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

Weakness in SPACs is partially a function of increased competition: With so many SPACs hunting for targets, merger valuations have grown unsustainable, and sponsors are getting laxer about the companies they choose to take public, The National Review reports.

“If this year’s 5x ratio of SPAC equity capital to target M&A enterprise value persists, the aggregate enterprise value of these future takeover targets would be $300 billion,” Goldman said in a note.

The SPAC Conference 2023 is the largest forum for networking and discussion of special purpose acquisition companies and alternative IPO techniques.

The annual conference hosted by DealFlow Events is the largest forum for networking and discussion of Special Purpose Acquisition Companies and alternative IPO techniques.