Last year’s unprecedented amount of SPAC activity is about to result in an unprecedented number of SPAC liquidations.
The 2022 SPAC market has been roiled by high redemption rates, poor de-SPAC returns, market volatility, and regulatory uncertainty. Now, hundreds of blank check companies formed during the height of the SPAC boom in 2020 and 2021 are months away from their deadlines to either get a deal done or liquidate.
For years, SPAC liquidations were rare: Just seven SPACs in total liquidated across 2019, 2020, and 2021. But so far in 2022...
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