Recently, the performance of SPACs has faltered in the market, putting extra pressure on blank-check firms trying to woo startups that are becoming wary of the IPO process, CNBC reports.
Still, because the firms that create blank-check companies can lose millions if a deal doesn’t go through, it’s unlikely that mergers will slow substantially. Instead, it may mean more room for negotiations, and potential risk in the coming years when SPACs rush to meet their merger deadlines. Read more.
