SPACs—or special purpose acquisition companies—were once the darlings of Wall Street, but now they’re flailing, contends an article in The New York Times. The function of SPACs is to sell…
Tag: SPAC
SPAC Startup Promises Aren’t Panning Out
Almost half of all SPAC startups with less than $10 million of annual revenue that went public in 2021 will fail to meet the earnings targets they promised to investors,…
Scrambling SPACs Offers Opportunity For Investors
602 special-purpose acquisition companies (SPACs) formed in 2020 have only months to find a deal before they have to give investors back their money, reports an article in Barron’s. The…
Are SPACs An Uncorrelated Asset Class?
SPACs have surpassed IPOs in volume this year, and many advocate them as a new asset class that every investor should add to their portfolio, purporting that they generate superior…
Regulatory Warnings Ice SPAC Hot Streak
Amid new regulatory scrutiny, investors are reportedly “cooling to one of the hottest bets on Wall Street,” cutting the flow of new SPAC issues “to a trickle while share prices…