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Liquidated · 9 Jun 2023SCUA.U · NYSECIK 1853594Sponsor at IPO: Sculptor Acquisition Sponsor I

Sculptor Acquisition Corp I

$235MTrust raised at IPO

  1. IPO8 Dec 2021
  2. Searching18 months
  3. Deal announced—
  4. Liquidated9 Jun 2023

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Smaller than 62% of 2021’s SPAC IPOs.

    $230M raised, against a median of $239M for the 610 SPACs that priced in 2021.

  2. 02

    $10.20 in trust per unit, above the 2021 median.

    The median that year was $10.00. Above $10.00, the sponsor tops up the trust from its own private placement.

  3. 03

    The trust was liquidated.

    Public shares were redeemed and the SPAC did not complete a merger.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2021 SPAC IPOs →
IPO priced
8 Dec 2021
IPO closed
13 Dec 2021
Raised
$230M1
Units sold
23,000,0002
Trust raised
$235M3
Trust per unit
$10.204
Unit
1 sh + ½ warrant5
Months to complete
186
Deadline before extensions
13 Jun 2023
Over-allotment
Exercised in full

Each unit: “one Class A ordinary share and one-half of one redeemable warrant”

How it compares

Sculptor Acquisition Corp I against the 610 SPACs that priced in 2021.

Raised
$230M
50% of 2021 SPACs are above it
2021 median: $239M
Trust per unit
$10.20
83% of 2021 SPACs are below it
2021 median: $10.00
Months to complete
18
56% of 2021 SPACs are above it
2021 median: 24

Trust and redemptions

No extension or merger vote with paid redemptions is on record for this SPAC yet.

Firms named in the prospectus

Company counsel

Underwriters’ counsel

Auditor

Sponsor

No other SPAC from Sculptor Acquisition Sponsor I or a vehicle of the same name priced since 1 January 2019.

Peers

Other 2021 SPAC IPOs with Goldman Sachs & Co. LLC as bookrunner.

SPACIPORaisedUnitStatus
FTAC Emerald Acquisition Corp.15 Dec 2021$249M1 sh + ½ warrantCompleted
Ascendant Digital Acquisition Corp. III9 Nov 2021$300M1 sh + ½ warrantLiquidated
7 Acquisition Corp4 Nov 2021$230M1 sh + ½ warrantLiquidated
Rigel Resource Acquisition Corp.4 Nov 2021$300M1 sh + ½ warrantLiquidated
SDCL EDGE Acquisition Corp28 Oct 2021$200M1 sh + ½ warrantLiquidated

Sources

  1. PFinal prospectus: 0001140361-21-041202
  2. 1Gross proceeds: 0001140361-21-041378The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $230,000,000 (before underwriting discounts and commissions and offering expenses).
  3. 2Units sold: 0001140361-21-041378On December 13, 2021, the Company consummated the IPO of 23,000,000 units (the “Units”), which includes
  4. 3Trust raised: 0001140361-21-041378A total of $234,600,000 of the net proceeds from the IPO and the Private Placement (which includes approximately $8,050,000 of the underwriter’s deferred discount) were placed in a trust account
  5. 4Trust per unit: 0001140361-21-041202$204,000,000, or $234,600,000 if the underwriters’ over-allotment option is exercised in full ($10.20 per unit in either case), will be deposited into a U.S. based trust account
  6. 5Unit composition: 0001140361-21-041202Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant.
  7. 6Months to complete: 0001140361-21-041202We will have 18 months from the closing of this offering to consummate an initial business combination.

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.