106 days ago • Posted by Jasper Lawler
New SPACs grind to a halt - Did the SEC burst the bubble?
New SPAC listing have dropped to just 2 per week versus around 20 per week for most of 2021. Is it just a lull or did the celebrity warning from the SEC deter SPAC demand?
The SEC warned on March 10:
The SEC’s Office of Investor Education and Advocacy (OIEA) cautions investors not to make investment decisions related to SPACs based solely on celebrity involvement.