WSJ: The SPAC Bubble Is Burst. It May Be Time to Invest.

A transaction is set to value the combined entity at as much as $3 billion.

The flight to quality is real, BioSpace reports.

Investors are rushing to form SPACs as capital shifts from traditional oil and gas investments to low-carbon alternatives.

For SilverBox Capital Managing Partner Joe Reece, the shrunken SPAC is more investor- and target-friendly. It pays lower fees to bankers, has less of an overhang from sweeteners like warrants that can dilute ownership and gives sponsors a smaller share of the merged company.