This has been dubbed “the year of the SPAC” with exponential growth in the number and value of blank-check companies going public and merging with well-known targets, Bloomberg reports. But the cost of D&O insurance coverage for SPACs jumped this fall and created a perfect storm of eye-popping insurance premium pricing and a constriction in coverage availability and terms. Read more.
Related Posts
Eyes on Asia for Explosive M&A Action, Including SPACs: Report
Southeast Asia deals jumped 83% for the first half of 2021 to a record $124.8 billion driven by blockbuster transactions including ride-hailing giant Grab’s $40 billion merger with SPAC Altimeter Growth.
UAE-Based Khazna to Launch SPAC in 2024
Khazna is said to be considering the acquisition of three technology companies in the local market.
Rimac Founder Says SPAC Hype Could Damage EV Industry
“I hope that these SPACs will be successful. A lot of them won’t. I hope it won’t hurt the industry too much,” he reportedly said.
Short-Sellers Triple Bets Against SPACs Since Start of 2021: Report
The group of investors has tripled bearish bets against SPACs to $2.7 billion, from $724 million at the start of the year, according to data from S3 Partners.