Finding New Opportunities in the SPAC Landscape: Podcast

The fund, one of the first to track SPAC stocks, is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders by Aug. 18.

More than 120 SPACs have gone public already in 2021, raising nearly $40 billion for potential acquisitions, according to data compiled by Bloomberg. But, on average, they have underperformed traditional IPOs.

A Mudrick Capital Acquisition Corp II investor sued the blank check company to prevent a vote that could change how shareholders approve a share issuance needed to close its merger with sports trading card seller Topps.

Many of the SPACs that have popped up in recent years and raised giant piles of money will fold in 2021 and 2022, a New York Times columnist predicts.