Do SPAC Vintages Matter? The Street Thinks So

The slowing SPAC craze is a good thing because it allows investors to better evaluate them, culling out the best, according to a panel of asset managers.

Under the new provision in the Inflation Reduction Act, SPAC sponsors could face a 1% exercise tax if they return cash to investors starting in 2023.

Anat Guetta, head of the Israel Securities Authority, said the requirements in Israel aim to protect investors without dampening their appetite for SPACs as an alternative fundraising route for local companies.

Only one SPAC was launched in Hong Kong in the first quarter and it raised $128 million, while three were launched in Singapore.