Forecasts SPAC Market Trends for 2025–2026
In this episode of The SPAC Podcast, Adeel Rouf shares his forward-looking perspective on the SPAC market heading into late 2025 and 2026. With traditional IPO windows largely shut for mid-market companies, Adeel explains why SPACs are becoming increasingly relevant again, especially for private equity and family office-backed portfolio companies searching for liquidity.
He projects a healthy wave of 70 to 100 SPACs as both digestible and impactful for today’s environment, and anticipates an increase in higher-quality companies entering the public markets via de-SPAC transactions. For investors, operators, and sponsors alike, Adeel’s insights offer a grounded yet optimistic outlook for the next evolution of the SPAC cycle.
Connect with the Guest:
Adeel Rouf – SPAC Sponsor & Investor
LinkedIn: https://www.linkedin.com/in/adeelrouf/
View all of their episodes here:
https://www.thespacpodcast.com/guests/adeel-rouf/
Connect with the Hosts & The SPAC Podcast:
Michael Blankenship LinkedIn:
https://www.linkedin.com/in/mikeblankenship/
Joshua Wilson LinkedIn:
https://www.linkedin.com/in/joshuabrucewilson/
YouTube Channel:
https://www.youtube.com/@Thespacpodcast
Contact The SPAC Podcast:
https://www.thespacpodcast.com/contact/
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The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Disclaimers:
The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
Listeners are encouraged to consult their own legal counsel, compliance professionals, or financial advisors to ensure adherence to applicable laws and regulations, including those enforced by the SEC, FINRA, and other regulatory bodies. This podcast does not constitute a solicitation, offer, or recommendation of any financial products, securities transactions, or legal services.
Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 ...
Mike Blankenship:
So putting your crystal ball on, what do you see for the rest of 2025 and into 2026? How many SPACs do you expect, and how many deals do you think will get done?
Adeel Rouf:
As you’re aware, the IPO window is basically shut especially for companies in the $300 million to $3 billion enterprise value range. The market just isn’t there right now, largely due to political, geopolitical, and economic conditions.
That’s exactly where SPACs come into play. I think the market can reasonably digest 70 to 100 SPACs, and there’s still strong demand. Private equity firms and family offices are sitting on roughly $1 trillion in portfolio companies and many of those lack clear paths to liquidity. That creates a major opportunity for SPACs.
I believe we’ll see an uptick in both SPAC activity and de-SPAC deals through the remainder of 2025 and into 2026. I also expect to see higher-quality companies going public via SPACs, which will elevate overall transaction volume. Honestly, I’m really excited about what’s coming next.