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SPAK (Defiance Next Gen SPAC Derived ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how SPAK's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for SPAK and 80,000+ other tickers.
This ETF is designed to mirror the returns of U.S.-listed common shares belonging to Special Purpose Acquisition Companies (SPACs) and businesses that have come to market via a SPAC transaction. SPACs are essentially shell corporations, lacking any ongoing commercial operations, established solely to gather capital from investors for the purpose of acquiring or merging with one or more operational companies. A significant portion—at least 80%—of the fund's net assets are committed to these SPACs and companies that have emerged from SPAC mergers. It is important to note that this fund maintains a non-diversified investment approach.
SPAC issuance has been reduced to a trickle for most of 2022, but now even that is drying up. July is expected to be the first month with no blank check IPOs in over five years. In the last two years, the SPAC market has gone from boom to bust.
BFAC And The SPAC Problem
What is a SPAC?
Spotlight On SPACs: More Risk Than Opportunity?
The Defiance Next Gen SPAC ETF tracks the indxx SPAC and Next Generation IPO Index. SPAK is down over 35% in the last year as a result of a decreased appetite for SPAC listings.