An investor stampede out of risky trades is squeezing SPACs that are running out of time to find companies to take public, potentially leaving their architects without deals and saddled with sizable losses, The Wall Street Journal reports.
Firms that have gone public through mergers with special-purpose acquisition companies have tumbled lately alongside the technology sector and cryptocurrencies. Supply-chain disruptions and technological setbacks have hurt many startups, combining with worries about high inflation and rising interest rates. Read more.
