For SPAC investors wanting to pick winners in the cooling market, one characteristic of blank-check deals has led to steady outperformance, CNBC reports.
The biggest make-or-break factor of a SPAC’s stock performance post-merger was the sponsor’s related experience to the acquired company, or lack thereof, according to Wolfe Research. The firm found that SPACs led by someone with experience in the acquired company’s industry generally recorded big returns. Read more.
