Will SPAC survive 2021’s excess as a useful funding tool, or is it just another chapter in the history of regulated arbitrage? A surprisingly strong market in London can help provide an answer .
Most investors and companies are turning their backs on what was once the hottest trend on Wall Street: Special Purpose Acquisition Companies (SPACs). In a recent example, space logistics company D-Orbit reversed a deal. Automobile shareholders often exercise their right to get their money back. Dealogic data shows that 60% fewer SPACs were listed from January to August compared to a year ago.
https://www.wsj.com/articles/london-looks-to-un-meme-the-spac-market-11662978050?mod=rss_markets_main London considers de-meme for SPAC market