Dealmakers looking to take companies public through SPAC mergers are making short-term agreements with alternative asset managers and private equity groups in a desperate bid to replace cash being pulled by investors, Financial Times reports. The agreements underscore the struggles that SPACs are facing to complete mergers, after plunging in popularity since the frenzy that took over Wall Street during the peak of the pandemic. Read more.
SPACs Tap Alternative Funds in Hunt for Cash
