The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced in the first half. The news coincides with rising SPAC redemption rates and a decline in post-merger SPAC returns. November deal completions are now trending slightly below previous months.
This year, there have been over 240 SPAC merger announcements...
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