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Methodology

How we measure coverage

SpacDesk tracks 2,209 SPACs across 31,686 SEC filings spanning 30 years. This page explains what we cover, how we source it, and what the confidence labels mean.

Universe inclusion

A SPAC enters the SpacDesk universe when it files a registration statement (S-1 or S-1/A) with the SEC that identifies it as a blank check company. We include every SPAC that has appeared on EDGAR regardless of current status — searching, deal announced, in vote, closed, liquidated, or withdrawn. Historical SPACs dating back to 1996 are included from retrospective EDGAR crawls.

We do not apply minimum-size or exchange-listing filters. Sub-$50M trusts, OTC-listed vehicles, and SPACs that never completed an IPO are all present if they filed with the SEC.

Filing types mirrored

SpacDesk mirrors the full set of SPAC-relevant SEC filing types from EDGAR. Every filing is stored locally and parsed for structured data extraction.

S-1 / S-1/AIPO registration statements
S-4 / S-4/ABusiness combination proxy/registration
PREM14A / DEF14AProxy statements for shareholder votes
10-K / 10-QAnnual and quarterly reports
8-K / 8-K/ACurrent event reports
SC 13D / SC 13GBeneficial ownership filings
4 / 3Insider transaction reports
425 / FWPProspectus supplements and free writing

Start date and historical depth

Our earliest filing dates to 1996, giving 30 years of continuous SPAC coverage. Historical data is sourced from full EDGAR index crawls and retrospective parsing — not just real-time feeds. This means SPACs that were active before SpacDesk existed are fully represented.

Update frequency

The ingest pipeline runs continuously. New EDGAR filings are detected and mirrored within minutes of publication. Structured data extraction (trust values, deal terms, vote results, entity linking) follows within the same pipeline cycle.

Data typeRefresh cadence
SEC filingsNear-real-time (minutes from EDGAR)
Trust valuesDaily modeling + filing-derived updates
Universe statusContinuous (event-driven)
AlertsEvaluated on each pipeline cycle
NewsFiling-derived + RSS aggregation every ~30 min

Citation coverage

Every data point in SpacDesk carries a provenance chain. When you see a trust value, deal term, or ownership percentage, you can trace it back to the exact filing line it was extracted from. This is not metadata annotation after the fact — extraction and citation happen in the same pipeline step.

Citation depth varies by data type. Core deal economics (trust per share, redemption rates, earnout structures, sponsor fees) are citation-anchored to specific S-4/PREM14A passages. Derived metrics (yield to redemption, trust accretion rates) cite their input values and the calculation methodology.

Estimate vs. reported

SpacDesk distinguishes three provenance levels for every value, shown as badges throughout the product:

Reported
Directly stated in a filed document. The citation points to the exact sentence or table cell.
Derived
Calculated from reported values using a documented formula (e.g. yield to redemption from trust per share, redemption deadline, and risk-free rate). Each input is itself cited.
Estimated
Modeled from incomplete or indirect data. Common for trust values between filing dates, pre-announcement deal terms, and forward-looking projections. The estimation method and confidence are always disclosed.

When a reported value supersedes an estimate (e.g., a new filing confirms an actual redemption rate), the estimate is replaced and the provenance updates automatically.