Warrants tied to blank-check stocks are signaling deep doubts about whether those companies will find something to buy, and little or no relief for investors after a year-long rout that has gutted their holdings, Bloomberg reports.
Traders have been dumping warrants issued by all types of SPACs, with prices collectively down about 80% from a year ago, according to data from Boardroom Alpha. This includes SPACs that found a business to acquire as well as those that are still looking, and comes on top of a brutal 40% drop for a key SPAC stock benchmark. Read more.
