58 million, $60 million and $69 million: In the first three months of 2023 and as of now, a total of 11 SPACs have completed their IPOs, with a total fundraising amount of approximately $900 million. Among them, the industries of the target companies are mainly concentrated in the technology sector, accounting for 64%, the healthcare sector accounts for 18%, and the remaining 18% of SPACs do not restrict the industries of their target companies; regarding the regions of the target companies, 64% of SPACs do not restrict regions, 27% of SPACs mainly focus on the Asian region, and another 9% mainly focus on the EEMEA region. Among all SPACs that have completed their IPOs and are currently seeking target companies, the technology sector accounts for 25% of the target companies' industries, 26% have no industry restrictions, the healthcare sector accounts for 11%, the financial sector accounts for 9%, the energy and consumer sectors each account for 7%, the media and entertainment sector accounts for 5%, and the remaining sectors such as tourism, industry, automotive and others all account for less than 5%; regarding the regions of the target companies, 74% of SPACs do not restrict regions, 10% of SPACs mainly focus on the United States and Canada, 8% mainly focus on Asia, 3% each focus on Europe and the EEMEA region, and another 2% focus on Latin America. In March, 15 SPACs announced the start of business combinations. The highest valuation of the target enterprises is $1.2 billion; in addition, there are 3 SPACs with valuations above $500 million, specifically $847 million, $810 million and $705 million; the lowest valuation is $150 million. In March, 10 SPACs completed their initial business combinations. 5 of the target enterprises have valuations between $500 million and $1 billion, with the highest being $849 million, and the rest are all between $100 million and $500 million, with the lowest being $214 million. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting and Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Company under the same ultimate controlling party. Both companies share the same ultimate controlling party, operate under the same Chinese management framework, and comply with the laws of Hong Kong and the mainland of China.