The SPAC Ecosystem Is Here to Stay: Apollo’s Rowan

Players in the UK have looked on the monumental US boom and burgeoning EU landscape with envy. Pressure is mounting not only from those positioned to benefit from the listing transactions themselves, but regulators and authorities motivated to reduce the number of strong fintech brands seeking a more appealing listing environment outside of the UK.

In the first quarter there were 29 completed SPAC deals, a similar amount to the previous quarter and above the quarterly average for the last two years.

Meanwhile, a glut of firms are already looking for targets.

Stanford Law Professor Michael Klausner toiled in academic obscurity for decades until 2020, when he wrote a paper slamming SPACs.