SPAC investors should expect another month or two of idle flow, but then get ready, The Street reports.
Given the current headwinds in the market for SPAC activity (i.e. SEC, market sentiment) the next month or two will continue apace, but the deal pressure will be steadily building as the glut of SPACs that IPO’d during peak SPAC times — December through March — age. Any SPAC that IPO’d during this period will already be feeling the pressure themselves as the competition for great private companies may leave lower-tier SPACs feeling like they are fighting for table scraps. Read more.
