Etalon Capital Launches U.S. SPAC Index

December 26, 2017

Etalon Capital Ltd today announced the launch of the U.S. SPAC Index. The index is designed to provide investors with information and exposure to U.S.-listed Special Purpose Acquisition Corporations (SPACs) that have announced an acquisition or merger with operating business.

The new index provides investors with a benchmark and the ability to access pure-play SPACs.

"We have seen the SPAC market becoming more active lately", says Alex Gavrish, CEO of Etalon Capital. "Although more risky and opaque, SPAC companies share many characteristics similar with spin-offs. It is a natural assumption that interesting investment opportunities could be found in this niche as well. The new index will give investors more information and add transparency to this market segment."

The U.S. SPAC Index is a unique index that tracks the performance of Special Purpose Acquisition Corporations listed in the United States. The index tracks the performance of a representative portfolio of SPAC vehicles that have an enterprise value of at least $1 billion.

The index will track the performance of SPAC companies which announced or completed an acquisition or merger transaction within the last three years. Companies are expected to remain in the index for up to 36 months since addition.

Alex Gavrish, Chief Executive Officer of Etalon Capital, said, “Merger or acquisition by SPAC vehicle of an operating business represents an important corporate event. Similarly to spin-off it becomes an important turning point in company's story. SPACs are a relatively small and opaque segment of the market and we hope that this index will provide more information on these events and highlight interesting investment opportunities.“

To learn more, please visit

About Etalon Capital Ltd

Etalon Capital Ltd is a global value equity investment firm with a strong event-driven focus. After many years of focusing on event-driven investments, firm’s founder and CIO, Alex Gavrish, has developed his own investment philosophy that proposes to look at companies and their stocks as stories. For more information, visit


Etalon Capital Ltd

Alex Gavrish, CEO


Nothing contained herein constitutes a solicitation to purchase or offer to sell securities or other investment products. Etalon Capital may receive compensation in connection with licensing the index or through other use of the index. There is no assurance that investment products based on the index will accurately track index performance or provide positive investment returns. Any decision to invest in any investment fund or other vehicle should only be considered after reviewing such product's most recent prospectus or other disclosure document and carefully considering the risks associated with such investment. Etalon Capital or its associates may hold positions in securities comprising the index.