17 days ago • Posted by Martin Boujol
SPAC frenzy might rewards long term players
As you know, as special purpose acquisition company (SPAC) raises money to make an unspecified purchase. If the money has not been invested within 2 years, it is distributed back to investors. There was a surge of issuance recently, which could mean that their will be as much a $10.2 billion given back to investors in October 2022, a figure that will jump to $34.5 billion by March 2023, with 106 SPACs. Many companies are thus advised to wait a little, not pick up the phone, in order to negotiate an acquisition once time becomes scarce.