SPACs Incorporated in Marshall Islands
4 SPACs raised $41.4M in trust from Marshall Islands-incorporated vehicles.
The Marshall Islands has served as an incorporation jurisdiction for at least four special purpose acquisition companies tracked on SpacDesk, making it a minor but recurring venue among offshore SPAC formations. Of those four vehicles, two have announced or completed business combination transactions, reflecting a deal-conversion rate broadly in line with smaller jurisdiction cohorts. One SPAC incorporated in the Marshall Islands has liquidated without completing a merger, while none remain in active target-search mode, indicating the cohort has largely run its course. The Marshall Islands offers a streamlined corporate statute that some sponsors have favored alongside more common domiciles such as the Cayman Islands and Delaware. Sign up at SpacDesk for the full jurisdiction breakdown, deal timelines, and sponsor-level data on every SPAC in our database.
| SPAC | Sponsor | Trust | Status | IPO Date | Sector | Target |
|---|---|---|---|---|---|---|
| BBVUF BBV Vietnam S.E.A. Acquisition Corp. | — | $41.4M | Deregistered | 2008-02-11 | Other / Diversified | — |
| OKN Oceanaut, Inc. | — | — | Liquidated | — | Logistics / Mobility | — |
| NNA NAVIOS MARITIME ACQUISITION CORPORATION | Navios Maritime Holdings | — | Completed | — | Logistics / Mobility | — |
| SRG Seanergy Maritime Corp. | — | — | Completed | — | Logistics / Mobility | — |
Data sourced from SEC EDGAR filings. Jurisdiction of incorporation extracted from S-1 and S-1/A prospectus cover sheets. Trust size reflects declared trust at IPO.