(Photo: Adobe Stock) Deal Watch: What's Behind the Steep Decline in SPACS?
A massive dropoff in activity, higher redemption rates and proposed new scrutiny by the SEC have taken their toll on the darling of the M&A world for the last two years. Is the SPAC done?
April 11, 2022 at 03:29 PM
6 minute read
No one expected the SPAC party to last forever. The speed with which the decline in value and volume has occurred might be a different story.
March of 2021 marked a high point for SPACs, with over 100 announced during that month to a value of over $35 billion.
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