Cap table software built for SPAC sponsors
Member units, founder shares, founder warrants, and PIPE — every security class across your Sponsor LLC, SPAC, and post-close NewCo, on one live ledger.
Generic cap table tools model startups: common, preferred, options. A SPAC sponsor's ledger looks nothing like that. You hold Sponsor LLC membership interests that convert into founder shares, founder warrants purchased at risk, and — after the business combination — a NewCo position with promote schedules, lockups, and earnouts.
SPACPilot models the sponsor structure natively. Each investor's interest in the Sponsor LLC flows through to their indirect founder-share exposure, capital at risk is tracked per member, and when a subscription agreement is signed the cap table updates itself — no more reconciling the Excel file against the sub docs the night before an audit request.
What you get
Every SPAC security class
Sponsor LLC interests, founder (Class B) shares, founder warrants, public shares, PIPE commitments — modeled correctly, not shoehorned into a startup template.
Waterfall-aware reporting
See each member's units, ownership percentage, capital at risk, and implied founder-share exposure in one view.
Linked to sub docs and capital calls
Cap table entries connect to the signed subscription agreement and the capital calls that funded them — a full audit trail per position.
Auditor-ready exports
Export the ledger with supporting documents linked, so your PCAOB auditor stops emailing you for the same schedule three times.
How it works
Import or enter your members
Bring positions in from Excel or Carta, or add investors as they subscribe.
Link the paper
Attach signed sub docs and capital call receipts to each entry.
Report with confidence
Ownership, capital at risk, and waterfall views stay live as the deal evolves.
Common questions
How is a SPAC sponsor cap table different from a startup cap table?
A sponsor cap table tracks membership interests in the Sponsor LLC, which indirectly hold founder shares and founder warrants in the SPAC. Ownership must be expressed both at the LLC level (units, capital at risk) and the SPAC level (indirect share exposure), and it changes at de-SPAC when promote, lockups, and earnouts kick in. Startup tools don't model any of that.
Can SPACPilot handle multiple SPACs under one sponsor?
Yes. One workspace holds the Sponsor LLC plus SPAC I, SPAC II, and every de-SPAC NewCo as separate entities, with investors tracked once across all of them.
What does it cost?
The cap table — like the rest of the sponsor product — is free. SPACPilot monetizes through optional service-provider referrals (D&O brokerage, trust money managers), not software fees.
More SPAC workflows
Capital calls
Draft the call, allocate pro-rata across members, send notices, and track every wire to the dollar — with reminders for the LPs who always pay last.
Investor onboarding
One link takes each investor from subscription agreement to KYC to accreditation to signature — about five minutes, with the sponsor watching progress live.
Audit & SEC filings
An auditor portal with pre-filled PBC requests and evidence linking, plus a filings calendar that keeps the 10-Q/10-K/8-K cadence on schedule.
See exactly what your sponsor team would see on day one.
Sign in with our demo credentials and explore a fully populated sandbox SPAC — cap table, capital calls, expenses, investor portal, and the auditor view.