SPAC Investors Thought Bill Ackman was ‘F—ing Magic.’ But His Deal Imploded, and Now Fans are Revolting: Report

Russia's invasion of Ukraine in February sent global grain and fertiliser prices soaring, though they have retreated in recent weeks. Inflation has subsequently risen in many African countries.

A changing landscape for SPACs calls for an extra measure of flexibility and a willingness to consider alternatives in connection with structuring the accompanying SPAC PIPE transaction.

In a shakier market where late-stage companies don't have the cash runway they used to, founders are more incentivized than ever to secure the capital and big investors that come with the traditional IPO roadshow.

Analysts say the stock is wildly overvalued, relative to the company's underlying financials. Trump Media lost more than $58 million on $4.1 million in revenue during 2023, according to an 8-K filed earlier this month.