It’s Getting Hard Out There for a SPAC

tough week

It’s Getting Hard Out There for a SPAC

The combination of election uncertainty, market indigestion and maybe a little of bit of Halloween spookery has generated a difficult market for SPACs in the past several weeks. Fourteen SPACs listed over the past week (on or after 10/22), and only five finished trading above $10 today, with several breaking their IPO price almost immediately.
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