The pace of blank-check mergers failing to cross the finish line is accelerating as the industry grapples with waning investor interest, Bloomberg reports.
At least six mergers with SPACs have been cancelled this year, on pace for a record number of nixed deals in a single quarter. At least 22 have been spiked since the middle of 2021, according to data compiled by Chicago-based SPAC Research, which tracks the industry. That compares with 26 tie-ups that were called off in the more than five years prior, the data show. Read more.
