Defiance Next Gen SPAC Derived ETF
SPAK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 30, 2020
- Similar Companies
- Business
- Defiance Next Gen SPAC Derived ETF (SPAK) is an exchange-traded fund that seeks to track the performance of the Indxx SPAC & NextGen IPO Index by investing in U.S.-listed common stocks of Special Purpose Acquisition Corporations (SPACs), ex-warrants, and companies derived from SPACs following their mergers; it employs a full replication technique with market-cap weighted holdings subject to capping, focusing on growth and value stocks across diversified market capitalizations in sectors tied to SPAC and post-SPAC operations. The fund offers investors diversified exposure to liquid SPAC IPOs and next-generation companies emerging from these blank-check entities, including top holdings such as Lucid Group, Inc. (LCID), Grab Holdings Limited (GRAB), DraftKings Inc. (DKNG), and MP Materials Corp. (MP); it primarily targets financial advisors, retail investors, and institutions seeking thematic access to IPO private equity-style opportunities in the public equity markets. Launched on September 30, 2020, by Defiance ETFs, a thematic ETF sponsor founded in 2018 and headquartered in New York, SPAK was the first ETF dedicated to SPACs, joining Defiance's suite of innovative products like those focused on 5G and biotech. In a significant operational change, SPAK was delisted from trading on August 29, 2022, with liquidation of its portfolio assets commencing around August 8, 2022, as announced by Defiance ETFs amid a decline in SPAC market activity; this followed an index allocation shift prior to February 1, 2021, from 80% SPAC-derived companies and 20% SPACs to a revised weighting, alongside annual reconstitutions in July, quarterly rebalances, and monthly additions of new eligible securities. The fund, issued through ETF Series Solutions and domiciled in the United States, operated geographically within U.S. equity markets without noted subsidiaries or parent relationships beyond its sponsor. Despite its closure, recent data platforms continue to list performance metrics, such as a year-to-date return of 31.01% and a 52-week range of $12.89 to $25.75 as of late 2025 listings, reflecting historical tracking.